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Precision Farming Market (GPS/GNSS, GIS, Remote Sensing & VRT) Worth $3,721.27 Billion by 2018 - New Report by MarketsandMarkets
Date:11/13/2013

(PRWEB) November 13, 2013

According to a new market research report "Precision Farming Market by Technology (GPS/GNSS, GIS, Remote Sensing & VRT), Components (Automation & Control, Sensors, FMS), Applications (Yield Monitoring, VRA, Mapping, Soil Monitoring, Scouting) - Global Forecast & Analysis (2013 - 2018)" published by MarketsandMarkets, the overall Global precision farming market will be worth $3,721.27 billion by 2018, at an estimated CAGR of 13.36%.

Browse 94 market data tables and 64 figures spread through 327 pages and in-depth TOC on "Precision Farming Market".
http://www.marketsandmarkets.com/Market-Reports/precision-farming-market-1243.html

Early buyers will receive 10% customization on this report.

The ever increasing global food demands and environmental issues have plagued the countries across the globe; there are growing concerns to tackle both the issues, simultaneously. In this challenging situation, precision farming presents a way ahead by offering increasing yields, and at the same time, reducing the wastage and environmental degradation. Precision farming is a technology based in-field management system that optimizes the overall farming practices and input resources. The major drivers for the global market are profitability & enhancement in the yields, government assistance, energy & cost saving, and the growing agro industry. The restraints for the growth of this market are high initial investments, and lack of technical know-how. The UAV (Unmanned Aerial Vehicle) and penetration by broadband and mobile technologies are the key opportunities in this market.

The global market covers the entire industry on the basis of technology, hardware & software component, application, and geograp
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