Crop Monitoring Market
The Crop Monitoring Market, according to Meticulous Researchu00ae, is on track to reach $8.9 billion by 2030, with a growth rate of 19.3% CAGR from 2024 to 2030.n
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
What Role Does Technology Play in the Crop Monitoring Market s Growth to $8.9 Billion by 2030?
Crop MonitoringMarket2024-2030 Meticulous Research has recently published a comprehensive report, Crop Monitoring Market by Offering, Technology, Farm Type, Application, and Geography Global Forecast to 2030. The report reveals that the global crop monitoring market is anticipated to reach $8.9 billion by 2030, with a notable CAGR of 19.3%. This growth is driven by a surge in demand for remote sensing technologies, government support for IoT integration in agriculture, and increasing food production needs due to a rising global population. Request For Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5659? Key Market Drivers Factors such as the expanding use of remote sensing for precision farming, government initiatives promoting IoT in agriculture, and growing food demands due to population increases are accelerating the market. However, high costs associated with advanced agricultural technology and complex regulatory environments may present challenges to growth. Growth Opportunities and Challenges The adoption of AI and IoT in crop monitoring equipment, along with advancements in navigation and mapping technologies, offers significant growth potential. Conversely, limited technical expertise among farmers and slower adoption rates in developing regions could impede progress. Market Segmentation by Offering The market is segmented into hardware, software, and services. The hardware segment, expected to lead in 2024, is bolstered by trends like automation in farming and the rising use of drones. Notably, companies like XAG Co., Ltd. (China) have launched agricultural drones (e.g., V40, P40) for mapping, spraying, and monitoring, which help enhance yield, reduce costs, and identify crop health issues. Technology-based Segmentation Divided into remote sensing, AI & computer vision, IoT, and other technologies, the remote sensing segment holds the largest share. The availability of affordable sensors and the move towards farm automation are key contributors. Companies like Farmsense (U.S.), which introduced the FlightSensor for real-time pest monitoring, are pioneering this space to optimize crop management. Farm Type Segmentation Market segmentation includes small, medium, and large farms. Large farms dominate due to the higher adoption of precision farming technologies, which facilitate extensive crop monitoring over vast lands. Application Segmentation Applications include yield monitoring, field mapping, and pest control. Yield monitoring remains a leading application, supported by advancements in precision agriculture and government food Page 1 of 4 Meticulous Research| sales@meticulousresearch.com
Crop MonitoringMarket2024-2030 and agriculture subsidies. For example, NASA s collaboration with CropX Inc. (Israel) on water use and yield prediction supports sustainable farming practices. Geographic Insights Europe leads the global market, driven by high demand for food innovation and significant investment in IoT for agriculture. The EU-funded Robs4Crops initiative is a prominent example of government support for integrating robotics in European farming. Key Market Players Top competitors in the crop monitoring market include industry leaders like Topcon Corporation (Japan), Trimble Inc. (U.S.), and Yara International ASA (Norway), among others, who play a vital role in shaping this rapidly evolving market. 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
