According to the latest market research report title “Latin America Precision Agriculture Market By Offering (Hardware, Software, Services), By Application (Precision Irrigation, Yield Monitoring, Precision Spraying, Precision Fertilization, Precision Planting, Data Management), By Crop Type (Cereals & Grains, Oil seeds & Pulses, Fruits & Vegetables, Others [Herbs, etc.], By Country (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Rest of Latin America)–Forecast to 2023″, published by MarkNtel Advisors, The Latin America Precision Agriculture Market is projected to grow at a CAGR of around 13.0% during the forecast period, i.e., 2023-28.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2023-28). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Latin America Precision Agriculture Market Key Trend:

Advancement in Technology such as LIDAR-enabled Drones – The contemporary era has witnessed an innovative phase in the field of agriculture, and precision agriculture has emerged as a pivotal constituent of modern-day farming methodologies. Specifically, the assimilation of LIDAR-endowed unmanned aerial vehicles (UAVs) has had a momentous impact on the market. These UAVs are equipped with sensors that emit laser beams, which, when reflecting, generate an intricate three-dimensional model of the terrain. The data collected can be utilized to fabricate incredibly precise maps of crops & fields, thereby furnishing farmers with an abundance of invaluable insights on the most optimal planting, fertilizing, and irrigation techniques.

Moreover, LIDAR-endowed UAVs can accumulate data in a prompt & precise manner, unlike traditional ground-based surveying methods that are time-consuming & susceptible to errors. By exploiting the capabilities of LIDAR-endowed UAVs, farmers can gather crucial data on their crops & fields, including, but not limited to soil erosion & drainage issues. Additionally, these UAVs can provide crucial information on the topography, soil moisture levels, and drainage patterns of farmland. This enables farmers to pinpoint & address areas that demand attention, ultimately augmenting crop yields, reducing expenses, and promoting sustainable agricultural practices.

Latin America Precision Agriculture Market Segmentation

The Latin America Precision Agriculture Market is highly robust and fragmented into numerous segments;

By Application

-Precision Irrigation

-Yield Monitoring

-Precision Spraying

-Precision Fertilization

-Precision Planting

-Data Management

By Crop Type

-Cereals & Grains

-Oil seeds & Pulses

-Fruits & Vegetables

-Others (Herbs, etc.)

By Country

-Brazil

-Mexico

-Argentina

-Colombia

-Chile

-Peru

-Rest of Latin America

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Key Players Operating in the Latin America Precision Agriculture Market: –

-Ag Smarts Inc.

-AGCO Corporation

-BASF SE

-Bayer

-Cropmetrics LLC

-Deere & Company

-Leica Geosystem

-Monsanto Company

-Raven Industries, Inc.

-Topcon Corporation

-Trimble Inc.

-Others

Key Questions Answered:

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