Europe Agricultural Variable Rate Technology Market
Europe agriculture variable rate technology market is expected to reach USD 3,487,046.75 thousand by 2031 from USD 1,349,634.94 thousand in 2023, growing with a CAGR of 12.8% in the forecast period of 2024 to 2031.
Market Segmentation:
Europe Agricultural Variable Rate Technology Market, By Offering (Hardware, Software, and Services), Application (Fertilizer VRT, Seeding VRT, Crop Protection Chemical VRT, Irrigation VRT, Yield Monitoring, and Others), Type (Map-Based VRT and Sensor Based VRT), Farm Size (Large Farm, Mid-Sized Farm, and Small Farm) Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseed & Pulses, and Others), By Countries (Italy, France, Germany, Spain, Poland, Netherlands, Romania, Denmark, Belgium, Greece, Hungary, Portugal, Ireland, Austria, Czechia, Sweden, Bulgaria, Finland, Croatia, Lithuania, Slovakia, Latvia, Slovenia, Cyprus, Estonia, Luxembourg, Malta and Non-EU Europe)- Industry Trends and Forecast to 2031
Overview of Europe Agricultural Variable Rate Technology Market Dynamics :
Driver
• Growing population and food demand are fuelling the adoption of Vrt
Restraint
• cyber security concerns regarding smart agriculture technology
Opportunity
• Advancement in technology development in Vrt
Challenge
• High initial investment cost for implementing Vrt systems
Market Players:
The key market players operating in the Europe agriculture variable rate technology market are listed below:
• FRONTIER AGRICULTURE LTD .
• Agrivi
• Crop in
• Hexa
• Sensoterra
• Yara.
• Trimble Inc.
• Deere & Company.
• Raven Industries, Inc.
• Farmbrite
• AgJunction LLC
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