Global Agricultural Variable Rate TechnologyMarket is valued approximately XX in 2021 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2022-2028.Agriculture VRT is a technology-driven precision farming component that is utilized to deliver a variety of crop materials to a particular area. These items include fertilizers, crop protection agents, and seeds, all of which aid in agricultural production optimization. VRT-based crop management reduces production costs, increases crop profitability, and has a favourable environmental effect, giving it an advantage over conventional uniform crop management. VRT in agriculture is dedicated to offering intelligent and creative technical solutions using variable-rate capable machinery, Artificial Intelligence (AI), and drone technology, as well as supporting other agricultural advancements to boost crop yields and profitability.The global increase in crop demand would boost the market for agricultural VRT.
According to the United Nations' median prediction, the world's population will expand to roughly 8.5 billion by 2030, thereby increasing worldwide demand for food and water. However, there is tremendous expansion in agriculture, yet remaining landmass will be a major criterion. As a result, several governments are funding agricultural technological breakthroughs that will assist boost crop yields with existing terrain. Furthermore, technical developments in the equipment utilised to increase output are assisting participants in the agricultural variable rate market to strengthen their position. Kubota Corporation signed a partnership agreement with Bloomfield Robotics in December 2021, which will promote the transition to smart agriculture on tree crop farms by forming an alliance with Bloomfield through investments.
CNH Industrial N.V. will acquire Raven Industries, Inc., a precision agriculture technology leader based in the United States, in November 2021. The acquisition builds on a long partnership and is a significant step forward in CNH Industrial's digital transformation. .However, high costs of agriculture VRT equipment is expected to hamper the market growth.
The key regions considered for the global Agricultural Variable Rate TechnologyMarketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the world's top manufacturer of agriculture VRT. North America held a share of the global agriculture variable rate technology (VRT) market. North America is a major exporter of a variety of agricultural products; the region is dominated by large-scale farm operations, with a primary focus on exports driving the region's large market size for VRT. Asia Pacific is one of the fastest-growing Agri-tech Markets. It is one of the potential markets for agriculture VRT because to its enormous farming area and rapid population increase. Asia Pacific encompasses a large land region and includes nations such as China, Japan, India, South Korea, and Australia. Population growth in the region's emerging countries is putting pressure on the agriculture industry to enhance productivity, which is fuelling demand for VRT. Drones used to plant seeds and spray pesticides and fertilizers are becoming increasingly popular in the Southeast Asian country, which is dealing with a manpower shortage exacerbated by the coronavirus outbreak, as well as limitations on employees' migration.
Major market player included in this report are:
Deere & Company
Trimble, Inc
AGCO Corporation
Topcon Corporation
CNH Industrial NV
Kubota Corporation
Yara International
SZ DJI Technology Co., Ltd.
Valmont Industries, Inc
Lindsay Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByOffering:
Hardware
Variable Rate Software
Variable Rate Services
By Type:
Fertilizer VRT
Crop Protection Chemical VRT
Soil Sensing
Seeding VRT
Yield Monitoring
Irrigation VRT
By Crop Type:
Cereals and Grains
Oilseeds & Pulses
Fruits & Vegetables
By Application Method:
Map-based VRT
Sensor-based VRT
By Application Fit:
Fertilizers
Crop Protection Chemicals
Other Application Fit
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Agricultural Variable Rate TechnologyMarket in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Agricultural Variable Rate Technology Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Agricultural Variable Rate Technology Market, by Offering ,2020-2028 (USD Billion)
- 1.2.3. Agricultural Variable Rate Technology Market, by Type,2020-2028 (USD Billion)
- 1.2.4. Agricultural Variable Rate Technology Market, by Crop Type,2020-2028 (USD Billion)
- 1.2.5. Agricultural Variable Rate Technology Market, by Application Method ,2020-2028 (USD Billion)
- 1.2.6. Agricultural Variable Rate Technology Market, by Application Fit ,2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Agricultural Variable Rate Technology Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Agricultural Variable Rate Technology Market Dynamics
- 3.1. Agricultural Variable Rate Technology Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Rapid adoption of advanced technologies in agriculture variable rate to reduce labor cost
- 3.1.1.2. Improved efficiency and productivity through improved crop yields and field quality
- 3.1.2. Market Challenges
- 3.1.2.1. High costs of agriculture VRT equipment
