Global Precision Agriculture Systems market will reach 6946 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/22

The global precision agriculture system market is witnessing a significant growth during the projected period. Increasing investment in the research and development activities by the key players that allows them to develop both hardware and software for the precision agriculture is creating a positive influence on the growth of the global precision agriculture system market.

Some of the technologies such as nanotechnology, telematics, and robotics are helping farmers to use technologies in farming to increase the agriculture output and make better decisions. This led to drive the growth of the market in the near future.  Additionally, other factors such as increasing adoption of smartphones, booming population, and increasing trend of cloud technologies are expected to propel the growth of the precision agriculture system market in the years to come.

The main factor that hampers the growth of the global precision agriculture system market is a lack of technical knowledge among farmers and a high cost of capital investment.

Another report added by the QY Research in its database titled, “Global Precision Agriculture Systems Market 2018 History, Overviews, Demand and Forecast 2025,” for the forecasted period of 8-years, i.e. between 2017 and 2025, expanding with a healthy CAGR of 11.9% during the projected period.

According to this report the global precision agriculture system market is anticipated to touch a valuation at US$ 6946 Mn by the end of 2025 from US$ 2826 Mn in the year 2017. QY Research’s expert team of analysts have identified the increasing advantages of the precision agriculture system that assists in the growing investment in precision agriculture systems market. 

Click to view the full report:
https://www.qyresearch.com/index/detail/645133/global-precision-agriculture-systems-market
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-86655165
Contact:press@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.