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

Report Code: PMI521523 | Publish Date: May 2024 | No. of Pages: 180

Crop Monitoring Market Overview

Crop Monitoring Market was valued at USD 4.1 billion in 2024 and is projected to grow at a CAGR of 16.2% to reach USD 16.1 billion by 2034.

Crop monitoring is used for monitoring the growth status and prediction of crop yield. Crop monitoring involves systematic and regular observation of crops for gathering information about its growth and development. Scouting and trans-act & step-wise method are most useful survey techniques of crop.

Introduction - Crop Monitoring Market

Crop Monitoring Market Drivers & Restraints

Growing adoption of AI and IoT-based crop monitoring devices to fuel market growth

Growing adoption of AI and IoT-based crop monitoring devices across globe has become major driving factor in target market growth. These devices help in maximizing the productivity of farming in several ways such as, accurate monitoring for growth of crops and IoT sensors help in monitoring the various environmental parameters like humidity, temperature, sunlight, moisture and soil nutrient content which affect the growth of crops. Further, insect pests and plant disease can also be detected by using high resolution camera which is coupled with GPRS system.  Thus, rising adoption of digital technology and emergence of AI and IoT-based crop monitoring devices has made farming a smart and advanced agriculture system which provides various benefits for farmers which in turn, propel the demand for Crop Monitoring market growth.

Restrains:

However, lack of skilled farmers and low adoption of advanced agricultural technologies in developing region especially in rural areas has hampered the demand for Crop Monitoring Market growth.

Crop Monitoring Market Segmentations & Regional Insights

Crop Monitoring Market is segmented based on Farm Type, Offering, Technology, Application, and Region.

Farm Type Insight

On the basis of Farm Type, Crop Monitoring Market is segmented into Large, Medium, and Small.

Offering Insight

On the basis of Offering, Crop Monitoring Market is segmented into Services, Hardware, and Software.

Technology Insight

On the basis of Technology, Crop Monitoring Market is segmented into Automation & Robotics, Variable Rate, Sensing & Imagery.

Application Insights

On the basis of 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.

Crop Monitoring Market Regional Insights:

On region the Crop Monitoring Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to continuous technological development, and presence of agri-tech giants such as John Deere, Trimble, AGCO, etc.
  • Asia Pacific market is estimated to witness a fastest revenue share over the forecast period due to largest share of agricultural land, and high adoption of agriculture technology in emerging economies like India, Japan, China and Australia.

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

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, Variable rate application, Yield mapping and monitoring, Weather tracking and forecasting, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Crop Monitoring Market Competitive Landscape & Key Players

The key players operating the Crop Monitoring Market includes, Trimble, Topcon Corporation, Yara International, The Climate Corporation, CropX Technologies, Taranis, Cropio, AgLeader, PrecisionHawk, Earth Observing System, and Others.

Crop Monitoring Market Recent News

The New Launched Product News,

  • In March 2023, PepsiCo launched new crop intelligence model with Cropin in India. These user-friendly mobile apps “Cropin Grow” provide farmers with crop health insights which includes disease early warning system. The initiative under its brand system “Lay’s” has the potential for addressing the challenges with use of satellite imagery correlated with remote sensing data for providing insights.
  • Strategic Acquisitions and Partnership News,
  • In January 2023, CropX Technologies, acquired Tule Technologies, a precision irrigation company. This acquisition will enable CropX to strengthen its position in global market with new data capture technologies to its CropX Agronomic Farm Management System

Crop Monitoring Market Company Profile

  • Trimble
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Topcon Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Yara International
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Climate Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CropX Technologies
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Taranis
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cropio
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AgLeader
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PrecisionHawk
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Earth Observing System
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

FAQs

The Crop Monitoring Market is segmented into Farm Type, Offering, Technology, Application, and Region.

By region, the Crop Monitoring Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Crop Monitoring Market includes, Trimble, Topcon Corporation, Yara International, The Climate Corporation, CropX Technologies, Taranis, Cropio, AgLeader, PrecisionHawk, Earth Observing System, and Others.

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.