Report: Precision Farming To Value $4 Billion By 2018
Research and Markets has announced the addition of the “Precision Farming for Crop Protection 2015” report to their offering.
The global market for precision farming technologies is forecast to reach a value of nearly $4 billion by 2018 at an estimated CAGR of over 13%.
Precision agriculture tackles the variability inherent in farming systems to improve productivity and profitability and to reduce risks and environmental impact. It involves the application of information and communications technology software and hardware to farming. Integrated systems cycle through data collection, its use in decision-support models and enterprise management, operations, and analysis and evaluation.
To date, commercial applications of precision agriculture have been strongly biased towards crop nutrition, based on mapping of soil types, crop yield and variable rate fertilizer application. However, precision farming technologies for crop protection are being taken-up on farms and are the focus of this report.
The development and implementation of precision farming has been made possible by GPS (and other satellite systems) and geographic information systems (GIS). These technologies enable data collected in real-time to be linked with accurate position information.
Remote sensing is the detection and/or identification of an object(s) or landscape without direct contact. Operations may be conducted at various altitudes, e.g. by satellites, aircraft or drones. Common forms include colour and infrared aerial photography, satellite imaging and radar sensing. UAVs or drones offer the potential for rapid assessment and high-resolution imagery. Remote sensing can be used to create images and maps.
- Control of diseases
- Control of insects and other pests
- Control of weeds
- Crop protection majors
- Engineering, IT, navigation and other companies
- Universities and research institutes
- Bayer CropSciences
- Dow agrosciences
- Farmers’ Edge
- Raven Industries
- TeeJet Technologies
- Topcon Precision Agriculture
- Trimble Navigation
- Ursula Agriculture
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