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Report
Global Agricultural Variable Rate Technology Market
Market Report I 2024-07-01 I 707 Pages I Data Bridge Market Research
Global agriculture variable rate technology market is expected to reach USD 12,200,201.84 thousand by 2031 from USD 4,628,377.72 thousand in 2023, growing with a CAGR of 13.1% in the forecast period of 2024 to 2031.
Market Segmentation:
Global Agricultural Variable Rate Technology Market, By Offering (Hardware, Software, and Services), Application (Fertilizer VRT, Seeding VRT, Crop Protection Chemical VRT, Irrigation VRT, Yield Monitoring, and Others), Type (Map-Based VRT and Sensor Based VRT), Farm Size (Large Farm, Mid-Sized Farm, and Small Farm) Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseed & Pulses, and Others), By Countries (U.S., Canada, Italy, France, Germany, Spain, Poland, Netherlands, Romania, Denmark, Belgium, Greece, Hungary, Portugal, Ireland, Austria, Czechia, Sweden, Bulgaria, Finland, Croatia, Lithuania, Slovakia, Latvia, Slovenia, Cyprus, Estonia, Luxembourg, Malta and Non-EU Europe, China, Australia, Japan, South Korea, India, New Zealand, Taiwan, Singapore, Malaysia, Thailand, Vietnam, Indonesia, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, Mexico, and Rest of Latin America, Saudi Arabia, South Africa, Egypt, Bahrain, Oman, Israel, Kuwait, Qatar, U.A.E., rest of Middle East and Africa)- Industry Trends and Forecast to 2031
Overview of Global Agricultural Variable Rate Technology Market Dynamics :
Driver
- Growing global population and food demand are fuelling the adoption of Vrt
Restraint
- cyber security concerns regarding smart agriculture technology
Opportunity
- Advancement in technology development in Vrt
Challenge
- High initial investment cost for implementing Vrt systems
Market Players:
The key market players operating in the global agriculture variable rate technology market are listed below:
- Deere & Company
- Trimble Inc
- Topcon
- KUBOTA Corporation.,
- Yara, Sensoterra ,
- Lindsay Corporation.
- Valmont Industries, Inc.,
- Hexagon AB,
- CaroVail, Inc.,
- Raven
- industries INC,
- Cropin technology solution private ltd,
- AGRIVI, Taranis
- Droned Deploy,
- EOS Data Analytics,Inc. ,
- AgJunction LLC,
- TeeJet Technologies,
- Falcon Soil Technologies ,
- AgReliant Genetics, LLC.
- VRTSolutions,
- 4AgTech LLC.,
- Climate LLC. ,
- Crop Quest, Inc.
- FRONTIER AGRICULTURE LTD .
1 INTRODUCTION 71
