Smart Crop Monitoring Market Size, Share, Outlook, Industry Analysis, and Prospect 2024-2031 | Trimble Inc., Deere & Company., KUBOTA Corporation.

DataM Intelligence has released a new research report on the Smart Crop Monitoring market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

Global Smart Crop Monitoring Market reached US$ 2.91 billion in 2023 and is expected to reach US$ 10.30 billion by 2031, growing with a CAGR of 17.12% during the forecast period 2024-2031.

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The smart crop monitoring market focuses on the use of advanced technologies to enhance agricultural productivity and efficiency. By integrating tools such as IoT sensors, drones, satellite imaging, and artificial intelligence, farmers can monitor crop health, soil conditions, and environmental factors in real time. This market is essential for optimizing resource use, increasing yields, and promoting sustainable farming practices.

List of the Key Players in the Smart Crop Monitoring Market:

Trimble Inc., Deere & Company., KUBOTA Corporation., Semios., AGCO Corporation., Raven Industries, Inc., Valmont Industries, Inc., BASF SE., Hunan Rika Electronic Tech Co., Ltd, and Bayer AG.

Key Developments:

In January 2023, CropX Technologies, a leader in digital solutions for agronomic farm management, acquired Tule Technologies, a California-based precision irrigation company. This acquisition enhances CropX's data capture technologies within its Agronomic Farm Management System and strengthens its presence in the California market for drip-irrigated specialty crops.

In November 2021, Sentera, an agricultural insights company, acquired Insight Sensing. This acquisition allows Sentera to further its mission of delivering timely, accurate, affordable, and actionable insights while enhancing its capabilities and partnerships in the agricultural sector.

In August 2021, CropX acquired Dacom Farm Intelligence, marking its expansion into the European market. This acquisition consolidates agriculture digital twin capabilities and significantly increases CropX's team and service area, adding over 20,000 new farms across more than 50 countries.

Research Process:

Both primary and secondary data sources have been used in the global Smart Crop Monitoring Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Smart Crop Monitoring Market:

By Component: Hardware, Software, Services.

By Technology: Guidance Technology, Remote Sensing Technology, Variable Rate Technology, Automation Robotics, Others.

By Product: Sensor Technology, Drones, Robots, Handheld Devices, Software and Mobile Applications, Others.

By Farm Type: Small, Medium, Large.

By Application: Soli Monitoring, Yield Monitoring, Disease Detection & Pest Detection, Irrigation Monitoring, Nutrition Management, Weed Management, Crop Insurance, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Smart Crop Monitoring market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Smart Crop Monitoring Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Smart Crop Monitoring market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Smart Crop Monitoring Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Smart Crop Monitoring market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Smart Crop Monitoring market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Smart Crop Monitoring market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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