Brazil Precision Agriculture Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2030

The country research report on Brazil precision agriculture market is a customer intelligence and competitive study of the Brazil market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Brazil market. Also, factors that are driving and restraining the precision agriculture market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and a detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the precision agriculture market in Brazil.

 Market Insight

The Brazil precision agriculture market was sized 256.75 million in 2022 in terms of value. Brazil is a huge player in international agriculture and precision agriculture is helping to increase productivity. With diverse crop production, Brazil plays a vital role in supplying food to a rising global population. To produce more, while preserving important natural ecosystems, this technology helps better decision-making. Precision agriculture work carried out by dealership is new in Brazil. The most services offered is gridding soil sampling, field mapping for lime and fertilizer application at variable rate. Many producers already have precision agriculture equipment loaded on their machines, but little explored, also restricting to fertilizers and lime application. Looking at the currently existing technologies and services offered by dealership, precision agriculture practices are anticipated to witness a surge in adoption as they enable farmers to accurately manage variations in the field, upsurge productivity, and reduce production costs.

 The precision agriculture market in Brazil is expected to witness a marginal dip in 2020 due to the COVID-19 pandemic as the movement restriction and lockdowns has resulted in disruptions in the supply chain and led to a shortage of equipment, however, the use of remote sensing and farm management software tools could lead to higher adoption during post COVID-19 period. The COVID-19 outbreak is expected to cause supply disruption as the outbreak in Brazil predominately affects the supply of equipment used in precision agriculture systems. This equipment such as a pump unit, fertilizer application units, sensors, and a few more are mainly sourced from the U.S., China, India, and several EU countries. But with the coronavirus pandemic forcing the government to impose lockdown borders for trade, the providers and distributors have experienced a slight fall in the sales. The impact on the supply chain will also hamper the growth of the precision agriculture market, as the majority of the supply-side companies, are shut down.

 Precision agriculture is swiftly gaining popularity among farmers owing to the growing need for optimum production with the given resources. Furthermore, the changing weather patterns owing to increasing global warming, have necessitated the adoption of advanced technologies to enhance productivity and crop yield. By offering technologies like real-time farm monitoring, optimal field requirements, weather forecasting, and several others, precision agriculture allows the farmers to upsurge the yield with minimum human efforts and wastage. In addition, the technology enables the farmers to manage their resources as well as access real-time information through their smartphones, thereby proposing greater mobility and ease of operation. On the other hand, the affordability of the technology and dearth of awareness about the benefits of precision agriculture among farmers are the major restraints of the market.

 Segments Covered

The report on Brazil precision agriculture market provides a detailed analysis of segments in the market based on technology, hardware, and software.

 Segmentation Based on Technology

·        GIS

·        Telematics

·        VRT

·        GPS

·        Remote Sensing

 Segmentation Based on Hardware

·        Sensors

·        Drones

·        Automated Steering System

·        Radar

·        GPS

 Segmentation Based on Software

·        GIS

·        Crop Management Software

·        Weather Tracking

·        Inventory

 Highlights of the Report

The report provides detailed insights into:

 1) Demand and supply conditions of the precision agriculture market

 2) Factor affecting the precision agriculture market in the short run and the long run

 3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

 4) Key trends and future prospects

 5) Leading companies operating in the precision agriculture market and their competitive position in Brazil

 6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (Brazil) precision agriculture market

 7) IGR Matrix: to position the product types

 8) Market estimates up to 2030

 The report answers questions such as:

 1) What is the market size of the precision agriculture market in Brazil?

 2) What are the factors that affect the growth in the precision agriculture market over the forecast period?

 3) What is the competitive position in Brazil precision agriculture market?

 4) What are the opportunities in Brazil precision agriculture market?

 5) What are the modes of entering Brazil precision agriculture market?