The Yield Monitoring System Market research report includes a thorough analysis of the market drivers, restraints, threats, and opportunities while it also addresses the lucrative investment options for the market players in the coming years. A team involved in creating this market report has kept certain things into focus that include the minds of target markets, feelings, preferences, attitudes, convictions and value systems. The market size, revenue generated from the sales and technologies by various application segments are also evaluated in the reliable Yield Monitoring System Market report. Estimates at a global as well as regional level are offered by the analysts.

The large scale Yield Monitoring System Market report compiles comprehensive intelligence studies that explore almost every aspect of the global market. With a formalized and managerial approach, it has been assured that all the above mentioned factors are understood well and explored neatly in the report. The data and information is extensively researched and analyzed in the report to guide market players to improve their business planning and ensure long-term success. The world class Yield Monitoring System Market report also endows with the complete overview of the market that deals with the various aspects such as product definition, market segmentation, and the prevailing vendor landscape.

Global Yield Monitoring System Market was valued at USD 2.15 billion in 2021 and is expected to reach USD 3.87 billion by 2029, registering a CAGR of 7.60% during the forecast period of 2022-2029.

Definition

Yield monitoring is a precision technique that provides farmers with information about yield productivity. The system is primarily used to track a variety of parameters such as weather, pesticides, soil qualities, and fertilizer requirements for crop production. The yield monitor is made up of a task monitor that performs multiple tasks in a yield monitoring system, including providing a visual interface for the user, storing yield data on a removable storage disk, managing sensor calibration, and diagnosing any sensor faults.

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Key Growth Drivers:

Growing knowledge about precision farming

Precision farming, one of the most advanced methods of agriculture management, is gaining popularity. It also includes determining, responding to, and monitoring crop variability across and within fields. This is likely to increase market demand for yield monitoring systems.

Cost efficient technology

The market is predicted to develop due to its sophisticated technical features and reduced processing costs. The integration of advanced technologies to improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture assist in the expansion of   the market.

Rise in the food demand

Increased agricultural productivity is under pressure as a result of fast rising food demand, which can be met through creative and efficient yield monitoring technologies. This is a major driver of the market's expansion.

The report emphasizes the participation of key entities, notably:

• Trimble Inc (US)
• AGCO Corporation. (US)
• Raven Industries, Inc. (US)
• Ag Leader Technology (US)
• Mouser Electronics, Inc. (US)
• CNH Industrial Group (UK)
• Topcon (Japan)
• Grains Research and Development Corporation (Australia)
• SPL Technologies Pvt. Ltd. (India)
• AG Leader Technology Inc. (US)
• AGCO Corporation (US)
• AgJunction Inc. (Canada)
• AgEagle Aerial Systems, Inc. (US)
• Valmont Industries Inc. (US)
• Agsmart Pty Ltd (Australia)
• BouMatic (US)
• CROPMETRICS (US)
• Trimble Inc. (US)
• CropX Inc. (Israel)
• Deere & Company (US)
• Farmers Edge Inc. (Canada)
• GEA Group Aktiengesellschaft (Germany)

Report Objective:

• Investigate the yield monitoring system market, focusing on strategic movements like collaborations, agreements, mergers, and product launches.
• Explore market diversification avenues such as new products, unexplored regions, recent advancements, and investments in yield monitoring system market.
• Streamline initial research efforts by identifying yield monitoring system market growth, size, key players, and segments, saving valuable time.
• Highlight pivotal industry trends in the yield monitoring system market to empower players in devising effective, sustainable strategies.
• Analyze micro markets for their individual growth trajectories, potential, and contributions to the overall market.
• Shape or refine business expansion strategies leveraging growth opportunities in both established and emerging markets.

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Key Market Segmentation

By Technology (Guidance System, Global Positioning System (GPS), Global Yield Monitoring System Geographic Information System (GIS), Handheld, Satellite, Remote Sensing System), Component (Hardware, Software, Services), Application (Variable Rate Application, Crop Scouting, Field Mapping, Others), End User (Farmers, Agriculture Consultant, Research Bodies, Others), Type (Mass Flow Sensor, Moisture Sensor, GPS Receiver) 

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