Crop Monitoring Market Report: Trends, Forecast and Competitive Analysis to 2030
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Crop Monitoring Trends and Forecast
The future of the global crop monitoring market looks promising with opportunities in the field mapping, crop scouting and monitoring, soil monitoring, yield mapping and monitoring, variable rate application, and weather tracking and forecasting markets. The global crop monitoring market is expected to reach an estimated $6.7 billion by 2030 with a CAGR of 6.9% from 2024 to 2030. The major drivers for this market are increasing need for precision farming using remote sensing technology, expanding government programs encouraging the use of IoT in the agricultural industry, and growing use of IoT and AI in agricultural monitoring equipment.
Lucintel forecasts that hardware will remain the largest segment over the forecast period due to growing demand for drones to monitor yield, quick automation of agricultural processes, and rising labor costs.
Within this market, yield mapping and monitoring is expected to witness the highest growth due to increasing usage of precision farming, population growth driving up food consumption, government subsidies in the food and agriculture sectors, along with the rising need for higher yields and more profitability.
Europe will remain the largest region over the forecast period due to increased interest in precision farming among farmers, rising government spending on IoT technologies, and rising demand for homemade food products.
Emerging Trends in the Crop Monitoring Market
The crop monitoring market is getting remolded due to a set of emerging trends that reflect both the advance of technology and the changing needs within agriculture. These trends move hand-in-hand with increased precision, efficiency, and sustainability for crop monitoring practices, therefore opening up new opportunities both for farmers and other agricultural stakeholders.
Recent Developments in the Crop Monitoring Market
The crop monitoring market is considering a few key developments which reflect advances in technology and changing agricultural practices. These are making the process of crop monitoring more precise and effective, hence facilitating better decision-making and resource management in agriculture.
Strategic Growth Opportunities for Crop Monitoring Market
The crop monitoring market is segmented into different strategic growth opportunities regarding key applications. The advancement in technology and increasing demand for efficient and sustainable agricultural practices are driving these growth opportunities continuously. Identification and capitalization of these opportunities will help companies to expand their presence in the market and improvement in crop management.
Crop Monitoring Market Driver and Challenges
The development and growth of the crop monitoring market is influenced by different drivers and challenges. These range from technological and economic to regulatory. A close view at these drivers and challenges will be essential in the maneuvering of the markets for better opportunities.
The factors responsible for driving the crop monitoring market include:
1. Technological Advancements: The development in technology is the main factor driving growth in the crop monitoring market. Drones, satellite imagery, IoT sensors, and AI-driven analytics are rehashing crop monitoring practices and giving it a complete makeover. The precision, efficiency, and accuracy of the data improve with these technologies, hence improving crop management and optimally utilizing resources. Continuous technological improvement supports the growth and development of the crop-monitoring market.
2. Increasing Demand for Sustainable Agriculture: There is a growing demand for farming practices that are not harmful to the environment with minimum use of natural resources. This sustainability is reinforced by crop monitoring technology since it displays soil health, water usage as well as crop conditions. Due to this demand, farmers are adopting more efficient methods for monitoring to aid them in operations which are more sustainable and hence attaining policies and regulations in regard to the environment.
3. Government Support and Subsidies: Government support for agricultural technologies and crop monitoring solutions, coupled with subsidies, acts as a major growth factor. Most governments provide various financial benefits and other schemes to develop advanced monitoring technologies. By this, the cost factor for the farmers is reduced, enabling the wide application of crop monitoring solutions.
Challenges in the crop monitoring market are:
1. Data Management and Integration: One of the key challenges regarding crop monitoring involves data management and integration from different sources. Much data emanates from sensors, satellites, and other technologies used in monitoring, which calls for effective data management and analysis. Ensuring that data is accurate, secure, and integrated can be a challenge and may pose a lot of difficulties in the implementation of holistic monitoring solutions.
2. High Costs of Advanced Technologies: It is hereby expected that the high cost of most advanced technologies in crop monitoring could act as a barrier for smallholder farmers. Advanced technologies, such as drones, satellite systems, and AI-driven analytics, are usually linked with high initial investment. Addressing the challenges of cost to increase access to advanced technologies in crop monitoring can be realized through subsidies, financing options, and cost-effective solutions.
