Crop Monitoring Market

Global Crop Monitoring Market Size (2024 to 2029)

The global crop monitoring market size is expected to reach 3.73 billion in 2024 and reach USD 7.03 billion by 2029, growing at a CAGR of 13.5% from 2024 and 2029.

The crop monitoring means the regular and careful inspection of the crops throughout the growing season. During crop monitoring, a farmer walks through the farm in order to monitor problems related to the crops, but with advanced and digitalized agriculture, there are various technologies through which farmers can monitor their crops and solve problems to be solved in real time. The crop monitoring technology helps farmers monitor and manage multiple fields with less cost, reduces labor costs, and makes reliable decisions.  As the crops ripen, they are prone to various diseases, pest infestations, and environmental conditions that can cause harm to the crops. By using crop monitoring technologies, growers can collect data about the state of the crop, such as temperature, humidity, and health indicators, and take correct measures on time. Corp monitoring solutions are available using different technologies such as Sensing & Imagery, VRT, and Automation & Robotics. Owing to the several benefits of crop monitoring technologies in agriculture, it is driving the growth of the global crop monitoring market during the projected period between 2024 and 2029.

MARKET DRIVERS

The driving force of the crop monitoring market is the increasing adoption of digitalized solutions in order to increase crop productivity as well as crop protection from pests. The rising awareness regarding benefits of the crop monitoring solutions is driving the growth of this market in developing countries.

The increasing adoption of IoT and Artificial Intelligence devices for crop monitoring is one of the key driving factors for the growth of this market. Also, the miniaturization and improved accuracy of the global navigation satellite system make possible for wide-scale adoption of the precision farming technologies for geo-positioning as well as field mapping.

Additionally, the rising concern over food and security for the growing population is another factor driving the growth of the market, and also the increasing investment by the governments of several nations towards the digitalization of agriculture propels the growth of the market. Moreover, the increasing number of advanced technological solutions, such as drones, automation, and robotics, etc, for crop monitoring & scouting, field mapping, etc, is expected to fuel the growth of the crop monitoring market in the forecast period between 2024 and 2029.  

MARKET RESTRAINTS

The low penetration of advanced agricultural technologies in the developing countries is hampering the growth of the market. Several barriers are present in developing countries related to the adoption of the advanced technologies such as unskilled farmers, a less techno savvy and family owned farming model as well as low awareness of advanced agriculture among farmers is restraining the growth of the market.

Covid-19 Impact On Global Crop Monitoring Market

COVID-19 has impacted the crop monitoring market for a short period, particularly in the initial phase of the COVID due to lockdowns around the world. The strict lockdown was imposed, which has led to a partial or complete shutdown of the industries, which in turn disrupted the supply chains and the manufacturing of the crop monitoring solution. New projects have stalled throughout the world, which, in turn, has led to a decline in demand for crop monitoring solutions. However, with the recovery activities of the industries, the demand for crop monitoring solutions will increase as the agricultural sector has struggled a lot due to the labor crisis. Therefore, the demand for automation & robotics crop monitoring solutions will increase, which will drive the growth of the market in the projected period.

REPORT COVERAGE

SEGMENT ANALYSIS 

Global Crop Monitoring Market Analysis By Offering

Based on offerings, the global crop monitoring market is segmented into Hardware, Software, and Services. The hardware segment is estimated to most rapidly increasing segment of this market. Farmers are adopting hardware devices for soil moisture sensor, climate sensors, and yield monitor sensors in order to increase agricultural productivity and reduce operational cost. The Hardware solutions can be easily withstood in harsh environmental conditions.

Global Crop Monitoring Market Analysis By Technology

Based on Technology, the global crop monitoring market is segmented into Sensing & Imagery, VRT, and Automation & Robotics. The sensing and imagery segment is dominating the crop monitoring market due to the huge adoption of remote sensing technology by farmers to monitor their farms remotely. Automation & robotics are expected to dominate the market in the forecast period between 2022 and 2025 due to the increasing labor crisis in several countries, and it provides efficient monitoring in real-time.

