Precision Farming is also known as site-specific crop management (SSCM) and satellite farming. This is an advanced farming technique that utilizes several technologies such as GPS, GIS, and remote sensing to collect crucial field related information, which is further analyzed to support grower’s decisions with regard to crop fertilizing, planting and harvesting.
Global Precision Farming Market is majorly segmented by technology, offering, and application. By technology, the market is segmented as Guidance System, Remote Sensing, and Variable-Rate Technology. Under this, guidance technology is expected to hold highest market share in the forecast period due to the increasing adoption of GPS-based guidance technology by farmers and growers around the globe is the major factor propelling the demand for this technology. The market is segmented by offerings, which includes Hardware, Software, and Services. The Precision Farming are also segmented by applications, which include Yield Monitoring, Crop Scouting, Field Mapping, Irrigation Management, Weather Tracking & Forecasting, Inventory Management, Farm Labour Management, Financial Management, and Others.