Global Crop Monitoring Market Overview
Crop Monitoring Market Size was estimated at 6.25(USD Billion) in 2023. The Crop Monitoring Market Industry is expected to grow from 3.87(USD Billion) in 2024 to 12.0(USD Billion) by 2032. The Crop Monitoring Market CAGR (growth rate) is expected to be around 15.20% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Crop Monitoring Market Trends Highlighted
Key Market Drivers Precision agriculture, increasing population, rising demand for food security and advancements in remote sensing and data analytics are driving the growth of the crop monitoring market. Government initiatives to promote sustainable farming practices and reduce environmental impact also contribute to market expansion.
Opportunities to be Explored or Captured integration of artificial intelligence (AI) and machine learning (ML) algorithms in crop monitoring systems presents significant opportunities. These technologies enhance data analysis and interpretation, enabling farmers to make informed decisions on crop management. Adoption of drones and satellite imagery provides real-time and high-resolution data, offering valuable insights. Exploring partnerships with technology providers and data analytics companies can unlock new revenue streams.
Trends in Recent Times Recent trends include increasing adoption of cloud-based crop monitoring platforms providing farmers with accessibility and scalability. Remote sensing technology advancements have led to enhanced accuracy and efficiency in crop yield estimation. The integration of IoT devices enables real-time monitoring of soil moisture, temperature and other vital parameters, allowing farmers to optimize irrigation and crop health management.
Crop Monitoring Market Drivers
Increasing demand for food security
The world's population is growing really rapidly, and this means that the number of people and consumers, as well as the demand for food, is also increasing. Farmers should be able to produce more food. Furthermore, they have to do it in a sustainable way. Crop monitoring will help them to do this. Moreover, it will provide farmers with a wide range of information on the situation when they can get a hint about the health of their crops, the conditions in the atmosphere, and the market prices.
This will not harm farmers but will only be good for them. In addition, they will receive more opportunities to carry out monitoring in the proper way and avoid losses. Undoubtedly, as more people are in the world, there will be more market demand for crop monitoring. This is one of the most significant market drivers for the Crop Monitoring Market Industry.
Advances in technology
Technological advancements are one of the major drivers of the growth of the Crop Monitoring Market Industry. Technology allows for more detailed and precise data to be collected and analyzed about crops. This data may be used to create even better models and provide farmers with even more information that they can use to make better decisions about how to manage their crops. In the future, it is expected that technology will continue to advance, and the crop monitoring industry will continue to grow.
Government regulations
Government regulations also impact the growth of the Crop Monitoring Market Industry. Most of the country's governments are making the farmers follow the regularities or adopt Sustainable Farming practices since crop monitoring provides information on the environmental impact of different farming methods and helps farmers fulfill these requirements. There is a need for crop monitoring with an increase in regulations by the various governments on protecting the environment.
Crop Monitoring Market Segment Insights
Crop Monitoring Market Monitoring Technology Insights
Projected to exhibit significant growth, the Monitoring Technology segment of the Crop Monitoring Market is fueled by the widespread adoption of cutting-edge technologies for the purpose of precision farming. Namely, the key Monitoring Technologies used in crop monitoring are as follows on one hand, Remote Sensing – involving satellite imagery and aerial photography, delivers detailed information about crop health, yield estimation, and stress detection, which is omitted by other types of monitoring techniques. The Remote Sensing segment has already accounted for a huge share of the Crop Monitoring Market Revenue, and it is expected to be systematically adopted on a wide scale for the CAGR growth of 9.2% from 2023 to 2032.
As for the other segments, Ground Sensors – based in fields for the delivery of real-time information on soil moisture, temperature, and nutrients, are slated to exhibit gradual growth within the market, reaching a total value of USD 1.8 billion by 2032. On the other hand, Weather Stations, which are used to monitor weather conditions and thus efficiently plan the irrigation and protection of crops are expected to undergo a rapid increase, particularly due to the elevated interest in accurate weather forecasting as a necessary condition for the advancement of agriculture.
