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Precision Planting Market Trends

Report ID: GMI7097
Published Date: Oct 2023
Report Format: PDF

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Precision Planting Market Trends

VRT (Variable-Rate Technology) is the practice of adjusting planting rates, seed spacing, and other parameters based on real-time data. By using precision planting technology to plant seeds according to the specific needs of each field area, farmers can optimize crop yields while minimizing input costs. This trend is being driven by the desire to maximize efficiency and sustainability as it ensures that resources, such as seeds and fertilizers, are used precisely where needed. IoT and remote monitoring can be utilized for the real-time tracking of planting operations, thereby enabling better decision-making and troubleshooting.

Automation and robotics are increasingly being integrated into precision planting systems. Autonomous planting equipment can operate without human intervention, improving efficiency and reducing labor requirements. Robots equipped with advanced sensors & actuators ensure precise seed placement, depth control, and spacing. These technologies are particularly valuable for tasks, such as planting in challenging soil conditions or hilly terrains, where precision is essential for optimal crop performance.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of precision planting was worth USD 5.2 billion in 2022 and is projected to expand at over 10.1% CAGR from 2023 to 2032, owing to increasing adoption by farmers to optimize planting processes and reduce the need for manual labor.

Precision planting market size from the electric drive segment is set to grow at over 10% CAGR from 2023 to 2032, owing to higher usage for the plantation of more seeds in areas with high yield potential and fewer seeds in less productive areas.

North America precision planting market held more than 35% revenue share in 2022 and is poised to expand at notable growth rate through 2032, attributed to the rising demand for advanced agricultural technologies to enhance crop yields and reduce resource wastage.

Some of the top precision planting companies are Ag Leader Technology, Agco Corporation, CNH Industrial, Deere & Company, Kinze Manufacturing, Topcon Positioning Systems, and Trimble Inc.