Exhaustive research methodology utilized to extract all the essential market data

The research methodology devised by XploreMR is a unique blend of secondary research and rigorous primary interviews conducted with domain experts and key stakeholders to gain all possible insights pertaining to the precision farming market. This is followed by a multi-layered validation of the information gathered to enable our readers to make critical business decisions. Our methodology has been used to prepare the precision farming market report and the findings thereof have been presented in an easy-to-understand manner in the upcoming report titled ‘Precision Farming Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025’.

The secondary research used in the precision farming market consists of manufacturers’ market overview and product portfolio; historical and forecasted market trends, regional pricing assessment, application and component end-use projections, and market dynamics across all the studied regions. Primary research is concerned with the present and future prospects in both emerging economies and developed countries with adequate emphasis on both in terms of their drivers, restraints, opportunities and threats. The data analysis includes a thorough evaluation of the macroeconomic factors and statistical and historical trend analysis.

Authoritative sources used to gather primary data

To create the precision farming market report, we have turned to authoritative, trusted sources such as annual reports_bk_01_01_2020, industry publications, company presentations coupled with government websites and journal data. Primary interviews with industry experts and important stakeholders help us immensely in the initial data gathering phase.

Accurate market sizing and forecasting

Our team of expert analysts use company proprietary tools to arrive at accurate revenue estimates in the precision farming market based on certain assumptions that have been clearly laid out in the precision farming market report. We use important metrics such as CAGR, absolute dollar opportunity, and Y-o-Y growth rate to deduce precise market projections of the global precision farming market.

Cohesively laid out report structure for our readers’ benefit

The precision farming market report follows an extremely systemic format that allows readers to understand the crux of the precision farming market with all of its nuances. The precision farming market report comprises an executive summary that is a brief snapshot of the global precision farming market. The summary is complemented by the introduction, outlook and market analysis chapters. The succeeding precision farming market report sections touch upon the precision farming market forecast in terms of the application, components, and region. These chapters consist of the historical value of the precision farming market for the four-year period from 2012-2016 compared and contrasted with the eight-year forecast from 2017-2025.

We provide a regional market study highlighting strategic countries within a specific region – further diving into the different market segments within these countries. The regional forecast can be expected to inform you of the drivers, restraints, and trends that impact only that specific region or country in the precision farming market. The list of major market participants and their market presence in terms of intensity concludes this section of the precision farming market report.

A vital portion of the precision farming market report mentions the competitive landscape in the precision farming market. A dashboard of companies involved in shaping the precision farming market along with their profiles, business strategies, financials, and recent developments allows you to conduct a comprehensive competition SWOT analysis.

Precision Farming Market Taxonomy

Application

• Variable Rate
• Application (VRA)
• Field Mapping
• Yield Monitoring
• Crop Scouting
• Soil Monitoring
• Farm Labor
• Management System
• Weather Tracking and Forecasting

Components

• Hardware
  • Automation & Control Systems
    • Display
    • Guidance and Steering
    • GPS/GNSS
    • Mobile Devices
  • Sensing and Monitoring Devices
    • Yield Monitors
    • Drones with Multispectral Cameras
    • Soil Sensors
    • Water Sensors
    • Climate Sensors
• Farm Management Software (FMS)
  • On-premise
  • Cloud-based 
•  Service
  • Installation and Integrations Service
  • Maintenance Service
  • Consulting Service

Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa