The global Variable Rate Technology (VRT)market was valued at USD 1.29billion in 2016 and is projected to reach USD 2.95billionby 2025, growing at a CAGR of 9.62% from 2017 to 2025.
Variable-rate technology (VRT) describes any technology which enables producers to vary the rate of crop inputs. VRT combines a variable-rate (VR) control system with application equipment to apply inputs at a precise time and/or location to achieve site-specific application rates of inputs.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Improved Efficiency and Productivity Through Improved Crop Yields
1.2 Suitable Govt. Regulations
1.3 Increase in Avg. age of Farmers in developed regions
2. Market Restraints
2.1 High Initial Cost and investments
2.2 Lack of awareness with respect to VRT
Market Segmentation:
1. By Farm Size:
1.1 Large Farms
1.2 Mid-Size Farms
1.3 Small Farms
2. By Application:
2.1 Map-Based VRT
2.2 Sensor-Based VRT
3. By Crop Type:
3.1 Cereals & Grains
3.1.1 Corn
3.1.2 Wheat
3.1.3 Others
3.2 Oilseeds & Pulses
3.2.1 Soybean
3.2.2 Cotton
3.2.3 Others
3.3 Fruits & Vegetables
3.4 Others
4. By Type:
4.1 Fertilizer VRT
4.2 Crop Protection Chemical VRT
4.3 Soil Sensing VRT
4.4 Seeding VRT
4.5 Yield Monitor VRT
4.6 Irrigation VRT
4.7 Other VRT Types
5. By Offering:
5.1 Hardware
5.1.1 GPS/DGPS Receivers
5.1.2 Handheld Computers
5.1.3 Sensors
5.1.4 Yield Monitors
5.1.5 Others
5.2 VRT Software
5.3 VRT Service
5.3.1 Farm Operation Services
5.3.2 Integration & Consulting Services
5.3.3 Others
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Deere & Company
2. Trimble, Inc.
3. Agco Corporation
4. Topcon Corporation
5. CNH Industrial N.V.
6. Kubota Corporation
7. Yara International ASA
8. SZ DJI Technology Co., Ltd.
9. Valmont Industries, Inc.
10. Lindsay Corporation
11. Raven Industries, Inc.
12. AG Leader Technology
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Variable Rate Technology (VRT)marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
1 INTRODUCTION OF GLOBAL VARIABLE RATE TECHNOLOGY (VRT)MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL VARIABLE RATE TECHNOLOGY (VRT)MARKETOUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL VARIABLE RATE TECHNOLOGY (VRT) MARKET, BY FARM SIZE:
5.1 Large Farms
5.2 Mid-Size Farms
5.3 Small Farms
6 GLOBAL VARIABLE RATE TECHNOLOGY (VRT) MARKET, BY APPLICATION:
6.1 Map-Based VRT
6.2 Sensor-Based VRT
7 GLOBAL VARIABLE RATE TECHNOLOGY (VRT) MARKET, BY CROP TYPE:
7.1 Cereals & Grains
7.1.1 Corn
7.1.2 Wheat
7.1.3 Others
7.2 Oilseeds & Pulses
7.2.1 Soybean
7.2.2 Cotton
7.2.3 Others
7.3 Fruits & Vegetables
7.4 Others
8 GLOBAL VARIABLE RATE TECHNOLOGY (VRT) MARKET, BY TYPE
8.1 Fertilizer VRT
8.2 Crop Protection Chemical VRT
8.3 Soil Sensing VRT
8.4 Seeding VRT
8.5 Yield Monitor VRT
8.6 Irrigation VRT
8.7 Other VRT Types
9 GLOBAL VARIABLE RATE TECHNOLOGY (VRT) MARKET, BY OFFERING:
9.1 Hardware
9.1.1 GPS/DGPS Receivers
9.1.2 Handheld Computers
9.1.3 Sensors
9.1.4 Yield Monitors
9.1.5 Others
9.2 VRT Software
9.3 VRT Service
9.3.1 Farm Operation Services
9.3.2 Integration & Consulting Services
9.3.3 Others
10 GLOBAL VARIABLE RATE TECHNOLOGY (VRT)MARKET, BY GEOGRAPHY
10.1 Overview
10.2 North AmericaRegional Market Estimates and Forecasts, 2012 - 2025
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 EuropeRegional Market Estimates and Forecasts, 2012 - 2025
10.3.1 Germany
10.3.2 U.K.
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia PacificRegional Market Estimates and Forecasts, 2012 - 2025
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
10.5 Latin AmericaRegional Market Estimates and Forecasts, 2012 - 2025
10.5.1 Brazil
10.5.2 Argentina
10.6 Rest of the WorldRegional Market Estimates and Forecasts, 2012 - 2025
11 GLOBAL VARIABLE RATE TECHNOLOGY (VRT)MARKETCOMPETITIVE LANDSCAPE
11.1 Overview
11.2 Company Market Share
11.3 Vendor Landscape
11.4 Key Development Strategies
12 COMPANY PROFILES
12.1 Deere & Company
12.1.1 Overview
12.1.2 Financial Performance
12.1.3 Product Outlook
12.1.4 Key Developments
12.2 Trimble, Inc.
12.2.1 Overview
12.2.2 Financial Performance
12.2.3 Product Outlook
12.2.4 Key Developments
12.3 Agco Corporation
12.3.1 Overview
12.3.2 Financial Performance
12.3.3 Product Outlook
12.3.4 Key Developments
12.4 Topcon Corporation
12.4.1 Overview
12.4.2 Financial Performance
12.4.3 Product Outlook
12.4.4 Key Developments
12.5 CNH Industrial N.V.
12.5.1 Overview
12.5.2 Financial Performance
12.5.3 Product Outlook
12.5.4 Key Developments
12.6 Kubota Corporation
12.6.1 Overview
12.6.2 Financial Performance
12.6.3 Product Outlook
12.6.4 Key Developments
12.7 Yara International ASA
12.7.1 Overview
12.7.2 Financial Performance
12.7.3 Product Outlook
12.7.4 Key Developments
12.8 SZ DJI Technology Co., Ltd.
12.8.1 Overview
12.8.2 Financial Performance
12.8.3 Product Outlook
12.8.4 Key Developments
12.9 Valmont Industries, Inc.
12.9.1 Overview
12.9.2 Financial Performance
12.9.3 Product Outlook
12.9.4 Key Development
12.10 Lindsay Corporation
12.10.1 Overview
12.10.2 Financial Performance
12.10.3 Product Outlook
12.10.4 Key Development
12.11 Raven Industries, Inc.
12.11.1 Overview
12.11.2 Financial Performance
12.11.3 Product Outlook
12.11.4 Key Development
12.12 AG Leader Technology
12.12.1 Overview
12.12.2 Financial Performance
12.12.3 Product Outlook
12.12.4 Key Development
13 Appendix
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