3. Issues over Regulation and Compliance: All the regulatory and compliance issues affect the crop monitoring market, thereby creating the biggest barrier in the adoption and implementation of technology. Regulations concerning data privacy, environmental standards, and usage of technology can vary across regions. It is tough for a company operating in markets with diverse geographies to navigate through these regulations and ensure their compliance.
Other key drivers of the crop monitoring market include technological advancement, increasing demand for sustainable agriculture, government support, and a focus on food security. Several challenges are at the forefront of this growth and implementation in terms of data management, high costs of technology, and regulatory issues. Spurred by these drivers and opposed by these factors, addressing them is paramount for future development of both crop monitoring technologies and sustainable agriculture.
List of Crop Monitoring Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies crop monitoring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the crop monitoring companies profiled in this report include-
The study includes a forecast for the global crop monitoring by offering, technology, farm type, application, and region.
Crop Monitoring Market by Offering [Analysis by Value from 2018 to 2030]:
New developments within the crop monitoring market are rapidly emerging due to technological innovations, changing environmental conditions, and increasing agricultural demands. Advanced technologies like drones, satellites, and AI analytics improve the capacity for crop monitoring. These advancements enable much more precise and efficient agricultural practice by meeting the specific needs and conditions of different regions. This review provides a broad overview of the state-of-the-art situation concerning crop monitoring in the United States, China, Germany, India, and Japan, reflecting their different approaches and advances in each country.
Market Size Estimates: Crop monitoring market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Crop monitoring market size by various segments, such as by offering, technology, farm type, application, and region in terms of value ($B).
Regional Analysis: Crop monitoring market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offering, technology, farm type, application, and regions for the crop monitoring market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the crop monitoring market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the crop monitoring market size?
Answer: The global crop monitoring market is expected to reach an estimated $6.7 billion by 2030.
Q2. What is the growth forecast for crop monitoring market?
Answer: The global crop monitoring market is expected to grow with a CAGR of 6.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the crop monitoring market?
Answer: The major drivers for this market are increasing need for precision farming using remote sensing technology, expanding government programs encouraging the use of IoT in the agricultural industry and growing use of IoT and AI in agricultural monitoring equipment.
Q4. What are the major segments for crop monitoring market?
Answer: The future of the crop monitoring market looks promising with opportunities in the field mapping, crop scouting and monitoring, soil monitoring, yield mapping and monitoring, variable rate application, and weather tracking and forecasting markets.
Q5. Who are the key crop monitoring market companies?
Answer: Some of the key crop monitoring companies are as follows:
Answer: Lucintel forecasts that hardware will remain the largest segment over the forecast period due to growing demand for drones to monitor yield, quick automation of agricultural processes, and rising labor costs.
Q7. In crop monitoring market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to increased interest in precision farming among farmers, rising government spending on IoT technologies, and rising demand for homemade food products.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the crop monitoring market by offering (hardware, software, and services), technology (sensing and imagery, variable rate technology, and automation and robotics), farm type (small, medium, and large), application (field mapping, crop scouting and monitoring, soil monitoring, yield mapping and monitoring, variable rate application, weather tracking and forecasting, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Crop Monitoring Market, Crop Monitoring Market Size, Crop Monitoring Market Growth, Crop Monitoring Market Analysis, Crop Monitoring Market Report, Crop Monitoring Market Share, Crop Monitoring Market Trends, Crop Monitoring Market Forecast, Crop Monitoring Companies, write Lucintel analyst at email: [email protected]. We will be glad to get back to you soon.
Market Report
Crop Monitoring Trends and Forecast
The future of the global crop monitoring market looks promising with opportunities in the field mapping, crop scouting and monitoring, soil monitoring, yield mapping and monitoring, variable rate application, and weather tracking and forecasting markets. The global crop monitoring market is expected to reach an estimated $6.7 billion by 2030 with a CAGR of 6.9% from 2024 to 2030. The major drivers for this market are increasing need for precision farming using remote sensing technology, expanding government programs encouraging the use of IoT in the agricultural industry, and growing use of IoT and AI in agricultural monitoring equipment.
Lucintel forecasts that hardware will remain the largest segment over the forecast period due to growing demand for drones to monitor yield, quick automation of agricultural processes, and rising labor costs.
Within this market, yield mapping and monitoring is expected to witness the highest growth due to increasing usage of precision farming, population growth driving up food consumption, government subsidies in the food and agriculture sectors, along with the rising need for higher yields and more profitability.
