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Yield Monitoring System Market Trends, Share, Industry Size, Growth, Demand, Opportunities and Forecast By 2029.

Submitted by Simran4you on Fri, 06/16/2023 - 10:14

Data Bridge Market Research has unveiled a new report called "Yield Monitoring System Market" which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. The "Yield Monitoring System Market" marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.

Yield Monitoring System Market was valued at USD 2.15 billion in 2021 and is expected to reach USD 3.87 billion by 2029, registering a CAGR of 7.60% during the forecast period of 2022-2029.

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Market Definition:

Yield monitoring is a precision technique that provides farmers with information about yield productivity. The system is primarily used to track a variety of parameters such as weather, pesticides, soil qualities, and fertilizer requirements for crop production. The yield monitor is made up of a task monitor that performs multiple tasks in a yield monitoring system, including providing a visual interface for the user, storing yield data on a removable storage disk, managing sensor calibration, and diagnosing any sensor faults.

Some of the major players operating in the yield monitoring system market are

Trimble Inc (US)
AGCO Corporation. (US)
Raven Industries, Inc. (US)
Ag Leader Technology (US)
Mouser Electronics, Inc. (US)
CNH Industrial Group (UK)
Topcon (Japan)
Grains Research and Development Corporation (Australia)
SPL Technologies Pvt. Ltd. (India)
AG Leader Technology Inc. (US)
AGCO Corporation (US)
AgJunction Inc. (Canada)
AgEagle Aerial Systems, Inc. (US)
Valmont Industries Inc. (US)
Agsmart Pty Ltd (Australia)
BouMatic (US)
CROPMETRICS (US)
Trimble Inc. (US)
CropX Inc. (Israel)
Deere & Company (US)
Farmers Edge Inc. (Canada)
GEA Group Aktiengesellschaft (Germany)

Yield Monitoring System Market Scope and Market Size

The yield monitoring system market is segmented on the basis of technology, component, application, end-user and type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

Guidance System
Global Positioning System (GPS)
Global Yield Monitoring System Geographic Information System (GIS)
Handheld
Satellite
Remote Sensing System

Component

Hardware
Software
Services

Application

Variable Rate Application
Crop Scouting
Field Mapping
Others

End-User

Farmers
Agriculture Consultant
Research Bodies
Others

Type

Mass Flow Sensor
Moisture Sensor
GPS Receiver

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Yield Monitoring System Market Regional Analysis/Insights

The yield monitoring system market is analyzed and market size insights and trends are provided by country, technology, component, application, end-user and type as referenced above.

The countries covered in the yield monitoring system market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

North America dominates the yield monitoring system market because of the growing adoption of advanced technology within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because rise in the incidence of large land for agricultural activities in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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