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- The convergence of IT with agriculture, coupled with government initiatives and decline in sensor prices, is driving the growth of the market.

- A growing number of applications for telematics in agriculture are anticipated to drive the demand for crop monitoring over the forecast period. Telematics services include tracking devices using Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes.

- The adoption for these solutions is found to be high in areas where labor costs are high and land costs are relatively inexpensive.

- The increasing demand for UAVs and the recent success of precision farming in increasing the productivity of major crops are expected to open up new growth opportunities in the near future.

- Further, measures taken by various governments to meet the increasing food demand is stimulating the market growth. For instance, the US Department of Agriculture, NASA, and NOAA contribute to precision farming, by the development of advanced technologies in GPS navigation. Also, the Indian government provides 100% cost subsidy to Precision Farming Development Centres (PDFCs).
- However, low awareness and high initial costs may hamper the growth of the market. Besides, due to low penetration, presently, the technology is majorly used in developed countries.

Free Sample report for this report is available :-Crop Monitoring Technology in Precision Farming Market Size, Share, Growth, Trends, Forecast (statzyreports.com)

Key Market Trends

GPS and GNSS Adoption to Drive the Market Growth

- Miniaturization and improved accuracy of the global navigation satellite system (GNSS) technology (of which, GPS is mostly in use, at present) makes it possible for wide-scale adoption of precision farming technologies for geo-positioning and field mapping.

- The United States is the leading country, in terms of the GNNS/GPS technology used in agriculture. Nearly 70% of the advanced technologies in the US farms are using some level of GPS/GNSS.

- GPS-based applications in precision farming include major areas, such as yield mapping and monitoring, and farm planning, along with field mapping, soil sampling, tractor guidance, crop scouting, variable rate applications.

- Therefore, with increased adoption of GPS and GNSS, coupled with the benefits offered, the demand for crop monitoring is set to increase over the forecast period.

United States to Account for the Largest Share

- As per the estimates of the US Department of Agriculture, nearly 2,029,200 farms in the United States used 950 million acre land, in 2017. With a huge dependency on the agriculture sector, the government in the country is increasingly focusing on implementing precision farming technologies.

- The key agencies responsible for the uprising in large-scale agriculture in the United States include NASA, NOAA, and the US Department of Agriculture. Their goal is to improve farmer’s profitability and reduce the environmental concerns caused due to the application of various chemicals.

- Moreover, although the Federal Aviation Administration (FAA) had laid out restrictions on the flying of drones, as per their new rules passed in 2016. Drones for commercial purposes, weighing up to 55 lb, can be used in the United States during daylight hours. These initiatives have aided the adoption of precision farming in the country.

- Further, according to the Farm Profits and Adoption of Precision Agriculture study in 2017, yield mapping is used on about 40% of US corn and soybean acres, GPS soil maps on about 30%, guidance on over 50%, and VRT on 28-34% of acres.

Competitive Landscape

Market penetration remains fairly moderate and is estimated to grow considerably during the forecast period. A study on the current competitive scenario revealed that more than 50% of the market players relied on strategic acquisitions or R&D collaboration, while other firms focused on expanding product portfolios, to tackle the increasing levels of market penetration. Some key players in the market are AGCO Corporation, AG Junction Inc., John Deere, Dickey-john Corporation, Teejet Technologies Illinois LLC, Raven Industries Inc., Lindsay Corporation, Monsanto Company, Valmont Industries Inc., Yara International ASA, Topcon Precision Agriculture, Trimble Navigation Limited, E.I.Du Pont De Nemours and Company (Dupont), Land O'lakes Inc., and BASF SE, among others.

- April 2019: Yara International partnered with IBM to combine world-class agronomy and cutting edge technology to develop a digital farming platform which will help farmers worldwide to increase food production.

- June 2018: AG Junction announced the opening of the HandsFreeFarm.com online store, with the aim to bring low-cost, simple-to-use precision agriculture solutions directly to all farmers.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit : Crop Monitoring Technology in Precision Farming Market Size, Share, Growth, Trends, Forecast (statzyreports.com)

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The Covid shock of 2020 devastated most industries and the startup ecosystem was no exception, Sequoia issued a memo calling coronavirus the Black Swan of 2020 and Nasscom said 40% of Indian tech start-ups were forced to halt operations. Many start-ups let go of their employees, did salary cuts, on the contrary Luxury Ride, a chain of pre-owned luxury cars start-up headquartered at Gurugram has not only survived the pandemic with ease, but today completes successful 6 years, given 10 lacs rupees cash as reward to the GM-Sales and also has awarded 11 staff members who has been working with Luxury Ride from more than 3 years. Luxury Ride catering to the bigger section of the society, who have a dream of buying luxury cars at an economical price and also avail the after car services at an affordable rate. 

