India Precision Agriculture Market (2020-2027): By Technology (Global Navigation Satellite System (GNSS), Global Positioning System (GPS), Variable Rate Technologies (VRT), Guidance Systems, & Remote Sensing System), By Components ([By Hardware (Drones, Automated Steering System, Sensors, & Radar) and Software (Crop Management Software, GIS, Weather Tracking, People & Financial Management, & Inventory)]), By Applications (Soil Monitoring, Crop Scouting, Field Mapping, Yield Monitoring, & Others), By Region (Eastern, Western, Northern, and Southern), Forecast, Growth & Opportunities

Report Code : AI0520PA | Publication Date : May-2020 | Report Format :

Precision agriculture also termed as site specific crop management (SSCM). In the 1980s in US Precision Agriculture Technique Evolved for farmers to make farming smart and efficient. Precision Farming attribute to an intelligent form of unified farming structure that takes advantage of modern technologies and advanced research methodologies for improving agricultural productivity. In India, the precision agriculture systems are anticipatory to witness an upsurge in the acceptance and growing awareness as they empower farmers to precisely operate fluctuation in the field, rise crop productivity, and decrease farming expenses.

According to Pheonix Research, India Precision Agriculture Market to reach $97 million in 2019 and growing at a CAGR of 12.3% during 2020-2027. The implementation of technologies like Artificial Intelligence (AI), the Internet of Things (IoT), Connected Devices, and others are transforming the old traditional methods of farming and making Indian farmers smarter. Growing awareness towards precision farming and the need to assure yields from narrow field size. Additionally, improving the need for data belongs to the current crop conditions, weather forecasts, and soil nutrition is further expected to rise demand for precision agriculture in India during 2020-27. Although, the high cost of equipment, expensive maintenance of sensors, and lack of scientific knowledge among farmers reference to technologies are the main challenges for the growth of the precision agriculture market in India.

In 2019, the contribution of the agriculture sector to India's GDP was 16.5%. The central and state government providing subsidies to farmers to buy this costly equipment, high usage of smartphones, awareness programs by agriculture-oriented companies and government departments further drive the digital farming market in India.

Key notable players in Precision Agriculture Market in India include Tech Mahindra Limited, Deere & Company, Trimble Inc., Aibono, , AgCode, SatSure Ltd., Intello Labs, Fasal, Jain Irrigation Systems Limited, and Others

India Precision Agriculture Market is segmented By Technology, By Component, By Application, By Region 2020-2027" has figured out the subsequent growth probability of the Precision Agriculture Market on India and provides current statistics & intelligence on market trends, size, share, structure, and future insights. Additionally, the study also classifies and interprets the rising trends inclusive of fundamental growth drivers, restraints, and new opportunities in the India Digital Farming Market.

Market Segmentation
By Technology
   • Global Navigation Satellite System (GNSS)
   • Global Positioning System (GPS)
   • Variable Rate Technologies (VRT)
   • Guidance Systems
   • Remote Sensing System

By Components
   • By Hardware
      Automated Steering System

   • Software
      Crop Management Software
      Weather Tracking
      People & Financial Management

By Applications
   • Soil Monitoring
   • Crop Scouting
   • Field Mapping
   • Yield Monitoring
   • Others

By Region
   • Eastern
   • Western
   • Northern
   • Southern

Competitive Landscape

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