Europe will remain the largest region over the forecast period due to increased interest in precision farming among farmers, rising government spending on IoT technologies, and rising demand for homemade food products.
Emerging Trends in the Crop Monitoring Market
The crop monitoring market is getting remolded due to a set of emerging trends that reflect both the advance of technology and the changing needs within agriculture. These trends move hand-in-hand with increased precision, efficiency, and sustainability for crop monitoring practices, therefore opening up new opportunities both for farmers and other agricultural stakeholders.
- Integration of Artificial Intelligence (AI); AI will be all over crop monitoring, as in analyzing big data from various sources such as satellite imagery and sensors. The algorithms will be able to find patterns in AI data and predict problems in crop health before they get serious. This trend leads towards improvement of decision-making processes, enhancement of yield forecast, and enabling the management of crops much more effectively. AI-driven insights enable optimized inputs like water and fertilizers, hence increasing efficiency and reducing environmental impact.
- Use of Drones and Satellites; Drones and satellite technology provide high-resolution imagery and real-time data in crop monitoring. This new technology enables the capturing of highly detailed views of crops from above through drones, while the satellites undertake larger-scale, region-wide coverage. It enables the effective monitoring of crop health, soil conditions, and environmental factors with great precision. These collectively contribute to the early detection of the onset of diseases, pests, and nutrient shortages, thus facilitating timely intervention and ensuring better management of crops.
- Development of Smart Sensors and IoT: Smart sensors and IoT devices are finding much significance in the estimation of soil moisture and temperature, among other important variables. This can be very valuable real-time information for the farmers in making decisions related to irrigation, fertilization, and pest management. IoT-enabled systems can monitor and automatically adjust inputs continuously for better efficiency of resources and health of the crop, promoting the development of precision agriculture along with better agricultural management.
- Advancement in Remote Sensing Technologies: Remote sensing technologies are continuously improving to achieve even higher resolution and accuracy. New sensors and ways of imagery enable monitoring conditions for crops in more detail and with accuracy. This trend helps to observe crop health, detect diseases, and optimize resource usage. With their enhanced remote sensing capability, valuable insights related to precision agriculture, thus better management practices and increased crop yields, are gained.
- Focus on Data Analytics and Big Data: Crop monitoring is increasingly using data analytics and big data. More accurate large volumes of data are analyzed from various sources to make more realistic predictions to optimize agricultural practices. This trend is very supportive of decision-making by providing actionable insights and trends. Data-driven approaches help farmers make strategies that best meet the needs of the crops and environmental conditions, hence enhancing overall efficiency and productivity.
Recent Developments in the Crop Monitoring Market
The crop monitoring market is considering a few key developments which reflect advances in technology and changing agricultural practices. These are making the process of crop monitoring more precise and effective, hence facilitating better decision-making and resource management in agriculture.
- Adoption of Precision Agriculture Technologies: Application of precision agriculture technologies in crop monitoring is a wide trend nowadays, from GPS-guided equipment to automation. All this allows for the exact application of inputs like water, fertilizers, and pesticides. This development puts forward the goal of optimizing resource use, reducing waste, and improving crop yields. Precision agriculture also helps in sustainable farming practices that reduce environmental impact and enhances productivity at large farms.
- Growth in Remote Sensing and Satellite Monitoring: Remote sensing and satellite monitoring, increasingly available in high resolution, detect detailed imagery with comprehensive data on crop health and soil conditions. Such technology makes farmers efficiently monitor large areas with high precision, detecting early signs of diseases or pests, thereby allowing better crop management. With the upsurge of such technologies, there is proper planning; hence, increased productivity and quality are attained.
- IoT and Smart Sensor Applications Expand: IoT and smart sensors find their application in crop monitoring-supplying real-time data on critical variables like soil moisture and temperature. Further, these technologies enable continuous monitoring and automatic irrigation and nutrient management accordingly. This expansion of IoT and smart sensors contributes toward precision agriculture through more accurate and timely information, thus enhancing resource efficiency in crop management.
- Integration of Machine Learning and AI; It uses machine learning and AI in large data analysis to provide actionable insights from the Crop Monitoring System. With AI algorithms, one is able to make predictions about crop health issues, optimize resources, and improve yield prediction. This helps in better decision-making and enhances overall management of agricultural operations. Integration of AI and Machine Learning increases efficiency and accuracy of Crop Monitoring Practices.