Finally, UAVs and Drones, which ensure the aerial monitoring of crops for the direct oversight of vast farmlands, are also predicted to undergo rapid development, reaching a total value of USD 2.5 billion by 2032. Overall, the Monitoring Technology segment ensures the growth of the Crop Monitoring Market by fostering the adoption of cutting-edge monitoring technologies. On the one hand, the technologies provide farmers with clear insights into their crops. On the other hand, the given insights are data-driven and thus allow for the precise and informed planning of crops.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Crop Monitoring Market Type of Crop Insights
The Crop Monitoring Market by Type of Crop into Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, and Cash Crops – Growth, Trends, COVID-19 Impact, and Forecasts 2024-2032 report has been added to researchandmarkets.com's offering. The Crop Monitoring Market was estimated at 2.45 million hectares in 2021, and the market is expected to register a CAGR of 12.4% during the forecast period. Cereals and grains have the largest share of the market by type of crop, with over 40% of revenues. It is estimated that the demand for cereals and grains will increase over the next few years as the population grows and the consumption of processed foods increases.
Fruits and vegetables are second, with over 30% of the market share. The trend of consuming fruits and vegetables is increasing due to the increasing emphasis on the nutrients derived from plants. Oilseeds and pulses are expected to register the highest CAGR of more than 8% due to the demand for vegetable oils and plant proteins. Cash crops such as cotton and sugarcane are likely to witness steady growth in the coming years, supported by the increasing demand for textiles and biofuel.
Crop Monitoring Market Application Insights
The application segment plays a crucial role in shaping the Crop Monitoring Market. Yield Estimation, Pest and Disease Detection, Water Management and Fertilization Management are the key applications that drive the market growth. In 2023, the Yield Estimation segment held the largest market share due to its wide adoption in precision farming practices. The segment enables farmers to optimize crop yields by providing accurate estimates of crop production. The Pest and Disease Detection segment is expected to witness significant growth over the forecast period owing to the increasing need for early detection and management of crop diseases.
Water Management applications are gaining traction as farmers seek to optimize water usage and reduce costs. Fertilization Management applications help farmers determine the optimal timing and dosage of fertilizers, leading to increased crop productivity and reduced environmental impact. The Crop Monitoring Market is expected to continue its growth trajectory, driven by the adoption of advanced technologies like AI and IoT and the growing emphasis on sustainable agriculture practices.
Crop Monitoring Market Data Type Insights
Climate data is a key component of crop monitoring, as it can provide insights into the impact of weather on crop yields and help farmers make informed decisions about irrigation, planting, and harvesting. Soil data is also important, as it can provide information about the nutrient content of the soil and help farmers determine which crops are best suited to their land. Water data is another important factor, as it can provide information about the availability of water for irrigation and help farmers plan their irrigation schedules. Crop imagery can be used to monitor the health of crops and identify areas that are under stress.
The Crop Monitoring Market is segmented by data type into climate data, soil data, water data, and crop imagery. The soil data segment is expected to be the second largest segment in 2023 and is projected to grow at a CAGR of 8.3% from 2023 to 2032. The water data segment is expected to be the third largest segment in 2023 and is projected to grow at a CAGR of 8.1% from 2023 to 2032. The crop imagery segment is expected to be the smallest segment in 2023 but is projected to grow at the fastest CAGR of 8.7% from 2023 to 2032.
Crop Monitoring Market Deployment Model Insights
The Crop Monitoring Market is segmented by deployment model into cloud-based, on-premise, and hybrid. Among these, the cloud-based segment is expected to hold the largest market share over the forecast period. Cloud-based crop monitoring solutions offer several advantages over on-premise and hybrid models, such as scalability, cost-effectiveness, and ease of deployment. The cloud-based deployment model eliminates the need for organizations to invest in hardware, software, and IT infrastructure, making it an attractive option for small and medium-sized businesses.
