$10.65 Bn Precision Weeding Market Analysis and Forecasts, 2024-2034: Increasing Use of Drones and Satellite Imagery and Expansion of Automation and Control Systems - ResearchAndMarkets.com

The "Precision Weeding Market - A Global and Regional Analysis: Focus on Application, Site of Application, Type, and Competitive Landscape - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.

The global precision weeding market is projected to reach $10.65 billion by 2034 from $1.81 billion in 2023, growing at a CAGR of 17.74% during the forecast period of 2024-2034.

The precision weeding market is emerging as a significant sector within agricultural technology, driven by the increasing demand for sustainable farming practices and enhanced crop yields. This market involves the use of advanced technologies such as machine learning, robotics, and artificial intelligence to identify and eliminate weeds with high precision, thereby minimizing the use of herbicides and reducing environmental impact. Precision weeding systems, including autonomous robots and smart sprayers, utilize sensors and imaging technologies to distinguish between crops and weeds.

The global precision weeding market is experiencing significant growth due to technological advancements and the increasing need for sustainable agricultural practices. Precision weeding, which utilizes technologies such as machine vision, robotics, and artificial intelligence, enables farmers to target and remove weeds with high accuracy, reducing the need for chemical herbicides. This not only helps in lowering production costs but also mitigates environmental impact and promotes healthier crop growth.

The adoption of precision weeding technologies is driven by several factors, including the rising demand for organic produce and the necessity to enhance crop yield to meet the growing global food demand. Additionally, labor shortages in agriculture have accelerated the integration of automated solutions, further boosting the market. Key players in the industry are investing heavily in research and development to introduce more efficient and cost-effective weeding solutions.

The collaboration between tech companies and agricultural firms is fostering innovation, leading to the development of advanced weeding robots and smart farming systems. As a result, the precision weeding market is poised to transform traditional farming methods, offering sustainable solutions to the challenges faced by modern agriculture. This market evolution is expected to continue, driven by technological advancements and the increasing focus on sustainable farming practices.

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different precision weeding equipment and solutions. Moreover, the study provides the reader with a detailed understanding of the global precision weeding market. Furthermore, there is a growing demand for reliable and cost-effective precision weeding. Manufacturers can seize opportunities to design and produce next-generation precision weeding equipment.

Growth/Marketing Strategy: The global precision weeding market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the global precision weeding market.

Competitive Strategy: Key players in the global precision weeding market analyzed and profiled in the study involve precision weeding manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global precision weeding market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The global precision weeding market has been segmented by different types, among which weed detection platform held around 79% and weed management held around 21% of the total production in 2023 in terms of value. The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.

Some of the prominent established names in this market are:

Weed Detection Platform

• Deere & Company
• Trimble Inc.
• One Smart Spray
• WEED-IT
• Ecorobotix SA
• Naio Technologies
• Latitudo 40
• Others

Weed Management

• XAG Co., Ltd.
• Carbon Robotics
• FarmWise
• AGCO Corporation
• AgEagle Aerial Systems Inc
• Erisha Agritech
• Others

Key Attributes:

Key Topics Covered:

Executive Summary

Scope and Definition

1 Markets

1.1 Trends: Current and Future Impact Assessment

1.1.1 Trends Shaping Precision Weeding Market

1.1.2 Expansion of Automation and Control Systems

1.1.3 Increasing Use of Drones and Satellite Imagery

1.2 Supply Chain Overview

1.2.1 Value Chain Analysis

1.2.2 Market Map

1.2.2.1 Precision Weeding Market - Product (by Type)

1.2.2.1.1 Weed Detection Platform

1.2.2.1.2 Weed Management

1.2.3 Pricing Forecast

1.3 Research and Development Review

1.3.1 Patent Filing Trend (by Country and Company)

1.4 Regulatory Landscape

1.5 Stakeholder Analysis

1.5.1 Use Case

1.5.2 End User and Buying Criteria

1.6 Market Dynamics Overview

1.6.1 Market Drivers

1.6.1.1 Growing Concerns about Herbicide-Resistant Weeds

1.6.1.2 Increasing Technological Advancements

1.6.2 Market Challenges

1.6.2.1 High Initial Cost of Precision Weeding Technologies or Equipment

1.6.2.2 Increasing Cyberattacks and Rising Concerns over Data Security

1.6.3 Market Opportunities

1.6.3.1 Increasing Development of IOT, Big Data Analytics, and Machine Learning

1.6.3.2 Increasing Adoption of Variable Rate Technology (VRT)

2 Application

2.1 Application Segmentation

2.2 Application Summary

2.3 Precision Weeding Market (by Application)

2.3.1 Agriculture

2.3.1.1 Cereals and Grains

2.3.1.2 Berries and Vegetables

2.3.1.3 Oilseeds and Pulses

2.3.1.4 Orchards and Vineyards

2.3.2 Non-Agriculture

2.4 Precision Weeding Market (by Site of Application)

2.4.1 Open Field

2.4.2 Controlled-Environmental Agriculture

3 Products

3.1 Product Segmentation

3.2 Product Summary

3.3 Precision Weeding Market (by Type)

3.3.1 Weed Detection Platform

3.3.2 Weed Management

3.3.2.1 Robotic Weeder

3.3.2.1.1 Self-Propelled Robotic Weeder

3.3.2.1.2 Tractor-Mounted Robotic Weeder

3.3.2.2 Drone or UAV Sprayer

3.3.2.3 Integrated Retrofit Technology

4 Regions

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