Data Bridge Market Research analyses that the guidance and steering system for agriculture market which was growing at a value of 2.1 billion in 2021 and is expected to reach the value of USD 3.42 billion by 2029, at a CAGR of 6.3% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Guidance and Steering System for Agriculture Market Dynamics: -
Drivers
Insufficiency of labours in agricultural practices
The primary factor driving farming communities to use efficient agricultural methods is a labour shortage in agricultural practises. High-value crops such as apples, strawberries, and sweet peppers are becoming less economically viable due to rising labour costs and a decrease in the number of skilled workers.
Implementation of smart agricultural practices to meet rising food demand globally
Farmers are increasingly implementing smart harvest technologies such as harvesting robots, automation, control systems, sensors, and imaging systems to increase profitability and output in less time and at a lower cost.
Opportunity
Firms in the target industry focuses on business growth through strategies such as advanced product launches, capacity expansion, and heavy production investments in their facilities, which are expected to flourish in the near future as the global guidance and steering system for agriculture market grows.
Restraints
The requirement for large initial investments in the production of numerous components is impeding the growth of the guidance and steering system market. Market participants must manufacture components and encrypt data content that meet regulatory organisation standards. This limits market growth opportunities for companies.
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Global Guidance and Steering System for Agriculture Market Scope: -
The guidance and steering system for agriculture market is segmented on the basis of components and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Components
Hardware
Software
Services
Application
Yield Monitoring
Field Mapping
Crop Scouting
Weather Tracking & Forecasting
Irrigation Management
Inventory Management
Farm Labour Management
Others
Guidance and Steering System for Agriculture Market Regional Analysis/Insights: -
The countries covered in the guidance and steering system for agriculture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Competitive Landscape and Guidance and Steering System for Agriculture Market: -
Some of the major players operating in the guidance and steering system for agriculture market are:
Yara International ASA (Norway)
Koch AG & Energy Solutions LLC (U.S.)
Coromandel International Limited (India)
Agriculture Solutions Inc. (Canada)
Hafia Groups (Israel)
Sapec Agro S.A. (Portugal)
Kugler Company (U.S.)
Israel Chemicals Limited (Israel)
Van Iperen International B.V. (Netherlands)
U.S. AG LLC (U.S.)
Levant Power Corporation (U.S.)
Honeywell International, Inc. (U.S.)
Green Peak Technologies (Netherlands)
Fujitsu (Japan)
ABB(Switzerland)
Texas Instruments Inc. (U.S.)
ST Microelectronics (Switzerland)
MAJOR TOC OF THE REPORT: -
Chapter One: Introduction
Chapter Two: Market Analysis and Insights
Chapter Three: Market Dynamics
Chapter Four: Market Scope
Chapter Five: Market Regional Insights
Chapter Six: Competitive Landscape System Market
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Browse Related Reports: -
Global Oilseed and Pulses Market
Global Automated Harvesting System Market
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Over the last few years, in developing countries such as China, India, Mexico, Turkey and others, the global automotive steering system market is anticipated to witness a gain superior traction globally.
Additionally, growing trend of electric vehicle coupled with new technology for instance steering by wire are estimated to give positive potential to the market throughout the foreseeable time period.RestraintsEstablished players are giving tough competition to the regional players as well as tech giants such as Apple are entering in the global market with future automotive steering technology prospects, for instance autonomous car, on the basis of this phenomenon the global market could hamper by these factors by the end of 2028.Regional Market OutlookThe global Automotive Steering System market is segmented into the following regions – North America, Latin America, Europe, APAC and Middle East and Africa.
In Europe, the global market is estimated to grow with noteworthy growth rate.
In North America region the market is anticipated to gain significant traction due to increasing electric vehicle particularly inU.S.
In Middle East and Africa, the market is projected to grow with double digit CAGR owing to increasing tourism activity, throughout the forecast period.Request For Table of Contents:https://www.trendsmarketresearch.com/report/requesttoc/3112Key PlayersKey players for the global Automotive Steering System market are:Nexteer Automotive Group Ltd.• ThyssenKrupp AG• Sona Koyo Steering System Ltd.• NSK Steering System Co. ltd.• ZF Friedrichshafen AG• ATS Automation Tooling System Inc.• JTEKT Corporation• Showa Corp.• Hitachi Automotive System Ltd.• Robert Bosch Automotive Steering GmbH• Mando Corp.• Magal Engineering Limited• Hyundai MobisResearch Methodology:TMR surveys a number of companies in order to estimate the data covered in the report through triangulation methodology.
A detailed market understanding and assessment of the drive and application segments covered in the study.