Furthermore, the increasing adoption of cloud computing services in the agriculture industry is driving the growth of the cloud-based crop monitoring segment. The on-premise segment is expected to account for a significant market share, as some organizations prefer to have complete control over their data and IT infrastructure. However, the hybrid deployment model is gaining traction, as it offers a balance between the benefits of both cloud-based and on-premise deployments. The hybrid model allows organizations to deploy their crop monitoring solution on-premise while leveraging cloud services for data storage and processing.
Crop Monitoring Market Regional Insights
The regional segmentation of the Crop Monitoring Market offers valuable insights into the market's geographical distribution and growth dynamics. North America held the largest market share in 2023, accounting for approximately 35% of the revenue. This dominance is attributed to the region's advanced agricultural practices, high adoption of technology, and favorable government policies. Europe follows closely behind, with a market share of around 28%, driven by the presence of major players in the crop monitoring industry and a strong focus on sustainable agriculture.
APAC is expected to witness significant growth over the forecast period, with a projected CAGR of 9.2% from 2023 to 2032. This growth is fueled by the increasing demand for crop monitoring solutions in emerging economies such as China and India, where agriculture plays a vital role in the economy. South America and MEA are also expected to contribute to the market growth, albeit at a slightly slower pace. The adoption of precision farming techniques and the need for improved crop management practices are driving growth in these regions.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Crop Monitoring Market Key Players And Competitive Insights
The Crop Monitoring Market competitive landscape provides details of a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on a crop monitoring market.
Major players covered in the crop monitoring market report are Deere Company, Trimble Inc., AGCO Corporation, AgJunction, Raven Industries, Delaval, AG Leader Technology, PrecisionHawk, SST Development Group, and Topcon Positioning Systems. The other players in the market are CropX, DICKEY-John, Fairport, GEA Group, Geosys, Greenseeker, Pessl Instruments, Pulverize, TMC, Trimble, Virtus Nutrition, and Platfarm. Market share data is available for , North America, Europe, Asia, Middle East, Africa, and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Deere Company operates through agriculture and turf, construction and forestry, and finance. The agriculture and turf segment produces farming and harvesting equipment, as well as turf and utility equipment, which covers tractors, planting and seeding, tillage, sprayers, and other grounds maintenance equipment. The products in the construction and forestry segments include dozers and loaders, balers, loggers’ loadings, sprayers, and other equipment used in construction works and forestry. The company offers various products and services, such as John Deere's operations center. The company also invests in the artificial intelligence and machine learning field to provide advanced and enhanced solutions for agriculture practices.
Trimble Inc. is engaged in the business of automatic identification systems, cameras, GNSS, controllers, software, and applications. The business segments include buildings and infrastructure, resources and utilities, and transportation. The product offered by the company includes crop data such as crop growth, crop yield potential, and weather forecast data.
AGCO Corporation operates through agriculture and distribution. The agricultural segment offers farming equipment and is engaged in the provision of farming solutions. The company also offers products, including AGCO's fuse technologies. The major players in the crop monitoring market are driving the market by providing sustainable and efficient agriculture solutions. The companies ensure that they invest and provide customers with advanced solutions through research and development and partnerships, as well as the acquisition of both vital and growing players in the market.
Key Companies in the Crop Monitoring Market Include
Crop Monitoring Market Industry Developments
The Crop Monitoring Market is projected to reach a valuation of USD 13.1 billion by 2032, expanding at a CAGR of 8.57% from 2024 to 2032. Increasing demand for precision farming technologies and government initiatives promoting sustainable agriculture practices are major growth drivers. Recent developments include partnerships between crop monitoring solution providers and agricultural technology companies to offer integrated solutions. For instance, in 2023, Trimble and Ceres Imaging announced a collaboration to combine Trimble's farm management software with Ceres Imaging's crop monitoring platform. Furthermore, the integration of artificial intelligence and machine learning into crop monitoring systems is enhancing data analysis capabilities, providing farmers with actionable insights to optimize crop yields.
