Global Farm Variable Rate Technologies (VRT) Market 2018-2022

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Overview of the farm variable rate technologies market

Technavio’s market research analysts have predicted that the farm variable rate technologies market will register a CAGR of more than 11% by 2022. According to this market research and analysis, the rapidly increasing number of vendors offering VRT system will be one of the key factors fueling the market’s growth during the next few years. VRT offers a wide range of advantages for crop monitoring owing to the use of various tools including sensors, cameras, drones, and others. This has encouraged players to launch innovative VRT software and systems. For instance, companies such as Cropmetrics, RML AgTech, and Farmers Edge Precision Consulting are offering VRT systems for different purposes ranging from irrigation management to data management as well as enhancement of soil nutrients and productivity. As a result, with more vendors developing VRT solutions to meet the modern farming requirements, the VRT market is expected to witness continuous growth in the forthcoming years.

With the growing need for food meeting the environmental and ethical standards, vendors in the precision farming technologies market are focusing on offering precision farming technologies allowing farmers in optimum utilization of the inputs such as seeding, crop protection, irrigation, and fertilizing required for crop production. The introduction of variable rate precision agriculture equipment helps the farmers to gain minute details about the soil type and the required nutritional value. According to our farm VRT industry research analysis, the increased use of precision agriculture techniques will be one of the major trends gaining traction in the farm VRT systems market during the next few years.

Companies covered

With the presence of a considerable number of VRT manufacturers, this market appears to be moderately fragmented. By providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies, this market research report on the farm variable rate technologies market will help clients identify new growth opportunities and design unique growth strategies.

This research report provides an analysis of various companies in this market including –

• Ag Leader
• AGCO
• AgJunction
• Deere and Company
• Raven Industries
• Trimble

Segmentation by technology and analysis of the farm variable rate technologies market

• Map-based VRT
• Sensor-based VRT

The map-based VRT technology segment accounted for the largest VRT technology market share during 2017. According to this precision farming market research report, the segment will account the maximum VRT technology market size throughout the forecast period.

Segmentation by geography and analysis of the farm variable rate technologies market

• Americas
• APAC
• EMEA

Our analysts have estimated that during 2017, the Americas accounted for the maximum growth of the farm VRT market. According to the precision farming technologies market research report, this region will account for the maximum growth of this market during the next few years as well.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global farm variable rate technologies market?
• What are the key market trends impacting the growth of the global farm variable rate technologies market?
• What are the challenges to market growth?
• Who are the key vendors in the global farm variable rate technologies market?
• What are the market opportunities and threats faced by the vendors in the global farm variable rate technologies market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global farm variable rate technologies market?

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