Variable Rate Technology Market Size - By Component, By Technology, By Crop Type, By Farm Size, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Variable Rate Technology Market Overview
According to SPER Market Research, the Global Variable Rate Technology Market is estimated to reach USD 26.07 billion by 2032 with a CAGR of 13.42%. The agricultural variable rate technology market consists of sales of agricultural variable rate technology made by organizations, individuals, and partnerships. With a focus on the automated applications utilized in agriculture, this technological area deals with automated applications. Information about agriculture is gathered via sensors, maps, and GPS.
Impact of COVID-19 on the Global Variable Rate Technology Market
The need for agricultural equipment and related technology has temporarily diminished due to the COVID-19 pandemic epidemic. Because VRT requires little employee involvement and labor prices are rising daily, the agriculture variable rate technology industry has recovered since the epidemic. The pandemic's acute labor shortage, which had a negative impact on overall production, forced farmers to learn the benefits of investing in technologies rather than relying on workers.
Scope of the Report:
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Component, By Technology, By Crop Type, By Farm Size, By Application
Regions covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Companies Covered AGCO Corporation, AgJunction, CNH Industrial NV, Deere & Company, Hexagon, Kubota Corporation, Lindsay Corporation, Topcon Corporation,
Global Variable Rate Technology Market Segmentation:
By Technology:Based on the Technology, Global Variable Rate Technology Market is segmented as; Map-based, Sensor-based (Active Optical Sensor VRT, Drone-based VRT, Satellite-based VRT).
By Application:Based on the Application, Global Variable Rate Technology Market is segmented as; Fertilizers (Urea VRT, UAN VRT, NH3 VRT, Other VRT), Crop Protection Chemicals (Herbicides, Fungicides & Bactericides, Insecticides, Nematicides & Others), Soil Sensing, Yield Monitoring, Irrigation, Others.
By Region:The overall market was topped by North America. North America currently controls the majority of the global market for variable rate technology because of the region's tremendous progress in the automation and digitization of agriculture.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER’s internal database
- 2.1.4 Premium insight from KOL’s
- 2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
- 2.3 Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
- 4.2. COVID-19 Impacts of the Global Variable Rate Technology Market
- 5. Market variables and outlook
- 5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
- 5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
- 5.3. PORTER’S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
- 5.4. Heat map analysis
- 6. Competitive Landscape
- 6.1 Global Variable Rate Technology Manufacturing Base Distribution, Sales Area, Product Type
- 6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Variable Rate Technology Market
- 7. Global Variable Rate Technology Market, By Component, 2019-2032 (USD Million)
- 7.1 Hardware
- 7.1.1 Guidance and Steering systems
- 7.1.2 Flow and Application Control Devices
- 7.1.3 GPS/DGPS Receivers
- 7.1.4 Handheld Mobile Devices/Computers
- 7.1.5 Yield Monitors
- 7.1.6 Others
- 7.2 Services
- 7.2.1 Farm Operation Service
- 7.2.2 Integration and Consultation Services
- 7.3 Software
- 8. Global Variable Rate Technology Market, By Technology, 2019-2032 (USD Million)
- 8.1 Map-based
- 8.2 Sensor-based
- 8.2.1 Active Optical Sensor VRT
- 8.2.2 Drone-based VRT
- 8.2.3 Satellite-based VRT
- 9. Global Variable Rate Technology Market, By Crop Type, 2019-2032 (USD Million)
- 9.1 Cereals and Grains
- 9.1.1 Corn
- 9.1.2 Wheat
- 9.1.3 Others
- 9.2 Fruits and Vegetables
- 9.3 Oilseeds and Pulses
- 9.3.1 Soybeans
- 9.3.2 Cotton
- 9.3.3 Other
- 9.4 Others
- 10. Global Variable Rate Technology Market, By Farm Size, 2019-2032 (USD Million)
- 10.1 Large Farms
- 10.2 Mid-Sized Farms
- 10.3 Small Farms
- 11. Global Variable Rate Technology Market, By Application, 2019-2032 (USD Million)
- 11.1 Fertilizers
- 11.1.1 Urea VRT
- 11.1.2 UAN VRT
- 11.1.3 NH3 VRT
- 11.1.4 Other VRT
- 11.2 Crop Protection Chemicals
- 11.2.1 Herbicides
- 11.2.2 Fungicides & Bactericides
- 11.2.3 Insecticides
- 11.2.4 Nematicides & Others
- 11.3 Soil Sensing
- 11.4 Yield Monitoring
- 11.5 Irrigation
- 11.6 Others
- 12. Global Variable Rate Technology Market, By Region, 2019-2032 (USD Million)
- 12.1 Global Variable Rate Technology Size and Market Share by Region (2019-2025)
- 12.2 Global Variable Rate Technology Size and Market Share by Region (2026-2032)
- 12.3 Asia-Pacific
- 12.3.1 Australia
- 12.3.2 China
- 12.3.3 India
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 Rest of Asia-Pacific
- 12.4 Europe
- 12.4.1 France
- 12.4.2 Germany
- 12.4.3 Italy
- 12.4.4 Spain
- 12.4.5 United Kingdom
- 12.4.6 Rest of Europe
- 12.5 Middle East & Africa
- 12.5.1 Kingdom of Saudi Arabia
- 12.5.2 United Arab Emirates
- 12.5.3 Rest of Middle East & Africa
- 12.6 North America
- 12.6.1 Canada
- 12.6.2 Mexico
- 12.6.3 United States
- 12.7 South America
- 12.7.1 Argentina
- 12.7.2 Brazil
- 12.7.3 Rest of South America
- 13. Company Profiles
- 13.1 AGCO Corporation
- 13.1.1 Company details
- 13.1.2 Financial outlook
- 13.1.3 Product summary
- 13.1.4 Recent developments
- 13.2 AgJunction
- 13.2.1 Company details
- 13.2.2 Financial outlook
- 13.2.3 Product summary
- 13.2.4 Recent developments
- 13.3 CNH Industrial NV
- 13.3.1 Company details
- 13.3.2 Financial outlook
- 13.3.3 Product summary
- 13.3.4 Recent developments
- 13.4 Deere & Company
- 13.4.1 Company details
- 13.4.2 Financial outlook
- 13.4.3 Product summary
- 13.4.4 Recent developments
- 13.5 Hexagon
- 13.5.1 Company details
- 13.5.2 Financial outlook
- 13.5.3 Product summary
- 13.5.4 Recent developments
- 13.6 Kubota Corporation
- 13.6.1 Company details
- 13.6.2 Financial outlook
- 13.6.3 Product summary
- 13.6.4 Recent developments
- 13.7 Lindsay Corporation
- 13.7.1 Company details
- 13.7.2 Financial outlook
- 13.7.3 Product summary
- 13.7.4 Recent developments
- 13.8 Topcon Corporation
- 13.8.1 Company details
- 13.8.2 Financial outlook
- 13.8.3 Product summary
- 13.8.4 Recent developments
- 13.9 Trimble Inc.
- 13.9.1 Company details
- 13.9.2 Financial outlook
- 13.9.3 Product summary
- 13.9.4 Recent developments
- 13.10 Valmont Industries, Inc.
- 13.10.1 Company details
- 13.10.2 Financial outlook
- 13.10.3 Product summary
- 13.10.4 Recent developments
- 13.11 Yara International
- 13.11.1 Company details
- 13.11.2 Financial outlook
- 13.11.3 Product summary
- 13.11.4 Recent developments
- 14. List of Abbreviations
- 15. Reference Links
- 16. Conclusion
- 17. Research Scope
Research Assistance
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