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Latest industry research report on Yield Monitoring Device And Services Market. Yield monitoring devices and services enable farmers to record yield data while harvesting in order to evaluate the effects of weather, fertilizers, pesticides and soil properties on the yield production. In the recent years owing to the applications of innovative technologies related to yield monitoring devices has resulted in the continual increase in the agricultural yield and help growers to substantially enhance their profitability. Implementation of these devices and services basically help in improving site-specific farming. Yield monitor and mapping services offer indispensable on-farm and off-farm benefits including real-time availability of farm information, a spatial database, which helps the agricultural producers make through evaluation of overall field conditions.
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The rapidly increasing food demand owing to burgeoning population puts pressure on increasing agricultural yield which can be achieved through innovative & efficient yield monitoring solutions. This is a key factor driving the growth of the market. Latest technological advancements related to yield monitoring services which help to considerably save input cost related to seeds, chemicals, fertilizers, and fuel usage which is a key factor boosting the growth of the market. Furthermore, government initiatives in terms of subsidies persuade farmers to adopt a different yield monitoring technique, which offers growth momentum to the market. The emergence of Unmanned Aerial Vehicle (UAV) for monitoring yield is considered to offer ample growth opportunities in the market.
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Moreover, the adoption of high-end technology such as Internet of Things (IoT) related to yield monitoring also offer huge great opportunities to the growth of the market. The accurate and precise calibration of yield monitoring devices is a key market challenge which needs to be overcome by key market players to gain a stronghold in the market.
The report segments the market on the basis of technology, components, applications and geography.
Yield Monitoring Device And Services Market By Technology
Yield Monitoring Device And Services Market By Application
Yield Monitoring Device And Services Market By Geography
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