Guidance And Steering System For Agriculture Global Market Report 2023
Major players in the guidance and steering system for agriculture market are ABB Ltd., Agriculture Solutions Inc., Coromandel International Limited, Fujitsu Limited, Green Peak Technologies, Hafia Groups, Honeywell International, Inc.
Introduction
New York, Aug. 01, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Guidance And Steering System For Agriculture Global Market Report 2023” – https://www.reportlinker.com/p06480017/?utm_source=GNW
Market Overview
- The global guidance and steering system market is expected to grow from $2.08 billion in 2022 to $2.23 billion in 2023 at a compound annual growth rate (CAGR) of 7.24%.
- The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.
- The market is expected to reach $2.85 billion in 2027 at a CAGR of 6.34%.
Definition and Functionality
A guidance and steering system for agriculture refers to a technology that can automatically guide a vehicle or a machine in a field using positioning, navigation, control, and actuation technologies. It can help farmers improve the accuracy, efficiency, and productivity of their operations.
A guidance system can control either the steering angle of the front wheels of the tractor or other steering equipment.
Regional Analysis
- North America was the largest region in the guidance and steering system for agriculture market in 2022.
- The regions covered in the guidance and steering system for agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Components
The main types of components in guidance and steering systems for agriculture are hardware, software, and services. Hardware refers to any tangible and physical component that can be touched and manipulated by a user, and it includes computer systems or electronic devices.
It included various satellites such as BeiDou Navigation Satellite System (BDS), Global Positioning System( GPS), Globalnaya Navigazionnaya Sputnikovaya Sistema (GLONASS), and Global Navigation Satellite System (GALILEO). These are used for several applications, including yield monitoring, field mapping, crop scouting, weather tracking and forecasting, farm labor management, and others.
Impact of Sustainable Development Goals (SDGs)
The increasing adoption of precision farming is expected to propel the growth of guidance and steering systems for the agriculture market over the coming years. Precision farming, also known as precision agriculture, is an agricultural management strategy that uses advanced technology to optimize crop yields and reduce waste. Guidance and steering systems are essential components of precision farming. These systems use GPS and other technologies to guide agricultural machinery, such as tractors, combines, and sprayers, with pinpoint accuracy. This helps to optimize the use of inputs such as fertilizer, pesticides, and water, reducing waste and improving crop yields. Therefore, this factor boosts the guidance and steering system for the agriculture market.
Product Innovation
Product innovation is a key trend gaining popularity in guidance and steering systems for the agriculture market. Major companies operating in the guidance and steering system for the agriculture market are developing innovative technological products to sustain their position in the market.
Recent Developments
- In March 2023, SingularXYZ Intelligent Technology Ltd., a China-based manufacturing company, launched the upgrade of the SAgro100 automated steering system.
- In November 2021, CNH Industrial N.V., a UK-based agricultural machinery company, acquired Raven Industries Inc., for $2.1 billion.
Conclusion
The guidance and steering systems for agriculture market research report is one of a series of new reports that provides guidance and steering systems for agriculture market statistics, including guidance and steering systems for agriculture industry global market size, regional shares, competitors with a guidance and steering systems for agriculture market share, detailed guidance and steering systems for agriculture market segments, market trends and opportunities, and any further data you may need to thrive in the guidance and steering systems for agriculture industry. This guidance and steering systems for agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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SDGs, Targets, and Indicators in the Article
1. SDGs Addressed or Connected to the Issues Highlighted in the Article
- SDG 2: Zero Hunger
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
- SDG 15: Life on Land
The article discusses the guidance and steering system for agriculture, which is directly related to SDG 2 – Zero Hunger. The technology can improve the accuracy, efficiency, and productivity of agricultural operations, contributing to sustainable food production and reducing hunger.
The article also mentions the use of advanced technology and precision farming practices, which align with SDG 9 – Industry, Innovation, and Infrastructure. Precision farming optimizes crop yields, reduces waste, and enhances resource efficiency through the use of guidance and steering systems.
Furthermore, the article highlights the importance of responsible consumption and production (SDG 12) by mentioning the reduction in the use of herbicides, pesticides, and fossil fuels through the adoption of precision farming technologies.
The impacts of the Russia-Ukraine war on commodity prices and supply chain disruptions also connect to SDG 13 – Climate Action. These disruptions can affect agricultural production and food security, highlighting the need for climate-resilient agricultural systems.
Lastly, the use of satellites for various agricultural applications, such as yield monitoring and weather tracking, relates to SDG 15 – Life on Land. These technologies enable better land management practices and support sustainable agriculture.
2. Specific Targets Under the Identified SDGs
- SDG 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding, and other disasters, and that progressively improve land and soil quality.
- SDG 9.5: Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries, in particular developing countries, including, by 2030, encouraging innovation and substantially increasing the number of research and development workers per 1 million people and public and private research and development spending.
- SDG 12.3: By 2030, halve per capita global food waste at the retail and consumer levels and reduce food losses along production and supply chains, including post-harvest losses.
- SDG 13.1: Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries.
- SDG 15.3: By 2030, combat desertification, restore degraded land and soil, including land affected by desertification, drought, and floods, and strive to achieve a land degradation-neutral world.
The identified targets are relevant to the issues discussed in the article. They emphasize the need for sustainable food production systems, resilient agricultural practices, technological advancements, reduction of food waste, climate resilience, and land restoration.
3. Indicators Mentioned or Implied in the Article
- Crop yield improvement
- Effectiveness of fertilizer placement
- Reduction in herbicide and pesticide usage
- Reduction in fossil fuel usage
- Adoption of precision agriculture technologies
- Increase in precision agriculture technology usage for nutrient loss reduction
- Product innovation in guidance and steering systems for agriculture
The article mentions several indicators that can be used to measure progress towards the identified targets. These indicators include improvements in crop yield, effectiveness of fertilizer placement, reductions in herbicide and pesticide usage, and decreases in fossil fuel usage. The adoption of precision agriculture technologies and the increase in their usage for nutrient loss reduction are also indicators of progress. Additionally, product innovation in guidance and steering systems for agriculture can be an indicator of technological advancements and industry development.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 2: Zero Hunger | 2.4: Ensure sustainable food production systems and implement resilient agricultural practices | Crop yield improvement |
| SDG 9: Industry, Innovation, and Infrastructure | 9.5: Enhance scientific research and technological capabilities | Effectiveness of fertilizer placement Adoption of precision agriculture technologies |
| 12.3: Reduce food losses along production and supply chains | Reduction in herbicide and pesticide usage Reduction in fossil fuel usage |
|
| SDG 13: Climate Action | 13.1: Strengthen resilience and adaptive capacity to climate-related hazards | Reduction in fossil fuel usage |
| SDG 15: Life on Land | 15.3: Combat desertification and restore degraded land | Adoption of precision agriculture technologies Increase in precision agriculture technology usage for nutrient loss reduction |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: finance.yahoo.com
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