Sumit Garg, Co-Founder and Managing Director at Luxury Ride said, “Following your passion, earning money from doing what you love is the ultimate happiness. I always had a passion for luxury, exotic cars and I am lucky that I could transform my passion into a hugely successful venture and pursue my childhood dream. We started in 2015 with a single showroom and had no car to showcase in our showroom, but here we are in 2021 with 1000+ cars, 4000+ happy customers, 150+ employees, built India’s biggest showroom in Karnal and dominating the North India market. Our passion for luxury cars has come a long way and it will continue to grow as we will expand in Central India, Southern India and in Western India. We will be opening 50 new showrooms across India with service centres, to offer all services under one roof to our valuable customers. We recently forayed in the exotic sports car category and 10% of our stocks will be of this. The journey of six years has been really amazing and we have come a long way, the pandemic was kind to us and we have survived the pandemic with decent sales and have added many new customers to our family. Today, we have retail presence in cities like Delhi, Karnal, Chandigarh, Dehradun, Jaipur, Ludhiana, and Gurugram. Our mission is to not only provide certified, pre-owned luxury cars at an economical rate but also provide after car services at a very affordable cost. We at Luxury Ride believe that trust, transparency, quality control are the pillars of Luxury Ride. This six years of journey are only possible because of our team, customers, our mentors & investors, and we thank all of them from the bottom of my heart.”

About Luxury Ride:  Co-Founded by Sumit Garg and serial angel investor Dhianu Das in 2015, Luxury Ride is among India’s fastest-growing and largest chain of pre-owned, multi-brand luxury car showrooms, offering end to end services from buying, selling, servicing, insurance, roadside assistance to car modification and more. It has seen tremendous growth year on year and is now present in seven cities across North India (Karnal, Gurugram, New Delhi, Ludhiana, Dehradun, Jaipur, and Chandigarh) - through a mix of owned and franchised outlets. Luxury Ride has sold 800+ luxury cars and serviced over 10,000 cars since inception. Its pre-owned luxury car portfolio includes Audi, BMW, Mercedes, Porsche, Volvo, Jaguar, Land Rover, Mini Cooper, and others. At Luxury Ride every car is put through 150 quality tests and it's the first in India to offer a 15-day buy back guarantee. It aims to be a one-stop destination for pre-owned luxury cars providing buying, selling, servicing, detailing, insurance, roadside assistance, car modification and much more, all under a single roof. Luxury Ride’s vision is to make luxury cars affordable for more customers and set new benchmarks in the space be it service, selling or the whole experience. Do visithttps://luxuryride.in/ for details. 

For media contact- Shaifali Rawat, This email address is being protected from spambots. You need JavaScript enabled to view it. ; 8588977924.

Beachwood, Ohio, USA, March 31, 2021 -- An online-only Fine Estates Collection auction featuring 432 lots of merchandise from the homes of celebrated interior designers, to include personal collections of traditional furnishings and European antiques, is slated for Saturday, April 10th, at 10 am Eastern time by Neue Auctions, based in Beachwood, an upscale suburb located just outside Cleveland.

Two gorgeous oval paintings, both nicely framed, are expected to attract keen bidder interest. One is an 18th century French School oil on canvas portrait of a gentleman, relined, with a canvas size of 28 ½ inches by 23 inches (est. $4,000-$6,000). The other is a 19th century Hudson River School oil painting of a mountainous river landscape with a river, fishermen and a sailboat, in very good condition with some craquelure, 21 inches by 26 inches (canvas) (est. 3,000-$5,000).

A realistically modeled, life-size wood tack shop horse figure made in the early 20th century of wood and gesso, 82 inches tall, painted white, with natural horsehair tail, leather ears, glass eyes and a moveable mouth, has an estimate of $2,000-$4,000; while another equestrian-themed item, a late 19th century plaster sculpture Lady of the Belle Epoque on a Dappled Gray Horse by Henri (Comte) Geoffrey de Ruille (French, 1842-1922), 21 inches tall, should gavel for $1,500-$2,500.

Decorative accessories will feature a pair of American gray painted pine columnar capitals carved in the Corinthian style, originally made around 1900 for a building in the state of Maine, but never used, 21 inches tall each (est. $3,000-$5,000); and a 19th century Scottish mahogany fire screen, framed and carved with an ivy and berry pattern enclosing a petit-point needlework picture of a grandfather leading his granddaughter on a pony, plus two dogs (est. $400-$600).

Internet bidding will be facilitated by Liveauctioneers.com, Invaluable.com and Bidsquare.com. Phone and absentee bids will also be accepted. Neue Auctions is open for gallery previews, Monday thru Friday, from 9 am to 5 pm, at 23533 Mercantile Rd. (Ste. 119) in Beachwood. All COVID-19 safety protocols will be in place (social distancing etc.). Masks are required of all.

Neue Auctions invites everyone to be added to its email list to receive notifications and information regarding all current and future sales. For info, visit www.neueauctions.com. To learn more about Neue Auctions and the Fine Estates Collection auction planned for Saturday, April 10th at 10 am Eastern time, visit www.neueauctions.com. Updates are posted frequently.