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Yield Monitoring Devices Market Trends, Industry & Size 2030

Yield Monitoring Devices Market

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Segments - by Applications (Variable Rate Application, Crop Scouting, Yield Monitoring, and Field Mapping), Technology (Remote Sensing and Guidance), Components (Software and Hardware), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author :

Raksha Sharma

Fact-checked by :

Amulya Agarwal

Editor :

Shruti Bhat

Report Description

The global yield monitoring devices market is expected to expand at a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the development of new technology in the standardization and automation of crop cultivation as well as production.

Yield monitor devices include a range of equipment primarily designed for increasing the crop production. The devices are widely adopted to extract important information about key aspects such as area coverage of the field, weather adaptability by grains, and grain moisture level. These devices allow farmers to make an exact assessment of several variations of the field and help farmers to implement several measures to enhance yield.

Using these devices, farmers can properly assess the effects of the fertilizers & pesticides used, the level of soil fertility, and weather impact on the crop production. Problems such as global food shortage and sharp decline in the production of crops worldwide due to irregular or harsh climate conditions and shrinking of cultivated or farming lands are key concerns for raising adoption of such monitoring devices.

Market Trends, Driver, Restraint, and Opportunities

Rising number of global population and increasing demand for foods but shortage of supply are pushing to increase the adoption of the devices. This is expected to drive the market growth.
Availability of cheaper fertilizers, chemicals, and quality seeds besides the introduction of new monitoring devices are likely to increase yield. This is anticipated to boost the yield monitoring devices market.
Several governments’ initiatives, schemes, and subsidies are provided for assisting and encouraging farmers to increase the overall crops production. This is expected to fuel the market expansion.
Lack of awareness of the devices and absence of yield monitoring specialists among farmers are creating challenges, which are expected to hamper the market growth.
Technological advancement and growing R&D activities to produce innovative and low-cost monitoring devices are projected to offer lucrative opportunities for the market expansion

Scope of Yield Monitoring Devices Market Report

The report on the global yield monitoring devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Yield Monitoring Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018-2019
Forecast Period	2021–2028
Segmentation	Applications (Variable Rate Application, Crop Scouting, Yield Monitoring, and Field Mapping), Technology (Remote Sensing and Guidance), and Components (Software and Hardware),
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Trimble Navigation Ltd., Topcon Precision Agriculture, Ag Leader Technology, Case IH, Deere & Company, AgJunction Inc., TeeJet Technologies, Raven Industries Ltd., and AGCO Corporation.

Global Yield Monitoring Devices Market Segment Insights

Yield monitoring segment is expected to grow at a rapid pace

Based on applications, the global yield monitoring devices market is divided into variable rate application, crop scouting, yield monitoring, and field mapping. The yield monitoring segment is expected to grow at a rapid pace during the forecast period owing to wide adoption of the devices for observing the complete circle of the crop cultivated to increase the amount of production.

Remote sensing segment is projected to exhibit a substantial CAGR

On the basis of technology, the market is bifurcated into remote sensing and guidance. The remote sensing segment is projected to exhibit a substantial CAGR during the forecast period due to rapid expansion of the technology for yield monitoring process. The technology helps to provide information about the accurate assessment of the cultivation field and area covered, which act as key factors for increasing yield.

Hardware segment is anticipated to represent a key market share

Based on components, the global yield monitoring devices market is categorized as software and hardware. The hardware segment is anticipated to represent a key market share in the coming years owing to increasing demand for advanced hardware inbuilt of the monitoring devices. Technological advancement in developing of innovative hardware of the devices present a key driving factor boosting the segment growth.

Asia Pacific is projected to constitute a major share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East& Africa. Asia Pacific is projected to constitute a major share of the market during the forecast period owing to the wide cultivation practice and availability of a widespread cultivation land in the region. Rising adoption of the yield monitoring devices due to increasing awareness of the benefits of the technology among farmers play a vital role for the regional market expansion.

