The global Variable Rate Technology (VRT) market size was USD 6.50 Billion in 2021 and is expected to register a revenue CAGR of 13.2% during the forecast period, according to latest analysis by Emergen Research. Rapid adoption of advanced technologies in agriculture variable rate to reduce labor cost is a key factor driving market revenue growth of. Variable Rate Technology (VRT) is a tool or system that allows varying rate of crop inputs, such as fertilizers and crop protection chemicals, based on sensed or mapped crop characteristics. Automation is the obvious choice for majority of farmers as technology advances, becomes more affordable to purchase, and aid in increasing crop production around the world. In addition, both the trend toward local food consumption and desire for resource-saving measures are still on rise. Cost reduction is a crucial strategy for advancing the sector, given industry's narrow margins.
The Variable Rate Technology Market report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Variable Rate Technology industries. The market intelligence report is a prototype of the 360° overview of the global Variable Rate Technology industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
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The leading market contenders listed in the report are:
Deere & Company, Trimble, Inc., AGCO Corporation, Topcon, CNH Industrial N.V., KUBOTA Corporation, Hexagon, Yara, DJI, and Valmont Industries, Inc
The research study examines historic data from 2018 and 2020 to draw forecasts until 2030. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Overview:
The report bifurcates the Variable Rate Technology market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
-
Offering Outlook (Revenue, USD Billion; 2019-2030)
- Hardware
- Guidance & Steering Systems
- Flow & Application Control Devices
- GPS/DGPS Receivers
- Handheld Computers
- Yield Monitors
- Sensors
- Displays
- Others
- VRT Software
- VRT Service
- Farm Operation Services
- Integration & Consulting Services
- Hardware
-
Type Outlook (Revenue, USD Billion; 2019-2030)
- Fertilizer VRT
- UREA VRT
- UAN VRT
- NH3 VRT
- Other VRT
- Crop Protection Chemical VRT
- Soil Sensing
- Seeding VRT
- Yield Monitoring
- Irrigation VRT
- Other VRT Types
- Fertilizer VRT
-
Crop Type Outlook (Revenue, USD Billion; 2019-2030)
- Cereals & Grains
- Corn
- Wheat
- Other Cereals & Grains
- Oilseeds & Pulses
- Soybean
- Cotton
- Other Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Cereals & Grains
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
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Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Variable Rate Technology Market report:
- The latest report comprehensively studies the global Variable Rate Technology market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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