The latest report by MarkNtel Advisors, titled “South America Precision Agriculture Market Report 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, (Software, Services), (Integration & Deployment, Maintenance & Repair, Others (Data Analytics & Insights Services, Training & Consultancy Services, etc.)), Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the South America Precision Agriculture Market research report.
What is the market outlook for South America Precision Agriculture?
The South America Precision Agriculture Market size is estimated to grow at a CAGR of around 15.2% during the forecast period 2024-30.
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Major Companies Operating in the South America Precision Agriculture Industry:
Agres Sistemas Eletrônicos, 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, among others
South America Precision Agriculture Market Report Segmentation:
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
-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
By Crop Type
-Cereals & Grains
-Oil Seeds & Pulses
-Fruits & Vegetables
-Others (Herbs, Ornamental Plants, etc.)
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Regional Insights:
-Brazil
-Argentina
-Colombia
-Chile
-Peru
-Rest of South America
South America Precision Agriculture Market Driver: 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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