This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: The precision agriculture market to achieve € 9.5 billion worldwide by 2028
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Business > The precision agriculture market to achieve € 9.5 billion worldwide by 2028
Business

The precision agriculture market to achieve € 9.5 billion worldwide by 2028

Editorial Board Published January 11, 2025
Share
The precision agriculture market to achieve € 9.5 billion worldwide by 2028
SHARE

In response to a brand new analysis report from the IoT analyst agency Berg Perception, the worldwide marketplace for precision agriculture options is forecasted to develop from € 5.5 billion in 2023 at a compound annual progress price (CAGR) of 11.6 % to achieve about € 9.5 billion in 2028.

A set of applied sciences are utilized in precision farming practices, that are geared toward managing variations within the subject to maximise yield, elevate productiveness and cut back consumption of agricultural inputs.

Whereas options equivalent to auto-guidance and machine monitoring and management through on-board shows right this moment are mainstream applied sciences within the agricultural business, farm gear telematics options and variable price expertise are usually not but extensively adopted. Interoperability between options stays a problem, though initiatives to offer frequent protocols and language construction for information sharing are progressing.

Main suppliers of precision applied sciences embody Deere & Firm, AGCO through its three way partnership with Trimble, CNH Industrial with its Raven Industries subsidiary, Topcon Positioning Techniques and Hexagon. These corporations present complete portfolios of options for precision farming operations.

graphic: nstalled base of active wireless iot devices in agricultural production world 2023-2028

The agricultural drone market has lately emerged as a quickly rising space in precision farming. The market is led by DJI with an put in base of greater than 300,000 agricultural drones. The marketplace for in-field sensor methods will be divided into three segments: environmental monitoring, pest monitoring and water administration.

Semios (Almanac) is the most important vendor within the house with an put in base of over 500,000 sensor nodes, adopted by Pessl Devices and Davis Devices with estimated put in bases of round 80,000 and 50,000 gadgets respectively. Extra gamers embody Sencrop and Campbell Scientific with put in bases of 36,000 and 25,000 climate stations respectively. Distant in-field monitoring resolution suppliers with round 20,000 linked gadgets embody as an illustration CropX, Weenat, Trapview and WiseConn. There’s additionally an extended tail of smaller sensor system deployments by regional distributors worldwide.

“Today, autonomy is an increasingly important part of OEMs’ business strategies within agriculture”, stated Veronika Barta, IoT analyst at Berg Perception.

Recognised by main resolution suppliers, autonomous expertise permits farming operations to perform extra every day with fewer inputs. For instance, Deere & Firm goals to ship a totally autonomous battery-powered electrical tractor by 2026. Equally, AGCO has an ambition to have a full line of autonomous options for each stage of the crop cycle by 2030.

“While drone technology is the most advanced segment in terms of autonomy, more and more autonomous agricultural equipment are on the rise”, continued Ms Barta.

In June 2024, Kubota unveiled the AgriRobo mix harvester that would harvest rice and wheat with out a individual working it. In September 2024, Lely launched Juno Max, an autonomous feed pusher for large-scale dairy cow farms that’s designed to push feed in a number of barns and feeding alleys.

Ms Barta concluded:

“Even though autonomy in agriculture is in the early stages of maturity, it will play a significant role in the future of farming.”

TAGGED:agriculturebillionmarketPrecisionreachworldwide
Share This Article
Twitter Email Copy Link Print
Previous Article Harriette Cole: My good friend bought caught dishonest on a take a look at and is making an attempt in charge me Harriette Cole: My good friend bought caught dishonest on a take a look at and is making an attempt in charge me
Next Article Fetterman says he plans to fulfill with Trump  Fetterman says he plans to fulfill with Trump 

Editor's Pick

Kirill Dmitriev’s Vision: The Russia-Alaska Tunnel as a Geostrategic Imperative

Kirill Dmitriev’s Vision: The Russia-Alaska Tunnel as a Geostrategic Imperative

Executive Summary: A Strategic Announcement In a landmark social media post dated October 16, Kirill Dmitriev, Chief Executive Officer of…

By Editorial Board 6 Min Read
10 Upcoming Sneaker Drops You Can’t Miss This October | Fashion
10 Upcoming Sneaker Drops You Can’t Miss This October | Fashion

We independently consider all beneficial services and products. Any services or products…

7 Min Read
The 2025 Denim Playbook: The Finest Denims and Manufacturers for Each Type | Fashion
The 2025 Denim Playbook: The Finest Denims and Manufacturers for Each Type | Fashion

We independently consider all advisable services. Any services or products put ahead…

6 Min Read

Oponion

Gasoline costs hit 4-year low forward of Memorial Day weekend

Gasoline costs hit 4-year low forward of Memorial Day weekend

U.S. Vitality Secretary Chris Wright discusses Japan's plans to extend…

May 22, 2025

This phrase was reportedly an excessive amount of even for Trump’s heinous NYC rally

Donald Trump's disastrously racist rally at…

October 29, 2024

Elon Musk Sells $8.5 Billion of Tesla Shares After Deal to Buy Twitter

Elon Musk sold roughly $8.5 billion…

April 29, 2022

American Workers Are Burned Out, and Bosses Are Struggling to Respond

In the first 10 months of…

December 21, 2021

Prime Senate Intel Democrat ‘flabbergasted’ by elimination of GOP Home Intelligence chair

Sen. Mark Warner (D-Va.), the vice…

January 16, 2025

You Might Also Like

FundRelis Restora Brings Accountability to the Wild West of Online Scams
BusinessTrending

FundRelis Restora Brings Accountability to the Wild West of Online Scams

Zurich, Switzerland — In a financial era defined by digital innovation and unregulated trading, a quiet revolution is taking shape inside…

5 Min Read
Russia for Business: Experts Who Help Drive Decisions
BusinessTrending

Russia for Business: Experts Who Help Drive Decisions

Amid sanctions and the restructuring of global supply chains, understanding the logic behind Russia’s actions has become a practical necessity…

4 Min Read
The Quiet Shift in America’s Workforce: Why Side Hustles Are Becoming Essential for Women Over 40
BusinessTrending

The Quiet Shift in America’s Workforce: Why Side Hustles Are Becoming Essential for Women Over 40

Across the nation, a quiet but powerful workforce shift is underway. Increasingly, women over 40 are seeking side hustles to…

4 Min Read
Thales Reinforces its Management in eSIM and IoT Connectivity with a ‘Ready to Use’ Licensed Resolution
Business

Thales Reinforces its Management in eSIM and IoT Connectivity with a ‘Ready to Use’ Licensed Resolution

At a time when billions of linked objects are reshaping industries, Thales has achieved a vital safety certification for its…

4 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?