Lewes, DE -- (SBWIRE) -- 12/17/2015 -- Report forecast the global precision agriculture market to grow at a CAGR of 14.43% over the period 2014-2019.

The area of arable land has been declining and has limited the food production potential. Farmers are facing the pressure of maximizing production within these limitations and are pursuing progressive techniques to make their farmlands more efficient. Precision agriculture techniques aid in managing farm lands more effectively, thereby increasing food production in a sustainable manner.

Farmers have always strived to mitigate the costs associated with inputs and increase yields; this goal is achieved through precision farming. Agriculture machine manufacturers are investing in R&D to produce more efficient presicion farming equipment.

This report covers the present scenario and the growth prospects of the global precision agriculture market for 2014-2019.

To calculate the market size, the report considers the revenue generated from sales of the following precision farming products:

- Automation and control systems
- Sensing and monitoring devices
- Farm management systems

According to the report, with the growing global population, demand for food is risingbut the size of arable land is decreasing. Farmers are thus facing the pressure of maximizing production within these limitations and are seeking out progressive techniques to make their farmlands more efficient. These factors combined are expected to drive the popularity of precision farming technologies in the market because they allow more effective management of farmland and thus increase production in a sustainable manner.

Further, the report states that farm income is a major determinant of the adoption of precision farming services. The farm income in the US has been almost stagnant in the last couple of years. With the reduction in bulk commodity prices of grains and feeds and an increase in fertilizer and seed prices, farmers are faced with pressure on their margin.

Global Precision Agriculture Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, Latin America, MEA, and North America; it also covers the landscape of the global precision agriculture market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

key players in the Global Precision Agriculture Market: AGCO, AgJunction, Ag Leader, Deere & Co and Trimble Navigation

Other Prominent Vendors in the market are: CNH Industrial, Derr Equipment, DICKEY-John, Monsanto, MTS Systems, Raven Industries, Site-Specific Technology, and TeeJet.

Key regions:
- APAC
- Europe
- Latin America
- MEA
- North America

Key market driver:
- Growing awareness and acceptance
- For a full, detailed list, view our report

Key market challenge:
- High initial investment
- For a full, detailed list, view our report

Key market trend:
- Shift toward sustainable agriculture
- For a full, detailed list, view our report

Key questions answered in this report:
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 76 pages and 40 Exhibit "Global Precision Agriculture Market 2015-2019" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Global agriculture: an overview, Precision farming: an overview, Applications of precision farming, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Other prominent vendors, Key vendor analysis, Appendix.

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