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DALLAS, October 28, 2014 /PRNewswire/ --
ReportsnReports.com adds 2014 precision farming market research reports with 2018 forecasts for precision farming equipment and 2020 outlook for the industry by technology, components, application and geography. Global Precision Farming Equipment Market 2014-2018 is a 50 pages research report while Precision Farming Market by Technology (GPS/GNSS, GIS, Remote Sensing & VRT), Components (Automation & Control, Sensors, FMS), Application (Yield Monitoring, VRA, Mapping, Soil Monitoring, Scouting) and Geography - Global Forecasts to 2020 is a 189 pages industry study. Complete reports are available at http://www.reportsnreports.com/reports/276801-global-precision-farming-equipment-market-2014-2018.html and http://www.reportsnreports.com/reports/268230-precision-farming-market-by-technology-gps-gnss-gis-remote-sensing-vrt-components-automation-control-sensors-fms-applications-yield-monitoring-vra-mapping-soil-monitoring-scouting-global-forecast-analysis-2013-2018-.html .
The total precision farming market is expected to reach $4.55 Billion by 2020, growing at a CAGR of 12.2% from 2014 to 2020. The precision farming market is expected to grow at a rapid pace. For the past few years the amount of electronic equipment and automation in farming has gradually increased and is helping the growers to increase their profitability and yield.Due to the emergence of Information Technology (IT) in agriculture the precision farming market is gaining momentum.The continuous growth in the global population is increasing the burden on usage of resources such as land, fertilizers, and water.These resources are scarce and hence the need to adopt technology based agriculture is increasing to feed the growing population with minimum usage of resources. The increasing government intervention and assistance to promote modern agricultural and site-specific farming techniques is further driving the demand for precision farming. In addition to that, factors such as crop...