The global crop monitoring market would be worth USD 5.99 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to the measures taken by governments of several countries to meet the rising demand for food. Rising adoption of the global navigation satellite system, which helps farmers to perform real-time crop vegetation index monitoring, is contributing to growth of the market for crop monitoring. Increasing preferences by farmers to enhance agricultural productivity is likely to boost the demand for crop monitoring solutions in the near future. Rising labor wages led by the declining agricultural workforce in developed economies has resulted in the shift of preference toward automation operations achieved through usage of artificial intelligence (AI) and Internet of Things (IoT) in the agriculture sector.
The market intelligence report on the crop monitoring market forecasts its growth during the years 2020 to 2028. It examines the market size, share, demand, trends, gross revenue, total earnings and net value after a historical analysis of the data collected from the years 2020 to 2028 while taking 2018 as the base year. The study focuses on the driving factors, restrains and hurdles for the growth of the market. The researcher gives market insights relating to the upcoming areas in the business and the impact of technological innovations on the growth of the market.
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Key companies operating in the Crop Monitoring market include:
Yara International, Topcon Corporation, The Climate Corporation (a subsidiary of Bayer), Precision Hawk, Trimble, Deere Company, Raven Industries, AGCO Corporation, AgJunction, and Lindsay Corporation.
Key Objectives of the Report:
- Analysis and estimation of the Crop Monitoring market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Crop Monitoring market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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Emergen Research has segmented the global crop monitoring market in terms of technology, offering, application, and region:
Technology Outlook (Revenue, USD Billion; 2017–2027)
- Variable Rate Technology
- Sensing Imagery
- Automation Robotics
Offering Outlook (Revenue, USD Billion; 2017–2027)
- Software
- Hardware
- Services
Application Outlook (Revenue, USD Billion; 2017–2027)
- Soil Monitoring
- Variable Rate Application
- Field Mapping
- Yield Mapping Monitoring
- Crop Scouting Monitoring
- Weather Tracking Forecasting
- Others
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
- S.
- Canada
- Europe
- K.
- Italy
- Germany
- France
- Rest of EU
- Asia Pacific
- India
- Japan
- China
- South Korea
- Australia
- Rest of APAC
- Latin America
- Chile
- Brazil
- Argentina
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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