Israel precision farming market is
expected to grow at a significant CAGR in the forecast period. The demand for
precision farming is gaining momentum owing to the need for optimum crop
production by efficiently utilizing the available resources. The rise in the
labor cost required for farming due to the shortage of skilled labor force is
the driving factor for the growth of the precision farming market in the
forecast period. The adoption of mechanization and technology to obtain maximum
production from farming is paving the way for the precision farming market
growth. The presence of kibbutz community in Israel is an agricultural
community and shares the land and other resources to tackle challenges that
occurred during the agricultural production process. Major technology companies
are present in Israel including Microsoft, Google, Amazon, among others and the
quality education provided to Israel people is increasing their knowledge to
surge the volume production from the agricultural fields. Residents are fully
trained during the arming training and learn technical skills along with other
skills to upscale the production from the fields. The initiative started by the
government with the Israel Innovative Institute, Ministry of Economy, Ministry
of Agricultural and Rural Development called GrowingIL which aims to develop
the Israeli ecosystem and reshape the agriculture technology to meet up the
global standard by the implementation of the groundbreaking technology.
Israel precision farming market is
segmented into component, technology, application, regional distribution, and
company. Based on technology, the market can be divided into guidance system,
remote sensing, and variable rate technology. The guidance system technology
segment is expected to witness substantial growth in the forecast period,
2022-2026. Guidance system technology consists of components GPS/GNSS, DGPS
receiver, antenna, controller, handheld devices and display, data logger
device, among others. Farmers use this technology to reduce the superimposition
of tractors and the equipment pass thereby saving fuel and time and increasing
the production volume.
The major players operating on the
precision farming market are Taranis Israel, Prospera
Technologies Ltd., CropX Technologies, PickApp Farming Ltd., Metzer Group, Roots
Sustainable Agricultural Technologies Ltd., Haifa Group, Netafim Ltd, Tevatronic,
Saturas Israel, and others. Major companies are developing advanced
technologies and launching new services to stay competitive in the market.
Other competitive strategies include mergers & acquisitions and new service
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the
- To analyze and estimate the market size of Israel
precision farming market from 2016 to 2019.
- To estimate and forecast the market size of Israel
precision farming market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast Israel precision
farming market based on component, technology, application, regional
distribution, and company.
- To identify dominant region or segment in the Israel
precision farming market.
- To identify drivers and challenges for Israel precision
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Israel
precision farming market.
- To identify and analyze the profile of leading
players operating in Israel precision farming market.
- To identify key sustainable strategies adopted
by market players in Israel precision farming market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers 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 manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Israel Precision Farming 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:
- Precision Farming service
- Market research and
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to precision farming market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
In this report, Israel precision
farming market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Israel Precision Farming Market, By Component:
- Automation and Control Systems
- Sensing & Monitoring Devices
- System Integration & Consulting
- Maintenance & Support
- Professional & Managed Services
- Israel Precision Farming Market, By Technology:
- Guidance System
- Remote Sensing
- Variable Rate Technology
- Israel Precision Farming Market, By Application:
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Weather Tracking
- Irrigation Management
- Farm Labour Management
- Israel Precision Farming Market, By Region:
- The Mediterranean Coastal Plain
- The Central Hills
- The Jordan Rift Valley
- The Negev Desert
Company Profiles: Detailed analysis of the major
companies present in Israel precision farming market.
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:
Israel precision farming market
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- Detailed analysis and
profiling of additional market players (up to five).