Product Code: r4553
“Agricultural Variable Rate Technology Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on agricultural variable rate technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for agricultural variable rate technology? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The agricultural variable rate technology market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Product: Soil Sensing Variable Rate Technology; Fertilizer Variable Rate Technology; Seeding Variable Rate Technology; Crop Protection Chemical Variable Rate Technology; Yield Monitor Variable Rate Technology; Irrigation Variable Rate Technology
- 2) By Crop Type: Cereals And Grains; Oilseeds And Pulses; Fruits And Vegetables
- 3) By Farm Size: Large Farms; Small Farms; Mid-Size Farms
- 4) By Application: Fertilizers; Crop Protection Chemicals; Soil Sensing; Yield Monitoring; Irrigation
- Companies Mentioned: The Climate Corporation; Deere & Company; Trimble Inc; AGCO Corporation; Topcon Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the agricultural variable rate technology market are: The Climate Corporation, Deere & Company, Trimble Inc., AGCO Corporation, Topcon Corporation, CNH Industrial NV, Yara International, Valmont Industries, Inc., AgJunction, AG Leader Technology, Raven Industries Inc., Kubota Corporation, Lindsay Corporation, Ageagle Aerial Systems, and Hexagon.
The global agricultural variable rate technology market grew from $3.44 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The agricultural variable rate technology market is expected to grow to $6.78 billion in 2027 at a CAGR of 14.8%.
The agricultural variable rate technology market includes revenues earned by entities by providing services such as yield monitoring, irrigation VRT. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Agricultural variable rate technology refers to a branch of technology concerned with the automated application which mainly focuses on the automated application that is used in agriculture. The agricultural data is collected by sensors, maps, and GPS. These technologies are used to spray fertilizers and chemicals and to plant seeds these agricultural variable rate technologies help to manage crop production.
North America was the largest region in the agricultural variable rate technology market in 2022. The regions covered in the agricultural variable rate technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of agricultural variable rate technology are soil sensing variable rate technology, fertilizer variable rate technology, seeding variable rate technology, crop protection chemical variable rate technology, yield monitor variable rate technology, and irrigation variable rate technology. Sensor-based variable rate technology doesn't use a map at all but rather mounted sensors that measure soil properties or crop characteristics in real-time. The crops used in agricultural variable rate technology are cereals and grains, oilseeds and pulses, fruits and vegetables that can be used in large farms, small farms, mid-size farms in fertilizers, crop protection chemicals, soil sensing, yield monitoring, irrigation.
Increasing government expenditures and policymaking in the agricultural sector are significantly driving the growth of the agricultural variable rate technology market. The agricultural variable rate technology refers to an area of technology that focuses on the automated application that is used in agriculture. Using technology in agriculture will reduce the labor cost by 80 percent. Spraying of pesticides by using drones is the latest technology in agriculture which had gained popularity it also helps in many other ways in agriculture. For instance, In January 2022 government of India announced a 100% subsidy for drones up to the value of 10 lakhs this scheme is launched to promote drones usage in agriculture and to decrease the labor burden on the farmers Krishi Vigyan Kendras & State Agriculture Universities had also started giving training to farmers. The government had allocated a contingency fund of Rs.6000/hectare will also be given for hiring Drones from Custom Hiring Centres (CHC). Thus, the increase in government policy and spending on technologies in agriculture helps in the growth of the agricultural variable rate technology market.
Technological advancement are shaping the agricultural variable rate technology market. Major companies operating in the agricultural variable rate technology market sector are focused on developing new technological solutions to strengthen their position. For instance, in February 2021, XAG, a China-based company that manufactures agricultural machinery, launched a new generation of agricultural drones named XAG P40 Agricultural Drone which is designed especially for smallholder farms. XAG P40 can support a 20L smart liquid tank and cover 15 hectares of land per hour and the second model is called AG P80. Agricultural Drone which is designed for large field areas this drone can carry up to 40 kg and can cover up to 20 hectares of land in 1 hour. This helps in protecting lands from weeds, pests, and diseases this new launch can help medium-to-large farm owners address the rural labor shortage.
