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2020-09-01
748
Australia
Precision agriculture is another example for application of advanced technology that measures and responds all information related to soil, farm and crop in order achieve higher productivity and quality output. The changing nature of agricultural land and the environment is the major challenge faced by the agricultural industry has led to growth in the penetration of technology. New technological opportunities in agriculture are in its way such as artificial intelligence (AI) and machine learning. Precision agriculture can be done for specific purpose or general purpose. Such as reduction of lime application in Australia was targeted, which in 2017 was dropped by 33% as surveyed over 75,000 hectares land in Southern NSW and Victoria. Global companies such as Agrian Inc. are expanding to Australia to tap the huge opportunities available by introducing advanced and innovative technology. This signifies the growing agriculture industry of Australia in terms of not only crop protection, production and productivity but also the growth of food and beverages industry. The farmers are now loaded with crop and related data, of which some information is not even used by them. Goldstein Market Intelligence analyst forecast that the Australia precision agriculture market is set to grow at a CAGR of 15.1% over the forecast period (2017-2030).
By Technology
On the basis of technology, variable rate technology accounted for largest market share of 43.7% in 2017 and is expected to grow at a CAGR of 15.3% over the forecast period.
By Application
By Component
The report covers the present ground scenario and the future growth prospects of the precision agriculture market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Australia region.
Australia Precision Agriculture Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Australia precision agriculture market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Australia Precision Agriculture Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.
The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Australia Precision Agriculture Industry" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Our Australia precision agriculture market report comprises of the following companies as the key players:
Agrian Inc.
Precision Ag
McIntosh & Son
Convergio
GeoMoby
Precision Agronomics Australia
scientific aerospace
Topcon Positioning Systems Inc.
Raven Industries
Precision Planting Inc. etc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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