Crop Monitoring Market Size 2022 Research Report includes CAGR Value, Development Trends, Manufacturers Company are AG Junction Inc., Topcon Precision Agriculture, Monsanto Company, Yara International

Global Crop Monitoring Market to Witness Growth due to Increasing Applications in Agriculture

According to the FAO, global agricultural production could rise by 70 % by 2050 to meet the rising demand for food. Many national and regional plant protection organisations are working to track and control outbreaks of crop diseases, while many countries, especially low-income countries (LICs), do not share information effectively, slowing organised responses to avoid and spread damage. Growing investments in the agricultural technology sector, increasing acceptance of IoT and AI-based crop monitoring products, increasing concerns about enhancing farm productivity and profitability, and increasing knowledge among farmers of the use of remote sensing technology are some of the key drivers in the demand for crop monitoring. One of the driving forces for the growth of the crop monitoring market has been the introduction of IoT and AI related devices for crop monitoring. In addition, the wired world and the capabilities of remote control have resulted in greater usage of these products. Thanks to advances in the field of sensors and their affordability, the use of smart sensors is becoming mainstream in the agricultural sector.

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Major Companies Covered in the report:

1. Deere & Company
2. AGCO Corporation
3. AG Junction Inc.
4. Topcon Precision Agriculture
5. Monsanto Company
6. Yara International
7. The Climate Corporation
8. CropX Technologies
9. Cropio
10. Earth Observing System
11. PrecisionHawk
12. Taranis
13. Surface Optics Corporation
14. Gamaya
15. Senetera
16. American Robotics

Major Influences Driving the Global Crop Monitoring Market:

1. During the forecast period, North America dominates the global crop monitoring devices market due to an increase in the presence of key players across the country, increased awareness and farmers' spending on farm automation.

2. Furthermore, rises in the adoption of precision farming and farm digitalization by farmers for tracking and management across the region would lead to the demand for North American crop monitoring devices during the forecast period.

3. Increased inventories in the APAC aggregate application industry, increased penetration of remote sensing technology and awareness among farmers of remote monitoring and the use of telematics are some of the key factors in the fast growth of the demand for crop monitoring.

The growing adoption of crop monitoring is seen in residential premises. In order to stop invasion and theft, residential properties build access control devices. Electronic lock-based access control devices are gradually accepting these properties. With the rising trend of home automation, the market for electronic goods is increasing. This is a main factor contributing to this market's growth.

Companies Seek to Enter into Alliances to Offer Better Solution

1. Libelium released a new version of its smart agriculture sensor node in June 2018 to boost crop-tracking accuracy.

2. After the purchase of a 75 percent stake in UNIGEO, SGS Investments opened precision agriculture in Brazil in October 2016.

The Crop Monitoring Market report explores global business prospects and evaluates competitive conditions for Crop Monitoring Market size estimation and forecasts, which are determined based on a detailed research to gauge the environment of the crop monitoring market. The demand has been analyzed to offer accurate estimations of the industry size. Crucial factors impelling the growth of the global market and driving its demand have been established to determine potential significance.

Global Crop Monitoring Industry Study Offers:

1. An overview of a thorough analysis of the global crop monitoring market and related technologies

2. Identification of new market opportunities and targeted consumer marketing strategies for the global crop monitoring market

3. Demand for new applications with new technologies and breakdown in the crop monitoring market

4. Exhaustive scope to cover all the possible segments helping every stakeholder in the crop monitoring market
5. Company profiles of significant players in the Crop Monitoring Market

The Crop Monitoring Market study offered by the professionals' offers an extensive market evaluation with established segments such as product type, application, and region. Every component of the different segment of the crop monitoring market along with its sub-segments is deliberated comprehensively based on their market share, growth scenarios, and CAGR. In each market segment, quantitative information and qualitative analysis is offered with detailed information for presenting a complete crop monitoring market outlook.

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This release was published on openPR.