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Crop Monitoring Market: By Component, By Application, By Technology and Geography
Crop Monitoring Market: By Component, By Application, By Technology and Geography
Crop Monitoring Market was valued at US$ 2,537.6 million in 2022, and is poised to grow at a CAGR of 14.8% from 2023-2029. The global market report provides a thorough overview of the Crop monitoring market, which can be segmented by Component, Application, and Technology. Based on the Components, the crop monitoring market is segmented into Hardware, Software/Mobile Applications, and Services. The software segment is expected to witness the highest CAGR forecast period owing to the advancement in software developments in various sectors. Moreover, the applications for crop monitoring are getting updated to include more features which will enhance the demand for featureful software in the existing hardwires. However, the service segment will also observe considerable growth as, according to current trends, the advanced high-end software requires constant management, for which most of the live monitoring software is running on subscription plans either monthly or annually. Additionally, the hardware segment, especially the sensors, can be estimated to observe increased revenue generation as the software need hardware collected data to function properly. Based on applications, the market is segmented into Field Mapping, Crop Scouting, Soil Monitoring, Yield Monitoring, Variable Rate Applications, Weather Monitoring and Forecasting, and Others. Among the different segments in the application field monitoring, soil monitoring, and weather monitoring & forecasting is projected to attest most increase in revenue generation in the foretell period owing to increasing demand for constant monitoring of the soil nutrients status, pH status, water content status, effective weather forecasting, and generalized field monitoring. Based on the technology, the segment has been segregated into Sensing & Imagery and VRT. Both segments have strong potential for growth. Sensing and imagery technology are in demand for effective and accurate soil monitoring and weather forecasting. VRT is growing in popularity as automation in fertilizer and agrochemical applications reduces over-application and erroneous application.
Crop Monitoring Market Key Development:
Study Period
2024-2030Base Year
2023CAGR
14.8%Largest Market
Asia-PacificFastest Growing Market
North-America
The market is expanding quickly due to increased expenditures in agricultural technology and the use of precision farming for field mapping and geo-positioning. Additionally, the market for crop monitoring is expected to grow significantly due to the increasing adoption of the internet of things and artificial intelligence-based farm monitoring systems. Another aspect fueling industry expansion is the escalating concerns about the security and safety of food.
By region, considering that there are numerous agri-tech companies in the region, North America is anticipated to hold the largest market share. The area is at the forefront of technology adoption for the agricultural industry. Additionally, North American nations are taking steps to adopt precision farming technologies in their businesses. another significant factor propelling the development of the crop monitoring market in this region is the rising worries about food security and safety.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 2,537.6 million |
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Market CAGR |
14.8% |
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By Component |
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By Application |
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By Technology |
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By Region |
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For the effective application of geospatial technologies and site-specific crop management techniques, crop monitoring is increasingly important. In many nations, the remote sensing technology is being utilised as a tool to collect data for tracking crop conditions and forecasting acreage and production in order to make policy decisions pertaining to food security. The accuracy level for crop acreage projections using the currently in use remote sensing applications ranged from 70 to 90 percent, depending on the type of crop and how it was distributed throughout the terrain. These applications are still in the experimental stage. There are several characteristics of remote sensing that make it useful for crop health monitoring. Additionally, remote sensing photography provides the necessary spatial picture of the terrain.
Libelium Comunicaciones Distribuidas S.L., John Deere, Agrisource Data, Raven Industries, Inc., AGCO Corporation., Pessl Instruments, CropX inc., Trimble Inc., Yara International ASA, The Climate Corporation, and others
All the crucial elements of agricultural operations are covered by crop monitoring, including soil moisture, water levels, weather conditions, fuel levels, crop health in the field, and temperatures. To deliver crop-specific recommendations, an intelligent sensor automates data gathering and improves in-field observations. Due to their exceptional level of visibility, modern crop monitoring devices are becoming increasingly popular in precision farming. Moreover, use of internet and digitalization have increased like never before which pose an excellent opportunity for new technology development and utilization.
