Global Imaging Technology for Precision Agriculture Industry

Global Imaging Technology for Precision Agriculture Industry

  • April 2021 •
  • 281 pages •
  • Report ID: 5957023 •
  • Format: PDF
Abstract:
- Global Imaging Technology for Precision Agriculture Market to Reach $1.2 Billion by 2027
- Amid the COVID-19 crisis, the global market for Imaging Technology for Precision Agriculture estimated at US$737.5 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at aCAGR of 7.7% over the period 2020-2027. Multispectral, one of the segments analyzed in the report, is projected to record 7% CAGR and reach US$626 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hyperspectral segment is readjusted to a revised 8.5% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $199.4 Million, While China is Forecast to Grow at 11.8% CAGR
- The Imaging Technology for Precision Agriculture market in the U.S. is estimated at US$199.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$276.3 Million by the year 2027 trailing a CAGR of 11.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

- Select Competitors (Total 44 Featured) -
  • Bayspec, Inc.
  • MicaSense, Inc.
  • PIXELTEQ
  • Quest Innovations BV
  • Resonon
  • Sentek Sensor Technologies
  • Teledyne DALSA, Inc.
  • Tetracam Inc.
  • XIMEA GmbH