Crop Monitoring Market

Crop Monitoring Market was estimated at USD 1,785 Million in 2020 and anticipated to grow at 15.3% CAGR during forecast period.

Introduction of the Crop Monitoring Market Report

Crop monitoring is the method of smart devices implementing for certain farming operations during the crop developmental stages such as harvesting, water spraying etc. operations, so as to enhance the crop production. It enables the farmer for implementing timely interventions for ensuring optimal yields at the end of the season. Monitoring crops prevents the production and spread of pests, guarantee farmers to disappear the diseases and weeds that prone to appear.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global crop monitoring market is increasing demand for the higher crop yield to serve the huge population food demand. Further increasing demand for large scale crop condition monitoring for decision making information for the agricultural and necessary premise for crop production estimation. For instance, according to the food and agriculture organization of the United States in 2018, the primary crop production reached to 9.2 billion tons and is expected to reach due to rising huge population. For instance, according to the UN Population Organization, globally an estimated 7.7 billion people worldwide in 2019, and the global population is expected to 8.5 billion by 2030.

Rising trend towards adoption of the advanced modern technology such as IoT, AI etc. for global and regional scale agricultural monitoring systems which aim to provide information regarding food production for higher crop yield in support of global and national food security is expected to strengthen the market growth. For instance in July 2021, Arable launched a new generation of IoT tools for data-driven farming to take advantage of advanced sensors, wireless networks, and machine learning recommendations to improve crop growth.

Restraint in the Crop Monitoring Market

However, require high skilled workers to operate the digital tools and high capital cost for the advanced technology tools and equipments in with proper training and guidance that may hamper the global crop monitoring market.

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Technology- Segment Analysis

Based on the technology, remote sensing expected to grow at the fastest rate in the global crop monitoring market during the study period, this is primarily attributed to rising trends towards adoption of the advanced technology smart IoT devices for agricultural monitoring. For instance, in Sept, 2019, EOS launched satellite monitoring technology for boosting farm efficiency by up to 20% for the North American market. The EOS Crop Monitoring solution is the advanced technology for new markets which are available in Europe, LATAM and North America.

Solutions – Segment Analysis

Based on the Solutions, hardware holds the highest market share in 2020 for the global crop monitoring market owing to surge in the adoption by the farmers with advanced technology equipments.

Application – Segmentation Analysis

In terms of the application, field mapping segment has the largest contribution for the growth of the global crop monitoring market, this is attributed to rising demand for the GPS mapping with government initiatives and schemes for crop production enhancement. For instance, in June 2018, Indian Space Research Organisation (ISRO) has planned to build more remote-sensing satellite capacity to expand space-based agricultural forecast to cover over 23 crops.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the global crop monitoring market in 2019 due to presence of the advanced technology such as IoT, and AI-based devices for enhancing the crop production. For instance, in March, 2021, in the United States, AI companies have raised US$ 33 Billion despite a slump in total deals for artificial intelligence tech across industries like marketing, agriculture, healthcare, retail, and more.

Also, Asia Pacific region is growing at faster pace due to increasing at rapid pace owing to rising demand for the crop monitoring with government initiatives and schemes for enhancing the crop production require for huge population in this region. For instance, in Nov, 2019, International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), Microsoft, and the Andhra Pradesh government has made partnership for enhancing the crop yield increased by 30% with 175 smallholder farmers with adoption of the advanced technology. The governments of Andhra Pradesh have adopted the technological solutions for delivering sustainable solutions to smallholder farmers in order to boost the agriculture sector in India.​

Top Market Players

Various notable players operating in the market, includes Deere & Company., Monsanto Company, Topcon Precision Agriculture, Agco Corporation, Teejet Technologies Illinois Llc, Kasco Manufacturing Co., Inc., Davimac Manufacturing, Kubota Corporation, Morris Industries Ltd, Seedmaster, and among others. 

Key Developments:

• • In April 2019:  Yara International made partnership with IBM for making combine world-class agronomy with its cutting edge technology by developing a digital farming platform to help farmers worldwide so as to increase food production.
  • June 2018: AG Junction has launched HandsFreeFarm.com online store for bringing low-cost, simple-to-use precision agriculture solutions for all farmers.
  • In October 2021, John Deere has launched a new home of digital farming insights, information, and learning resources with launching of the John Deere Digital Agriculture Hub.
  • In Feb 2021, Mahindra launched ‘Farming As A Service’ In Karnataka, India for Technology services such as precision farming, and equipment rental.

Segments covered in the Report:

The global crop monitoring market has been segmented on the basis of technology, solutions, application, and key regions. Based on technology, the market is segmented into remote sensing, guidance system and variable rate technology. In terms of solutions the market is divided into software, hardware and services. In terms of applications, the global crop monitoring market is divided into crop scouting, variable rate application, field mapping, yield monitoring, soil monitoring and others. 

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Key questions answered in this research report:

• • At what pace is global Crop Monitoring market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Crop Monitoring market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Crop Monitoring market?
  • Which technology generated maximum revenues in 2020 and identifies the most promising Technology during the forecast period?
  • What are the various application areas of global crop monitoring market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Crop Monitoring Market by Technology

• • Remote Sensing
  • Guidance System
  • Variable Rate Technology

Global Crop Monitoring Market by Solutions

• • Software
  • Hardware
  • Services

Global Crop Monitoring Market by Application

• • Crop Scouting
  • Variable Rate Application
  • Field Mapping
  • Yield Monitoring
  • Soil Monitoring
  • Others

Global Crop Monitoring Market by Region

• • North America Crop Monitoring Market (Option 1: As a part of the free 25% customization)
    • North America Crop Monitoring Market by Technology
    • North America Crop Monitoring Market by Solutions
    • North America Crop Monitoring Market by Application
    • US Crop Monitoring Market All-Up
    • Canada Crop Monitoring Market All-Up
  • Europe Crop Monitoring Market (Option 2: As a part of the free 25% customization)
    • Europe Crop Monitoring Market by Technology
    • Europe Crop Monitoring Market by Solutions
    • Europe Crop Monitoring Market by Application
    • UK Crop Monitoring Market All-Up
    • Germany Crop Monitoring Market All-Up
    • France Crop Monitoring Market All-Up
    • Spain Crop Monitoring Market All-Up
    • Rest of Europe Crop Monitoring Market All-Up
  • Asia-Pacific Crop Monitoring Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Crop Monitoring Market by Technology
    • Asia-Pacific Crop Monitoring Market by Solutions
    • Asia-Pacific Crop Monitoring Market by Application
    • China Crop Monitoring Market All-Up
    • India Crop Monitoring Market All-Up
    • Japan Crop Monitoring Market All-Up
    • Rest of APAC Crop Monitoring Market All-Up
  • RoW Crop Monitoring Market (Option 4: As a part of the free 25% customization)
    • RoW Crop Monitoring Market by Technology
    • RoW Crop Monitoring Market by Solutions
    • RoW Crop Monitoring Market by Application
    • Brazil Crop Monitoring Market All-Up
    • South Africa Crop Monitoring Market All-Up
    • Saudi Arabia Crop Monitoring Market All-Up
    • UAE Crop Monitoring Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Crop Monitoring Market All-Up

Major Players Operating in the Crop Monitoring (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Deere & Company
  • Monsanto company
  • Topcon precision agriculture
  • AGCO Corporation
  • Teejet Technologies Illinois Llc
  • Kasco Manufacturing Co., Inc.
  • Davimac Manufacturing
  • Kubota Corporation
  • Morris Industries Ltd
  • Seedmaster