MarkNtel Advisors recently published a detailed industry analysis of the South America Precision Agriculture Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
South America Precision Agriculture Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
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. The market growth imputes to the increasing adoption of advanced and cutting-edge technologies in farming systems across the region. With the continued surge in population, the need for food crops to ensure global food security is rising exponentially.
What are the major Driver the South America Precision Agriculture industry?
Growing Demand for Sustainable Agriculture Practices to Drive Market Growth – The heightened global awareness of environmental issues, such as climate change and biodiversity loss, is prompting farmers across the region to seek eco-friendly farming practices. The regulatory pressures & certification requirements for sustainability standards, particularly in food & agriculture markets, incentivize farmers to implement sustainable practices in South America.
Besides, consumer preferences for ethically produced & environmentally friendly products, such as organic fruits, vegetables, and grains, are driving market demand for sustainably grown crops. Consequently, government bodies across the region are focusing on the development & implementation of technologically advanced farming solutions for producing sustainable products.
Thus, continued initiatives of the governments of South American countries to boost their GDP health by including sustainable agriculture practices are anticipated to boost the revenue growth of South America Precision Agriculture Market size during 2024-30.
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What segments define the South America Precision Agriculture market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
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.)
- UAVs & Drones
- Automation & Control System
- Software
- Services
- Integration & Deployment
- Maintenance & Repair
- Others (Data Analytics & Insights Services, Training & Consultancy Services, etc.)
By Application
- Precision Irrigation
- Yield Monitoring
- Precision Spraying
- Targeted Pesticide Spraying
- Precision Fertilization
- Precision Planting
- Optimization of Planting Lines
- Data Management
- Others
- Nematode Mapping
- Weed Mapping
- Others
According to report, The demand for precision agriculture solutions is substantial in Precision Planting across South America due to its potential to mitigate the impact of constant floods in the region.
By Crop Type
- Cereals & Grains
- Oil Seeds & Pulses
- Fruits & Vegetables
- Others (Herbs, Ornamental Plants, etc.)
According to report, The Cereals & Grains, such as corn, wheat, and soybeans, constitute a significant portion of the region’s agricultural output, making them primary targets for precision farming adoption.
Explore the Complete South America Precision Agriculture Market Analysis Report – https://www.marknteladvisors.com/research-library/south-america-precision-agriculture-market.html
Geographical Analysis: South America Precision Agriculture Market
- Brazil
- Argentina
- Colombia
- Chile
- Peru
- Rest of South America
South America Precision Agriculture Market Share & Competitive Landscape:
The South America Precision Agriculture Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the South America Precision Agriculture Market are:
- Agres Sistemas Eletrônicos SA
- 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
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South America Precision Agriculture Industry Recent Development:
- 2023: BASF SE launched a new xarvio Agro Experts program in Brazil to increase the use of digital farming technologies in the country.
Questions Addressed in this Study
- What factors are driving the South America Precision Agriculture Market growth?
- How is the South America Precision Agriculture Market expected to grow over the next five years?
- What are the key insights into the current trends in the South America Precision Agriculture Market?
- What is the current size of the South America Precision Agriculture Market, and how is it projected to change in the future?
- What is the future outlook for the South America Precision Agriculture Market in terms of technological advancements and market expansion?
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