Crop Monitoring Technology in Precision Farming Market Share

Market Share of Crop Monitoring Technology in Precision Farming Industry

Market penetration remains fairly moderate and is estimated to grow considerably during the forecast period. A study on the current competitive scenario revealed that more than 50% of the market players relied on strategic acquisitions or R&D collaboration, while other firms focused on expanding product portfolios, to tackle the increasing levels of market penetration. Some key players in the market areAGCO Corporation, AG Junction Inc., John Deere, Dickey-john Corporation, Teejet Technologies Illinois LLC, Raven Industries Inc., Lindsay Corporation, Monsanto Company, Valmont Industries Inc., Yara International ASA, Topcon Precision Agriculture, Trimble Navigation Limited, E.I.Du Pont De Nemours andCompany (Dupont), Land O'lakes Inc., and BASF SE, among others.

• April 2019: Yara International partnered with IBM to combine world-class agronomy and cutting edge technology to develop a digital farming platform which will help farmers worldwide to increase food production.
• June 2018:AGJunction announced the opening of the HandsFreeFarm.com online store, with the aim to bring low-cost, simple-to-use precision agriculture solutions directly to all farmers.

Crop Monitoring Technology in Precision Farming Market Leaders

1. Deere & Company

2. AGCO Corporation

3. AG Junction Inc.

4. Topcon Precision Agriculture

5. Monsanto Company

*Disclaimer: Major Players sorted in no particular order