1.1 OBJECTIVES OF THE STUDY 71
1.2 MARKET DEFINITION 71
1.3 OVERVIEW OF THE GLOBAL AGRICULTURE VARIABLE TECHNOLOGY 71
1.4 CURRENCY AND PRICING 73
1.5 LIMITATIONS 73
1.6 MARKETS COVERED 73
2 MARKET SEGMENTATION 79
2.1 MARKETS COVERED 79
2.2 GEOGRAPHICAL SCOPE 80
2.3 YEARS CONSIDERED FOR THE STUDY 81
2.4 DBMR TRIPOD DATA VALIDATION MODEL 82
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 85
2.6 DBMR MARKET POSITION GRID 86
2.7 VENDOR SHARE ANALYSIS 88
2.8 MULTIVARIATE MODELING 89
2.9 OFFERING TIMELINE CURVE 89
2.10 MARKET APPLICATION COVERAGE GRID 90
2.11 SECONDARY SOURCES 91
2.12 ASSUMPTIONS 91
3 EXECUTIVE SUMMARY 92
4 PREMIUM INSIGHTS 97
4.1 PORTER'S FIVE FORCES 100
4.2 IMPORT AND EXPORT SHIPMENTS 101
4.2.1 GPS RECEIVERS AND GNSS SYSTEMS: 101
4.2.2 AUTO-STEER SYSTEMS: 101
4.2.3 INERTIAL NAVIGATION SYSTEMS (INS): 101
4.2.4 TELEMATICS AND CONNECTIVITY DEVICES: 101
4.3 CONSUMER BUYING BEHAVIOUR PATTERN 102
4.4 COMPANY COMPARATIVE ANALYSIS 104
4.5 CASE STUDY 106
4.6 TECHNOLOGICAL TRENDS 109
4.7 PRICING ANALYSIS 110
4.8 DEVICE LIFETIME 111
4.9 REGULATORY STANDARDS 113
5 MARKET OVERVIEW 115
5.1 DRIVERS 117
5.1.1 GROWING GLOBAL POPULATION AND FOOD DEMAND ARE FUELLING THE ADOPTION OF VRT 117
5.1.2 INCREASE IN USAGE OF DRONE IN AGRICULTURE SECTOR 118
5.1.3 IMPROVEMENT IN THE QUANTITY AND QUALITY OF YIELD AND LABOR COST REDUCTION 119
5.2 RESTRAINT 120
5.2.1 CYBER SECURITY CONCERNS REGARDING SMART AGRICULTURE TECHNOLOGY 120
5.3 OPPORTUNITIES 121
5.3.1 ADVANCEMENT IN TECHNOLOGY DEVELOPMENT IN VRT 121
5.3.2 GOVERNMENT SUPPORT AND INITIATIVE FOR PROMOTING SUSTAINABLE AGRICULTURE 122
5.3.3 COLLABORATION AND PARTNERSHIP AMONG MARKET PLAYERS 123
5.4 CHALLENGES 124
5.4.1 HIGH INITIAL INVESTMENT COST FOR IMPLEMENTING VRT SYSTEMS 124
5.4.2 LACK OF AWARENESS AMONG FARMERS 124
6 GLOBAL AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY OFFERING 126
6.1 OVERVIEW 127
6.2 HARDWARE 128
6.2.1 GPS/DGPS AND GIS DEVICES 129
6.2.2 SENSORS 129
6.2.2.1 SOIL SENSOR 130
6.2.2.2 MOISTURE SENSOR 130
6.2.2.3 NUTRIENT SENSOR 130
6.2.2.4 OTHERS 130
6.2.3 HANDHELD COMPUTERS & DISPLAYS 130
6.2.4 FLOW AND APPLICATION CONTROL DEVICES 130
6.2.5 GUIDANCE & STEERING SYSTEMS 131
6.2.6 OTHERS 131
6.3 SOFTWARE 131
6.4 SERVICES 132
6.4.1 INTEGRATION AND CONSULTING SERVICE 133
6.4.2 FARM OPERATION SERVICE 133
7 GLOBAL AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY APPLICATION 134
7.1 OVERVIEW 135
7.2 FERTILIZER VRT 137
7.2.1 SPECIALITY FERTILIZER 138
