DUBLIN, September 21, 2021--(BUSINESS WIRE)--The "Israel Precision Farming Market, By Component (Hardware; Software; Services), By Hardware (Automation and Control Systems v/s Sensing & Monitoring Devices), By Software, By Services, By Technology, By Application, By Region, Company Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
Israel precision farming market is expected to grow at a significant CAGR in the forecast period.
The demand for precision farming is gaining momentum owing to the need for optimum crop production by efficiently utilizing the available resources. The rise in the labor cost required for farming due to the shortage of skilled labor force is the driving factor for the growth of the precision farming market in the forecast period.
The adoption of mechanization and technology to obtain maximum production from farming is paving the way for the precision farming market growth. The initiative started by the government with the Israel Innovative Institute, Ministry of Economy, Ministry of Agricultural and Rural Development called GrowingIL which aims to develop the Israeli ecosystem and reshape the agriculture technology to meet up the global standard by the implementation of the groundbreaking technology.
Israel precision farming market is segmented into component, technology, application, regional distribution, and company. Based on technology, the market can be divided into guidance system, remote sensing, and variable rate technology. The guidance system technology segment is expected to witness substantial growth in the forecast period, 2022-2026.
Guidance system technology consists of components GPS/GNSS, DGPS receiver, antenna, controller, handheld devices and display, data logger device, among others. Farmers use this technology to reduce the superimposition of tractors and the equipment pass thereby saving fuel and time and increasing the production volume.
Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
The major players operating on the precision farming market are
Prospera Technologies Ltd.
PickApp Farming Ltd.
Roots Sustainable Agricultural Technologies Ltd.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Israel Precision Farming Market, By Component:
Automation and Control Systems
Sensing & Monitoring Devices
System Integration & Consulting
Maintenance & Support
Professional & Managed Services
Israel Precision Farming Market, By Technology:
Variable Rate Technology
Israel Precision Farming Market, By Application:
Farm Labour Management
Israel Precision Farming Market, By Region:
The Mediterranean Coastal Plain
The Central Hills
The Jordan Rift Valley
The Negev Desert
For more information about this report visit https://www.researchandmarkets.com/r/z1fhvq
View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005508/en/
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