CAGR of the Global Yield Monitoring Devices market is expected to be 7.4% during the forecast period and the market size is expected to reach nearly US$ 3.8 billion by 2026.Global Yield Monitoring Devices Market Introduction
Farmers can use yield monitoring equipment and services to collect yield data while harvesting to assess the impact of weather, fertilizers, pesticides, and soil characteristics on yield output. The adoption of novel technology linked to yield monitoring devices has resulted in a continuous improvement in agricultural production in recent years, allowing producers to significantly boost their profitability. The use of these gadgets and services primarily aids in the improvement of site-specific farming.Global Yield Monitoring Devices Market Dynamics
With the advent of novel technologies in standardization, automation, and mechanization, farmers are seeing a significant rise in crop production, the global yield monitoring devices market is positioned for rapid growth. The yield monitor shows important data such as coverage, grain flow, global position, and grain moisture. Yield monitors offer farmers a field production map that provides an accurate evaluation of the field's yield variance. Farmers can use yield monitoring systems to analyze the impact of fertilizers and insecticides, as well as soil characteristics and weather, on yield output. The major growth driver for the yield monitoring devices market is projected to be significant cost savings realized as a consequence of valued inputs such as fertilizers, chemicals, seeds, and gasoline. Subsidies from the government to help farmers use yield monitoring equipment are likely to have a positive influence on market growth. Yield monitoring systems have had unequal regional acceptance, with the adoption rate being highest in places with high commodity prices, plentiful land, and little labor. In the United States, yield monitoring devices and services have reached the end of their product life cycle, and existing systems are likely to be upgraded significantly. Recent technical advances in yield monitoring services have helped to significantly reduce input costs for seeds, pesticides, fertilizers, and fuel use, which is a key driver driving market growth. Furthermore, government initiatives in the form of subsidies urge farmers to use various yield monitoring systems, giving the market a boost. The development of Unmanned Aerial Vehicles (UAVs) for yield monitoring is expected to provide substantial market growth prospects. Furthermore, the use of high-end technology such as the Internet of Things (IoT) in relation to yield monitoring has enormous potential for market growth. A significant market issue that leading market competitors must solve in order to acquire a foothold in the market is the accurate and exact calibration of yield monitoring equipment. However, the market's growth is hampered by a lack of knowledge of yield monitoring services, a scarcity of specialists, and a lack of use of yield data.Global Yield Monitoring Devices Market Segment Analysis
The GPS segmented accounted for a significant share of xx% in 2019. The global positioning system receiver (GPS), mass flow sensor, yield monitor, and moisture sensor are the four key components of yield monitoring and mapping. During the harvest, these technologies are placed on a combined harvester and are in use. Sensors capture data, which is then saved in a device inside the combine. A GPS receiver is a remote sensor that measures the position of a combine, as well as height, speed, and other variables. It keeps track of geo-referenced data that may be turned into useful maps for farmers to use. The significance of these findings is enormous. Farmers may assess various yield parameters and enhance yield management using information obtained from these sources. In addition, they have a comprehensive picture of the yield situation, which allows them to manage regions that need to be watered more and figure out why other fields aren't generating any produce at all. They may also plan future nutrition strategies and adjust the in-field management method based on yield potential. Their decision-making process gets easier and more trustworthy as a result of all of this knowledge. The above-mentioned factors are expected to drive the segment’s growth during the forecast period.To know about the Research Methodology :- Request Free Sample Report
Global Yield Monitoring Devices Market Regional Insights
In 2020, the Yield Monitoring Devices and Services market in the United States was worth US$652.6 million. The region is a technology, early adopter. Increased government incentives for the use of new agriculture technology, as well as increasing infrastructure, have all contributed to the regional market's high income. In the worldwide market, the country held a 29.54% stake. Over the forecast period, Asia Pacific is expected to grow significantly. From 2020 to 2026, the region is anticipated to grow at a rate of above xx%. In emerging nations like India, Sri Lanka, and Nigeria, several government programs are underway to stimulate the adoption of sophisticated precision agricultural technology, therefore increasing production. China, the world's second-biggest economy, is expected to reach a market size of US$620.0 million by 2026, with a compound annual growth rate of xx%. Japan and Canada are two additional significant regional markets, with growth forecasts of xx% and xx%, respectively, from 2020 to 2026. Germany is expected to grow at a CAGR of around xx% in Europe, while the rest of the European market (as defined in the report) is expected to reach US$XX million by 2026.Global Yield Monitoring Devices Market Report Scope: Inquire before buying