The usage of cutting-edge sensors and the growing acceptance of IoT and AI-based crop monitoring devices are key drivers of the market's expansion. Additionally, the connected environment and the ability for remote monitoring have led to a higher adoption of these devices. Because of advancements in the field of sensors and their accessibility, the usage of smart sensors is spreading throughout the agriculture industry.
| 1. Executive Summary |
| 2. Global Crop Monitoring Market Introduction |
| 2.1. Global Crop Monitoring Market Taxonomy |
| 2.2. Global Crop Monitoring Market Definitions |
| 2.2.1. By Component |
| 2.2.2. By Application |
| 2.2.3. By Technology |
| 2.2.4. By Region |
| 3. Global Crop Monitoring Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Crop Monitoring Market Dynamic Factors - Impact Analysis |
| 3.6. Global Crop Monitoring Market Competition Landscape |
| 4. Global Crop Monitoring Market Analysis,2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis,2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Crop Monitoring Market, By Component, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. Hardware |
| 5.1.1. Intelligent Sensors |
| 5.1.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. Transmitter/Receiver Units |
| 5.1.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.1.3. Consoles and Displays |
| 5.1.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3.3. Market Opportunity Analysis |
| 5.1.4. Others |
| 5.1.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.4.3. Market Opportunity Analysis |
| 5.2. Software/Mobile Applications |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Services |
| 5.3.1. Consulting Services |
| 5.3.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.3.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.1.3. Market Opportunity Analysis |
| 5.3.2. Integration and Deployment Services |
| 5.3.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.3.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.2.3. Market Opportunity Analysis |
| 5.3.3. Support |
| 5.3.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.3.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3.3. Market Opportunity Analysis |
| 6. Global Crop Monitoring Market Forecast, By Application, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1. Field Mapping |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Crop Scouting |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Soil Monitoring |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Yield Monitoring |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Variable Rate Applications |
| 6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Weather Monitoring and Forecasting |
| 6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7. Global Crop Monitoring Market, By Technology, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. Sensing & Imagery |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. VRT |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Crop Monitoring Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Crop Monitoring Market - Opportunity Analysis Index, By Component, Application, Technology, and Region, 2023-2029 |
| 9. North America Crop Monitoring Market Analysis,2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. By Component Analysis 2018-2022 and Forecast 2023-2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Hardware |
| 9.1.1.1. Intelligent Sensors |
| 9.1.1.2. Transmitter/Receiver Units |
| 9.1.1.3. Consoles and Displays |
| 9.1.1.4. Others |
| 9.1.2. Software/Mobile Applications |
| 9.1.3. Services |
| 9.1.3.1. Consulting Services |
| 9.1.3.2. Integration and Deployment Services |
| 9.1.3.3. Support |
| 9.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Field Mapping |
| 9.2.2. Crop Scouting |
| 9.2.3. Soil Monitoring |
| 9.2.4. Yield Monitoring |
| 9.2.5. Variable Rate Applications |
| 9.2.6. Weather Monitoring and Forecasting |
| 9.2.7. Others |
| 9.3. Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Sensing & Imagery |
| 9.3.2. VRT |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Crop Monitoring Market - Opportunity Analysis Index, By Component, Application, Technology, and Country, 2023-2029 |
| 9.6. North America Crop Monitoring Market Dynamics Trends |
| 10. Europe Crop Monitoring Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. By Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Hardware |
| 10.1.1.1. Intelligent Sensors |
| 10.1.1.2. Transmitter/Receiver Units |
