Report Description

India Precision Agriculture Market By Technology (Guidance Systems, Remote Sensing & Variable Rate Technologies), By Component (Hardware & Software), By Application (Yield Monitoring, Field Mapping, Crop Scouting & Others), By Region, By Company, Competition, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 70
  • Industry : ICT

India precision agriculture market was valued at over $ 85 million in 2018 and is anticipated to grow at CAGR of over 10% during forecast period on account of increasing awareness related to the application of precision agriculture and need to ensure yield from limited farm size. Moreover, increasing demand for obtaining data related to the condition of crops, local weather predictions and soil is further anticipated to boost demand for precision agriculture during forecast period. However, high cost and lack of awareness about technologies and advantages are acting as major challenges for precision agriculture market in India.

India precision agriculture market can be segmented based on technology, component, application and region. On the basis of technology, the market can be segmented into remote sensing, variable rate technologies and guidance systems. Guidance systems are anticipated to witness high adoption owing to their wide application in agriculture equipment to track crops. In terms of component, the market can be bifurcated into hardware and software. Hardware segment is expected to dominate the market during forecast period owing to surging installation of sensors and cameras, among others. Moreover, increasing proliferation of precision agriculture is compelling farmers to install hardware components, thereby further bolstering the growth of this segment. Based on the application, the market can be segmented into weather tracking & forecasting, crop scouting, field mapping and yield monitoring, among others. Owing to need for timely collection of information pertaining to the crop for crop management and optimal planning, the market for yield monitoring is expected to witness significant adoption through 2024. Moreover, using internet of things, satellite imaging and big data, precision agriculture can solve the problem of low productivity and increase crop yields.

In terms of regional analysis, India precision agriculture market can be segmented into north region, south region, east region and west region. Precision agriculture market in south region is growing at a brisk rate on account of high penetration of internet and significant smartphone user base in the region. Moreover, South Indian states, such as Andhra Pradesh, Telangana and Tamil Nadu, are adopting various precision agricultural methods to boost crop yields. For instance, Trimble sold over 10,000 laser levelers in various states of India.

Major players operating in India precision agriculture market include Deere & Company, Trimble Inc., SatSure Ltd., Fasal, Aibono, AgCode, Cropin, Intello Labs, Tech Mahindra Limited, Jain Irrigation Systems Limited, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of India precision agriculture market.
  • To classify and forecast India precision agriculture market based on technology, component, application and regional distribution.
  • To identify drivers and challenges for India precision agriculture market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India precision agriculture market.
  • To conduct pricing analysis for India precision agriculture market.
  • To identify and analyze the profile of leading players operating in India precision agriculture market.

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Some of the leading players in the India precision agriculture market include Deere & Company, Trimble Inc., SatSure Ltd., Fasal, Aibono, AgCode, Cropin, Intello Labs, Tech Mahindra Limited, Jain Irrigation Systems Limited, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major service providers across the globe.

TechSci Research calculated the market size of India precision agriculture market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Electronic hardware equipment manufacturers
  • Precision farming software and solution providers
  • Agricultural equipment manufacturers
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to precision agriculture market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India precision agriculture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Component:
    • Software
    • Hardware
  • Market, By Technology:
    • Guidance Systems
      • Global Positioning Systems
      • Global Navigation Satellite Systems
      • Global Information Systems
    •  Remote Sensing
      • Hand-held
      • Satellite-based Sensing
    • Variable Rate Technologies
  • Market, By Application:
    • Yield Monitoring
    • Field Mapping
    • Crop Scouting
    • Weather Tracking & Forecasting
    • Others
  • Market, By Region:
    • North
    • South
    • East
    • West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India precision agriculture market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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