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing adoption of technologically advanced equipment and tools in the agriculture industry
- 3.1.3.2. VRT services provided by leading market players in developing economies
Chapter 4. Global Agricultural Variable Rate Technology MarketIndustry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Agricultural Variable Rate Technology Market, by Offering
- 6.1. Market Snapshot
- 6.2. Global Agricultural Variable Rate Technology Market by Offering , Performance - Potential Analysis
- 6.3. Global Agricultural Variable Rate Technology Market Estimates & Forecasts by Offering 2018-2028 (USD Billion)
- 6.4. Agricultural Variable Rate Technology Market, Sub Segment Analysis
- 6.4.1. Hardware
- 6.4.2. Variable Rate Software
- 6.4.3. Variable Rate Services
Chapter 7. Global Agricultural Variable Rate Technology Market, by Type
- 7.1. Market Snapshot
- 7.2. Global Agricultural Variable Rate Technology Market by Type, Performance - Potential Analysis
- 7.3. Global Agricultural Variable Rate Technology Market Estimates & Forecasts by Type2018-2028 (USD Billion)
- 7.4. Agricultural Variable Rate Technology Market, Sub Segment Analysis
- 7.4.1. Fertilizer VRT
- 7.4.2. Crop Protection Chemical VRT
- 7.4.3. Soil Sensing
- 7.4.4. Seeding VRT
- 7.4.5. Yield Monitoring
- 7.4.6. Irrigation VRT
Chapter 8. Global Agricultural Variable Rate Technology Market, by Crop Type
- 8.1. Market Snapshot
- 8.2. Global Agricultural Variable Rate Technology Market by Crop Type, Performance - Potential Analysis
- 8.3. Global Agricultural Variable Rate Technology Market Estimates & Forecasts by Crop Type2018-2028 (USD Billion)
- 8.4. Agricultural Variable Rate Technology Market, Sub Segment Analysis
- 8.4.1. Cereals and Grains
- 8.4.2. Oilseeds & Pulses
- 8.4.3. Fruits & Vegetables
Chapter 9. Global Agricultural Variable Rate Technology Market, by Application Method
- 9.1. Market Snapshot
- 9.2. Global Agricultural Variable Rate Technology Market by Application Method , Performance - Potential Analysis
- 9.3. Global Agricultural Variable Rate Technology Market Estimates & Forecasts by Application Method 2018-2028 (USD Billion)
- 9.4. Agricultural Variable Rate Technology Market, Sub Segment Analysis
- 9.4.1. Map-based VRT
- 9.4.2. Sensor-based VRT
Chapter 10. Global Agricultural Variable Rate Technology Market, by Application Fit
- 10.1. Market Snapshot
- 10.2. Global Agricultural Variable Rate Technology Market by Application Method , Performance - Potential Analysis
- 10.3. Global Agricultural Variable Rate Technology Market Estimates & Forecasts by Application Method 2018-2028 (USD Billion)
- 10.4. Agricultural Variable Rate Technology Market, Sub Segment Analysis
- 10.4.1. Fertilizers
- 10.4.2. Crop Protection Chemicals
- 10.4.3. Other application fit
Chapter 11. Global Agricultural Variable Rate Technology Market, Regional Analysis
- 11.1. Agricultural Variable Rate Technology Market, Regional Market Snapshot
- 11.2. North America Agricultural Variable Rate Technology Market
- 11.2.1. U.S. Agricultural Variable Rate Technology Market
- 11.2.1.1. Offering breakdown estimates & forecasts, 2018-2028
- 11.2.1.2. Type breakdown estimates & forecasts, 2018-2028
- 11.2.1.3. Crop Type breakdown estimates & forecasts, 2018-2028
- 11.2.1.4. Application Method breakdown estimates & forecasts, 2018-2028
- 11.2.1.5. Application Fit breakdown estimates & forecasts, 2018-2028
- 11.2.2. Canada Agricultural Variable Rate Technology Market
- 11.3. Europe Agricultural Variable Rate Technology Market Snapshot
- 11.3.1. U.K. Agricultural Variable Rate Technology Market
- 11.3.2. Germany Agricultural Variable Rate Technology Market
- 11.3.3. France Agricultural Variable Rate Technology Market
- 11.3.4. Spain Agricultural Variable Rate Technology Market
- 11.3.5. Italy Agricultural Variable Rate Technology Market
- 11.3.6. Rest of Europe Agricultural Variable Rate Technology Market
- 11.4. Asia-Pacific Agricultural Variable Rate Technology Market Snapshot
- 11.4.1. China Agricultural Variable Rate Technology Market
- 11.4.2. India Agricultural Variable Rate Technology Market
- 11.4.3. Japan Agricultural Variable Rate Technology Market
- 11.4.4. Australia Agricultural Variable Rate Technology Market
- 11.4.5. South Korea Agricultural Variable Rate Technology Market
- 11.4.6. Rest of Asia Pacific Agricultural Variable Rate Technology Market
- 11.5. Latin America Agricultural Variable Rate Technology Market Snapshot
- 11.5.1. Brazil Agricultural Variable Rate Technology Market
- 11.5.2. Mexico Agricultural Variable Rate Technology Market
- 11.6. Rest of The World Agricultural Variable Rate Technology Market
Chapter 12. Competitive Intelligence
- 12.1. Top Market Strategies
- 12.2. Company Profiles
- 12.2.1. Deere & Company
- 12.2.1.1. Key Information
- 12.2.1.2. Overview
- 12.2.1.3. Financial (Subject to Data Availability)
- 12.2.1.4. Type Summary
- 12.2.1.5. Recent Developments
- 12.2.2. Trimble, Inc
- 12.2.3. AGCO Corporation
- 12.2.4. Topcon Corporation
- 12.2.5. CNH Industrial NV
- 12.2.6. Kubota Corporation
- 12.2.7. Yara International
- 12.2.8. SZ DJI Technology Co., Ltd.
- 12.2.9. Valmont Industries, Inc
- 12.2.10. Lindsay Corporation
Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- 13.3. Research Assumption