- Mobile and Cloud-based Platform Development: Nowadays, mobile and cloud-based platforms are becoming popular for monitoring crops. These provide the farmer with real-time data and analytics from anywhere in the field. Easy data sharing, collaboration, and access to advanced monitoring tools can be enabled on these platforms. The development of mobile and cloud-based solutions supports higher flexibility and efficiency in crop management, thus allowing farmers to make informed decisions and immediately take action in response to dynamic conditions.
Strategic Growth Opportunities for Crop Monitoring Market
The crop monitoring market is segmented into different strategic growth opportunities regarding key applications. The advancement in technology and increasing demand for efficient and sustainable agricultural practices are driving these growth opportunities continuously. Identification and capitalization of these opportunities will help companies to expand their presence in the market and improvement in crop management.
- Precision Agriculture and Advanced Analytics: This makes Advanced Analytics-driven Precision Agriculture a high growth opportunity. Technologies such as GPS-guided systems and platforms of data analytics enable the farming fraternity to manage their crops and resources with pinpoint accuracy. Key business benefits include enhanced yield predictions, efficient usage of inputs, and better farm efficiency overall. Companies offering precision agriculture solutions can tap into the growing demand for efficient and sustainable farming practices.
- Remote Sensing and Satellite Imagery: Large-scale crop monitoring relies on remote sensing and satellite imagery. Advanced satellite technologies ensure that clear images captured at a high resolution represent very accurate details related to the health status of crops, soil conditions, and environmental factors. A company offering remote sensing and satellite monitoring services could provide the needed details and accuracy in crop assessment to support better decisions and management.
- IoT and Smart Sensor Technologies; This also opens opportunities for the inclusion of IoT and smart sensor technologies, usually deployed for crop monitoring. It provides real-time data on soil moisture, temperature, and other critical variables. Companies that develop and deploy IoT-enabled sensors can meet the demand for continuous monitoring and automated adjustments, thus improving resource efficiency and crop health management.
- AI and Machine Learning Solutions: Crop monitoring becomes increasingly important, utilizing AI and machine learning solutions. These technologies analyze huge datasets for insight into the health of crops, optimize resource use, and predict possible problems. This no doubt presents a wonderful avenue for companies offering AI-driven crop monitoring solutions since the trend toward insight-driven decision-making is increasingly pursued, hence raising precision and efficiency in agricultural practices.
- Mobile and Cloud-Based Monitoring Platforms: Mobile and cloud-based monitoring platforms have opened opportunities for growth with the use of real-time data and analytics from any location. This enables data sharing, collaboration, and access to advanced monitoring tools. Those companies which have participated or are participating in the design of mobile or cloud-based solutions can answer the demand for flexibility and efficiency in crop management by supporting farmers with informed decision-making.
Crop Monitoring Market Driver and Challenges
The development and growth of the crop monitoring market is influenced by different drivers and challenges. These range from technological and economic to regulatory. A close view at these drivers and challenges will be essential in the maneuvering of the markets for better opportunities.
The factors responsible for driving the crop monitoring market include:
1. Technological Advancements: The development in technology is the main factor driving growth in the crop monitoring market. Drones, satellite imagery, IoT sensors, and AI-driven analytics are rehashing crop monitoring practices and giving it a complete makeover. The precision, efficiency, and accuracy of the data improve with these technologies, hence improving crop management and optimally utilizing resources. Continuous technological improvement supports the growth and development of the crop-monitoring market.
2. Increasing Demand for Sustainable Agriculture: There is a growing demand for farming practices that are not harmful to the environment with minimum use of natural resources. This sustainability is reinforced by crop monitoring technology since it displays soil health, water usage as well as crop conditions. Due to this demand, farmers are adopting more efficient methods for monitoring to aid them in operations which are more sustainable and hence attaining policies and regulations in regard to the environment.
3. Government Support and Subsidies: Government support for agricultural technologies and crop monitoring solutions, coupled with subsidies, acts as a major growth factor. Most governments provide various financial benefits and other schemes to develop advanced monitoring technologies. By this, the cost factor for the farmers is reduced, enabling the wide application of crop monitoring solutions.
Challenges in the crop monitoring market are:
1. Data Management and Integration: One of the key challenges regarding crop monitoring involves data management and integration from different sources. Much data emanates from sensors, satellites, and other technologies used in monitoring, which calls for effective data management and analysis. Ensuring that data is accurate, secure, and integrated can be a challenge and may pose a lot of difficulties in the implementation of holistic monitoring solutions.
