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Report
North America Agricultural Variable Rate Technology Market
Market Report I 2024-07-01 I 250 Pages I Data Bridge Market Research
North America agriculture variable rate technology market is expected to reach USD 4,205,825.28 thousand by 2031 from USD 1,584,756.53 thousand in 2023, growing with a CAGR of 13.2% in the forecast period of 2024 to 2031.
Market Segmentation:
North America 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. and Canada)- Industry Trends and Forecast to 2031
Overview of North America Agricultural Variable Rate Technology Market Dynamics :
Driver
- Growing 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 North America agriculture variable rate technology market are listed below:
- Deere & Company
- Trimble Inc
- Lindsay Corporation.
- Valmont Industries Inc
- CaroVail, Inc
- Raven
- industries INC
- , Droned Deploy,
- EOS Data Analytics,Inc
- AgJunction LLC
- TeeJet Technologies
- Falcon Soil Technologies
- AgReliant Genetics, LLC.
- VRTSolutions
- 4AgTech LLC.
- Climate LLC.
- Crop Quest, Inc.
- Farmers Edge Inc.
- Trimble Inc.
- Deere & Company.
- Raven Industries, Inc.
- Shivrai Technologies Pvt. Ltd.
1 INTRODUCTION 69
1.1 OBJECTIVES OF THE STUDY 69
1.2 MARKET DEFINITION 69
1.3 OVERVIEW OF THE NORTH AMERICA AGRICULTURE VARIABLE TECHNOLOGY 69
1.4 CURRENCY AND PRICING 71
1.5 LIMITATIONS 71
1.6 MARKETS COVERED 71
2 MARKET SEGMENTATION 77
2.1 MARKETS COVERED 77
2.2 GEOGRAPHICAL SCOPE 78
2.3 YEARS CONSIDERED FOR THE STUDY 79
2.4 DBMR TRIPOD DATA VALIDATION MODEL 80
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 83
2.6 DBMR MARKET POSITION GRID 84
2.7 VENDOR SHARE ANALYSIS 86
2.8 MULTIVARIATE MODELING 87
2.9 OFFERING TIMELINE CURVE 87
2.10 MARKET APPLICATION COVERAGE GRID 88
2.11 SECONDARY SOURCES 89
2.12 ASSUMPTIONS 89
3 EXECUTIVE SUMMARY 90
4 PREMIUM INSIGHTS 95
4.1 PORTER'S FIVE FORCES 96
4.2 IMPORT AND EXPORT SHIPMENTS 97
4.2.1 GPS RECEIVERS AND GNSS SYSTEMS: 97
4.2.2 AUTO-STEER SYSTEMS: 97
4.2.3 INERTIAL NAVIGATION SYSTEMS (INS): 97
4.2.4 TELEMATICS AND CONNECTIVITY DEVICES: 97
4.3 CONSUMER BUYING BEHAVIOUR PATTERN 98
4.4 COMPANY COMPARATIVE ANALYSIS 100
4.5 CASE STUDY 102
4.6 TECHNOLOGICAL TRENDS 105
4.7 PRICING ANALYSIS 106
4.8 DEVICE LIFETIME 107
4.9 REGULATORY STANDARDS 109
5 MARKET OVERVIEW 111
5.1 DRIVERS 113
5.1.1 GROWING NORTH AMERICA POPULATION AND FOOD DEMAND ARE FUELLING THE ADOPTION OF VRT 113
5.1.2 INCREASE IN USAGE OF DRONE IN AGRICULTURE SECTOR 114
5.1.3 IMPROVEMENT IN THE QUANTITY AND QUALITY OF YIELD AND LABOR COST REDUCTION 115
5.2 RESTRAINT 116
5.2.1 CYBER SECURITY CONCERNS REGARDING SMART AGRICULTURE TECHNOLOGY 116
5.3 OPPORTUNITIES 117
5.3.1 ADVANCEMENT IN TECHNOLOGY DEVELOPMENT IN VRT 117
5.3.2 GOVERNMENT SUPPORT AND INITIATIVE FOR PROMOTING SUSTAINABLE AGRICULTURE 118
5.3.3 COLLABORATION AND PARTNERSHIP AMONG MARKET PLAYERS 119
5.4 CHALLENGES 120
5.4.1 HIGH INITIAL INVESTMENT COST FOR IMPLEMENTING VRT SYSTEMS 120
5.4.2 LACK OF AWARENESS AMONG FARMERS 120