Global Yield Monitoring Devices Market, by Region
• North America • Europe • South America • MEA • Asia PacificGlobal Yield Monitoring Devices Market Key Players
• Ag Leader Technology • Deere & Company • Precision Planting Inc. • Raven Industries Inc. • AgJunction Inc. • AGCO Corporation • Trimble Navigation Limited • Case IH • TeeJet Technologies • Topcon Precision Agriculture • Mouser Electronics • Syngenta Thrive • Bosch • Farmers Edge, Inc. • Granular, Inc.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Yield Monitoring Devices Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Yield Monitoring Devices Market 3.4. Geographical Snapshot of the Yield Monitoring Devices Market, By Manufacturer share 4. Global Yield Monitoring Devices Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Yield Monitoring Devices Market 5. Supply Side and Demand Side Indicators 6. Global Yield Monitoring Devices Market Analysis and Forecast, 2019-2026 6.1. Global Yield Monitoring Devices Market Size & Y-o-Y Growth Analysis. 7. Global Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 7.1.1. Guidance Systems 7.1.1.1.1. Global Positioning System (GPS) 7.1.1.1.2. Geographic Information System (GIS) 7.1.2. Remote Sensing 7.1.2.1.1. Handheld 7.1.2.1.2. Satellite 7.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 7.2.1. Variable Rate Application (VRA) 7.2.2. Field Mapping 7.2.3. Soil Monitoring 7.2.4. Crop Scouting 7.2.5. Others 8. Global Yield Monitoring Devices Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 9.1.1.1.1. Global Positioning System (GPS) 9.1.1.1.2. Geographic Information System (GIS) 9.1.2. Remote Sensing 9.1.2.1.1. Handheld 9.1.2.1.2. Satellite 9.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 9.2.1. Variable Rate Application (VRA) 9.2.2. Field Mapping 9.2.3. Soil Monitoring 9.2.4. Crop Scouting 9.2.5. Others 10. North America Yield Monitoring Devices Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 12. Canada Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 13. Mexico Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 14. Europe Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 15. Europe Yield Monitoring Devices Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 17. France Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 18. Germany Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 19. Italy Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 20. Spain Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 21. Sweden Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 22. CIS Countries Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 23. Rest of Europe Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 24. Asia Pacific Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 25. Asia Pacific Yield Monitoring Devices Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 27. India Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 28. Japan Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 29. South Korea Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 30. Australia Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 31. ASEAN Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 32. Rest of Asia Pacific Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 33. Middle East Africa Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 34. Middle East Africa Yield Monitoring Devices Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 36. GCC Countries Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 37. Egypt Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 38. Nigeria Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 39. Rest of ME&A Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 40. South America Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 41. South America Yield Monitoring Devices Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 43. Argentina Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 44. Rest of South America Yield Monitoring Devices Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Yield Monitoring Devices Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Ag Leader Technology 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Deere & Company 45.3.3. Precision Planting Inc. 45.3.4. Raven Industries Inc. 45.3.5. AgJunction Inc. 45.3.6. AGCO Corporation 45.3.7. Trimble Navigation Limited 45.3.8. Case IH 45.3.9. TeeJet Technologies 45.3.10. Topcon Precision Agriculture 45.3.11. Mouser Electronics 45.3.12. Syngenta Thrive 45.3.13. Bosch 45.3.14. Farmers Edge, Inc 45.3.15. Granular, Inc 45.3.16. Other Key Players 46. Primary Key Insights