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Variable Rate Technology Market Show Maximum Potential Growth at a CAGR of 13.2% by 2030 Know More with Emergen Research

Variable Rate Technology Market

According to the most recent report by Emergen Research, the global Variable Rate Technology (VRT) market size was USD 6.50 billion in 2021 and is anticipated to grow at a revenue CAGR of 13.2% during the projected period. One of the main factors propelling market revenue development is the quick adoption of sophisticated technologies in agriculture variable rate to lower labour costs. Based on sensed or mapped crop properties, Variable Rate Technology (VRT) is a technology or system that enables variable rates of crop inputs, such as fertilisers and crop protection agents.

Agriculture VRT is a precision farming technique that uses technology to provide a variety of agricultural materials to a specific terrain. These supplies, which aid in maximising agricultural output, include fertilisers, crop protection agents, and seeds. The advantages of VRT-based crop management over traditional uniform crop management include its capacity to lower production costs, boost crop production profitability, and have a favourable environmental impact. In order to support other agricultural breakthroughs that will boost crop yields and profitability, VRT in agriculture is dedicated to offering intelligent and cutting-edge technical solutions through variable-rate capable machinery, Artificial Intelligence (AI), and drone technology.

Some Key Highlights From the Report

  • In 2021, the hardware sector had the biggest revenue share. A branch of technology known as variable-rate application (VRA) in agriculture focuses on the automated usage of goods in a particular environment. Depending on the information they receive, several pieces of equipment, such as sensors, GPS, and maps, are used. VRT is a great tool for finding the right balance. Using information about their operations that has been gathered, farmers can use precision agricultural technology to direct automated and variable delivery of seeds, fertiliser, and chemical applications to their fields. VRT parameters and judgments are dependent on a range of hardware information, such as GPS, in-field sensors, and maps of a certain activity.
  • In 2021, the segment with the biggest revenue share was Fertilizer VRT. Different fields can get fertiliser applications at various rates using a variable-rate fertiliser application. The amount of fertiliser distributed will be determined by the expected yield, the fertility of the soil, and any additional factors that may have an effect, such as terrain, soil texture, electrical conductivity, soil nutrients, and moisture content. There is variability in every profession. There are always variations in soil fertility and yields within the same field, and in some instances, there are 400% yield discrepancies across different plots in a single field. As a result, the effects of fertilisation on plants varied depending on the plot.
  • Deere & Company, Trimble, Inc., AGCO Corporation, Topcon, CNH Industrial N.V., KUBOTA Corporation, Hexagon, Yara, DJI, and Valmont Industries, Inc. are a few of the significant firms mentioned in the global market study.

Emergen Research has segmented the global VRT market based on offering, type, crop type, application method, and region:

  • Offering Outlook (Revenue, USD Billion; 2019-2030)
    • Hardware
      1. Guidance & Steering Systems
      2. Flow & Application Control Devices
      3. GPS/DGPS Receivers
      4. Handheld Computers
      5. Yield Monitors
      6. Sensors
      7. Displays
      8. Others
    • VRT Software
    • VRT Service
      1. Farm Operation Services
      2. Integration & Consulting Services
  • Type Outlook (Revenue, USD Billion; 2019-2030)
    • Fertilizer VRT
      1. UREA VRT
      2. UAN VRT
      3. NH3 VRT
      4. Other VRT
    • Crop Protection Chemical VRT
    • Soil Sensing
    • Seeding VRT
    • Yield Monitoring
    • Irrigation VRT
    • Other VRT Types
  • Crop Type Outlook (Revenue, USD Billion; 2019-2030)
    • Cereals & Grains
      1. Corn
      2. Wheat
      3. Other Cereals & Grains
    • Oilseeds & Pulses
      1. Soybean
      2. Cotton
      3. Other Oilseeds & Pulses
    • Fruits & Vegetables
    • Others
  • Application Method Outlook (Revenue, USD Billion; 2019-2030)
    • Map-Based VRT
    • Sensor-Based VRT
      1. Optical Sensors
      2. Drone-Based VRT
      3. Satellite-Based VRT
  • Regional Outlook (Revenue, USD Billion; 2019-2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

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