Portland, OR -- (SBWIRE) -- 07/31/2017 -- Precision farming is a site-specific crop management (SSCM) technique implemented by farmers in their fields to improve crop yield and quality. It utilizes advanced technologies, such as GPS, GIS, telematics, and remote sensing, to obtain real-time updates related to crops. This technique analyzes the weather patterns, temperature, humidity level, soil nutrition, and growth of the crop. In addition, it aids farmers in decision-making and monitors exact water, fertilizer, and pesticide levels to create a suitable environment for crops. The global precision farming market is expected to grow at a CAGR of 17.4% from 2017 to 2025.

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Based on technology, the global precision agriculture market is segmented as GIS, telematics, VRT, GPS, and remote sensing. Based on component, the market is segmented as hardware and software. On the basis of hardware, the market is divided as sensors, drones, automated Steering System (ASS), radar, GPS, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:
Drivers:
- Growth in adoption of smartphones.
- Aggrandized use of cloud technology.
- Booming population.
- Technological advancements.

Restraints:
- Lack of awareness.
- High investment required.

Market Players:
The top players in the global precision farming market include Deere & Company, CropMetrics, Trimble Navigation Limited, CropX, AgSmarts Inc., AgSense LLC, AGCO Corporation, Agleader, DICKEY-john Corporation, and Monsanto Company.

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Key point from Table of Content
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis

2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology

3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter's Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Precision Agriculture Market Shares Analysis, 2014-2025
3.4.1. Global precision agriculture market share by technology, 2014-2025

7. Company profiles
7.1. Deere & Company
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. CropMetrics
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. Trimble Navigation Limited
7.3.1. Overview
7.3.2. Financials and business segments
7.3.3. Recent developments

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MARKET LANDSCAPE
By Technology
- Geographical Information System (GIS)
- Telematics
- Variable Rate Technology (VRT)
- Global Positioning System (GPS)
- Remote Sensing

By Component
Hardware
Sensors
Drones
Automated Steering System (ASS)
Radar
GPS
Others (Satellite, Display, and Smartphone)

Software
Geographical Information System (GIS)
Crop Management Software
Weather Tracking & Forecasting Software
Inventory Management Software
People Management Software
Financial Management Software

By Geography
- North America
- Europe
- Asia-Pacific
- LAMEA