Crop Monitoring Market To Grow With an Impressive CAGR During the Forecast Period
Surging demand to increase yields is
driving the growth in Global Crop Monitoring Market in the forecast period,
2022-2026.
According
to TechSci Research report, “Global Crop Monitoring Market By Offering (Hardware,
Software, Services) By Technology (Sensing & Imagery, Variable Rate
Technology, Automation & Robotics) By Farm Type (Small, Medium, Large) By
Application (Field Mapping, Crop Scouting & Monitoring, Soil Monitoring,
Yield Mapping & Monitoring, Others) By Region, Competition Forecast &
Opportunities, 2026”,
the global crop monitoring market may potentially project an impressive growth
in the forecast period, 2022-2026, with an impressive CAGR on the account of increase
in the adoption of crop monitoring devices due to availability of products
awareness among the farmer community. Moreover, increased production cost
savings from the technology adoption is further substantiating the growth of
the global crop monitoring market in the upcoming five years. Additionally,
increased adoption of the internet of things, and artificial intelligence in
the agricultural sector for the maintenance and monitor the crop health and to monitor
the crop yields, the factor is anticipated to drive the growth of the global
crop monitoring market in the next five years.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Crop monitoring Market"
The global crop monitoring market is segmented by
offering, technology, farm type, application, competitional landscape, and
regional distribution. Based on technology, the market is further fragmented
into sensing & imagery, variable rate technology, automation & robotics.
Sensing and imagery is anticipated to dominate the market segment while owning
maximum revenue shares of the market in the upcoming five years on the account
of higher adoption of remote sensing technology by the farmers enabling them to
monitor their farms remotely, along with surge in demand for efficient and more
advanced method incorporation. Moreover, automation and robotics sub-segment is
expected to register fastest growing CAGR in the next five years on the account
of rising labor crisis, lack of appropriate pay for the labor in various
countries.
Based on farm type, the market is differentiated
into small, medium and large farms. Medium farms are expected to generate
maximum revenue shares meanwhile maintaining the lower investment and dominate
the market segment on the account of surging number of medium sized farms. With
lower investment and technological advancements returns earned by the farmers
are significant. Technologies like remote sensing, automation and robotics, are
supporting the growth of the sub-segment.
Based on offering, the market is further bifurcated
into hardware, software, and services. Services are anticipated to register the
fastest growing CAGR on the account of rapidly increasing demands for the
advanced technological aids for the crop monitoring. Surging demand for the
analysis of national-level data for soil moisture, agricultural vegetation
NDVI, and forecasted & actual values of rainfall & other weather
conditions is supporting the growth of the global crop monitoring market in the
upcoming five years. Moreover, software is expected to hold the largest revenue
shares of the market and dominate the segment in the next five years on the
account of rapidly evolving technological advancements. Software to analyze the
soil moisture, nutrient content of the soil, weather conditions etc. and to
analyze the future prospect of the land and its yield is available and
advancing, thereby supporting the growth of the global crop monitoring market
in the future five years of forecast.
Holding the major shares of the global crop
monitoring market are Trimble Inc., Topcon Corporation, Yara International ASA,
The Climate Corporation, CropX Technologies Ltd., Deere & Company, Syngenta
Group, Precision Hawk, Inc., Ag Leader Technology Inc., AAA Taranis Visual Ltd,
among others. Market players are actively involved in the research and
technological development in the product developments. The advanced technology
has made it possible for the industry to provide excellent services through
crop monitoring. Further advancement would aid the market value and brand
establishment in the future five years. New market players may focus on the
research and development to provide options that satisfies the consumer demand
as well as benefits the market players in building their brand value. Other
competitive strategies include mergers & acquisitions and new product
developments.
Download Free Sample Report
Customers can also request for 10% free
customization on this report.
“North America is anticipated to hold
the largest revenue shares if the market is compared regionally. The market in
the larger economies like United States show promising future. The growth
factors like presence of agricultural-tech giants and increasing number of new
players are supporting the growth of the global crop monitoring market in the
future five years. Asia Pacific region may also rapidly show prominent growth
with fastest growing CAGR in the upcoming five years with high degree of
adoption of agriculture technology in the countries like India, China,
Australia and Japan. New market players are advised to invest in consistent and
detailed research and advancing their technologies for the future brand
establishment and to maintain their position in the market,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based Global
management consulting firm.
“Global Crop Monitoring
Market By Offering (Hardware, Software, Services) By Technology (Sensing &
Imagery, Variable Rate Technology, Automation & Robotics) By Farm Type
(Small, Medium, Large) By Application (Field Mapping, Crop Scouting &
Monitoring, Soil Monitoring, Yield Mapping & Monitoring, Others) By Region,
Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global crop monitoring and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global crop monitoring market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com