Crop Monitoring Market Segmentation Insights
-
Crop Monitoring Market Monitoring Technology Outlook
- Remote Sensing
- Ground Sensors
- Weather Stations
- UAVs and Drones
-
Crop Monitoring Market Type of Crop Outlook
-
- Cereals and Grains
- Fruits and Vegetables
- Oilseeds and Pulses
- Cash Crops
-
Crop Monitoring Market Application Outlook
- Yield Estimation
- Pest and Disease Detection
- Water Management
- Fertilization Management
-
Crop Monitoring Market Data Type Outlook
-
- Climate Data
- Soil Data
- Water Data
- Crop Imagery
-
Crop Monitoring Market Deployment Model Outlook
- Cloud-Based
- On-Premise
- Hybrid
-
Crop Monitoring Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2023 |
6.25(USD Billion) |
| Market Size 2024 |
3.87(USD Billion) |
| Market Size 2032 |
12.02(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
15.20% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Arable Labs, Inc., Ag Leader Technology, Redline Detection, Raven Industries, Inc., Maxar Technologies, Airbus, Planet Labs, Topcon Positioning Systems, Inc., Deere Company, PrecisionHawk, Inc., Trimble Inc., Blackshark.ai, Hexagon AB, Apis Agritech, Inc, CropX |
| Segments Covered |
Monitoring Technology, Type of Crop, Application, Data Type, Deployment Model, Regional |
| Key Market Opportunities |
Smart farming integration Predictive analytics Precision agriculture Hyperspectral imaging Drones and aerial imagery |
| Key Market Dynamics |
1 Growing Adoption of Precision Farming2 Advancements in Remote Sensing Technologies3 Increasing Government Support for Agriculture4 Demand for Enhanced Yield Optimization5 Surge in Data Analytics for Crop Assessment |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Crop Monitoring Market is expected to reach an overall valuation of 3.87 billion USD in 2024, showcasing a promising growth trajectory.
The Crop Monitoring Market is anticipated to expand at a steady CAGR of 15.20% from 2024 to 2032, indicating a significant increase in market size over the forecast period.
North America is expected to maintain its dominance in the Crop Monitoring Market, driven by factors such as the presence of advanced agricultural practices and a supportive regulatory landscape.
Crop monitoring systems find widespread applications in the agricultural industry, including yield estimation, crop health assessment, irrigation management, and precision agriculture practices, enabling farmers to make informed decisions.
Key players in the Crop Monitoring Market include Trimble, Deere Company, AGCO Corporation, Topcon Positioning Systems, and Hexagon AB, among others. These companies offer a range of crop monitoring solutions, including hardware, software, and data analytics services.
The growth of the Crop Monitoring Market is primarily driven by factors such as increasing demand for food production, rising adoption of precision agriculture practices, government initiatives promoting sustainable agriculture, and advancements in remote sensing and data analytics technologies.
The Crop Monitoring Market faces challenges such as data security concerns, high implementation costs, and the need for skilled professionals to interpret and analyze data effectively.
The Crop Monitoring Market is expected to witness continued growth in the coming years, driven by advancements in artificial intelligence, machine learning, and the Internet of Things (IoT), leading to the development of more sophisticated and integrated crop monitoring solutions.
New entrants in the Crop Monitoring Market can find opportunities to develop niche solutions tailored to specific crop types or regional needs, leveraging partnerships with agricultural organizations and focusing on providing value-added services such as data analytics and decision support tools.
Key trends shaping the Crop Monitoring Market include the integration of artificial intelligence and machine learning algorithms, the adoption of cloud-based platforms, the increasing use of drones and satellite imagery, and the growing emphasis on data-driven decision-making in agriculture.
