Precision Farming Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications To 2027
FEB 25, 2020: The global Precision Farming market size is anticipated to reach USD 12.9 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 13.0% over the forecast period. Precision farming, also known as site-specific crop management or satellite farming, is a farm management concept that uses information technology to ensure optimum health and productivity of crops. The precision farming technique largely depends on specialized equipment such as sensing devices, antennas and access points, and automation and control system. It also involves maintenance services and managed services. Additionally, it incorporates a broad range of technologies such as bio-engineering, robotics and automation, imagery and sensors, and big data. Growing number of applications for telematics in agriculture is anticipated to drive demand for precision farming over the projected period. Telematics services include tracking devices...