7.2.1.1 SPECIALITY COMPOUNDS 139
7.2.1.1.1 NITROGEN COMPOUND 140
7.2.1.1.1.1 UAN VRT 140
7.2.1.1.1.2 UREA VRT 140
7.2.1.1.1.3 NH3 VRT 140
7.2.1.1.1.4 OTHERS 140
7.2.1.1.2 PHOSPHOROUS COMPOUND 141
7.2.1.1.3 POTASSIUM COMPOUND 141
7.2.1.2 WATER SOLUBLE FERTILIZER 141
7.2.1.3 MICRONUTRIENT 141
7.2.1.3.1 CHELATED MICRONUTRIENT 141
7.2.1.3.2 NON CHELATED MICRONUTRIENT 142
7.2.1.4 ENHANCED EFFICIENCY FERTILIZER 142
7.2.1.4.1 NITROGEN STABILIZERS 142
7.2.1.4.2 SLOW AND CONTROL RELEASE 142
7.2.1.4.3 OTHERS 142
7.2.1.5 OTHERS 142
7.2.2 LIQUID FERTILIZER 143
7.2.3 ORGANIC FERTILIZER 143
7.2.3.1 PLANT BASED ORGANIC FERTILIZER 143
7.2.3.2 ANIMAL BASED ORGANIC FERTILIZER 143
7.3 SEEDING VRT 144
7.4 CROP PROTECTION CHEMICAL VRT 145
7.4.1 HERBICIDE 146
7.4.2 FUNGICIDE & BACTERICIDES 146
7.4.3 INSEC12TICIDES 146
7.4.4 NEMATICIDES 146
7.4.5 OTHERS 146
7.5 IRRIGATION VRT 147
7.6 YIELD MONITORING 148
7.7 OTHERS 149
8 GLOBAL AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY TYPE 150
8.1 OVERVIEW 151
8.2 MAP-BASED VRT 152
8.3 SENSOR-BASED VRT 153
8.3.1 OPTICAL SENSOR 154
8.3.2 SATELLITE BASED VRT 154
8.3.3 DRONE BASED VRT 154
8.3.4 OTHERS 154
9 GLOBAL AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY FARM SIZE 155
9.1 OVERVIEW 156
9.2 LARGE FARM 157
9.3 MID-SIZED FARM 158
9.4 SMALL FARM 159
10 GLOBAL AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY CROP TYPE 160
10.1 OVERVIEW 161
10.2 CEREALS & GRAINS 162
10.2.1 CORN 163
10.2.2 WHEAT 163
10.2.3 OTHERS 163
10.3 FRUITS AND VEGETABLE 164
10.4 OILSEED & PULSES 165
10.4.1 PALM 166
10.4.2 SOYABEAN 166
10.4.3 COTTON 166
10.4.4 OTHERS 166
10.5 OTHERS 167
11 GLOBAL AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY REGION 168
11.1 OVERVIEW 169
11.2 NORTH AMERICA 172
11.2.1 U.S. 180
11.2.2 CANADA 188
11.3 EUROPE 196
11.3.1 ITALY 206
11.3.2 FRANCE 214
11.3.3 GERMANY 222
11.3.4 SPAIN 230
11.3.5 POLAND 238
11.3.6 NETHERLANDS 246
11.3.7 ROMANIA 254
11.3.8 DENMARK 262
11.3.9 BELGIUM 270
11.3.10 GREECE 278
11.3.11 HUNGARY 286
11.3.12 PORTUGAL 294
11.3.13 IRELAND 302
11.3.14 AUSTRIA 310
11.3.15 CZECHIA 317
11.3.16 SWEDEN 324
11.3.17 BULGARIA 331
11.3.18 FINLAND 338
11.3.19 CROATIA 345
11.3.20 LITHUANIA 352
11.3.21 SLOVAKIA 359
11.3.22 LATIVA 366
11.3.23 SLOVENIA 373
11.3.24 CYPRUS 380
11.3.25 ESTONIA 387
11.3.26 LUXEMBOURG 394
11.3.27 MALTA 400
11.3.28 NON-EU EUROPE 406
11.4 ASIA-PACIFIC 415
11.4.1 CHINA 426
11.4.2 AUSTRALIA 435
11.4.3 JAPAN 444
11.4.4 SOUTH KOREA 453
11.4.5 INDIA 462
