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The global agricultural variable rate technology market is expected to grow from $3.06 billion in 2021 to $3.47 billion in 2022 at a compound annual growth rate (CAGR) of 13.5%. The global agricultural variable rate technology market size is expected to grow to $6.25 billion in 2026 at a CAGR of 15.8%.

Increasing government expenditures and policymaking in the agricultural sector are significantly driving the growth of the agricultural variable rate technology market.

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The agricultural variable rate technology market consists of sales of agricultural variable rate technology by entities (organizations, sole traders, and partnerships), which refers to a branch of technology concerned with automated applications which mainly focuses on the automated applications that are used in agriculture. The agricultural data is collected by sensors, maps, and GPS. These technologies are used to spray fertilizers and chemicals and to plant seeds. These agricultural variable rate technologies help to manage crop production.

Global Agricultural Variable Rate Technology Market Segments Include:

By Product: Soil Sensing Variable Rate Technology, Fertilizer Variable Rate Technology, Seeding Variable Rate Technology, Crop Protection Chemical Variable Rate Technology, Yield Monitor Variable Rate Technology, Irrigation Variable Rate Technology

By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables

By Farm Size: Large Farms, Small Farms, Mid-Size Farms

By Application: Fertilizers, Crop Protection Chemicals, Soil Sensing, Yield Monitoring, Irrigation

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global agricultural variable rate technology market in 2021.

Technological advancement is shaping the agricultural variable rate technology market. Major companies operating in the agricultural variable rate technology market sector are focused on developing new technological solutions to strengthen their position.

TBRC’s Agricultural Variable Rate Technology Market Report Covers:

Major Market Players: The Climate Corporation, Deere & Company, Trimble Inc., AGCO Corporation, Topcon Corporation, CNH Industrial NV, Yara International, Valmont Industries, Inc., AgJunction, AG Leader Technology, Raven Industries Inc., Kubota Corporation, Lindsay Corporation, Ageagle Aerial Systems, and Hexagon.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Agricultural Variable Rate Technology Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides agricultural variable rate technology market overviews, analyzes and forecasts market size, share, agricultural variable rate technology market players, agricultural variable rate technology market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s agricultural variable rate technology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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