Global Variable Rate Technology (VRT) Market

Dec 2018| VMR503A| Verified Market Research

Report Highlights

The global Variable Rate Technology (VRT) market was valued at USD 1.29 billion in 2016 and is projected to reach USD 2.95 billion by 2025, growing at a CAGR of 9.62% from 2017 to 2025.

Variable-rate technology (VRT) describes any technology which enables producers to vary the rate of crop inputs. VRT combines a variable-rate (VR) control system with application equipment to apply inputs at a precise time and/or location to achieve site-specific application rates of inputs.

Market Dynamics:
1. Market Drivers
1.1 Improved Efficiency and Productivity Through Improved Crop Yields
1.2 Suitable Govt. Regulations
1.3 Increase in Avg. age of Farmers in developed regions
2. Market Restraints
2.1 High Initial Cost and investments
2.2 Lack of awareness with respect to VRT

Market Segmentation:
1. By Farm Size:
1.1 Large Farms
1.2 Mid-Size Farms
1.3 Small Farms

2. By Application:
2.1 Map-Based VRT
2.2 Sensor-Based VRT

3. By Crop Type:
3.1 Cereals & Grains
3.1.1 Corn
3.1.2 Wheat
3.1.3 Others
3.2 Oilseeds & Pulses
3.2.1 Soybean
3.2.2 Cotton
3.2.3 Others
3.3 Fruits & Vegetables
3.4 Others

4. By Type:
4.1 Fertilizer VRT
4.2 Crop Protection Chemical VRT
4.3 Soil Sensing VRT
4.4 Seeding VRT
4.5 Yield Monitor VRT
4.6 Irrigation VRT
4.7 Other VRT Types

5. By Offering:
5.1 Hardware
5.1.1 GPS/DGPS Receivers
5.1.2 Handheld Computers
5.1.3 Sensors
5.1.4 Yield Monitors
5.1.5 Others
5.2 VRT Software
5.3 VRT Service
5.3.1 Farm Operation Services
5.3.2 Integration & Consulting Services
5.3.3 Others
 
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Deere & Company
2. Trimble, Inc.
3. Agco Corporation
4. Topcon Corporation
5. CNH Industrial N.V.
6. Kubota Corporation
7. Yara International ASA
8. SZ DJI Technology Co., Ltd.
9. Valmont Industries, Inc.
10. Lindsay Corporation
11. Raven Industries, Inc.
12. AG Leader Technology
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Variable Rate Technology (VRT)marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.

Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.

Why BCC Research?

Every purchase provides access to:

  • Thousands of recently published reports from select publishers
  • Member Discounts of up to 50% on over 20,000 additional reports from all publishers
  • Our analysts and research concierge for all inquiries
CUSTOM RESEARCH

Need a custom data table, graph or complete report? Tell us more.

Contact Us
Share This Report