NEW YORK, Sept. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “2022 Agricultural Variable Rate Technologies Global Market Report” – https://www.reportlinker.com/p06316988/?utm_source= GNW
Kubota Corporation, Lindsay Corporation, Ageagle Aerial Systems and Hexagon.
The global agricultural variable rate technology market is expected to grow from USD 3.06 billion in 2021 to USD 3.47 billion in 2022 at a compound annual growth rate (CAGR) of 13.5%. The agricultural variable rate technology market is expected to grow at a CAGR of 15.8% to USD 6.25 billion in 2026.
The agricultural variable rate technology market consists of entities (organizations, individual traders, and partnerships) selling agricultural variable rate technology, and refers to the technology branch related to automation applications, mainly focusing on automation applications in agriculture. Agricultural data is generated by sensors, maps and GPS collection.
Used for spraying fertilizers, chemicals and seeding, these agricultural variable rate technologies help manage crop production.
The main types of agricultural variable technology are soil sensing variable technology, fertilizer variable technology, seeding variable technology, crop protection chemical variable technology, yield monitoring variable technology and irrigation variable technology. Sensor-based variability techniques do not use maps at all, but instead install sensors that measure soil properties or crop characteristics in real time.
The crops used in agricultural variable rate technology are grains and grains, oilseeds and pulses, fruits and vegetables, and can be used for fertilizers, crop protection chemicals, soil sensing, yield monitoring, irrigation on large farms, small farms, medium farms.
North America is the largest region for the agricultural variable rate technology market in 2021. The regions covered in the Agricultural Variable Rate Technology Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Agricultural Variable Rate Technology Market research report is one of a series of new reports that provide statistics on the Agricultural Variable Rate Technology market, including the Agricultural Variable Rate Technology industry global market size, regional share, competition with the Agricultural Variable Rate Technology market share Competitors, detailed Agricultural Variable Rate Technology segments, market trends and opportunities, and any further data that may be needed to thrive in the Agricultural Variable Rate Technology industry. This Agricultural Variable Rate Technology Market research report provides a complete perspective of everything you need and an in-depth analysis of the current and future scenarios of the industry.
Increasing government spending and policy making in the agricultural sector is contributing significantly to the growth of the agricultural variable rate technology market. Agricultural variable rate technology refers to a technology field that focuses on agricultural automation applications.
Using technology in agriculture will reduce labor costs by 80%. The use of drones to spray pesticides is the latest agricultural technology, and it has many other applications in agriculture as well.
For example, in January 2022, the Indian government announced a 100% subsidy for drones worth Rs 10 lakh, a scheme aimed at boosting the use of drones in agriculture and reducing the labor burden on farmer Krishi Vigyan Kendras. Training for farmers has also begun. The government has set aside an emergency fund of Rs 6,000 per hectare for the hiring of drones from the Customised Recruitment Centre (CHC). Hence, the increase in government policies and spending on agricultural technology contributes to the growth of the agricultural variable rate technology market.
Technological advancements are shaping the agricultural variable rate technology market. Major companies operating in the agricultural variable rate technology market segment are committed to developing new technological solutions to strengthen their positions.
For example, in February 2021, Chinese agricultural machinery manufacturer Jifei launched the Jifei P40 agricultural drone, a new generation of agricultural drones designed for small farmers. Jifei P40 can support 20L smart liquid tanks and cover 15 hectares per hour. Land, the second model is called the AG P80.
The agricultural drone is designed for large areas, the drone can carry 40 kg and can cover up to 20 hectares of land in 1 hour. This helps protect the land from weeds, pests and diseases, and this new product launch can help medium and large farmers solve the problem of rural labor shortages.
In November 2021, CNH Industrial, a UK company that designs, manufactures and sells agricultural technology products, was acquired by Raven Industries for an undisclosed sum. With this acquisition, Raven Industries will become part of CNH Industrial and work under the CNH Industrial umbrella.
The acquisition will add strong innovation capabilities that will help accelerate digital strategies. Raven is a U.S.-based manufacturer of precision agriculture space and technology agricultural products
The countries covered in the Agricultural Variable Rate Technology Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.
Read the full report: https://www.reportlinker.com/p06316988/?utm_source=GNW
About the Report Linker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need right away in one place.