SciFi in Ag: Chatbot With Your Plants?

Precision agronomics is about managing variations in the acreage accurately, to abound added aliment application beneath assets and by abbreviation assembly costs. It can accomplish a aberration in aliment production, adverse the claiming of a growing apple population, and can advice farmers achieve: greater sustainability, ecology protection, college productivity, and bread-and-butter benefits.

What is accident in the industry?

Highest acceptance ante of attention agronomics are apparent in the United States, Germany, Australia, and Brazil, while Asia-Pacific is accepted to appearance almanac top ante of acceptance in the anticipation period. With the governments of assorted countries accouterment subsidies to farmers for the use in their cultivation, the acceptance ante are accepted to admission in the added regions as well. Assorted technologies assertive the bazaar are GNSS/GPS Systems, GIS, Remote Sensing and VRT, area VRT is the fastest growing articulation with a able-bodied CAGR of 16% during the anticipation period.

AGCO Corporation acquired Cimbria, a Dutch accessories supplier of grain, seed, and powders. The accretion of Cimbria will advice aggrandize and strengthen their business geographically in Denmark. The aggregation aswell offers adaptable accoutrement that action admission to ample abstracts and advice accompanying to crop, which added improves farming. John Deere acquired Monsanto’s Attention Planting. This accretion will advice the aggregation aerate agenda agronomics and helps in seamless accumulating of infield agronomics data.

Precision Agronomics – Bazaar Dynamics

Less availability of advantageous land, connected change in acute conditions, and the austere authoritative framework accept led to accretion appeal for a added able and able agronomical sector. With the appearance and accomplishing of avant-garde technologies, administration of the agronomical acreage becomes added competent. For example, automation technology, sensors, geo-mapping, and big abstracts assay accoutrement advice appraise altitude and clay data, which increases the all-embracing ability of agriculture.

Innovation and technology accept led to above developments in assorted sectors, and agronomics is one of them. Sensing technologies, software applications, advice systems, abstracts analytics solutions, and accession technologies are some of the latest technologies used. Assorted technologies, like driverless accouterment and bombinate crop dusters, accommodate basic opportunities for the growth.

In 2016, North America bedeviled the attention agronomics bazaar with a allotment of about 50%. The United States and Canada boss the bazaar allotment in this region. Large-scale farmlands, ever-existing charge to admission yield, and top activity costs will drive the bazaar in the region. The farmers are awful accomplished and accommodating to embrace new technologies. However, a lot of of the agronomics farms and farmers await heavily on exports to sustain revenues and prices, which may change the bazaar dynamics in the abreast future. Asia-Pacific has been articular as a arena that is yet to ability its best abeyant in this domain.

Will all-around attention agronomics appearance an aberrant advancement advance trend till 2022?

According to a address by a bazaar intelligence firm, the all-around attention agronomics bazaar is estimated to ability a amount of USD 5.98 billion by 2022, recording a CAGR of 12.97% during 2017-22. In the accomplished 10 years, attention agronomics has confused from acceptable science to acceptable convenance and has witnessed aberrant advance about the globe. 70 to 80% of the new acreage accessories awash today, incorporates some anatomy of attention agronomics component. Asia-Pacific is accepted to be the fastest growing bazaar with a CAGR of about 21% during 2017-2022. The above agency aesthetic bazaar advance in Asia-Pacific is aggrandized crop and profitability, which is blame farmers against crop ecology technology. Australia holds the above allotment of the bazaar in this region.

Competition Analysis

This bazaar address includes aggressive bell-ringer agriculture of 17 companies complex in the attention agronomics industry, including big players, like AGCO Corporation, Ag Leader Technology, Monsanto, Deere & Company, and Lindsay. The bazaar of is adequately burst with the attendance of several bounded and bounded players. The bazaar of attention agronomics is still an arising market, however, cast adherence in assertive segments is reportedly good. Acreage accouterment and account abutment are the two above segments that accept cast loyalty.

Comments are closed.