6 NORTH AMERICA AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY OFFERING 122
6.1 OVERVIEW 123
6.2 HARDWARE 124
6.2.1 GPS/DGPS AND GIS DEVICES 125
6.2.2 SENSORS 125
6.2.2.1 SOIL SENSOR 126
6.2.2.2 MOISTURE SENSOR 126
6.2.2.3 NUTRIENT SENSOR 126
6.2.2.4 OTHERS 126
6.2.3 HANDHELD COMPUTERS & DISPLAYS 126
6.2.4 FLOW AND APPLICATION CONTROL DEVICES 126
6.2.5 GUIDANCE & STEERING SYSTEMS 127
6.2.6 OTHERS 127
6.3 SOFTWARE 127
6.4 SERVICES 128
6.4.1 INTEGRATION AND CONSULTING SERVICE 129
6.4.2 FARM OPERATION SERVICE 129
7 NORTH AMERICA AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY APPLICATION 130
7.1 OVERVIEW 131
7.2 FERTILIZER VRT 133
7.2.1 SPECIALITY FERTILIZER 134
7.2.1.1 SPECIALITY COMPOUNDS 135
7.2.1.1.1 NITROGEN COMPOUND 136
7.2.1.1.1.1 UAN VRT 136
7.2.1.1.1.2 UREA VRT 136
7.2.1.1.1.3 NH3 VRT 136
7.2.1.1.1.4 OTHERS 136
7.2.1.1.2 PHOSPHOROUS COMPOUND 137
7.2.1.1.3 POTASSIUM COMPOUND 137
7.2.1.2 WATER SOLUBLE FERTILIZER 137
7.2.1.3 MICRONUTRIENT 137
7.2.1.3.1 CHELATED MICRONUTRIENT 137
7.2.1.3.2 NON CHELATED MICRONUTRIENT 138
7.2.1.4 ENHANCED EFFICIENCY FERTILIZER 138
7.2.1.4.1 NITROGEN STABILIZERS 138
7.2.1.4.2 SLOW AND CONTROL RELEASE 138
7.2.1.4.3 OTHERS 138
7.2.1.5 OTHERS 138
7.2.2 LIQUID FERTILIZER 139
7.2.3 ORGANIC FERTILIZER 139
7.2.3.1 PLANT BASED ORGANIC FERTILIZER 139
7.2.3.2 ANIMAL BASED ORGANIC FERTILIZER 139
7.3 SEEDING VRT 140
7.4 CROP PROTECTION CHEMICAL VRT 141
7.4.1 HERBICIDE 142
7.4.2 FUNGICIDE & BACTERICIDES 142
7.4.3 INSEC12TICIDES 142
7.4.4 NEMATICIDES 142
7.4.5 OTHERS 142
7.5 IRRIGATION VRT 143
7.6 YIELD MONITORING 144
7.7 OTHERS 145
8 NORTH AMERICA AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY TYPE 146
8.1 OVERVIEW 147
8.2 MAP-BASED VRT 148
8.3 SENSOR-BASED VRT 149
8.3.1 OPTICAL SENSOR 150
8.3.2 SATELLITE BASED VRT 150
8.3.3 DRONE BASED VRT 150
8.3.4 OTHERS 150
9 NORTH AMERICA AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY FARM SIZE 151
9.1 OVERVIEW 152
9.2 LARGE FARM 153
9.3 MID-SIZED FARM 154
9.4 SMALL FARM 155
10 NORTH AMERICA AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY CROP TYPE 156
10.1 OVERVIEW 157
10.2 CEREALS & GRAINS 158
10.2.1 CORN 159
10.2.2 WHEAT 159
10.2.3 OTHERS 159
10.3 FRUITS AND VEGETABLE 160
10.4 OILSEED & PULSES 161
10.4.1 PALM 162
10.4.2 SOYABEAN 162
10.4.3 COTTON 162
10.4.4 OTHERS 162
10.5 OTHERS 163
11 NORTH AMERICA AGRICULTURE VARIABLE RATE TECHNOLOGY MARKET, BY REGION 164
11.1 NORTH AMERICA 166
11.1.1 U.S. 174
11.1.2 CANADA 182
12 NORTH AMERICA AGRICULTURE VARIABLE TECHNOLOGY MARKET, COMPANY LANDSCAPE 190
12.1 COMPANY SHARE ANALYSIS: NORTH AMERICA
13 SWOT ANALYSIS 191
14 COMPANY PROFILE 192
14.1 KUBOTA CORPORATION 192
14.1.1 COMPANY SNAPSHOT 192
14.1.2 REVENUE ANALYSIS 193
14.1.3 COMPANY SHARE ANALYSIS 193
14.1.4 PRODUCT PORTFOLIO 193
14.1.5 RECENT DEVELOPMENT 194
14.2 DEERE & COMPANY 195
14.2.1 COMPANY SNAPSHOT 195
14.2.2 REVENUE ANALYSIS 195
14.2.3 COMPANY SHARE ANALYSIS 196
14.2.4 PRODUCT PORTFOLIO 196
14.2.5 RECENT DEVELOPMENTS 198
14.3 FRONTIER AGRICULTURE LTD 201
