South America Precision Agriculture Market Research Report: Forecast (2024-2030)

South America Precision Agriculture Market Report - By Offering (Hardware, (Automation & Control System, (GPS/GNSS System, Guidance & Steering System, Flow & Application Rate Contr......ol Solutions, Handheld Computers/Mobile devices, Agriculture Cameras, Others (Variable Rate Technology (VRT) Devices, Automated Planting Systems, etc.)), Sensing & Monitoring, (Yield Monitors, Remote Sensing Systems, GPS Mapping & Satellite Imagery, Others (Environmental Monitoring Devices, Precision Irrigation Sensors, etc.)), UAVs & Drones, (Software, Services), (Integration & Deployment, Maintenance & Repair, Others (Data Analytics & Insights Services, Training & Consultancy Services, etc.)), By Application (Precision Irrigation, Yield Monitoring, Precision Spraying, (Targeted Pesticide Spraying, Precision Fertilization, Precision Planting), (Optimization of Planting Lines, Data Management, Others), (Nematode Mapping, Weed Mapping, Others), By Crop Type (Cereals & Grains, Oil Seeds & Pulses, Fruits & Vegetables, Others (Herbs, Ornamental Plants, etc.)), and Others Read more

  • Environment
  • Apr 2024
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Market Insights & Analysis: South America Precision Agriculture Market (2024-30):

The South America Precision Agriculture Market is estimated to grow at a CAGR of around 15.2% during the forecast period, i.e., 2024-30. The market growth imputes to the increasing adoption of advanced and cutting-edge technologies in farming systems across the region. With the continued surge in population, the need for food crops to ensure global food security is rising exponentially.

Moreover, as South America is a prominent exporter of food crops, there exists pressure among the government as well as domestic farmers to ensure optimum yields to serve the growing food demand. This concern is leading to the adoption of agriculture technologies, including precision agriculture solutions, such as GPS, drones, sensors, and data analytics, for informed decisions & enhanced crop yields. Also, the adoption of this technology is leading to cost-benefits to the local agriculture producers derived from precision techniques. Thus, the enhanced advantages are attracting enormous interest from the regulatory authorities to outlay supportive tax structures, subsidies, and incentives.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 15.2%
Country Covered Brazil, Argentina, Chile, Colombia, Peru, Rest of South America
Key Companies Profiled Agres Sistemas Eletrônicos, AGCO Corporation, BASF SE, Bayer AG, Deere & Company, Leica Geosystem AG, Farmers Edge Inc., Raven Industries, Inc., Topcon Corporation, Trimble Inc., Yara International ASA, TeeJet Technologies, among others
Unit Denominations USD Million/Billion

 

Apart from this, environmental concerns, such as soil degradation and water scarcity in some areas of the region, are prompting farmers to turn to automated solutions for precise resource management and minimize waste and environmental impact. Therefore, with the rising traction, various precision farming technology providers are witnessing expanding their product portfolios in the region. These include automated farming technologies with the integration of robotics, AI, IoT, etc., to enable farmers to boost their agriculture yields. For Instance,

