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.
The Crop Monitoring Market size was valued at US$ 2.3 Bn. in 2020 and the total revenue is expected to grow at 15.2% from 2021 to 2027, reaching nearly US$ 5.38 Bn.
Crop Monitoring Market Overview:
The Crop Monitoring Market drivers, restraints, technical advancements, product developments, market opportunities, restrictions, growth strategies, and market prospects, as well as the forecast period, are briefly covered in the Crop Monitoring Market Research report. The Crop Monitoring Market Research Report covers a detailed analysis of strategy, micro and macro market trends and scenarios, pricing analysis, and short-term market circumstances, as well as an in-depth look at the main rivals.
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Market Scope:
The analysis by Maximize Market Research focuses on the most important regional market share data. Simultaneously, it highlights the most important aspects of each regional market's growth tendencies. The research also includes a full geographical analysis of the industry, highlighting industry growth potential and market hurdles in each of the world's key regions. This Crop Monitoring Market study covers import and export consumption, supply and demand, costs, prices, shares, sales volumes, revenues, and gross profits. This report looks at each manufacturer's manufacturing bases, capacity, production, factory prices, revenues, and market share in the Crop Monitoring Market.
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
The Crop Monitoring Market research report contains a detailed regional key player analysis of the Crop Monitoring Market industry, with an emphasis on business growth opportunities and market hurdles in each of the globe's major regions. The report looks at the most recent notable breakthroughs in the Crop Monitoring Market, as well as the major producers and inventors.
Regional Analysis:
This study examines the Crop Monitoring Market's growth pattern in great detail. It demonstrates how the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, have global influence. The market's key geographies, as well as notable segments and sub-segments, are examined in the Crop Monitoring Market Industry Research. Figures, geographies, and revenue are included in this Crop Monitoring Market report, as well as an in-depth look at the business chain structure, prospects, and industry news.
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Key Questions answered in the Crop Monitoring Market Report are:
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 12, 2023
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