Crop Monitoring Market

What Regions Are Leading the Global Crop Monitoring Market to Be Worth $8.9 Billion by 2030?

Crop MonitoringMarket2023-2030 Meticulous Research has released a report titled, Global Crop Monitoring Market by Offering, Technology (Remote Sensing, AI & Computer Vision, Automation & Robotics, Others), Farm Type, Application (Yield Monitoring, Crop Scouting, Nutrient Monitoring, Others), and Geography Forecast to 2030. This report projects that the global crop monitoring market will reach $8.9 billion by 2030, growing at a CAGR of 19.3% during the forecast period. Request For Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5659? The driving forces behind the growth of the crop monitoring market include the growing demand for remote sensing technologies in precision farming, increased government initiatives to promote IoT adoption in agriculture, and a rising population that necessitates high-quality agricultural products. However, challenges such as high costs of advanced agricultural equipment and dynamic government regulations could hinder market growth. Opportunities for Growth As AI and IoT technologies become more integrated into crop monitoring devices, alongside continual upgrades in mapping and navigation solutions, significant growth opportunities are expected in the global crop monitoring market. Nevertheless, challenges remain, particularly the lack of technical knowledge among farmers and the low penetration of agricultural technologies in developing nations. Meticulous Research has meticulously segmented the market based on offering, technology, farm type, application, and geography for enhanced analysis. The report also evaluates industry competitors while analyzing the market at regional and country levels. Market Segmentation by Offering In terms of offerings, the global crop monitoring market is divided into hardware, software, and services. The hardware segment is anticipated to hold the largest share in 2023, driven by the rapid automation of agricultural processes, a rising demand for drones, and increasing labor costs. For instance, XAG Co., Ltd. (China) launched the V40 and P40 agricultural drones in November 2021, designed to assist farmers with mapping, spraying, and broadcasting in rural areas with aging populations and inadequate infrastructure. These drones enhance crop yields, reduce costs, and effectively monitor crop health, as well as detect weeds and pests. Technology Trends Regarding technology, the market is segmented into remote sensing, AI & computer vision, IoT, cloud technologies, big data, automation & robotics, and others. The remote sensing segment is expected to capture the largest share in 2023. This growth can be attributed to the decreasing prices of sensors, the rapid automation of agricultural processes, and increased government spending on farm automation systems. For instance, Farmsense (U.S.) launched its FlightSensor in June 2022, a real-time pest monitoring system designed for commercial farmers to manage pests effectively, optimize crop yield, and improve overall crop management. Page 1 of 4 Meticulous Research| sales@meticulousresearch.com

Crop MonitoringMarket2023-2030 Farm Type Segmentation The global crop monitoring market is categorized by farm type into small farms (less than 2 hectares), medium farms (between 2 - 10 hectares), and large farms (more than 10 hectares). The large farms segment is projected to dominate in 2023. This trend can be attributed to the growing adoption of advanced technologies among large farms, which allows for the quick and accurate assessment of crop health, growth, and yield across vast land areas. Applications of Crop Monitoring In terms of application, the market is segmented into yield monitoring, field mapping, crop scouting, nutrient monitoring, pest control, and others. The yield monitoring segment is anticipated to hold the largest share in 2023, driven by the adoption of precision farming, increasing food consumption due to a growing population, government subsidies in the agricultural sector, and the need for enhanced profitability. For example, NASA partnered with CropX Inc. in March 2021 to set parameters for water usage estimates, yield predictions, and soil quality, supporting sustainable agriculture and improving crop yields. Regional Insights Geographically, the global crop monitoring market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to hold the largest market share in 2023, thanks to the increasing demand for improved food products, the growing interest among farmers in precision farming, and government investments aimed at adopting IoT solutions. For instance, the European Union allocated USD 9.3 million in January 2021 for the Robs4Crops project to expedite the adoption of robotics and automation in European farming. Key Market Players Prominent players in the global crop monitoring market include Topcon Corporation (Japan), Trimble Inc. (U.S.), Climate LLC (U.S.), Yara International ASA (Norway), CropX Inc. (Israel), EOS Data Analytics, Inc. (U.S.), The Cropio Group (U.S.), PrecisionHawk (U.S.), Taranis (Israel), Ag Leader Technology (U.S.), Deere & Company (U.S.), AGCO Corporation (U.S.), Sentera (U.S.), American Robotics, Inc. (U.S.), SGS S.A. (Switzerland), Cropin Technology Solutions Private Limited (India), Arable (U.S.), and Small Robot Company (U.S.). Buy Now: https://www.meticulousresearch.com/Checkout/86634126? About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention Page 2 of 4 Meticulous Research| sales@meticulousresearch.com

Crop MonitoringMarket2023-2030 to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 4 Meticulous Research| sales@meticulousresearch.com