  • In 2023, Solinftec, an agriculture startup announced to launch of agriculture robots in Brazil for crop protection and scouting applications.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. South America Agriculture Industry Outlook, 2023
  5. South America Agri-Tech Start-up Ecosystem, 2023
    1. Entrepreneurial Activity Year on Year
    2. YoY Amount Invested
    3. Series Wise Funding Received
    4. Funding Received by Top Companies
    5. Key Investors Active in the Market
  6. South America Precision Agriculture Market Key Highlights
    1. Adoption of Precision Agriculture Services by Farmers
      1. Adoption Rates
      2. Types of technologies used
      3. Unmet Demand
      4. Emerging Requirements
      5. Impact of Precision Agriculture on Farming Practices
  7. South America Precision Agriculture Market Trends & Insights
  8. South America Precision Agriculture Market Dynamics
    1. Growth Drivers
    2. Challenges
  9. South America Precision Agriculture Market Hotspot & Opportunities
  10. South America Precision Agriculture Market Regulation & Policy, By Country
  11. South America Precision Agriculture Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Offering
        1. Hardware- Market Size & Forecast 2019-2030, (USD Million)
          1. Automation & Control System- Market Size & Forecast 2019-2030, (USD Million)
            1. GPS/GNSS System- Market Size & Forecast 2019-2030, (USD Million)
            2. Guidance & Steering System- Market Size & Forecast 2019-2030, (USD Million)
            3. Flow & Application Rate Control Solutions- Market Size & Forecast 2019-2030, (USD Million)
            4. Handheld Computers/Mobile devices- Market Size & Forecast 2019-2030, (USD Million)
            5. Agriculture Cameras- Market Size & Forecast 2019-2030, (USD Million)
            6. Others (Variable Rate Technology (VRT) Devices, Automated Planting Systems, etc.) - Market Size & Forecast 2019-2030, (USD Million)
          2. Sensing & Monitoring- Market Size & Forecast 2019-2030, (USD Million)
            1. Yield Monitors- Market Size & Forecast 2019-2030, (USD Million)
            2. Remote Sensing Systems- Market Size & Forecast 2019-2030, (USD Million)
            3. GPS Mapping & Satellite Imagery
            4. Others (Environmental Monitoring Devices, Precision Irrigation Sensors, etc.)- Market Size & Forecast 2019-2030, (USD Million)
          3. UAVs & Drones
        2. Software- Market Size & Forecast 2019-2030, (USD Million)
        3. Services- Market Size & Forecast 2019-2030, (USD Million)
          1. Integration & Deployment- Market Size & Forecast 2019-2030, (USD Million)
          2. Maintenance & Repair- Market Size & Forecast 2019-2030, (USD Million)
          3. Others (Data Analytics & Insights Services, Training & Consultancy Services, etc.)- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application
        1. Precision Irrigation- Market Size & Forecast 2019-2030, (USD Million)
        2. Yield Monitoring- Market Size & Forecast 2019-2030, (USD Million)
        3. Precision Spraying- Market Size & Forecast 2019-2030, (USD Million)
          1. Targeted Pesticide Spraying
        4. Precision Fertilization- Market Size & Forecast 2019-2030, (USD Million)
        5. Precision Planting- Market Size & Forecast 2019-2030, (USD Million)
          1. Optimization of Planting Lines
        6. Data Management- Market Size & Forecast 2019-2030, (USD Million)
        7. Others
          1. Nematode Mapping
          2. Weed Mapping
          3. Others
      3. By Crop Type
        1. Cereals & Grains- Market Size & Forecast 2019-2030, (USD Million)
        2. Oil Seeds & Pulses- Market Size & Forecast 2019-2030, (USD Million)
        3. Fruits & Vegetables- Market Size & Forecast 2019-2030, (USD Million)
        4. Others (Herbs, Ornamental Plants, etc.)- Market Size & Forecast 2019-2030, (USD Million)
      4. By Country
        1. Brazil
        2. Argentina
        3. Colombia
        4. Chile
        5. Peru
        6. Rest of South America
      5. By Competitors
        1. Competition Characteristics
        2. Revenue Shares
  12. Brazil Precision Agriculture Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Crop Type- Market Size & Forecast 2019-2030, (USD Million)
  13. Argentina Precision Agriculture Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Crop Type- Market Size & Forecast 2019-2030, (USD Million)
  14. Colombia Precision Agriculture Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Crop Type- Market Size & Forecast 2019-2030, (USD Million)
  15. Chile Precision Agriculture Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Crop Type- Market Size & Forecast 2019-2030, (USD Million)
  16. Peru Precision Agriculture Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      2. By Application- Market Size & Forecast 2019-2030, (USD Million)
      3. By Crop Type- Market Size & Forecast 2019-2030, (USD Million)
  17. South America Precision Agriculture Market Key Strategic Imperatives for Success & Growth
  18. Competition Outlook
    1. Company Profiles
      1. Agres Sistemas Eletrônicos SA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. AGCO Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. BASF SE
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Bayer AG
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Deere & Company
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Leica Geosystem AG
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Farmers Edge Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Raven Industries, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Topcon Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Trimble Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Yara International ASA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. TeeJet Technologies
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Others
  19. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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