2. High Costs of Advanced Technologies: It is hereby expected that the high cost of most advanced technologies in crop monitoring could act as a barrier for smallholder farmers. Advanced technologies, such as drones, satellite systems, and AI-driven analytics, are usually linked with high initial investment. Addressing the challenges of cost to increase access to advanced technologies in crop monitoring can be realized through subsidies, financing options, and cost-effective solutions.
3. Issues over Regulation and Compliance: All the regulatory and compliance issues affect the crop monitoring market, thereby creating the biggest barrier in the adoption and implementation of technology. Regulations concerning data privacy, environmental standards, and usage of technology can vary across regions. It is tough for a company operating in markets with diverse geographies to navigate through these regulations and ensure their compliance.
Other key drivers of the crop monitoring market include technological advancement, increasing demand for sustainable agriculture, government support, and a focus on food security. Several challenges are at the forefront of this growth and implementation in terms of data management, high costs of technology, and regulatory issues. Spurred by these drivers and opposed by these factors, addressing them is paramount for future development of both crop monitoring technologies and sustainable agriculture.
List of Crop Monitoring Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies crop monitoring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the crop monitoring companies profiled in this report include-
- Trimble
- Topcon Corporation
- Yara International
- The Climate Corporation
- CropX Technologies
- Cropwise Operations
- Earth Observing System
- PrecisionHawk
- Ag Leader
- Taranis
The study includes a forecast for the global crop monitoring by offering, technology, farm type, application, and region.
Crop Monitoring Market by Offering [Analysis by Value from 2018 to 2030]:
- Hardware
- Software
- Services
- Sensing and Imagery
- Variable Rate Technology
- Automation and Robotics
- Small
- Medium
- Large
- Field mapping
- Crop scouting and monitoring
- Soil monitoring
- Yield mapping and monitoring
- Variable rate application
- Weather tracking and forecasting
- Others
- North America
- Europe
- Asia Pacific
- The Rest of the World
New developments within the crop monitoring market are rapidly emerging due to technological innovations, changing environmental conditions, and increasing agricultural demands. Advanced technologies like drones, satellites, and AI analytics improve the capacity for crop monitoring. These advancements enable much more precise and efficient agricultural practice by meeting the specific needs and conditions of different regions. This review provides a broad overview of the state-of-the-art situation concerning crop monitoring in the United States, China, Germany, India, and Japan, reflecting their different approaches and advances in each country.
- United States: Other recent developments in crop monitoring include the use of precision agriculture in the U.S.; with the use of drones and satellite imagery, these jobs are becoming more prevalent. It's giving farmers a detailed look at their crops to understand their health, the condition of the soil, and whether they need irrigation. The use of AI and machine learning algorithms while analyzing this further enables better prediction and decision-making, helping in optimizing the crop yield by minimizing resource usage and supporting sustainable farming.
- China: Meanwhile, China has not only started making progress but has also emphasized the steps taken by it in crop monitoring through the application of remote sensing technology and AI. Governments have invested millions in satellite-based monitoring systems that track the growth of crops and estimate agricultural productivity. More or less, big data analytics has been enhancing forecast accuracy on crops and enables large-scale agricultural operations management. The improvements to be made will enhance food security and help agriculture become efficient with increasing demand because of population growth.
- Germany: In Germany, much effort is put into integrating technologies for crop monitoring with sustainable farming. IoT devices and smart sensors are increasingly adopted to monitor soil moisture, nutrient levels, and crop health in real time. Further, their research efforts are also high in establishing precision farming techniques that minimize environmental impact and maximize resource use. All these innovations are tailored to support the broader objectives of the country in attaining sustainable and efficient agriculture.
- India: Satellite imagery for crop monitoring and mobile applications are gaining momentum in India. Due to the diversity in the type of crops grown and varied climatic conditions, such technologies enable farmers to make informed decisions on irrigation frequencies, timing of pest management, and optimization of fertilizers. Government support in terms of initiatives and subsidies is favoring this transition to improve productivity, particularly at the level of smallholder farmers. This transformation is really key to meeting food security and ensuring agricultural sustainability in India.
