Meticulous Research®, a globally renowned
market research company, has recently released its latest report titled, ‘Crop
Monitoring Market by Offering, Technology (Remote Sensing, AI & Computer Vision,
Automation & Robotics, Others), Farm Type, Application (Yield Monitoring, Crop
Scouting, Nutrient Monitoring, Others), and Geography - Global Forecast to 2030.’
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The report anticipates that the global crop monitoring market is poised to achieve a
substantial valuation of $8.9 billion by the year 2030, exhibiting a robust CAGR of
19.3% throughout the forecast period. The growth trajectory is attributed to the
escalating demand for precision farming through remote sensing technologies,
increasing governmental support for IoT adoption in agriculture, and the surging
global population's need for high-quality agricultural products. Nonetheless,
challenges such as the high costs of advanced agricultural equipment and dynamic
regulatory frameworks in the agriculture sector may pose constraints to market
expansion.
The integration of Artificial Intelligence (AI) and Internet of Things (IoT) technologies
in crop monitoring devices, coupled with continuous advancements in mapping and
navigation solutions, is expected to unlock significant growth opportunities for the
global crop monitoring market. However, obstacles like a lack of technical knowledge
among farmers and the limited penetration of agricultural technologies in
developing countries may impede market growth.
Meticulous Research® has meticulously segmented the market based on offering,
technology, farm type, application, and geography to facilitate efficient analysis. The
study also includes a thorough evaluation of industry competitors and provides a
detailed market analysis at both regional and country levels.
Key Findings:
Offering Segment: The global crop monitoring market is classified into hardware,
software, and services. In 2023, the hardware segment is anticipated to dominate the
market, driven by the rapid automation of agricultural processes, increasing demand
for drones, and rising labor costs.
Technology Segment: The technology segment encompasses remote sensing, AI &
computer vision, IoT, cloud technologies, big data, automation & robotics, and other
technologies. The remote sensing segment is projected to hold the largest market
share in 2023, owing to reduced sensor prices and growing government investments
in farm automation systems.
Crop Monitoring Market 2023-2030
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Farm Type Segment: Large farms (more than 10 hectares) are expected to command
the largest market share in 2023, driven by the adoption of advanced technologies
for precise assessment of crop health, growth, and yield over expansive land areas.
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Application Segment: Yield monitoring is poised to be the dominant application in
2023, attributed to the rising adoption of precision farming, increasing population,
government subsidies, and the quest for enhanced profitability and yield.
Geography Segment: Europe is projected to lead the global crop monitoring market
in 2023, fueled by the increasing demand for improved food products, growing
farmer interest in precision farming, and substantial government investments in IoT
solutions.
Key Players:
The key players in the global crop monitoring market include Topcon Corporation
(Japan), Trimble Inc. (U.S.), Climate LLC (U.S.), Yara International ASA (Norway), CropX
Inc. (Israel), EOS Data Analytics, Inc. (U.S.), The Cropio Group (U.S.), PrecisionHawk
(U.S.), Taranis (Israel), Ag Leader Technology (U.S.), Deere & Company (U.S.), AGCO
Corporation (U.S.), Sentera (U.S.), American Robotics, Inc. (U.S.), SGS S.A.
(Switzerland), Cropin Technology Solutions Private Limited (India), Arable (U.S.), and
Small Robot Company (U.S.).
Key questions answered in the report:
• Which are the high-growth market segments in terms of offering, technology,
farm type, application, and geography?
• What is the historical market for crop monitoring systems?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, and opportunities in the global crop
monitoring market?
• Which are the major players in the global crop monitoring market, and what are
their market shares?
• How is the competitive landscape?
• What are the recent developments in the global crop monitoring market?
• How do major players adopt the different strategies in this market?
• What are the geographic trends and high-growth regions in the market?
Crop Monitoring Market 2023-2030
© Meticulous Research| [email protected] Page 3 of 3
• Which are the emerging players in the global crop monitoring market, and how
do they compete with the other players?
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