Published Date: January 2024
Crop monitoring system includes network of wireless sensors which help in collecting data from various nodes that are placed on the field. This data is then analyzed by local farmers, and experts and thus, various conclusions are drawn such as crop quality, fertility of soil and weather patterns.Growing adoption of AI and IoT-based crop monitoring devices across globe has become major driving factor in target market growth. Growing huge investment in agriculture technology and rising awareness among farmers regarding the use of remote sensing technology is expected to increase the demand for Crop Monitoring market growth over the forecast period.Crop Monitoring Market was valued at US$ 4.1 billion in 2024 and is projected to grow at a CAGR of 16.2% to reach US$ 16.1 billion by 2034.
The report “Crop Monitoring Market, By Farm Type (Large, Medium, and Small), By Offering (Services, Hardware, and Software), By Technology (Automation & Robotics, Variable Rate, Sensing & Imagery), By Application (Soil Monitoring, Field Mapping, Crop Scouting, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”
Key Highlights:
- In June 2022, FarmSense launched new “FlightSensor” a real time pest monitoring system to manage pests and to optimize crop yield. The new launched system is designed for commercial farmers that provides accurate data which result in better outcomes for consumers and farmers.
Analyst View:
Growing market consolidation activities among players to strengthen its position in agricultural technology market has boost the demand for market growth. High adoption of agriculture technology in emerging economies has further expected to fruitful the demand for Crop Monitoring market growth. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
Key Market Insights from the report:
Crop Monitoring Market was valued at US$ 4.1 billion in 2024 and is projected to grow at a CAGR of 16.2% to reach US$ 16.1 billion by 2034. The Crop Monitoring Market is segmented based on Farm Type, Offering, Technology, Application, and Region.
- Based on Farm Type, Crop Monitoring Market is segmented into Large, Medium, and Small.
- Based on Offering, Crop Monitoring Market is segmented into Services, Hardware, and Software.
- Based on Technology, Crop Monitoring Market is segmented into Automation & Robotics, Variable Rate, Sensing & Imagery.
- Based on Application, Crop Monitoring Market is segmented into Soil Monitoring, Field Mapping, Crop Scouting, Variable rate application, Yield mapping and monitoring, Weather tracking and forecasting, and Others.
- By Region, the Crop Monitoring Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Competitive Landscape & their strategies of Crop Monitoring Market:
The prominent players operating in the Crop Monitoring Market includes, Trimble, Topcon Corporation, Yara International, The Climate Corporation, CropX Technologies, Taranis, Cropio, AgLeader, PrecisionHawk, Earth Observing System, and Others.
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