Crop Monitoring Market
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Which Regions Are Leading the Crop Monitoring Market to be Worth $8.9 Billion by 2030?
Crop MonitoringMarket2023-2030 The Global Crop Monitoring Market is set to reach $8.9 billion by 2030, with a CAGR of 19.3% from 2023 to 2030. This expansion is fueled by the growing demand for remote sensing technologies in precision farming and increasing governmental support for IoT adoption in agriculture. However, the high costs of advanced agricultural equipment may limit market growth. Request For Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5659?utm_source=blog&utm_medium=social&utm_campaign=prod uct&utm_content=06-08-2024 Opportunities for growth are bolstered by the integration of AI and IoT in crop monitoring technologies and continuous improvements in mapping and navigation solutions. Nonetheless, the lack of technical expertise among farmers could be a limiting factor. Government Initiatives Governments globally are spearheading efforts to promote IoT in agriculture through various initiatives. For instance, the U.K. government s On-Farm IoT Trial state grants, introduced in February 2023, aim to support farmers in Victoria by improving productivity and sustainability. Furthermore, the U.K. s Department for Environment, Food & Rural Affairs, in partnership with UK Research and Innovation, invested $13.2 million in agricultural automation and robotics in December 2022. India s Ministry of Agriculture also launched initiatives under the National e-Governance Plan in Agriculture to promote the use of IoT, AI, and other technologies. Market Dynamics The hardware segment is anticipated to dominate the market in 2023, driven by the automation of agricultural practices and the growing use of drones. For example, XAG Co., Ltd. introduced V40 and P40 drones designed for rural areas to assist with mapping and monitoring. The big data segment is expected to register the highest CAGR during the forecast period due to its role in crop health monitoring and management. Large farms are projected to be the leading segment in 2023, as they increasingly adopt advanced technologies for efficient crop management. Additionally, the yield monitoring segment is set to experience significant growth, fueled by the demand for precision farming and improved yield. Regional Insights Page 1 of 4 Meticulous Research| sales@meticulousresearch.com
Crop MonitoringMarket2023-2030 Europe is likely to dominate the crop monitoring market in 2023, driven by increasing consumer demand for high-quality food products, greater interest in precision farming, and substantial investments in IoT. For example, the European Union s funding for the Robs4Crops project aims to advance automation in European agriculture. Key Players: 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?utm_source=blog&utm_ medium=social&utm_campaign=product&utm_content=06-08-2024 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 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 Page 2 of 4 Meticulous Research| sales@meticulousresearch.com
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