14.3.1 COMPANY SNAPSHOT 201
14.3.2 COMPANY SHARE ANALYSIS 201
14.3.3 SERVICES PORTFOLIO 202
14.3.4 RECENT DEVELOPMENTS 202
14.4 VALMONT INDUSTRIES, INC. 203
14.4.1 COMPANY SNAPSHOT 203
14.4.2 REVENUE ANALYSIS 203
14.4.3 COMPANY SHARE ANALYSIS 204
14.4.4 PRODUCT PORTFOLIO 204
14.4.5 RECENT DEVELOPMENTS 205
14.5 HEXAGON AB 206
14.5.1 COMPANY SNAPSHOT 206
14.5.2 REVENUE ANALYSIS 206
14.5.3 COMPANY SHARE ANALYSIS 207
14.5.4 SOLUTION PORTFOLIO 207
14.5.5 RECENT DEVELOPMENTS 207
14.6 4AGTECH LLC 210
14.6.1 COMPANY SNAPSHOT 210
14.6.2 PRODUCT PORTFOLIO 210
14.6.3 RECENT DEVELOPMENTS 211
14.7 AGJUNCTION INC. 212
14.7.1 COMPANY SNAPSHOT 212
14.7.2 PRODUCT PORTFOLIO 212
14.7.3 RECENT DEVELOPMENT 212
14.8 AGRELIANT GENETICS, LLC 213
14.8.1 COMPANY SNAPSHOT 213
14.8.2 PRODUCT PORTFOLIO 213
14.8.3 RECENT DEVELOPMENTS 213
14.9 AGRIVI 214
14.9.1 COMPANY SNAPSHOT 214
14.9.2 PRODUCT PORTFOLIO 214
14.9.3 RECENT DEVELOPMENT 214
14.10 CAROVAIL, INC. 215
14.10.1 COMPANY SNAPSHOT 215
14.10.2 PRODUCT PORTFOLIO 215
14.10.3 RECENT DEVELOPMENT 215
14.11 CLIMATE LLC 216
14.11.1 COMPANY SNAPSHOT 216
14.11.2 SOLUTION PORTFOLIO 216
14.11.3 RECENT DEVELOPMENTS 216
14.12 CROP QUEST, INC. 218
14.12.1 COMPANY SNAPSHOT 218
14.12.2 SERVICES PORTFOLIO 218
14.12.3 RECENT DEVELOPMENTS 220
14.13 CROPIN TECHNOLOGY SOLUTIONS PRIVATE LIMITED 221
14.13.1 COMPANY SNAPSHOT 221
14.13.2 SOLUTION PORTFOLIO 221
14.13.3 RECENT DEVELOPMENT 221
14.14 DRONE DEPLOY 222
14.14.1 COMPANY SNAPSHOT 222
14.14.2 PRODUCT PORTFOLIO 222
14.14.3 RECENT DEVELOPMENT 222
14.15 EOS DATA ANALYTICS,INC. 223
14.15.1 COMPANY SNAPSHOT 223
14.15.2 PRODUCT PORTFOLIO 223
14.15.3 RECENT DEVELOPMENT 224
14.16 FALCON SOIL TECHNOLOGIES 225
14.16.1 COMPANY SNAPSHOT 225
14.16.2 PRODUCT PORTFOLIO 225
14.16.3 RECENT DEVELOPMENTS 225
14.17 LINDSAY CORPORATION. 226
14.17.1 COMPANY SNAPSHOT 226
14.17.2 REVENUE ANALYSIS 226
14.17.3 BRAND PORTFOLIO 227
14.17.4 1.2.4 RECENT DEVELOPMENT 227
14.18 RAVEN INDUSTRIES, INC 228
14.18.1 COMPANY SNAPSHOT 228
14.18.2 SOLUTION PORTFOLIO 228
14.18.3 RECENT DEVOLPMENT 229
14.19 SENSOTERRA 230
14.19.1 COMPANY SNAPSHOT 230
14.19.2 PRODUCT PORTFOLIO 230
14.19.3 RECENT DEVELOPMENT 231
14.20 TARANIS 232
14.20.1 COMPANY SNAPSHOT 232
14.20.2 PRODUCT PORTFOLIO 232
14.20.3 RECENT DEVELOPMENTS 232
14.21 TEEJET TECHNOLOGIES 234
14.21.1 COMPANY SNAPSHOT 234
14.21.2 PRODUCT PORTFOLIO 234
14.21.3 RECENT DEVELOPMENT 236
14.22 TOPCON 237
14.22.1 COMPANY SNAPSHOT 237
14.22.2 REVENUE ANALYSIS 237
14.22.3 PRODUCT PORTFOLIO 238
14.22.4 1.1.4 RECENT DEVELOPMENT 239
14.23 TRIMBLE INC. 240
14.23.1 COMPANY SNAPSHOT 240
14.23.2 REVENUE ANALYSIS 240
14.23.3 SOLUTION PORTFOLIO 241
14.23.4 RECENT DEVELOPMENTS 241
14.24 VRT SOLUTIONS 243
14.24.1 COMPANY SNAPSHOT 243
14.24.2 PRODUCT PORTFOLIO 243
14.24.3 RECENT DEVELOPMENTS 243
14.25 YARA 244
14.25.1 COMPANY SNAPSHOT 244
14.25.2 REVENUE ANALYSIS 244
14.25.3 SOLUTION PORTFOLIO 245
14.25.4 RECENT DEVELOPMENT 245
15 QUESTIONNAIRE 247
16 RELATED REPORTS 250
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