Global Crop Monitoring Market Analysis By Application

Based on Application, the global crop monitoring market is segmented into Field Mapping, Soil Monitoring, and Crop Scouting. The crop scouting and monitoring segment is going to boost the market growth in the projected period due to increasing need to detect pests and other diseases as early as possible and implement an effective treatment to the crop in right time. Furthermore, farmers' growing demand for precision farming using satellite images, drones, GPS, and other remote sensing technologies is supporting the market's rise in the near future.

Global Crop Monitoring Market Analysis By Farm Size

Based on farm Size, the global crop monitoring market is segmented into Small, Medium, and Large. Medium size farms are expected to hold the largest market share in the crop monitoring market during the forecast period due to the presence of a large number of medium-sized farms for agriculture across the globe, as well as accounts for a significant earned by the implementation of various technologies such as Remote Sensing, Automation & Robotics and VRT. However, countries like China, India, and several Southeast Asian countries are investing significant amounts to digitalize the agriculture sector in small farms. In Addition to this, the presence of various companies has started resulting in a demand for advanced agriculture technology in small farms, which is fueling the growth of small farms in the forecast period.

REGIONAL ANALYSIS

North America holds the largest share of the crop monitoring market and will sustain its position in the projected period due to huge dependency on the agriculture sector, and the governments of various countries in this region are focusing on the adoption of a large number of precision farming technologies in order to yield quality crops. Moreover, in the United States, the presence of key agencies such as NAS, NOAA, and the US Department of Agriculture are putting their attempts to uplift large-scale agriculture. These agencies aim to improve farmers' profitability and reduce environmental concerns that are caused by various applications of chemicals by using advanced technologies, which drive the demand for crop monitoring technologies in the market.

Asia-Pacific is expected to witness the fastest-growing crop monitoring market in the forecast period due to significant investment in agricultural technology development. The government in this region has increased its focus and is supporting the digitalization of agriculture in order to yield good crops. In addition, the increased use of IoT in agriculture for weather condition monitoring is validating the significant growth in the Asia-Pacific region in the forecast period.

Europe is likely to hold significant share in project period due to favorable governmental support and agricultural policies in this region. The increasing adoption of advanced technologies such as AI, IoT and data analytics in agriculture is driving the growth of the market.

LEADING COMPANY

Deere and Company had the largest share of the world’s crop monitoring market in terms of sales revenue in 2020.

KEY PLAYERS IN THE GLOBAL CROP MONITORING MARKET

Topcon Corporation (Japan), Deere & Company, Monsanto Company, AG Junction, AGCO Corporation, Trimble (US), The Climate Corporation (US), Yara International (Norway), CropX Technologies (Israel), Earth Observing System. These are the market players that are dominating the global crop monitoring market.

RECENT DEVELOPMENTS IN THE GLOBAL CROP MONITORING MARKET

• Topcon Agriculture announced the release of new annual guidance and auto steering receivers called "AGM-1" and "AGS-2" in April 2021, which are part of a new Topnet Live cellular, satellite, and bridging connection service that includes Realpoint, Starpoint, and Skybridge. This technology is used for machine operations and all associated tasks where when tracking location data is applicable to crop optimization, which includes soil preparation, seeding, crop care, and harvesting.
• CropX Inc. (a major global soil sensing and agricultural analytics company) announced the acquisition of Crop Metrics (a leading provider of cloud-based precision irrigation technologies) in Nebraska in January 2020. The partners and customers can now have access to an unmatched combination of soil data, advanced farm management analytics, and decision support tools.

DETAILED SEGMENTATION OF THR GLOBAL CROP MONITORING MARKET INCLUDED IN THIS REPORT

This market research report on the global crop monitoring market has been segmented and sub-segmented based on offering, technology, application, farm size, and region.

By Offering

• Hardware
• Software
• Services

By Technology

• Sensing & Imagery
• VRT
• Automation & Robotics

By Application

• Field Mapping
• Soil Monitoring
• Crop Scouting

By Farm Size

• Small
• Medium
• Large

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Rest of North America