Crop Monitoring Market Opportunities, Growth, Share, Sales Revenue, Leading Players And Forecast 2029

Published: 2024-07-03
Views: 104
Author: kadambarimmr
Published in: Business

Anticipated Growth in Revenue:

The Crop Monitoring Market size was valued at US$ 3.05 Bn. in 2022 and the total revenue is expected to grow at 15.2% through 2023 to 2029, reaching nearly US$ 8.21 Bn.

Crop Monitoring Market Overview:

The Crop Monitoring Market report offers a detailed analysis of the global landscape, focusing on the increasing adoption of geospatial technologies and site-specific crop management strategies. It highlights the critical role of remote sensing technology in acquiring data for crop monitoring, acreage estimation, and production forecasting, essential for policy-making on food security. The report underscores the experimental stage of current remote sensing applications, noting accuracies in crop acreage forecasting ranging from 70% to 90% depending on crop type and terrain dispersion.

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Crop Monitoring Market Scope and Research Methodology:

This comprehensive report covers various aspects of the crop monitoring market, including technological segments such as sensing and imagery, variable rate technology (VRT), and automation and robotics. It analyzes market dynamics across applications like field mapping, crop monitoring, and soil scouting, providing insights into market drivers, restraints, and opportunities for stakeholders

The research methodology integrates primary and secondary research techniques. Primary research involved interviews with industry experts, farmers, and stakeholders. Secondary research included extensive literature reviews, company reports, industry publications, and government statistics to gather qualitative and quantitative insights.

Crop Monitoring Market Dynamics:

The crop monitoring market is driven by the rapid adoption of digital solutions in agriculture, facilitated by IoT and AI-based devices. Companies like Prospera Technologies, Blue River Technology, and Bosch are pioneering advancements in smart sensors and IoT for enhanced crop monitoring and management. However, challenges such as the digital divide in rural areas of developing countries hinder market expansion. Opportunities arise from the disruption caused by the pandemic, accelerating automation and digitization in agriculture.

Crop Monitoring Market Segmentation:

by Type

• Sensing & Imagery
• VRT
• Automation & Robotics

by Application

• Field Mapping
• Crop Monitoring
• Soil Scouting

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Crop Monitoring Market Key Players:

• John Deree
• Agrisource Data
• Raven Industries
• AGCO Corporation
• Pessl Instruments
• Mouser Electronics
• Topcon Corporation
• Agjunction
• Taranis Visual
• CorpX
• Trimble
• Yara International ASA
• The Climate Corporation

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Crop Monitoring Market Regional Insights:

North America leads the crop monitoring market due to the presence of major agri-tech companies like Trimble and John Deere. Asia Pacific follows with significant growth driven by technological adoption in countries like India and China, supported by government reforms enhancing agricultural practices. Europe, South America, and the Middle East & Africa also contribute to market growth, albeit at varying degrees.

Key Questions answered in the Crop Monitoring Market Report are:

• What was the Crop Monitoring Market size?
• What is the expected Crop Monitoring Market size by Forecast Period?
• What are the Crop Monitoring Market segments?
• Which Crop Monitoring Market segment is expected to grow rapidly during the forecast period?
• Which are the prominent players in the Crop Monitoring Market Industry?
• What key trends are expected to emerge in the Crop Monitoring Market during the forecast period?
• Which region dominated the global Crop Monitoring Market?

Key Offerings:

• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size & Forecast by different segment
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segments with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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