11.4.6 NEW ZEALAND 471
11.4.7 TAIWAN 480
11.4.8 SINGAPORE 489
11.4.9 MALAYSIA 498
11.4.10 THAILAND 506
11.4.11 VIETNAM 513
11.4.12 INDONESIA 520
11.4.13 PHILIPPINES 528
11.4.14 REST OF ASIA-PACIFIC 535
11.5 LATIN AMERICA 536
11.5.1 BRAZIL 546
11.5.2 ARGENTINA 555
11.5.3 MEXICO 563
11.5.4 REST OF LATIN AMERICA 571
11.6 MIDDLE EAST AND AFRICA 572
11.6.1 SAUDI ARABIA 580
11.6.2 SOUTH AFRICA 587
11.6.3 EGYPT 594
11.6.4 BAHRAIN 601
11.6.5 OMAN 608
11.6.6 ISRAEL 615
11.6.7 KUWAIT 622
11.6.8 QATAR 629
11.6.9 U.A.E 636
11.6.10 REST OF MIDDLE EAST AND AFRICA 643
12 GLOBAL AGRICULTURE VARIABLE TECHNOLOGY MARKET, COMPANY LANDSCAPE 644
12.1 COMPANY SHARE ANALYSIS: GLOBAL 644
12.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 645
12.3 COMPANY SHARE ANALYSIS: EUROPE 646
12.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 647
13 SWOT ANALYSIS 648
14 COMPANY PROFILE 649
14.1 KUBOTA CORPORATION 649
14.1.1 COMPANY SNAPSHOT 649
14.1.2 REVENUE ANALYSIS 650
14.1.3 COMPANY SHARE ANALYSIS 650
14.1.4 PRODUCT PORTFOLIO 650
14.1.5 RECENT DEVELOPMENT 651
14.2 DEERE & COMPANY 652
14.2.1 COMPANY SNAPSHOT 652
14.2.2 REVENUE ANALYSIS 652
14.2.3 COMPANY SHARE ANALYSIS 653
14.2.4 PRODUCT PORTFOLIO 653
14.2.5 RECENT DEVELOPMENTS 655
14.3 FRONTIER AGRICULTURE LTD 658
14.3.1 COMPANY SNAPSHOT 658
14.3.2 COMPANY SHARE ANALYSIS 658
14.3.3 SERVICES PORTFOLIO 659
14.3.4 RECENT DEVELOPMENTS 659
14.4 VALMONT INDUSTRIES, INC. 660
14.4.1 COMPANY SNAPSHOT 660
14.4.2 REVENUE ANALYSIS 660
14.4.3 COMPANY SHARE ANALYSIS 661
14.4.4 PRODUCT PORTFOLIO 661
14.4.5 RECENT DEVELOPMENTS 662
14.5 HEXAGON AB 663
14.5.1 COMPANY SNAPSHOT 663
14.5.2 REVENUE ANALYSIS 663
14.5.3 COMPANY SHARE ANALYSIS 664
14.5.4 SOLUTION PORTFOLIO 664
14.5.5 RECENT DEVELOPMENTS 664
14.6 4AGTECH LLC 667
14.6.1 COMPANY SNAPSHOT 667
14.6.2 PRODUCT PORTFOLIO 667
14.6.3 RECENT DEVELOPMENTS 668
14.7 AGJUNCTION INC. 669
14.7.1 COMPANY SNAPSHOT 669
14.7.2 PRODUCT PORTFOLIO 669
14.7.3 RECENT DEVELOPMENT 669
14.8 AGRELIANT GENETICS, LLC 670
14.8.1 COMPANY SNAPSHOT 670
14.8.2 PRODUCT PORTFOLIO 670
14.8.3 RECENT DEVELOPMENTS 670
14.9 AGRIVI 671
14.9.1 COMPANY SNAPSHOT 671
14.9.2 PRODUCT PORTFOLIO 671
14.9.3 RECENT DEVELOPMENT 671
14.10 CAROVAIL, INC. 672
14.10.1 COMPANY SNAPSHOT 672
14.10.2 PRODUCT PORTFOLIO 672
14.10.3 RECENT DEVELOPMENT 672
14.11 CLIMATE LLC 673
14.11.1 COMPANY SNAPSHOT 673
14.11.2 SOLUTION PORTFOLIO 673
14.11.3 RECENT DEVELOPMENTS 673
14.12 CROP QUEST, INC. 675
14.12.1 COMPANY SNAPSHOT 675
