Telematics is a general term that refers to any device which merges telecommunications and informatics. Farm equipment Telematics is the technology that provides farmers with increasing equipment as well as Internet options. It is a technology that captures data from farm equipment operating in a field and transfers the information to the Internet in real-time. Telematics includes precision farming solutions by automating judgments or activities at a distance. From the arena of electrical engineering, telematics is important to use sensors, instrumentation and wireless communication for the purposes of computerizing information before it is sent out. In the country, it derives significantly on the internet as well as multimedia equipment from the field of computer science.This growth is primarily driven by Rapid Adoption of Smart Phones across the World, Rising Demand for Techniques in Agriculture Sector and Increasing Requirement due to Growth in Productivity and Operational Efficiency.
Globally, a noticeable market trend is evident High Adoption due to Use of Cloud Technology
. The Agricultural Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as CNH Industrial (United Kingdom), Deere & Company (United States), Kubota Agricultural Machinery (India), CropMetrics LLC. (United States), Trimble Navigation Limited (United States), CropX (Israel), AgSense LLC. (United States), AGCO Corporation (United States) and Dickey-John Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28th May 2018, agricultural equipment company Afgri Equipment and agricultural equipment multinational John Deere are partnered to launched the JD Link telematics solution, which can connect any make and model of agricultural machinery in the field in near-real-time with the farmerís office and mobile devices.
On 3rd December 2018, CNH Industrial N.V. has launched the AGXTENDô brand, focused exclusively on aftermarket precision farming technology solutions.
- Rapid Adoption of Smart Phones across the World
- Rising Demand for Techniques in Agriculture Sector
- Increasing Requirement due to Growth in Productivity and Operational Efficiency
- High Adoption due to Use of Cloud Technology
- Introduction of New Technology such as GPS
- Lack of Awareness about Telematics in Emerging Markets
The Emergence of Automation in Tractors and Rising Opportunities in Developing Countries
Increasing Concern Regarding High Capital Investment
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Farm Equipment Telematics Study Sheds Light on
The Farm Equipment Telematics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Farm Equipment Telematics industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Farm Equipment Telematics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.