According to the business intelligence report ‘Global Agricultural Variable Rate Technology Market Size study, by Offering (Hardware, Variable Rate Software, Variable Rate Services), by Type ( Fertilizer VRT, Crop Protection Chemical VRT, Soil Sensing, Seeding VRT, Yield Monitoring, Irrigation VRT), By Crop Type (Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables), by Application Method ( Map-based VRT, Sensor-based VRT,), by Application Fit ( Fertilizers, Crop Protection Chemicals, Other application fit) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global agricultural variable rate technology market is slated to amass a notable valuation by 2028.

Rapid adoption of Artificial Intelligence (AI), drone technology as well as other advanced technologies in agriculture to boost crop yields, thereby increasing productivity and efficiency at low labor costs, is a major factor driving global agricultural variable rate technology market growth.

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For the uninitiated, agricultural VRT (variable rate technology) is a technologically based precision farming component that is leveraged to produce a variety of crops to a particular area. These include agricultural products such as crop protection agents, fertilizers, and seeds that aid in improving agricultural output.

In addition, growing adoption of technologically-sound tools within the agriculture sector, and penetration of VRT services by leading players are likely to unearth new opportunities for market expansion in the ensuing years.

However, challenges associated with the expensive nature of such solutions are expected to hinder the progress of the business sphere over the forecast timeframe.

Speaking of segmentation, worldwide agricultural variable rate technology marketplace is evaluated by type, offering, crop type, application fit, and application method to give the stakeholders a clear depiction of the growth potential of the market during the research period.

From a regional frame of reference, North America market is slated to amass substantial revenue share during the assessment period, due to a robust infrastructure for large scale farm operations given that North America is the world’s largest exporter of agriculture products.

Meanwhile Asia Pacific industry is estimated to register rapid expansion during the projected timeline, owing to rapid population growth and the availability of huge landmasses that are propelling the agriculturists to introduce enhanced mechanisms to boost productivity, combined with increasing popularity of drones used to plant seeds & spray pesticides in the South Asian nations

The established names in global agricultural variable rate technology industry are Valmont Industries, Inc., SZ DJI Technology Co., Ltd., Topcon Corporation, Trimble, Inc., Deere & Company, CNH Industrial N.V., Lindsay Corporation, Kubota Corporation, AGCO Corporation, and Yara International ASA.