MarkNtel Advisors – Leading Market Research Company found Latin America Precision Agriculture Market is expected to reach 13.0% CAGR Growth By 2028.
This report provides a comprehensive analysis of the Latin America Precision Agriculture Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Latin America Precision Agriculture Market
Base Year: 2022
Forecast Years: 2023-2028
Historical Years: 2018-2021
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- – https://www.marknteladvisors.com/query/request-sample/latin-america-precision-agriculture-market.html
Scope of the Latin America Precision Agriculture Market Report:
The Latin America Precision Agriculture market is projected to grow at a CAGR of around 13.0% during the forecast period, i.e., 2023-28. It attributes to the factors such as the growing demand for exceptional crop production with limited resources & the upsurging population of the region with the scarcity of food. In recent years, the region’s agricultural industry has undergone considerable changes. Latin America, with ample agricultural lands & a burgeoning populace, faces a daunting predicament.
Which prominent factor is expected to drive the Latin America Precision Agriculture Market during 2023-28?
Surging Government Initiatives to Support the Adoption of Modern Agriculture Technique – In recent times, there has been a marked surge in governmental endeavors aimed at bolstering Precision Agriculture in the Latin American region. This is due to escalating recognition of the potential benefits that these cutting-edge techniques can provide, including heightened productivity, reduced environmental impact, and reduced food security. It is a pioneering method that utilizes technology to streamline farming practices & augment productivity. The government provides a tax credit that can extend up to 20% of the expenditure incurred in implementing these methods such as variable-rate fertilization & pesticide application. This incentive propels farmers to embrace these techniques & invest in these technologies. For instance,
- In 2023, in Mexico, the Universidad Autónoma del Estado de México & the Agencia Espacial Mexicana launched a satellite-based precision agriculture program to support agricultural productivity.
- In 2022, the National Institute of Agricultural Technology in Argentina presented a new precision agriculture program that aims to develop sustainable agro-food systems using technology.
The surging governmental initiatives to support modern agriculture techniques in Latin America constitute a salubrious development for the region & hence would also positively affect the market growth in the forthcoming period.
What are the different Segment Available in the Latin America Precision Agriculture Market?
By Offering
- Hardware
- Automation and Control System
- GPS/GNSS System
- Guidance and Steering System
- Flow and Application Rate Control Solutions
- Handheld Computers/ Mobile devices
- Agriculture Cameras
- Others
- Sensing and Monitoring
- Yield Monitors
- Sensing Systems
- Other Hardware
- Software
- Services
- Integration and Deployment
- Maintenance and Repair
- Other Services
- Automation and Control System
By Application
- Precision Irrigation
- Yield Monitoring
- Precision Spraying
- Precision Fertilization
- Precision Planting
- Data Management
By Crop Type
- Cereals & Grains
- Oil seeds & Pulses
- Fruits & Vegetables
- Others (Herbs, etc.)
By Country
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Rest of Latin America.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/latin-america-precision-agriculture-market.html
Leading Latin America Precision Agriculture companies operating in the Market
- Ag Smarts Inc.
- AGCO Corporation
- BASF SE
- Bayer
- Cropmetrics LLC
- Deere & Company
- Leica Geosystem
- Monsanto Company
- Raven Industries, Inc.
- Topcon Corporation
- Trimble Inc.
- Others.
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address
Other Report:
- https://whatech.com/og/markets-research/energy/893177-markntel-advisors-reports-a-projected-cagr-of-5-3-for-the-global-gas-turbine-market-from-2024-to-2030.html
- https://whatech.com/og/markets-research/medical/893173-digital-pathology-market-valued-at-usd-2-5-billion-in-2023-projected-to-grow-at-9-8-cagr-through-2030-reports-markntel-advisors.html
About Us –
We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Contact Us –
Call +1 628 895 8081 +91 120 4278433
Email: sales@marknteladvisors.com
