Crop Monitoring Market
According to Meticulous Researchu00ae, the Crop Monitoring Market is projected to reach $8.9 billion by 2030, with a compound annual growth rate (CAGR) of 19.3% from 2024 to 2030.n
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What Role Do Partnerships and Collaborations Play in the Global Crop Monitoring Market Reaching $8.9 Billion by 2030?
Crop MonitoringMarket2023-2030 According to a recent report by Meticulous Research , the global Crop Monitoring Market is set to hit $8.9 billion by 2030, expanding at a CAGR of 19.3% from now until then. The market is propelled by the increasing need for remote sensing technologies in precision farming, supportive government initiatives for IoT integration in agriculture, and rising consumer demand for high- quality food products. Request For Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5659? Challenges such as high costs for advanced agricultural equipment and fluctuating regulatory environments could restrain growth. However, the rising use of AI and IoT in crop monitoring and advancements in mapping technologies present significant growth opportunities. Yet, obstacles such as limited technical expertise among farmers and low technology penetration in developing regions could slow market expansion. The market is categorized by offerings into hardware, software, and services, with hardware expected to dominate in 2023 due to increased automation and demand for drones. For example, XAG Co., Ltd. (China) has released drones to assist farmers with mapping, spraying, and monitoring crops. Technology segments include remote sensing, AI & computer vision, IoT, cloud technologies, big data, automation & robotics, among others. Remote sensing is anticipated to capture the largest market share in 2023 owing to decreasing sensor costs and enhanced agricultural automation. Farmsense (U.S.) s FlightSensor, for instance, offers real-time pest monitoring to improve crop management. By farm type, large farms (over 10 hectares) are forecasted to lead the market in 2023 due to their adoption of cutting-edge technologies for large-scale crop monitoring. Applications include yield monitoring, field mapping, crop scouting, nutrient monitoring, pest control, and others, with yield monitoring expected to dominate. This segment benefits from the rise in precision farming and the need for increased food production. NASA s partnership with CropX Inc. (Israel) to optimize water usage and crop yields highlights advancements in this area. Regionally, Europe is projected to hold the largest share in 2023 due to growing demand for high- quality food and significant government investment in IoT solutions, such as the European Union s funding for the Robs4Crops project. Key Players The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the global crop monitoring market study are Topcon Corporation (Japan), Trimble Inc. (U.S.), Climate LLC (U.S.), Yara International ASA (Norway), CropX Inc. (Israel), EOS Data Analytics, Page 1 of 4 Meticulous Research| sales@meticulousresearch.com
Crop MonitoringMarket2023-2030 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 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 2 of 4 Meticulous Research| sales@meticulousresearch.com
