Variable Rate Technology Market To Witness A Significant Growth Of USD 10.3 Billion By 2030
San Francisco, 1 March 2023: The Report Variable Rate Technology Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Technology (Map-based, Sensor-based), By Crop Type, By Farm Size, By Application, By Region, And Segment Forecasts, 2022 - 2030 The global variable rate technology market size is anticipated to reach USD 10.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 12.3% over the forecast period. Variable Rate Technology (VRT) is a tool that allows farmers to apply water, fertilizer, seed, and chemicals at different and suitable rates across a field. When a producer uses VRT to apply the correct amount of nutrients blended with the ideal seeding rate, they can produce more agricultural produce from every acre of the land and also reduce the wastage of input materials. Produce can be maximized by customizing each field zone's seeding and crop nutrition applicati