MarkNtel Advisors recently published a report, titled, ” South America Precision Agriculture Market South America Precision Agriculture Market Report – By Offering (Hardware, (Automation & Control System, (GPS/GNSS System, Guidance & Steering System, Flow & Application Rate Control Solutions, Handheld Computers/Mobile devices, Agriculture Cameras, Others (Variable Rate Technology (VRT) Devices, Automated Planting Systems, etc.)), Sensing & Monitoring, (Yield Monitors, Remote Sensing Systems, GPS Mapping & Satellite Imagery, Others (Environmental Monitoring Devices, Precision Irrigation Sensors, etc.). As per as the report The South America Precision Agriculture Market is estimated to grow at a CAGR of around 15.2% during the forecast period, i.e., 2024-30.
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South America Precision Agriculture Market Challenge:
High Cost Associated with Initial Investment in Technology to Hinder the Market Growth – The adoption of precision agriculture technology entails a notable initial setup cost driven by the installation of costly machinery. The sophisticated nature of precision farming tools, including GPS guidance systems, sensors, and drones, contributes to the high upfront investment. Also, integrating these technologies into existing farming operations often necessitates infrastructure upgrades and specialized equipment, further adding to the total expense.
Additionally, costs associated with data collection, analysis software, and training for farm personnel contribute significantly to the initial financial outlay. Thus, owing to the high initial setup costs of precision farming tools, farmers become skeptical about the adoption of these technologies. Further, the small & marginal farm-holders often face budget constraints in adopting these cutting-edge expensive technologies, which, in turn, is leading to their restricted adoption, thus limiting the growth potential of the South America Precision Agriculture Market.
Leading Companies in South America Precision Agriculture Market:
Agres Sistemas Eletrônicos, AGCO Corporation, BASF SE, Bayer AG, Deere & Company, Leica Geosystem AG, Farmers Edge Inc., Raven Industries, Inc., Topcon Corporation, Trimble Inc., Yara International ASA, TeeJet Technologies, among others.
South America Precision Agriculture Market Segmentation:
By Offering
-Hardware- Market Size & Forecast 2019-2030, (USD Million)
-Automation & Control System- Market Size & Forecast 2019-2030, (USD Million)
-GPS/GNSS System- Market Size & Forecast 2019-2030, (USD Million)
-Guidance & Steering System- Market Size & Forecast 2019-2030, (USD Million)
-Flow & Application Rate Control Solutions- Market Size & Forecast 2019-2030, (USD Million)
-Handheld Computers/Mobile devices- Market Size & Forecast 2019-2030, (USD Million)
-Agriculture Cameras- Market Size & Forecast 2019-2030, (USD Million)
-Others (Variable Rate Technology (VRT) Devices, Automated Planting Systems, etc.) – Market Size & Forecast 2019-2030, (USD Million)
-Sensing & Monitoring- Market Size & Forecast 2019-2030, (USD Million)
-Yield Monitors- Market Size & Forecast 2019-2030, (USD Million)
-Remote Sensing Systems- Market Size & Forecast 2019-2030, (USD Million)
-GPS Mapping & Satellite Imagery
-Others (Environmental Monitoring Devices, Precision Irrigation Sensors, etc.)- Market Size & Forecast 2019-2030, (USD Million)
-UAVs & Drones
Software- Market Size & Forecast 2019-2030, (USD Million)
-Services- Market Size & Forecast 2019-2030, (USD Million)
-Integration & Deployment- Market Size & Forecast 2019-2030, (USD Million)
-Maintenance & Repair- Market Size & Forecast 2019-2030, (USD Million)
-Others (Data Analytics & Insights Services, Training & Consultancy Services, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By Application
-Precision Irrigation- Market Size & Forecast 2019-2030, (USD Million)
-Yield Monitoring- Market Size & Forecast 2019-2030, (USD Million)
-Precision Spraying- Market Size & Forecast 2019-2030, (USD Million)
-Targeted Pesticide Spraying
-Precision Fertilization- Market Size & Forecast 2019-2030, (USD Million)
-Precision Planting- Market Size & Forecast 2019-2030, (USD Million)
-Optimization of Planting Lines
-Data Management- Market Size & Forecast 2019-2030, (USD Million)
-Others
-Nematode Mapping
-Weed Mapping
-Others
By Crop Type
-Cereals & Grains- Market Size & Forecast 2019-2030, (USD Million)
-Oil Seeds & Pulses- Market Size & Forecast 2019-2030, (USD Million)
-Fruits & Vegetables- Market Size & Forecast 2019-2030, (USD Million)
-Others (Herbs, Ornamental Plants, etc.)- Market Size & Forecast 2019-2030, (USD Million)
Get Full Access Of South America Precision Agriculture Market Report : https://www.marknteladvisors.com/research-library/south-america-precision-agriculture-market.html
By Country
-Brazil
-Argentina
-Colombia
-Chile
-Peru
-Rest of South America.
Key questions answered in the South America Precision Agriculture Market are:
- What is South America Precision Agriculture Market?
- What was the market size in 2023?
- What is the growth rate of the South America Precision Agriculture Market?
- Which are the factors expected to drive the market growth?
- What are the different segments of the South America Precision Agriculture Market?
- What segments are covered in the Market?
- Who are the key players in the South America Precision Agriculture Market?
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