In November 2021, CNH Industrial is a UK-based company that designs, produces, and also sells agricultural technology products acquired by Raven Industries for an undisclosed amount. With this acquisition, Raven Industries will become part of CNH Industrial and works under CNH Industrial. This acquisition will add strong innovation capabilities which helps to accelerate digital strategy. Raven is a US-based precision agriculture space and technology manufacturer of agriculture products company
The countries covered in the agricultural variable rate technology market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The agricultural variable rate technology market research report is one of a series of new reports from The Business Research Company that provides agricultural variable rate technology market statistics, including agricultural variable rate technology industry global market size, regional shares, competitors with a agricultural variable rate technology market share, detailed agricultural variable rate technology market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural variable rate technology industry. This agricultural variable rate technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Agricultural Variable Rate Technology Market Characteristics
3. Agricultural Variable Rate Technology Market Trends And Strategies
4. Agricultural Variable Rate Technology Market - Macro Economic Scenario
- 4.1 COVID-19 Impact On Agricultural Variable Rate Technology Market
- 4.2 Ukraine-Russia War Impact On Agricultural Variable Rate Technology Market
- 4.3 Impact Of High Inflation On Agricultural Variable Rate Technology Market
5. Agricultural Variable Rate Technology Market Size And Growth
- 5.1. Global Agricultural Variable Rate Technology Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Agricultural Variable Rate Technology Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Agricultural Variable Rate Technology Market Segmentation
- 6.1. Global Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Soil Sensing Variable Rate Technology
- Fertilizer Variable Rate Technology
- Seeding Variable Rate Technology
- Crop Protection Chemical Variable Rate Technology
- Yield Monitor Variable Rate Technology
- Irrigation Variable Rate Technology
- 6.2. Global Agricultural Variable Rate Technology Market, Segmentation By Crop Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cereals And Grains
- Oilseeds And Pulses
- Fruits And Vegetables
- 6.3. Global Agricultural Variable Rate Technology Market, Segmentation By Farm Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Large Farms
- Small Farms
- Mid Size Farms
- 6.4. Global Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Fertilizers
- Crop Protection Chemicals
- Soil Sensing
- Yield Monitoring
- Irrigation
7. Agricultural Variable Rate Technology Market Regional And Country Analysis
- 7.1. Global Agricultural Variable Rate Technology Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Agricultural Variable Rate Technology Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Agricultural Variable Rate Technology Market
- 8.1. Asia-Pacific Agricultural Variable Rate Technology Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Agricultural Variable Rate Technology Market
- 9.1. China Agricultural Variable Rate Technology Market Overview
- 9.2. China Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Agricultural Variable Rate Technology Market
- 10.1. India Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Agricultural Variable Rate Technology Market
- 11.1. Japan Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Agricultural Variable Rate Technology Market
- 12.1. Australia Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Agricultural Variable Rate Technology Market
- 13.1. Indonesia Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Agricultural Variable Rate Technology Market
- 14.1. South Korea Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Agricultural Variable Rate Technology Market
- 15.1. Western Europe Agricultural Variable Rate Technology Market Overview
- 15.2. Western Europe Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Agricultural Variable Rate Technology Market
- 16.1. UK Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Agricultural Variable Rate Technology Market
- 17.1. Germany Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Agricultural Variable Rate Technology Market
- 18.1. France Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Agricultural Variable Rate Technology Market
- 19.1. Eastern Europe Agricultural Variable Rate Technology Market Overview
- 19.2. Eastern Europe Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Agricultural Variable Rate Technology Market
- 20.1. Russia Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Agricultural Variable Rate Technology Market
- 21.1. North America Agricultural Variable Rate Technology Market Overview
- 21.2. North America Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Agricultural Variable Rate Technology Market
- 22.1. USA Agricultural Variable Rate Technology Market Overview
- 22.2. USA Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Agricultural Variable Rate Technology Market
- 23.1. South America Agricultural Variable Rate Technology Market Overview
- 23.2. South America Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Agricultural Variable Rate Technology Market
- 24.1. Brazil Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Agricultural Variable Rate Technology Market
- 25.1. Middle East Agricultural Variable Rate Technology Market Overview
- 25.2. Middle East Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Agricultural Variable Rate Technology Market
- 26.1. Africa Agricultural Variable Rate Technology Market Overview
- 26.2. Africa Agricultural Variable Rate Technology Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Agricultural Variable Rate Technology Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Agricultural Variable Rate Technology Market Competitive Landscape And Company Profiles
- 27.1. Agricultural Variable Rate Technology Market Competitive Landscape
- 27.2. Agricultural Variable Rate Technology Market Company Profiles
- 27.2.1. The Climate Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Deere and Company
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Trimble Inc
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. AGCO Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Topcon Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Agricultural Variable Rate Technology Market
29. Agricultural Variable Rate Technology Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer