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Crop Monitoring Devices Industry Is Expected To Reach $4.24 Billion By 2031 - Deere & Company, AGCO Corporation, Raven Industries, Inc
Crop Monitoring Devices Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Crop Monitoring Devices market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Crop Monitoring Devices Market reached US$ 2.56 billion in 2022 and is expected to reach US$ 4.24 billion by 2031, growing with a CAGR of 6.5% during the forecast period 2024-2031.
What is Crop Monitoring Devices Market?
Crop Monitoring Devices are technologies used in agriculture to monitor and track the growth, health, and conditions of crops in real-time. These devices include sensors, drones, satellite imaging, and other tools that collect data on factors like soil moisture, temperature, humidity, crop diseases, and nutrient levels. The information gathered helps farmers make informed decisions regarding irrigation, fertilization, pest control, and harvesting, ultimately improving crop yields and reducing resource wastage. Crop monitoring devices are essential in precision farming, enabling farmers to optimize their operations, enhance productivity, and promote sustainable farming practices.
Growth Driver
The growing demand for precision agriculture is anticipated to fuel substantial growth in the global crop monitoring devices market. Precision agriculture leverages advanced technologies like GPS, sensors, drones, and satellite imagery to enhance farming practices and optimize crop yields. These tools allow farmers to monitor crop health, soil conditions, and environmental factors with exceptional accuracy and efficiency.
Key Players:
Profiles of some of the major players in the global Crop Monitoring Devices market, which include:
Deere & Company, AGCO Corporation, Raven Industries, Inc., Taranis, Agrisource Data, Dicke-John Corporation, Pessl Instruments, Mouser Electronics, Inc., Topcon, and AgJunction LLC.
Industry Development:
On June 8, 2023, PepsiCo India, a leading FMCG company, joined forces with Cropin, an agriculture cloud company, to launch a crop intelligence platform focused on monitoring potato yields. The platform offers mobile app-compatible dashboards, providing farmers with intuitive tools to effectively track and manage their crops.
On October 5, 2023, Arya.ag, India's largest and only profitable grain commerce platform, partnered with Crystal Crop Protection Limited, a leader in innovative crop protection, seeds, and farming solutions. This collaboration introduces a nationwide crop monitoring initiative, utilizing Arya.ag's advanced satellite-based crop monitoring tool, "Prakshep
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Crop Monitoring Devices market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Product Type: Software & Hardware, Accessories, Displays, Receivers, Sensors, Others
By Application: Weather Forecasting, Crop Management, Labour Management, Financial Management, Others
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
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