Crop Monitoring Market size was valued at US$ 2.3 Bn. in 2020 and the total revenue is expected to grow at 15.2% through 2021 to 2027, reaching nearly US$ 5.38 Bn.
Crop Monitoring Market Overview
The recently published Crop Monitoring Market report by MMR Maximise Market Research provides an in-depth analysis of the Crop Monitoring Market and indicates the lucrative growth for the Crop Monitoring Market suppliers in the forecasted period. MMR has served around 600 clients across the globe since 2017. The impact of the market is normal after the Covid lockdown has been analyzed in the report and the market is showing an upward trend even in the midst of an economic slowdown.
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Market Scope
The Crop Monitoring Market report provides key points that indicate the lucrative growth in the Crop Monitoring Market. Due to the significant efforts of the industry participants, the market is forecasted to grow by 2029. The report provides the cost structures and development goals and objectives of the key players. The reports comprise data on market size, current and future trends, market share, opportunities, threats, risks, and the new entrants to the market. The MMR’s report on the Crop Monitoring Market can help new entrants in the market for understanding the new trends and opportunities as well as challenges of the industry. While researching the Crop Monitoring Market various methodologies were undertaken by the research analysts and industry experts to know the strengths, weaknesses, opportunities, and threats. The report provides the users the comprehensive information on analytical data scientifically displayed in the form of graphs, tables, and pie charts as well as product statistics.
Segmentation:
By Technology, the Crop Monitoring Market is segmented as Sensing & Imagery, VRT, Automation & Robotics. Due to the widespread adoption of remote sensing technologies by farmers to remotely monitor their crops, the Sensing and Imagery segment dominates the crop monitoring market with the market share of 43% in 2021. These sensing and imaging technologies provide a detailed picture of the farm and inform farmers on the health of their crops. In order to solve the labour issue that various countries around the world are facing, the automation & robotics segment is likely to dominate the market in the forecast term and has the market share of 34% in 2021 followed by VRT (Variable Rate Technology) with the market share of 23%. Variable-rate technology (VRT) permits fertiliser, pesticides, lime, gypsum, irrigation water, and other farm inputs to be administered at varied rates across a field without having to change rate settings on equipment or make several runs over the same area.
By Application, the Crop Monitoring Market is segmented as Field Mapping, Crop Monitoring, Soil Scouting. Crop monitoring dominates the Crop Monitoring Market with the market share of 40% in 2021 due to the rising requirement to detect pests and other illnesses as early as possible in order to implement an effective treatment supplied to the crop at the proper time, the Crop Monitoring sector is expected to increase market growth in the forecast term. Soil Scouting has the market share of 33% in 2021 as it is important for some farmers to scout the right type of soil to grow the crop of their choice followed by Field mapping with the market share of 27% in 2021.
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Key Players
• John Deree
• Agrisource Data
• Raven Industries
• AGCO Corporation
• Pessl Instruments
• Mouser Electronics
• Topcon Corporation
• Agjunction
• Taranis Visual
• CorpX
• Trimble
• Yara International ASA
• The Climate Corporation
Regional Analysis
The research delves into the Crop Monitoring Market in-depth, segmenting it into regions. The report evaluates the market with different regions on a local as well as country-by-country basis this gives out a clear identification of the market trends, restrictions, and new development opportunities. Understanding the local and regional consumer behavior can help the new entrants to target the real Crop Monitoring Market audience.
Key Questions answered in the Crop Monitoring Market Report are:
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Mar 10, 2023
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