Segments

The global yield monitoring market has been segmented on the basis of

Applications

Variable Rate Application (VAR)
Crop Scouting
Yield Monitoring
Field Mapping

Components

Software
Hardware

Technology

Remote Sensing
Guidance

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Trimble Navigation Ltd
Topcon Precision Agriculture
Ag Leader Technology
Case IH
Deere & Company
AgJunction Inc
TeeJet Technologies
Raven Industries Ltd
AGCO Corporation

Competitive Landscape

Some of the key players competing in the global yield monitoring devices market include Trimble Navigation Ltd; Topcon Precision Agriculture; Ag Leader Technology; Case IH Deere &Company; AgJunction Inc; TeeJet Technologies; Raven Industries Ltd; and AGCO Corporation.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Yield Monitoring Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Yield Monitoring Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Yield Monitoring Devices Market - Supply Chain
  4.5. Global Yield Monitoring Devices Market Forecast
     4.5.1. Yield Monitoring Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Yield Monitoring Devices Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Yield Monitoring Devices Market Absolute $ Opportunity
5. Global Yield Monitoring Devices Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Yield Monitoring Devices Market Size and Volume Forecast by Applications
     5.3.1. Variable Rate Application (VAR)
     5.3.2. Crop Scouting
     5.3.3. Yield Monitoring
     5.3.4. Field Mapping
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Yield Monitoring Devices Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Yield Monitoring Devices Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Yield Monitoring Devices Demand Share Forecast, 2019-2026
7. North America Yield Monitoring Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Yield Monitoring Devices Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Yield Monitoring Devices Market Size and Volume Forecast by Applications
     7.4.1. Variable Rate Application (VAR)
     7.4.2. Crop Scouting
     7.4.3. Yield Monitoring
     7.4.4. Field Mapping
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Yield Monitoring Devices Demand Share Forecast, 2019-2026
8. Latin America Yield Monitoring Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Yield Monitoring Devices Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Yield Monitoring Devices Market Size and Volume Forecast by Applications
     8.4.1. Variable Rate Application (VAR)
     8.4.2. Crop Scouting
     8.4.3. Yield Monitoring
     8.4.4. Field Mapping
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Yield Monitoring Devices Demand Share Forecast, 2019-2026
9. Europe Yield Monitoring Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Yield Monitoring Devices Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Yield Monitoring Devices Market Size and Volume Forecast by Applications
     9.4.1. Variable Rate Application (VAR)
     9.4.2. Crop Scouting
     9.4.3. Yield Monitoring
     9.4.4. Field Mapping
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Yield Monitoring Devices Demand Share Forecast, 2019-2026
10. Asia Pacific Yield Monitoring Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Yield Monitoring Devices Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Yield Monitoring Devices Market Size and Volume Forecast by Applications
     10.4.1. Variable Rate Application (VAR)
     10.4.2. Crop Scouting
     10.4.3. Yield Monitoring
     10.4.4. Field Mapping
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Yield Monitoring Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa Yield Monitoring Devices Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Yield Monitoring Devices Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Yield Monitoring Devices Market Size and Volume Forecast by Applications
     11.4.1. Variable Rate Application (VAR)
     11.4.2. Crop Scouting
     11.4.3. Yield Monitoring
     11.4.4. Field Mapping
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Yield Monitoring Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Yield Monitoring Devices Market: Market Share Analysis
  12.2. Yield Monitoring Devices Distributors and Customers
  12.3. Yield Monitoring Devices Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Trimble Navigation Ltd
     12.4.2. Topcon Precision Agriculture
     12.4.3. Ag Leader Technology
     12.4.4. Case IH
     12.4.5. Deere & Company
     12.4.6. AgJunction Inc
     12.4.7. TeeJet Technologies
     12.4.8. Raven Industries Ltd
     12.4.9. AGCO Corporation

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