Variable Rate Technology Market Size, Share, And Trends By Type (Crop Protection Chemical, Seeding, Fertilizer, Irrigation, Others), By Offering (VRT Software, Hardware, VRT Service), By Crop Type (Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables), By Application Method (Map Based, Sensor Based), By Farm Size (Large, Mid-sized, Small), And By Geography – Forecast From 2019 To 2024
- Published : Apr 2021
- Report Code : KSI061612804
- Pages : 115
Farm Variable rate technology enables producers to vary the rate of crop inputs. It is a combination of the variable rate control system and application equipment and the components are a computer, DGPS receiver, controller, and VR software. VRT increases efficiency and reduces wasteful use of resources. The Variable Rate Technology market is expected to grow at a significant rate due to the increasing focus on farm efficiency and productivity. Growing demand for food and support from the government in adopting advanced technologies in agriculture is expected to drive market growth. However, the high cost of equipment required and high maintenance expenditure is expected to hamper the market growth.
By type, Seeding VRT is estimated to have a significant market share as it is increasingly used to optimize productivity and reduce seed costs. By crop type, the oilseed and pulses segment is expected to have notable market growth due to an increase in demand for oilseeds and pulses, particularly soybean and cotton. By geography, North America is estimated to have a significant market share due to the greater adoption of advanced technology in this region.
DRIVERS
Focus on increasing efficiency and productivity
Rising food demand
Government support in the adoption of agricultural technology
RESTRAINTS
High initial cost and maintenance expenditure
INDUSTRY UPDATE
In November 2018, CNH Industrial entered into a strategic digital agreement with Farmers Edge, an agri-tech company to provide a platform for comprehensive digital and professional agronomic decision making support for enhanced farming efficiency and productivity
In June 2019, Ag Leader Technology showcased its latest products in precision technology, its new dual-antenna GPS solution for auto-steer, and the latest cloud service features from AgFiniti.
SEGMENTATION
The Variable Rate Technology Market has been analyzed through the following segments:
By type
Crop Protection Chemical VRT
Seeding VRT
Fertilizer VRT
Irrigation VRT
Others
By offering
VRT Software
Hardware
VRT Service
By crop type
Cereals and grains
Oilseeds and Pulses
Fruits and vegetables
By application method
Map based
Sensor based
By farm size
Large
Mid-sized
Small
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
1. INTRODUCTION
1.1. MARKET OVERVIEW
1.2. MARKET DEFINITION
1.3. SCOPE OF THE STUDY
1.4. CURRENCY
1.5. ASSUMPTIONS
1.6. BASE, AND FORECAST YEARS TIMELINE
2. RESEARCH METHODOLOGY
2.1. RESEARCH DESIGN
2.2. SECONDARY SOURCES
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. MARKET SEGMENTATION
4.2. MARKET DRIVERS
4.3. MARKET RESTRAINTS
4.4. MARKET OPPORTUNITIES
4.5. PORTER’S FIVE FORCE ANALYSIS
4.5.1. BARGAINING POWER OF SUPPLIERS
4.5.2. BARGAINING POWER OF BUYERS
4.5.3. THREAT OF NEW ENTRANTS
4.5.4. THREAT OF SUBSTITUTES
4.5.5. COMPETITIVE RIVALRY IN THE INDUSTRY
4.6. LIFE CYCLE ANALYSIS - REGIONAL SNAPSHOT
4.7. MARKET ATTRACTIVENESS
5. VARIABLE RATE TECHNOLOGY MARKET BY TYPE
5.1. CROP PROTECTION CHEMICAL VRT
5.2. SEEDING VRT
5.3. FERTILIZER VRT
5.4. IRRIGATION VRT
5.5. OTHERS
6. VARIABLE RATE TECHNOLOGY MARKET BY OFFERING
6.1. VRT SOFTWARE
6.2. HARDWARE
6.3. VRT SERVICE
7. VARIABLE RATE TECHNOLOGY MARKET BY CROP TYPE
7.1. CEREAL AND GRAINS
7.2. OILSEEDS AND PULSES
7.3. FRUITS AND VEGETABLES
8. VARIABLE RATE TECHNOLOGY MARKET BY APPLICATION METHOD
8.1. MAP BASED
8.2. SENSOR BASED
9. VARIABLE RATE TECHNOLOGY MARKET BY FARM SIZE
9.1. LARGE
9.2. MID-SIZE
9.3. SMALL
10. VARIABLE RATE TECHNOLOGY MARKET BY GEOGRAPHY
10.1. NORTH AMERICA
10.1.1. USA
10.1.2. CANADA
10.1.3. MEXICO
10.2. SOUTH AMERICA
10.2.1. BRAZIL
10.2.2. ARGENTINA
10.2.3. OTHERS
10.3. EUROPE
10.3.1. GERMANY
10.3.2. FRANCE
10.3.3. UNITED KINGDOM
10.3.4. SPAIN
10.3.5. OTHERS
10.4. MIDDLE EAST AND AFRICA
10.4.1. SAUDI ARABIA
10.4.2. ISRAEL
10.4.3. OTHERS
10.5. ASIA PACIFIC
10.5.1. CHINA
10.5.2. JAPAN
10.5.3. SOUTH KOREA
10.5.4. INDIA
10.5.5. OTHERS
11. COMPETITIVE INTELLIGENCE
11.1. COMPANY BENCHMARKING AND ANALYSIS
11.2. RECENT INVESTMENT AND DEALS
11.3. STRATEGIES OF KEY PLAYERS
12. COMPANY PROFILES
12.1. DEERE AND COMPANY
12.2. AGCO CORPORATION
12.3. TRIMBLE INC.
12.4. CNH INDUSTRIAL N.V.
12.5. TOPCON CORPORATION
12.6. RAVEN INDUSTRIES INC.
12.7. AG LEADER TECHNOLOGY
12.8. SZ DJI TECHNOLOGY CO., LTD
12.9. YARA INTERNATIONAL ASA
LIST OF FIGURES
LIST OF TABLES
AGCO Corporation
Trimble, Inc.
CNH Industrial N.V.
Topcon Corporation
Raven Industries
Ag Leader Technology
SZ DJI Technology Co.
Yara International ASA
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