14.12.2 SERVICES PORTFOLIO 675
14.12.3 RECENT DEVELOPMENTS 677
14.13 CROPIN TECHNOLOGY SOLUTIONS PRIVATE LIMITED 678
14.13.1 COMPANY SNAPSHOT 678
14.13.2 SOLUTION PORTFOLIO 678
14.13.3 RECENT DEVELOPMENT 678
14.14 DRONE DEPLOY 679
14.14.1 COMPANY SNAPSHOT 679
14.14.2 PRODUCT PORTFOLIO 679
14.14.3 RECENT DEVELOPMENT 679
14.15 EOS DATA ANALYTICS,INC. 680
14.15.1 COMPANY SNAPSHOT 680
14.15.2 PRODUCT PORTFOLIO 680
14.15.3 RECENT DEVELOPMENT 681
14.16 FALCON SOIL TECHNOLOGIES 682
14.16.1 COMPANY SNAPSHOT 682
14.16.2 PRODUCT PORTFOLIO 682
14.16.3 RECENT DEVELOPMENTS 682
14.17 LINDSAY CORPORATION. 683
14.17.1 COMPANY SNAPSHOT 683
14.17.2 REVENUE ANALYSIS 683
14.17.3 BRAND PORTFOLIO 684
14.17.4 1.2.4 RECENT DEVELOPMENT 684
14.18 RAVEN INDUSTRIES, INC 685
14.18.1 COMPANY SNAPSHOT 685
14.18.2 SOLUTION PORTFOLIO 685
14.18.3 RECENT DEVOLPMENT 686
14.19 SENSOTERRA 687
14.19.1 COMPANY SNAPSHOT 687
14.19.2 PRODUCT PORTFOLIO 687
14.19.3 RECENT DEVELOPMENT 688
14.20 TARANIS 689
14.20.1 COMPANY SNAPSHOT 689
14.20.2 PRODUCT PORTFOLIO 689
14.20.3 RECENT DEVELOPMENTS 689
14.21 TEEJET TECHNOLOGIES 691
14.21.1 COMPANY SNAPSHOT 691
14.21.2 PRODUCT PORTFOLIO 691
14.21.3 RECENT DEVELOPMENT 693
14.22 TOPCON 694
14.22.1 COMPANY SNAPSHOT 694
14.22.2 REVENUE ANALYSIS 694
14.22.3 PRODUCT PORTFOLIO 695
14.22.4 1.1.4 RECENT DEVELOPMENT 696
14.23 TRIMBLE INC. 697
14.23.1 COMPANY SNAPSHOT 697
14.23.2 REVENUE ANALYSIS 697
14.23.3 SOLUTION PORTFOLIO 698
14.23.4 RECENT DEVELOPMENTS 698
14.24 VRT SOLUTIONS 700
14.24.1 COMPANY SNAPSHOT 700
14.24.2 PRODUCT PORTFOLIO 700
14.24.3 RECENT DEVELOPMENTS 700
14.25 YARA 701
14.25.1 COMPANY SNAPSHOT 701
14.25.2 REVENUE ANALYSIS 701
14.25.3 SOLUTION PORTFOLIO 702
14.25.4 RECENT DEVELOPMENT 702
15 QUESTIONNAIRE 704
16 RELATED REPORTS 707
14.21.2 PRODUCT PORTFOLIO 691
14.21.3 RECENT DEVELOPMENT 693
14.22 TOPCON 694
14.22.1 COMPANY SNAPSHOT 694
14.22.2 REVENUE ANALYSIS 694
14.22.3 PRODUCT PORTFOLIO 695
14.22.4 1.1.4 RECENT DEVELOPMENT 696
14.23 TRIMBLE INC. 697
14.23.1 COMPANY SNAPSHOT 697
14.23.2 REVENUE ANALYSIS 697
14.23.3 SOLUTION PORTFOLIO 698
14.23.4 RECENT DEVELOPMENTS 698
14.24 VRT SOLUTIONS 700
14.24.1 COMPANY SNAPSHOT 700
14.24.2 PRODUCT PORTFOLIO 700
14.24.3 RECENT DEVELOPMENTS 700
14.25 YARA 701
14.25.1 COMPANY SNAPSHOT 701
14.25.2 REVENUE ANALYSIS 701
14.25.3 SOLUTION PORTFOLIO 702
14.25.4 RECENT DEVELOPMENT 702
15 QUESTIONNAIRE 704
16 RELATED REPORTS 707
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