- Japan: Japan has been using advanced robotics and AI-driven analytics for crop monitoring. Autonomous drones and ground robots extend precision in agriculture, such as planting, monitoring, and harvesting. The Government of Japan has also been focused on integrating crop monitoring into smart agriculture solutions that will help solve labor shortages and enhance efficiency. Such technological steps have helped modernize Japanese agriculture and improve overall crop management.
Market Size Estimates: Crop monitoring market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Crop monitoring market size by various segments, such as by offering, technology, farm type, application, and region in terms of value ($B).
Regional Analysis: Crop monitoring market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offering, technology, farm type, application, and regions for the crop monitoring market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the crop monitoring market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the crop monitoring market size?
Answer: The global crop monitoring market is expected to reach an estimated $6.7 billion by 2030.
Q2. What is the growth forecast for crop monitoring market?
Answer: The global crop monitoring market is expected to grow with a CAGR of 6.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the crop monitoring market?
Answer: The major drivers for this market are increasing need for precision farming using remote sensing technology, expanding government programs encouraging the use of IoT in the agricultural industry and growing use of IoT and AI in agricultural monitoring equipment.
Q4. What are the major segments for crop monitoring market?
Answer: The future of the crop monitoring market looks promising with opportunities in the field mapping, crop scouting and monitoring, soil monitoring, yield mapping and monitoring, variable rate application, and weather tracking and forecasting markets.
Q5. Who are the key crop monitoring market companies?
Answer: Some of the key crop monitoring companies are as follows:
- Trimble
- Topcon Corporation
- Yara International
- The Climate Corporation
- CropX Technologies
- Cropwise Operations
- Earth Observing System
- PrecisionHawk
- Ag Leader
- Taranis
Answer: Lucintel forecasts that hardware will remain the largest segment over the forecast period due to growing demand for drones to monitor yield, quick automation of agricultural processes, and rising labor costs.
Q7. In crop monitoring market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to increased interest in precision farming among farmers, rising government spending on IoT technologies, and rising demand for homemade food products.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the crop monitoring market by offering (hardware, software, and services), technology (sensing and imagery, variable rate technology, and automation and robotics), farm type (small, medium, and large), application (field mapping, crop scouting and monitoring, soil monitoring, yield mapping and monitoring, variable rate application, weather tracking and forecasting, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Crop Monitoring Market, Crop Monitoring Market Size, Crop Monitoring Market Growth, Crop Monitoring Market Analysis, Crop Monitoring Market Report, Crop Monitoring Market Share, Crop Monitoring Market Trends, Crop Monitoring Market Forecast, Crop Monitoring Companies, write Lucintel analyst at email: [email protected]. We will be glad to get back to you soon.
Market Report
1. EXECUTIVE SUMMARY
2. GLOBAL CROP MONITORING MARKET : MARKET DYNAMICS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Crop Monitoring Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Crop Monitoring Market by Offering
3.3.1: Hardware
3.3.2: Software
3.3.3: Services
3.4: Global Crop Monitoring Market by Technology
3.4.1: Sensing and Imagery
3.4.2: Variable Rate Technology
3.4.3: Automation and Robotics
3.5: Global Crop Monitoring Market by Farm Type
3.5.1: Small
3.5.2: Medium
3.5.3: Large
3.6: Global Crop Monitoring Market by Application
3.6.1: Field mapping
3.6.2: Crop scouting and monitoring
3.6.3: Soil monitoring
3.6.4: Yield mapping and monitoring
3.6.5: Variable rate application
3.6.6: Weather tracking and forecasting
3.6.7: Others
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030
4.1: Global Crop Monitoring Market by Region
4.2: North American Crop Monitoring Market
4.2.1: North American Crop Monitoring Market by Offering: Hardware, Software, and Services
4.2.2: North American Crop Monitoring Market by Application: Field mapping, Crop scouting and monitoring, Soil monitoring, Yield mapping and monitoring, Variable rate application, Weather tracking and forecasting, and Others
4.3: European Crop Monitoring Market
