Latin America Precision Agriculture Market
Latin America Precision Agriculture Market

Latin America Precision Agriculture Market Analysis Forecast 2023-2028 Industry Demand, Sales, Growth by Key Players

Why to Choose Our Latin America Precision Agriculture Market Research Report?

On a regional, or national level, MarkNtel Advisors focuses on providing carefully curated research reports that address specific sectors & growing locations. The ” Latin America Precision Agriculture Market Research Report,” our most recent product, thoroughly covers all important aspects of the market. It provides accurate information and statistics while delivering a clear and insightful outlook on the market. The report provides a succinct description of the good or service, a detailed analysis of its uses and advancements, and an exhaustive analysis of its principal rivals. We also examine the elements fueling the market’s development, pinpoint possible growth prospects, and list the factors preventing it from moving forward.

The Latin America Precision Agriculture market is projected to grow at a CAGR of around 13% during the forecast period 2023-28.

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Primary Parameters as per Which the Data is Cited:

-Period & Statistics

  • Historical Period: 2018-21
  • Base Year: 2022
  • Forecast Years: 2023-28
  • Units: USD Million/Billion

-Focused on both primary & secondary research methodologies to attain precise & reliable information.

-Detailed examination of the historical, present, and future period, supported with the accentuating developments by the industry players.

-Stressed upon various verticals & segmentations and their role in achieving the projected growth rate.

-Special addition of SWOT analysis & Porter’s five forces analysis to curate an accurate path of the industry.

-Stresses upon the top down & bottom up approach to appraise numerous divisions & deliver unbiased assessment.

Latin America Precision Agriculture Market Dynamics

“Latin America Precision Agriculture Market Analysis, 2023” research report entails a detail-oriented analysis of aspects like the Covid-19 impact, segmentation analysis, country/regional landscape, recent developments, demand & supply chain, and product/service pricing, among others, driving the market expansion across different segments & geographies. This section aims solely to enlighten the stakeholders & the leading players to plan & lay out new strategies for expanding their visibility, product portfolio, & customer base and generating significant revenues in the coming years.

Latin America Precision Agriculture Market Driver:

Surging Government Initiatives to Support the Adoption of Modern Agriculture Technique – In recent times, there has been a marked surge in governmental endeavors aimed at bolstering Precision Agriculture in the Latin American region. This is due to escalating recognition of the potential benefits that these cutting-edge techniques can provide, including heightened productivity, reduced environmental impact, and reduced food security. It is a pioneering method that utilizes technology to streamline farming practices & augment productivity. The government provides a tax credit that can extend up to 20% of the expenditure incurred in implementing these methods such as variable-rate fertilization & pesticide application. This incentive propels farmers to embrace these techniques & invest in these technologies. For instance,

-In 2023, in Mexico, the Universidad Autónoma del Estado de México & the Agencia Espacial Mexicana launched a satellite-based precision agriculture program to support agricultural productivity.

-In 2022, the National Institute of Agricultural Technology in Argentina presented a new precision agriculture program that aims to develop sustainable agro-food systems using technology.

Exploring the Segmentations of the Latin America Precision Agriculture Industry

We do a deep analysis of each segment and its sub-segments to provide a thorough insight of the Latin America Precision Agriculture Market. This report’s section provides a thorough study of size and volume based on numerous classifications. Our goal is to help our esteemed clients uncover the critical elements driving the industry’s expansion and empower them to improve their end-user positioning, strategic choices, and income generation.

The Key Market Segments are as Follows: –

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.)

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Key Competitors in the Latin America Precision Agriculture Market

The Latin America Precision Agriculture Market will be thoroughly examined in this part, along with evaluations of the major players and regional and national markets. The sector is expanding as a result of the market’s high level of competition from a wide range of rivals who are consistently providing cutting-edge and profitable solutions.

The Key Competitors are as follows: –

-Ag Smarts Inc.

-AGCO Corporation



-Cropmetrics LLC

-Deere & Company

-Leica Geosystem

-Monsanto Company

-Raven Industries, Inc.

Exploring the Regions/Countries!

To inform the stakeholders about the state of the market in each of the areas, our skilled researchers and analysts employ all of their expertise in addition to providing a complete picture of each nation and region.

In terms of geography, the industry covers:

By Country







-Rest of Latin America

Latin America Precision Agriculture Market Research Report:

  • What is the estimated size, share, & CAGR of the Latin America Precision Agriculture Market in the forecast period?
  • What are the key trends projected to impact the Latin America Precision Agriculture Market during 2023-28?
  • What are the different segments & sub-segments considered in the Latin America Precision Agriculture Market research study?
  • Who are the key stakeholders and players participating in the Latin America Precision Agriculture Market?
  • What would be the demand for different types of products/services in the Latin America Precision Agriculture Market through 2028?

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Note: The Latin America Precision Agriculture MARKET can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry’s prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.

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