India Precision Agriculture Market to Grow at 10% until 2025

Increasing demand for precision agriculture due to its benefits like timely and accurate insights related to the farming to drive India precision agriculture market.

According to TechSci Research report “India Precision Agriculture Market By Technology, By Component, By Application, By Region, Competition, Forecast & Opportunities, 2025”, India precision agriculture market is projected to grow at over 10% to reach $ 99 million by 2025 owing to growing concerns for food security and increasing demand for maximizing yields. Precision agriculture helps to optimize use of resources and effectively meet the increasing demand for food, which is anticipated to drive India precision agriculture market until 2025. Moreover, application of advanced analytics, increasing adoption of technologies such as Internet of Things, data analytics, etc., in agriculture sector coupled with increase in government initiatives for adoption of modern agriculture technologies is driving precision agriculture in India.

Browse 21 market data Figures spread through 70 Pages and an in-depth TOC on "India Precision Agriculture Market"

India precision agriculture market can be segmented based on technology, component, application and region. In terms of technology, the market can be segmented into guidance systems, remote sensing and variable rate technologies. Among these, guidance systems segment is expected to witness rapid growth during forecast period as technologies such as Global Navigation Satellite Systems (GNSS) and Global Positioning Systems (GPS) help to obtain crucial location based data, which can be used to take decisions related to farming. Additionally, remote sensing segment is further segmented into hand-held and software-based sensing. Amongst these, the hand-held remote sending dominated the market in 2019, while the software-based sensing segment is expected to exhibit faster growth until 2025. Based on components, hardware segment is expected to acquire the largest market share during forecast years as it helps to collect crucial information pertaining to the soil. Based on application, India precision agriculture market is segmented into yield monitoring, crop scouting, field mapping, weather forecasting & tracking, among others. Among these, yield monitoring segment accounted for the largest market share in 2019, while field mapping segment is expected to witness rapid growth through 2025 as it provides farmers with essential information needed to obtain maximum yield.

John Deere India Private Limited, Trimble Inc., SatSure Ltd., Fasal, Aibono, Cropin, Intello Labs, Mahindra & Mahindra, Jain Irrigation System Limited, Fasal Agro Business Pvt. Ltd, Exabit System Private limited, and  among others are the leading players operating in India precision agriculture market. The companies operating in the market are using strategies such as product launches, mergers and collaborations to boost their share. Moreover, several start-ups consider precision agriculture as a lucrative opportunity and are entering the market with new ideas and innovations.

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“Precision agriculture market in India is expected to grow at a brisk pace until 2025 owing to subsidies offered by state governments for the purchase of farm equipment. Moreover, increasing adoption of smartphones and rising focus of government towards better agriculture practices is further anticipated to drive India precision agriculture market during forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Precision Agriculture Market By Technology, By Component, By Application, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of India precision agriculture market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India precision agriculture market.

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