Global Precision Agriculture Competitive Landscape 2023

Report Code: MK20565 | Pages: 84
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Overview

Executive Summary
The global precision agriculture market is at the forefront of transforming traditional farming practices into data-driven, efficient, and sustainable systems. This approach integrates advanced technologies such as GPS, sensors, drones, satellite imagery, and data analytics to enable farmers to make informed decisions in real-time.

Competitive landscape of the global precision farming market is fragmented and highly competitive with multiple players operating on global and regional levels. It is characterized by a dynamic interplay between established players, innovative startups, and technology giants. This summary provides an overview of the competitive landscape, highlighting key players, strategies, and trends that define the industry's competitiveness.

Some of the major participants in the world of precision farming include Deere & Company (US), AGCO Corporation (US), Raven Industries (US), Corveta AgriScience (US), Bayer (Germany), and Trimble (US). Among the major players, Deere & Company and Bayer hold prominent positions, with Deere & Company marginally outpacing Bayer in market share.

To grow their market share, these businesses are progressively using techniques such as product launches, development, expansions, collaborations, contracts, and acquisitions.

For instance, AGCO Corporation, in collaboration with Bosch and BASF Smart Farming, achieved a significant milestone on April 06, 2023, by successfully integrating and launching Smart Spraying technology on Fendt Rogator sprayers. This joint effort also resulted in the development of novel features to enhance the technological capabilities. On March 2021, NASA Harvest and CropX, a global leader in soil analytics for agriculture, announced a strategic partnership that will give NASA Harvest unprecedented soil insights for its global agricultural monitoring efforts.

Smaller companies are differentiating themselves by creating unique items. Competitors are attempting to differentiate their products in order to provide distinctive value propositions in order to establish a presence in the market. While defending their positions in slower-growing areas, market providers are also taking advantage of present growth prospects in fast-growing categories. A few start-up ventures are also making a significant influence, and it is anticipated that they will eventually establish a solid market presence.

Scope of the Study
Makreo Research has released a comprehensive study “Global Precision Agriculture Competitive Landscape 2023." This study is designed to offer valuable insights into market competition, profiles of key players, and a deeper understanding of the competitive dynamics within the industry. The report includes a detailed company profile section, encompassing business overviews, strategic approaches, recent developments, and crucial financial information pertaining to each company

Scope Covered

  • Competitive Landscape
  • Mergers/Acquisitions
  • Funding Timeline
  • Company Profiles

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Companies Covered

  • Trimble Inc.
  • CropX Technologies
  • Deere & Company
  • Bayer Group
  • Raven Industries Inc.
  • Syngenta, CHS Inc.
  • Precision Hawk Inc.
  • Corteva Inc.
  • AGCO Corporation

Table of Contents

  1. Report Synopsis
  2. Key Industry Highlights
  3. Objective of the Study
  4. 1.Global Precision Agriculture Industry- Competitive Landscape
    1. 1.1.Global Precision Agriculture Industry: Competitive Landscape
  5. 2.Global Precision Agriculture Industry- Mergers /Acquisitions/ Investments 2018-2023
    1. 2.1.Market Mergers /Acquisitions/ Investments: Trimble Inc.
    2. 2.2.Market Mergers /Acquisitions/ Investments: Deere & Company
    3. 2.3.Market Mergers /Acquisitions/ Investments: Bayer Group & CropX Technologies
    4. 2.4.Market Mergers /Acquisitions/ Investments: Syngenta
    5. 2.5.Market Mergers /Acquisitions/ Investments: Corteva Inc. & AGCO Corporation
    6. 2.6.Market Mergers /Acquisitions/ Investments: Raven Inc., BouMatic, & PrecisionHawk Inc.
  6. 3.Global Precision Agriculture Industry- Funding Timeline
    1. 3.1.Funding Timeline: CropX Technologies
    2. 3.2.Funding Timeline: Autonomous Solutions, Bayer CropScience AG, Mothive, Trimble Inc.
    3. 3.3.Funding Timeline: PrecisionHawk Inc. & Corteva Agriscience
  7. 4.Global Precision Agriculture Industry- Company Profiles
    1. 4.1.Company Profile: Trimble Inc.
    2. 4.2.Company Profile: CropX Technologies
    3. 4.3.Company Profile: Deere & Company
    4. 4.4.Company Profile: Bayer Group
    5. 4.5.Company Profile: Raven Industries Inc.
    6. 4.6.Company Profile: Syngenta
    7. 4.7.Company Profile: CHS Inc.
    8. 4.8.Company Profile: PrecisionHawk Inc
    9. 4.9.Company Profile: Corteva Inc.
    10. 4.10.Company Profile: AGCO Corporation
  8. List of Figures & Tables
  9. Market Share of Top 5 Precision Agriculture Companies, 2022
  10. Market Capitalization of Precision Agriculture Company, 2022
  11. Trimble First Two Quarter Revenue, Q1&Q2/2022-Q1&Q2/2023
  12. Trimble First Two Quarter Revenue of Resource & Utilities Segment, Q1&Q/2022-Q1&Q2/2023
  13. Trimble First Two Quarter Revenue of Resource & Utilities Segment by Region, Q1&Q2/2023
  14. Trimble Revenue by Segments, 2021 to 2022
  15. Trimble Segment revenue as a % of total revenue, Q1&Q2/2023
  16. Deere & Company Revenue, 2021- 2022
  17. Deere & Company Net Sales of Production and Precision Agriculture Operations, Q2/2022 - Q2/2023
  18. Deere & Company Operating Profit of Production and Precision Agriculture Operations, Q2/2022 - Q2/2023
  19. Deere & Company Net Sales & Operating Profit by Segments, 2021 to 2022
  20. Deere & Company Revenue by Geographical Location, 2021 to 2022
  21. Bayer Group Net Sales, 2021-2022
  22. Bayer Group Sales By region, 2021-2022
  23. Bayer Crop Science Segment Sales, 2021-2022
  24. Bayer Crop Science Segment Sales by Region, 2021-2022
  25. Syngenta Net Sales, 2021-2022
  26. Syngenta Segment Sales, 2021 to 2022
  27. Syngenta Crop Protection Sales By region, 2021-2022
  28. Syngenta Seed Sales By region, 2021-2022
  29. Syngenta Sales By Country, 2021-2022
  30. Syngenta Sales by Country, 2021-2022
  31. CHS Inc. Revenue, Q3/2022-Q3/2023
  32. CHS Inc. Revenue 2021-2022
  33. CHS Inc. Revenue 2021-2022
  34. CHS Inc. Third Quarter Reportable Segment Revenue (USD Thousands) , Q3 2023
  35. Corteva Agriscience Sales, 2021-2022
  36. Corteva Agriscience Seed Segment Sales, H1/2022-H1/2023
  37. Corteva Agriscience Seed Segment Sales by Region, H1/2022-H1/2023
  38. Corteva Agriscience Crop Protection Segment Sales, H1/2022-H1/2023
  39. Corteva Agriscience Crop Protection Segment Sales by Region, H1/2022-H1/2023
  40. AGCO Corporation Net Sales, 2021-2022
  41. AGCO Corporation Net Sales by Region, 2021-2022
  42. AGCO Corporation Net Sales, H1/2022-H1/2023
  43. AGCO Corporation Net Sales by Region, H1/2022-H1/2023

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