| 10.1.1.3. Consoles and Displays |
| 10.1.1.4. Others |
| 10.1.2. Software/Mobile Applications |
| 10.1.3. Services |
| 10.1.3.1. Consulting Services |
| 10.1.3.2. Integration and Deployment Services |
| 10.1.3.3. Support |
| 10.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Field Mapping |
| 10.2.2. Crop Scouting |
| 10.2.3. Soil Monitoring |
| 10.2.4. Yield Monitoring |
| 10.2.5. Variable Rate Applications |
| 10.2.6. Weather Monitoring and Forecasting |
| 10.2.7. Others |
| 10.3. Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Sensing & Imagery |
| 10.3.2. VRT |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Crop Monitoring Market - Opportunity Analysis Index, By Component, Application, Technology, and Country, 2023-2029 |
| 10.6. Europe Crop Monitoring Market Dynamics Trends |
| 11. Asia-Pacific Crop Monitoring Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 11.1. By Component Analysis 2018-2022 and Forecast 2023-2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Hardware |
| 11.1.1.1. Intelligent Sensors |
| 11.1.1.2. Transmitter/Receiver Units |
| 11.1.1.3. Consoles and Displays |
| 11.1.1.4. Others |
| 11.1.2. Software/Mobile Applications |
| 11.1.3. Services |
| 11.1.3.1. Consulting Services |
| 11.1.3.2. Integration and Deployment Services |
| 11.1.3.3. Support |
| 11.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Field Mapping |
| 11.2.2. Crop Scouting |
| 11.2.3. Soil Monitoring |
| 11.2.4. Yield Monitoring |
| 11.2.5. Variable Rate Applications |
| 11.2.6. Weather Monitoring and Forecasting |
| 11.2.7. Others |
| 11.3. Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Sensing & Imagery |
| 11.3.2. VRT |
| 11.4. Country Analysis2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Crop Monitoring Market - Opportunity Analysis Index, By Component, Application, Technology, and Country, 2023-2029 |
| 11.6. Asia-Pacific Crop Monitoring Market Dynamics Trends |
| 12. Latin America Crop Monitoring Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. By Component Analysis 2018-2022 and Forecast 2023-2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Hardware |
| 12.1.1.1. Intelligent Sensors |
| 12.1.1.2. Transmitter/Receiver Units |
| 12.1.1.3. Consoles and Displays |
| 12.1.1.4. Others |
| 12.1.2. Software/Mobile Applications |
| 12.1.3. Services |
| 12.1.3.1. Consulting Services |
| 12.1.3.2. Integration and Deployment Services |
| 12.1.3.3. Support |
| 12.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Field Mapping |
| 12.2.2. Crop Scouting |
| 12.2.3. Soil Monitoring |
| 12.2.4. Yield Monitoring |
| 12.2.5. Variable Rate Applications |
| 12.2.6. Weather Monitoring and Forecasting |
| 12.2.7. Others |
| 12.3. Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Sensing & Imagery |
| 12.3.2. VRT |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Crop Monitoring Market - Opportunity Analysis Index, By Component, Application, Technology, and Country, 2023-2029 |
| 12.6. Latin America Crop Monitoring Market Dynamics Trends |
| 13. Middle East and Africa Crop Monitoring Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 13.1. By Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Hardware |
| 13.1.1.1. Intelligent Sensors |
| 13.1.1.2. Transmitter/Receiver Units |
| 13.1.1.3. Consoles and Displays |
| 13.1.1.4. Others |
| 13.1.2. Software/Mobile Applications |
| 13.1.3. Services |
| 13.1.3.1. Consulting Services |
| 13.1.3.2. Integration and Deployment Services |
| 13.1.3.3. Support |
| 13.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Field Mapping |
| 13.2.2. Crop Scouting |
| 13.2.3. Soil Monitoring |
| 13.2.4. Yield Monitoring |
| 13.2.5. Variable Rate Applications |
| 13.2.6. Weather Monitoring and Forecasting |
| 13.2.7. Others |
| 13.3. Technology Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Sensing & Imagery |
| 13.3.2. VRT |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Crop Monitoring Market - Opportunity Analysis Index, By Component, Application, Technology, and Country, 2023-2029 |
| 13.6. MEA Crop Monitoring Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Application& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. AGCO Corporation |
| 14.2.2. AgLeader |
| 14.2.3. Cropio |
| 14.2.4. CropX Technologies |
| 14.2.5. Earth Observing System |
| 14.2.6. PrecisionHawk |
| 14.2.7. Raven Industries, Inc. |
| 14.2.8. Taranis |
| 14.2.9. The Climate Corporation |
| 14.2.10. Topcon Corporation |
| 14.2.11. Trimble |
| 14.2.12. Yara International |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.