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Israel Precision Farming Markets, Forecast & Opportunities, 2021-2026: Automation and Control Systems v/s Sensing & Monitoring Devices - ResearchAndMarkets.com

·3-min read

DUBLIN, September 21, 2021--(BUSINESS WIRE)--The "Israel Precision Farming Market, By Component (Hardware; Software; Services), By Hardware (Automation and Control Systems v/s Sensing & Monitoring Devices), By Software, By Services, By Technology, By Application, By Region, Company Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

Israel precision farming market is expected to grow at a significant CAGR in the forecast period.

The demand for precision farming is gaining momentum owing to the need for optimum crop production by efficiently utilizing the available resources. The rise in the labor cost required for farming due to the shortage of skilled labor force is the driving factor for the growth of the precision farming market in the forecast period.

The adoption of mechanization and technology to obtain maximum production from farming is paving the way for the precision farming market growth. The initiative started by the government with the Israel Innovative Institute, Ministry of Economy, Ministry of Agricultural and Rural Development called GrowingIL which aims to develop the Israeli ecosystem and reshape the agriculture technology to meet up the global standard by the implementation of the groundbreaking technology.

Israel precision farming market is segmented into component, technology, application, regional distribution, and company. Based on technology, the market can be divided into guidance system, remote sensing, and variable rate technology. The guidance system technology segment is expected to witness substantial growth in the forecast period, 2022-2026.

Guidance system technology consists of components GPS/GNSS, DGPS receiver, antenna, controller, handheld devices and display, data logger device, among others. Farmers use this technology to reduce the superimposition of tractors and the equipment pass thereby saving fuel and time and increasing the production volume.

Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

The major players operating on the precision farming market are

  • Taranis Israel

  • Prospera Technologies Ltd.

  • CropX Technologies

  • PickApp Farming Ltd.

  • Metzer Group

  • Roots Sustainable Agricultural Technologies Ltd.

  • Haifa Group

  • Netafim Ltd

  • Tevatronic

  • Saturas Israel

Report Scope:

Years considered for this report:

  • Historical Years: 2016-2019

  • Base Year: 2020

  • Estimated Year: 2021

  • Forecast Period: 2022-2026

Israel Precision Farming Market, By Component:

  • Hardware

  • Automation and Control Systems

  • Sensing & Monitoring Devices

  • Software

  • Web Based

  • Cloud Based

  • Services

  • System Integration & Consulting

  • Maintenance & Support

  • Professional & Managed Services

Israel Precision Farming Market, By Technology:

  • Guidance System

  • Remote Sensing

  • Variable Rate Technology

Israel Precision Farming Market, By Application:

  • Yield Monitoring

  • Field Mapping

  • Crop Scouting

  • Weather Tracking

  • Irrigation Management

  • Farm Labour Management

  • Others

Israel Precision Farming Market, By Region:

  • The Mediterranean Coastal Plain

  • The Central Hills

  • The Jordan Rift Valley

  • The Negev Desert

For more information about this report visit https://www.researchandmarkets.com/r/z1fhvq

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005508/en/

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