You are currently viewing Latin America Precision Agriculture Market to Witness Considerable Growth During 2023-2028 with Rapid Adoption of the Technology by Regional Farmers

Latin America Precision Agriculture Market to Witness Considerable Growth During 2023-2028 with Rapid Adoption of the Technology by Regional Farmers

El informe del estudio de mercado de Informes de Expertos titulado, ‘Mercado Latinoamericano de Agricultura de Precisión, Informe y Pronóstico 2023-2028′, ofrece una visión estructurada del mercado, examinando sus diversos segmentos y variables clave como tecnología, tipo, componente, aplicación y regiones. La investigación recoge un sólido pronóstico de la presencia de factores clave de éxito y limitaciones, sigue a los proveedores bien establecidos y las últimas tendencias de la industria que impactan en el objetivo de crecimiento del mercado global. También evalúa la dinámica del mercado y la relación entre la demanda de los consumidores y el precio del producto, junto con la auditoría de los modelos FODA y de las cinco fuerzas de Porter.

The market study report by Informes de Expertos titled, ‘Latin America Precision Agriculture Market 2023-2028’ , gives structured insights into the market, examining its diverse segments and key variables such as type and key regions. The research gathers robust forecasting of the presence of key success factors and constraints, tracks well-established vendors, and the latest trends in the industry that impact the growth goal of the overall market. It also assesses the market dynamics, and the relationship between consumer demand and product price, coupled with the audit of SWOT and Porter’s Five Forces models.

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Los aspectos más destacados del informe incluyen:

Visión general del mercado (2018-2028)

• CAGR para el período de pronóstico (2023-2028): 12,40%

En 2021, el mercado latinoamericano de agricultura de precisión alcanzo un valor de alrededor de USD 610 millones. La industria de la agricultura de precisión de América Latina está siendo impulsada por varios factores como el uso cada vez mayor de teléfonos y otros medios inteligentes en la región. Estos brindan fácil acceso a los últimos avances en el sector agrícola. Además, la creciente población y el aumento de los ingresos disponibles en la región están impulsando la expansión de este sector.

El mercado también se ve reforzado por las crecientes inversiones e iniciativas gubernamentales destinadas a promover el uso de técnicas agrícolas modernas. Además, al principio de la pandemia de COVID-19, la necesidad de tecnologías innovadoras que puedan mejorar los rendimientos y permitir el monitoreo remoto se ha vuelto aún más apremiante.

Read Full Report with Table of Contents – https://www.informesdeexpertos.com/informes/mercado-latinoamericano-de-agricultura-de-precision

Industry Definition and Major Segments

Precision farming, also referred to as satellite farming or site-specific crop management (SSCM), has emerged as a popular innovation in modern agriculture. This cutting-edge technique equips farmers with accurate information about when to plant, harvest, and rotate their crops. Moreover, it enables them to reduce their dependence on additional water, pesticides, fertilizers, and herbicides, making it an extremely cost-effective solution.

The report has analyzed the market based on the technology that covers:

• GNSS/GPS Systems
• GIS
• Remote Sensing
• Variable Rate Technology (VRT)
• Others

According to type, the market has been evaluated and segmented into:

• Automation and Control Systems
• Sensing and Monitoring Devices
• Farm Management Systems

By component, the report covers:

• Hardware
• Software

In addition, the applications include:

• Mapping
• Crop Scouting
• Yield Monitoring
• Soil monitoring
• Precision irrigation

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Others

Market Trends

Precision farming technology is gaining ground in the Latin American region as it allows farmers to identify the most favorable weather conditions for plant growth. This is achieved by using sensors that are integrated with digital apps, which record critical factors such as rainfall and soil conditions. With this data at their disposal, farmers are monitoring and maintaining their crops more effectively, ensuring optimal growth and yield. These characteristics of the technology aiding the market to grow robustly.

The ongoing technological revolution and digital transformation in the region are expected to have a positive impact on the Latin American precision agriculture market, making precision technology more accessible to farmers in the coming years. As farmers strive to export food and agricultural products, they are increasingly willing to adopt technologies that can enhance profitability, combat diseases, and maximize crop yields.

Key Market Players

The major players in the market are:

• Agribotix
• Bayer CropScience AG
• Trimble, Inc.
• Deere & Company
• Raven Industries
• GeoAgro
• Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.

About Us

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.