The
precision farming market is growing with a considerable rate due to augmented
yield and profitability of the agriculture industry. The growing population and
government assistance to farmers are other factors responsible for the growth
of the global precision farming market.
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Penetration
of broadband and mobile technologies and unmanned aerial vehicles (UAV)
applications are some of the factors providing ample opportunities to the
precision farming market to grow in the coming years.
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Precision
farming is used to make farming more effective and informative by enabling
enhanced decisions about several outlooks of crop production. Precision farming
helps the farmers in evaluating the right amount of pesticides and fertilizers
needed for enhanced yield production, and the right time to plant and harvest
their crops through informative measures. The information assists in cutting down
fuel usage, input costs and labor, and removes the environmental impact. The
recent innovations in precision farming have further helped the farmers to
increase their farming efficiency.
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On
the basis of technology, the precision farming market can be categorized as
variable rate technology (VRT), remote sensing, and guidance systems. Variable
rate technology includes variable rate pesticide, variable rate fertilizer, and
variable rate seeding. Remote sensing includes satellite and handheld; and
guidance systems include geographic information system, global positioning
system, global navigation satellite system (GNSS), and geographic information
system (GIS).
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