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.                                        

South America Precision Agriculture Market Driver:

Growing Demand for Sustainable Agriculture Practices to Drive Market Growth – The heightened global awareness of environmental issues, such as climate change and biodiversity loss, is prompting farmers across the region to seek eco-friendly farming practices. The regulatory pressures & certification requirements for sustainability standards, particularly in food & agriculture markets, incentivize farmers to implement sustainable practices in South America.

Besides, consumer preferences for ethically produced & environmentally friendly products, such as organic fruits, vegetables, and grains, are driving market demand for sustainably grown crops. Consequently, government bodies across the region are focusing on the development & implementation of technologically advanced farming solutions for producing sustainable products.

Thus, continued initiatives of the governments of South American countries to boost their GDP health by including sustainable agriculture practices are anticipated to boost the revenue growth of South America Precision Agriculture Market size during 2024-30.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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South America Precision Agriculture Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• By Offering
  • Hardware- Market Size & Forecast 2019-2030, (USD Million)
    • Automation & Control System- Market Size & Forecast 2019-2030, (USD Million)
      • GPS/GNSS System- Market Size & Forecast 2019-2030, (USD Million)
      • Guidance & Steering System- Market Size & Forecast 2019-2030, (USD Million)
      • Flow & Application Rate Control Solutions- Market Size & Forecast 2019-2030, (USD Million)
      • Handheld Computers/Mobile devices- Market Size & Forecast 2019-2030, (USD Million)
      • Agriculture Cameras- Market Size & Forecast 2019-2030, (USD Million)
      • Others (Variable Rate Technology (VRT) Devices, Automated Planting Systems, etc.) - Market Size & Forecast 2019-2030, (USD Million)
    • Sensing & Monitoring- Market Size & Forecast 2019-2030, (USD Million)
      • Yield Monitors- Market Size & Forecast 2019-2030, (USD Million)
      • Remote Sensing Systems- Market Size & Forecast 2019-2030, (USD Million)
      • GPS Mapping & Satellite Imagery
      • Others (Environmental Monitoring Devices, Precision Irrigation Sensors, etc.)- Market Size & Forecast 2019-2030, (USD Million)
    • UAVs & Drones
  • Software- Market Size & Forecast 2019-2030, (USD Million)
  • Services- Market Size & Forecast 2019-2030, (USD Million)
    • Integration & Deployment- Market Size & Forecast 2019-2030, (USD Million)
    • Maintenance & Repair- Market Size & Forecast 2019-2030, (USD Million)
    • Others (Data Analytics & Insights Services, Training & Consultancy Services, etc.)- Market Size & Forecast 2019-2030, (USD Million)
• By Application
  • Precision Irrigation- Market Size & Forecast 2019-2030, (USD Million)
  • Yield Monitoring- Market Size & Forecast 2019-2030, (USD Million)
  • Precision Spraying- Market Size & Forecast 2019-2030, (USD Million)
    • Targeted Pesticide Spraying
  • Precision Fertilization- Market Size & Forecast 2019-2030, (USD Million)
  • Precision Planting- Market Size & Forecast 2019-2030, (USD Million)
    • Optimization of Planting Lines
  • Data Management- Market Size & Forecast 2019-2030, (USD Million)
  • Others
    • Nematode Mapping
    • Weed Mapping
    • Others
• By Crop Type
  • Cereals & Grains- Market Size & Forecast 2019-2030, (USD Million)
  • Oil Seeds & Pulses- Market Size & Forecast 2019-2030, (USD Million)
  • Fruits & Vegetables- Market Size & Forecast 2019-2030, (USD Million)
  • Others (Herbs, Ornamental Plants, etc.)- Market Size & Forecast 2019-2030, (USD Million)
• By Country
  • Brazil
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Rest of South America

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   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

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