A $1.2 Billion Global Opportunity for Imaging Technology for Precision Agriculture by 2026 – New Research from StrategyR
SAN FRANCISCO, Oct. 14, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Imaging Technology for Precision Agriculture – Global Market Trajectory & Analytics.” The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 453
Companies: 44 – Players covered include Bayspec, Inc.; MicaSense, Inc.; PIXELTEQ; Quest Innovations BV; Resonon; Sentek Sensor Technologies; Teledyne DALSA, Inc.; Tetracam Inc.; XIMEA GmbH and Others.
Coverage: All major geographies and key segments
Segments: Product (Sensors, Camera, Software, Other Products); Technique (Multispectral, Hyperspectral)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Imaging Technology for Precision Agriculture Market to Reach $1.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Imaging Technology for Precision Agriculture estimated at US$737.5 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2026, growing at a CAGR of 7.7% over the analysis period. Multispectral, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$626 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hyperspectral segment is readjusted to a revised 8.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $216.1 Million in 2021, While China is Forecast to Reach $251.1 Million by 2026
The Imaging Technology for Precision Agriculture market in the U.S. is estimated at US$216.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$251.1 Million by the year 2026 trailing a CAGR of 11.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.
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