4.3.1: European Crop Monitoring Market by Offering: Hardware, Software, and Services
4.3.2: European Crop Monitoring Market by Application: Field mapping, Crop scouting and monitoring, Soil monitoring, Yield mapping and monitoring, Variable rate application, Weather tracking and forecasting, and Others
4.4: APAC Crop Monitoring Market
4.4.1: APAC Crop Monitoring Market by Offering: Hardware, Software, and Services
4.4.2: APAC Crop Monitoring Market by Application: Field mapping, Crop scouting and monitoring, Soil monitoring, Yield mapping and monitoring, Variable rate application, Weather tracking and forecasting, and Others
4.5: ROW Crop Monitoring Market
4.5.1: ROW Crop Monitoring Market by Offering: Hardware, Software, and Services
4.5.2: ROW Crop Monitoring Market by Application: Field mapping, Crop scouting and monitoring, Soil monitoring, Yield mapping and monitoring, Variable rate application, Weather tracking and forecasting, and Others
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Crop Monitoring Market by Offering
6.1.2: Growth Opportunities for the Global Crop Monitoring Market by Technology
6.1.3: Growth Opportunities for the Global Crop Monitoring Market by Farm Type
6.1.4: Growth Opportunities for the Global Crop Monitoring Market by Application
6.1.5: Growth Opportunities for the Global Crop Monitoring Market by Region
6.2: Emerging Trends in the Global Crop Monitoring Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Crop Monitoring Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Crop Monitoring Market
6.3.4: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Trimble
7.2: Topcon Corporation
7.3: Yara International
7.4: The Climate Corporation
7.5: CropX Technologies
7.6: Cropwise Operations
7.7: Earth Observing System
7.8: PrecisionHawk
7.9: Ag Leader
7.10: Taranis
2. GLOBAL CROP MONITORING MARKET : MARKET DYNAMICS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Crop Monitoring Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Crop Monitoring Market by Offering
3.3.1: Hardware
3.3.2: Software
3.3.3: Services
3.4: Global Crop Monitoring Market by Technology
3.4.1: Sensing and Imagery
3.4.2: Variable Rate Technology
3.4.3: Automation and Robotics
3.5: Global Crop Monitoring Market by Farm Type
3.5.1: Small
3.5.2: Medium
3.5.3: Large
3.6: Global Crop Monitoring Market by Application
3.6.1: Field mapping
3.6.2: Crop scouting and monitoring
3.6.3: Soil monitoring
3.6.4: Yield mapping and monitoring
3.6.5: Variable rate application
3.6.6: Weather tracking and forecasting
3.6.7: Others
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030
4.1: Global Crop Monitoring Market by Region
4.2: North American Crop Monitoring Market
4.2.1: North American Crop Monitoring Market by Offering: Hardware, Software, and Services
4.2.2: North American Crop Monitoring Market by Application: Field mapping, Crop scouting and monitoring, Soil monitoring, Yield mapping and monitoring, Variable rate application, Weather tracking and forecasting, and Others
4.3: European Crop Monitoring Market
4.3.1: European Crop Monitoring Market by Offering: Hardware, Software, and Services
4.3.2: European Crop Monitoring Market by Application: Field mapping, Crop scouting and monitoring, Soil monitoring, Yield mapping and monitoring, Variable rate application, Weather tracking and forecasting, and Others
4.4: APAC Crop Monitoring Market
4.4.1: APAC Crop Monitoring Market by Offering: Hardware, Software, and Services
4.4.2: APAC Crop Monitoring Market by Application: Field mapping, Crop scouting and monitoring, Soil monitoring, Yield mapping and monitoring, Variable rate application, Weather tracking and forecasting, and Others
4.5: ROW Crop Monitoring Market
4.5.1: ROW Crop Monitoring Market by Offering: Hardware, Software, and Services
4.5.2: ROW Crop Monitoring Market by Application: Field mapping, Crop scouting and monitoring, Soil monitoring, Yield mapping and monitoring, Variable rate application, Weather tracking and forecasting, and Others
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Crop Monitoring Market by Offering
6.1.2: Growth Opportunities for the Global Crop Monitoring Market by Technology
6.1.3: Growth Opportunities for the Global Crop Monitoring Market by Farm Type
6.1.4: Growth Opportunities for the Global Crop Monitoring Market by Application
6.1.5: Growth Opportunities for the Global Crop Monitoring Market by Region
6.2: Emerging Trends in the Global Crop Monitoring Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Crop Monitoring Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Crop Monitoring Market
6.3.4: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Trimble
7.2: Topcon Corporation
7.3: Yara International
7.4: The Climate Corporation
7.5: CropX Technologies
7.6: Cropwise Operations
7.7: Earth Observing System
7.8: PrecisionHawk
7.9: Ag Leader
7.10: Taranis
