Overview and Scope
Crop monitoring refers to the routine and thorough examination of crops that aids in the management of various pests, weeds, or illnesses in crops. It plays a significant part in the management of many pests, weeds, and illnesses in crops. This gives you knowledge about the crop’s current situation, allowing you to project into the future and determine what the crop’s most likely next problem will be.
Sizing and Forecast
The crop monitoring market size has grown rapidly in recent years. It will grow from $2.86 billion in 2023 to $3.32 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The growth in the historic period can be attributed to increasing need for food security, environmental concerns, government initiatives, data analytics and ai.
The crop monitoring market size is expected to see rapid growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to precision agriculture adoption, climate change mitigation, growing demand for organic farming. Major trends in the forecast period include market expansion, integration with iot and big data, partnerships and collaborations, ai and machine learning, farm-to-table traceability.
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Segmentation & Regional Insights
The crop monitoring market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Farm Type: Small Sized Farms, Medium Sized Farms, Large Sized Farms
3) By Technology: Variable Rate Technology, Sensing And Imagery, Automation And Robotics
4) By Application: Field Mapping, Crop Scouting And Monitoring, Soil Monitoring, Yield Mapping And Monitoring, Variable Rate Application, Weather Tracking And Forecasting, Other Applications
North America was the largest region in the crop monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crop monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing adoption of Internet of Things (IoT) devices is expected to propel the growth of the crop monitoring market going forward. IoT devices refer to physical objects or devices that are embedded with sensors, software, and connectivity capabilities to collect and exchange data over the internet. Internet of Things (IoT) devices are used for crop monitoring as a transformative approach that leverages technology to enhance agricultural practices and crop management for farmers to make informed decisions, optimize resource use, and maximize crop yield. For instance, in April 2022, according to the CRO Forum (2022), a Netherlands-based high-level discussion group of risk managers published an IoT risk from an insurance perspective. It is anticipated that it will reach 24.1 billion IoT devices by 2030. Additionally, in March 2023, according to Exploding Topics, a US-based online platform that provides insights into emerging and trending topics, it is anticipated that by 2030, there will be 25.4 billion IoT devices. Therefore, the increasing adoption of Internet of Things (IoT) devices is driving the growth of the crop monitoring market.
Key Industry Players
Major companies operating in the crop monitoring market report are Topcon Corporation, Trimble Inc., The Climate Corporation (a subsidiary of Bayer AG), Yara International ASA, CropX Technologies Inc., Cropio LLC, Earth Observing System Inc., PrecisionHawk Inc., Ag Leader Technology Inc., Taranis-Visual Ltd., Monsanto Company., Deere & Company, AGCO Corporation, Kasco Manufacturing Co. Inc., Davimac Manufacturing Pty Ltd., Kubota Corporation, Iteris Inc., Farmers Edge Inc., Granular Inc., Sentera LLC, SlantRange Inc., MicaSense Inc., Gamaya SA, AgEagle Aerial Systems Inc., Resson Aerospace Corporation, EOS Data Analytics Inc., Teralytic Inc., Arable Labs Inc., FieldIn Ltd., CropMetrics LLC, Ripe Technology Inc., Terranis Systems GmbH, Hummingbird Technologies Limited, Agribotix LLC, CropIn Technology Solutions Pvt. Ltd., agriXP Inc.
The crop monitoring market report table of contents includes:
1. Executive Summary
2. Crop Monitoring Market Characteristics
3. Crop Monitoring Market Trends And Strategies
4. Crop Monitoring Market – Macro Economic Scenario
5. Global Crop Monitoring Market Size and Growth
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26. South America Crop Monitoring Market
27. Brazil Crop Monitoring Market
28. Middle East Crop Monitoring Market
29. Africa Crop Monitoring Market
30. Crop Monitoring Market Competitive Landscape And Company Profiles
Top Major Players:
- Topcon Corporation
- Trimble Inc
- The Climate Corporation
- Yara International ASA
- CropX Technologies Inc
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