Crop Monitoring Trends and Forecast
The future of the global crop monitoring market looks promising with opportunities in the field mapping, crop scouting and monitoring, soil monitoring, yield mapping and monitoring, variable rate application, and weather tracking and forecasting markets. The global crop monitoring market is expected to reach an estimated $6.7 billion by 2030 with a CAGR of 6.9% from 2024 to 2030. The major drivers for this market are increasing need for precision farming using remote sensing technology, expanding government programs encouraging the use of IoT in the agricultural industry, and growing use of IoT and AI in agricultural monitoring equipment.Crop Monitoring by Segment
The study includes a forecast for the global crop monitoring by offering, technology, farm type, application, and region.Crop Monitoring Market by Offering [Shipment Analysis by Value from 2018 to 2030]
- Hardware
- Software
- Services
Crop Monitoring Market by Technology [Shipment Analysis by Value from 2018 to 2030]
- Sensing and Imagery
- Variable Rate Technology
- Automation and Robotics
Crop Monitoring Market by Farm Type [Shipment Analysis by Value from 2018 to 2030]
- Small
- Medium
- Large
Crop Monitoring Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Field Mapping
- Crop Scouting and Monitoring
- Soil Monitoring
- Yield Mapping and Monitoring
- Variable Rate Application
- Weather Tracking and Forecasting
- Others
Crop Monitoring Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Crop Monitoring Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies crop monitoring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the crop monitoring companies profiled in this report include-- Trimble
- Topcon Corporation
- Yara International
- The Climate Corporation
- CropX Technologies
- Cropwise Operations
- Earth Observing System
- PrecisionHawk
- Ag Leader
- Taranis
Crop Monitoring Market Insights
The publisher forecasts that hardware will remain the largest segment over the forecast period due to growing demand for drones to monitor yield, quick automation of agricultural processes, and rising labor costs.Within this market, yield mapping and monitoring is expected to witness the highest growth due to increasing usage of precision farming, population growth driving up food consumption, government subsidies in the food and agriculture sectors, along with the rising need for higher yields and more profitability.
Europe will remain the largest region over the forecast period due to increased interest in precision farming among farmers, rising government spending on IoT technologies, and rising demand for homemade food products.
Features of the Global Crop Monitoring Market
- Market Size Estimates: Crop monitoring market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Crop monitoring market size by various segments, such as by offering, technology, farm type, application, and region in terms of value ($B).
- Regional Analysis: Crop monitoring market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different offering, technology, farm type, application, and regions for the crop monitoring market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the crop monitoring market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the crop monitoring market size?Answer: The global crop monitoring market is expected to reach an estimated $6.7 billion by 2030.
Q2. What is the growth forecast for crop monitoring market?
Answer: The global crop monitoring market is expected to grow with a CAGR of 6.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the crop monitoring market?
Answer: The major drivers for this market are increasing need for precision farming using remote sensing technology, expanding government programs encouraging the use of IoT in the agricultural industry and growing use of IoT and AI in agricultural monitoring equipment.
Q4. What are the major segments for crop monitoring market?
Answer: The future of the crop monitoring market looks promising with opportunities in the field mapping, crop scouting and monitoring, soil monitoring, yield mapping and monitoring, variable rate application, and weather tracking and forecasting markets.
Q5. Who are the key crop monitoring market companies?
Answer: Some of the key crop monitoring companies are as follows:
- Trimble
- Topcon Corporation
- Yara International
- The Climate Corporation
- CropX Technologies
- Cropwise Operations
- Earth Observing System
- PrecisionHawk
- Ag Leader
- Taranis
Answer: The publisher forecasts that hardware will remain the largest segment over the forecast period due to growing demand for drones to monitor yield, quick automation of agricultural processes, and rising labor costs.
Q7. In crop monitoring market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to increased interest in precision farming among farmers, rising government spending on IoT technologies, and rising demand for homemade food products.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the crop monitoring market by offering (hardware, software, and services), technology (sensing and imagery, variable rate technology, and automation and robotics), farm type (small, medium, and large), application (field mapping, crop scouting and monitoring, soil monitoring, yield mapping and monitoring, variable rate application, weather tracking and forecasting, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Crop Monitoring Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Trimble
- Topcon Corporation
- Yara International
- The Climate Corporation
- CropX Technologies
- Cropwise Operations
- Earth Observing System
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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