Crop Monitoring Market to Grow with a CAGR of 14.24% through 2028
Increasing use of drone technology for crop monitoring
and integration of smartphones with agricultural hardware & software
applications is expected to drive the Global Crop Monitoring Market growth in
the forecast period, 2024-2028.
According to TechSci Research report, “Crop
Monitoring Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Crop Monitoring Market
stood at USD
2.87 Billion in 2022 and is anticipated to grow with a CAGR of 14.24% in the forecast
period, 2024-2028. The global crop monitoring market is driven by several key
factors. Technological advancements such as automation and artificial
intelligence have enabled more precise and efficient crop monitoring.
Increasing population and the impending food demand are also significant
drivers, necessitating efficient agricultural practices.
The growing awareness about sustainable farming and
the need to minimize environmental impact are contributing factors.
Additionally, supportive government policies promoting the use of technology in
agriculture impart a considerable push to the market.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Crop
Monitoring Market.”
The Global Crop Monitoring Market is poised to
experience a robust growth trend in the coming years. This growth can be
attributed to advancements in technology, such as the development of advanced
sensors and satellite imagery, which have paved the way for more precise and
sustainable farming methods. These technologies enable farmers to monitor their
crops with greater accuracy and make data-driven decisions for optimizing yield
and resource allocation. The adoption of remote sensing technologies, artificial
intelligence (AI), and predictive analytics for crop monitoring is expected to
witness a significant surge. These innovative solutions enable real-time
monitoring of crop health, early pest detection, and effective nutrient
management. By leveraging AI algorithms and predictive analytics, farmers can
proactively address potential crop issues, leading to improved productivity and
reduced environmental impact.
Furthermore, the increasing awareness about precision
farming practices is expected to further fuel the expansion of the market.
Precision farming techniques, such as variable rate application and
site-specific crop management, enable farmers to tailor their farming practices
to the specific needs of each field. This not only optimizes resource
allocation but also minimizes the use of fertilizers, pesticides, and water,
resulting in sustainable and environmentally friendly farming practices.
The Global Crop Monitoring Market presents immense
opportunities for stakeholders in the agriculture industry. With the continuous
advancements in technology and the growing focus on sustainable farming
practices, the market is expected to witness significant growth in the coming
years. By embracing these technological innovations and adopting precision
farming techniques, farmers can enhance their productivity, reduce costs, and
contribute to a more sustainable future for agriculture. Moreover, the market is
also witnessing the integration of Internet of Things (IoT) devices in crop
monitoring systems. These IoT devices enable real-time data collection and
analysis, allowing farmers to make informed decisions based on accurate and
up-to-date information. Additionally, the emergence of blockchain technology in
the agriculture sector is enhancing transparency and traceability in the supply
chain, further boosting the market growth.
The increasing use of drones in crop monitoring is
another significant trend in the market. Drones equipped with high-resolution
cameras and sensors can capture detailed imagery of crops, providing valuable
insights into their health and growth. This technology enables farmers to
detect crop diseases or nutrient deficiencies at an early stage, enabling
timely interventions to prevent yield loss. With the rising global population
and the need to feed a growing number of people, the importance of efficient and
sustainable crop monitoring practices cannot be overstated. The Global Crop
Monitoring Market is expected to play a crucial role in ensuring food security
and meeting the rising demand for agricultural products. As farmers embrace
advanced technologies and sustainable farming practices, they can contribute to
a more resilient and productive agricultural sector, ultimately benefiting both
the industry and the society at large.
The Global Crop Monitoring Market is segmented into offering,
technology, farm type, application, regional distribution, and company.
Based on application, the Global Crop Monitoring
Market is currently dominated by Crop Scouting & Monitoring, which has
emerged as a key driver of growth. This segment has experienced significant
expansion, thanks to rapid advancements in technology and an increased emphasis
on sustainable farming practices. As farmers strive to maximize their yield and
optimize resource utilization, they are increasingly turning to crop scouting
and monitoring technology. By leveraging this technology, farmers can gather essential
data about their crops, such as growth patterns, nutrient levels, and pest
infestations. This data empowers them to make informed decisions, implement
targeted interventions, and ultimately achieve higher crop yields while
minimizing environmental impact. With the ongoing evolution of crop scouting
and monitoring techniques, the Global Crop Monitoring Market is poised for
further growth and innovation in the coming years.
Based on region, North America holds a prominent position
in the global crop monitoring market due to several factors. Primarily, the
region's advanced technological infrastructure and the widespread use of
innovative agricultural techniques contribute to its leadership. There is a
high adoption rate of precision farming in North America, which involves the
use of modern technologies such as remote sensing, GPS, and AI for monitoring
crop growth and optimizing agricultural practices. Furthermore, supportive
policies and initiatives from governments and organizations also encourage the
use of these technologies, further bolstering the region's standing in the
global crop monitoring market.
Major companies operating in Global Crop
Monitoring Market are:
- Trimble Inc.
- Topcon Corporation
- Yara International ASA
- The Climate Corporation
- CropX Technologies Ltd.
- Deere & Company
- Syngenta Group
- Precision Hawk, Inc.
- Ag Leader Technology Inc.
- AAA Taranis Visual Ltd.
Download
Free Sample Report
Customers can also request for 10% free
customization on this report.
“The future of the Global Crop Monitoring Market
appears highly promising, driven by significant technological advancements and
an increasing focus on sustainable farming practices. With the integration of
cutting-edge technologies such as satellite imaging, artificial intelligence
(AI), and the Internet of Things (IoT), there lies immense potential for more
accurate crop yield predictions and efficient resource management. This, in
turn, can lead to optimized agricultural practices, reduced environmental impact,
and improved food security. As the global population continues to grow and the
demand for food rises, the market for crop monitoring is expected to experience
a substantial boost, providing ample opportunities for innovation and growth in
the agricultural sector.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Crop Monitoring Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028
Segmented By Offering (Hardware, Software, Services), By
Technology (Sensing & Imagery, Variable Rate Technology, Automation &
Robotics), By Farm Type (Small, Medium, Large), By Application (Field Mapping,
Crop Scouting & Monitoring, Soil Monitoring, Yield Mapping &
Monitoring, Others), By
Region and Competition”, has evaluated
the future growth potential of Global Crop Monitoring Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Crop Monitoring Market.
Contact
Mr. Ken Mathews
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com