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Leading Growth Driver in the Smart Crop Monitoring Market in 2025: Rising Food Demand Fuels Growth Of Smart Crop Monitoring Market Driver's Influence
Smart Crop MonitoringMarket Size
The future demand for food is projected to stimulate the expansion of the smart crop monitoring market. The call for food is escalating due to the growing worldwide populace and increasing incomes, resulting in an elevated intake of assorted food products. Smart crop monitoring, utilized in food production, boosts efficiency by providing real-time data on crop health, soil conditions, weather patterns, and resource consumption. This enables farmers to make well-informed decisions regarding irrigation, fertilization, and pest control, inevitably optimizing yields, cutting down resource wastage, and uplifting the quality of food produced. For example, a report released by the United States Department of Agriculture in April 2024 showed that agriculture, food, and corresponding industries added about $1.530 trillion to the U.S. gross domestic product (GDP) in 2023, making up approximately 5.6% of the total. Out of this sum, U.S. farms contributed $203.5 billion, or roughly 0.7% of GDP. As a result, the ensuing demand for food is fueling the growth of the smart crop monitoring market.
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What is the projected compound annual growth rate (CAGR) of the smart crop monitoring market from 2025 to 2034, and what factors influence it?
In recent years, the market size of smart crop monitoring has seen swift expansion. From $3.47 billion in 2024, it will witness growth to $4.1 billion in 2025, with a compound annual growth rate (CAGR) of 18.4%. The surge during the historical period is due to the growing need for higher crop yield, an expanding global population, significant advancements in IOT technology, an escalating demand for sustainable farming practices, and increased regulatory constraints.
The market size of smart crop monitoring is predicted to experience a rapid expansion in the upcoming years, slated to reach a value of $7.97 billion by 2029, fueled by a compound annual growth rate (CAGR) of 18.1%. The forecasted growth can be attributed to the evolution of automated irrigation systems, increasing popularity of farm-to-table movements, a surge in agricultural synergies and collaborations, a heightened emphasis on minimizing waste in the supply chain, and a considerable improvement in real-time weather prediction systems. Key trends anticipated during the forecast period comprise technological progression, managed environment farming, regenerative agriculture practices, surveillances linked to soil condition, along with connectivity technologies.
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How are the latest trends influencing the growth of the smart crop monitoring market?
Major players in the intelligent crop monitoring market are capitalizing on technological innovations like AI-integrated sensing technologies to maintain an edge over competitors. This blend of AI and advanced sensors provides the ability to recognize, scrutinize, and comprehend real-time data from the ecological surrounding. In a notable example, GeoPard Agriculture, based in Germany, announced an advanced analytics platform specialized for farmers and dealers using John Deere tech in April 2023. The platform comes with various features that include field mapping, variable rate application maps, scouting features, and data merging potentials. It's designed to assist farmers in enhancing their operations and deploying data-backed choices for better productivity and profits. Additionally, GeoPard's analytic site enhances the myjohndeere operations center by incorporating yield, soil, topography, and satellite image analytics, offering users a complete view of their agricultural practices.
What are the major segments of the smart crop monitoring market and their role in driving growth?
The smart crop monitoring market covered in this report is segmented -
1) By Type: Hardware; Software; Services
2) By Technology: Sensing And Imagery; Variable-Rate Technology (VRT); Guidance Technology; Automation And Robotics
3) By Applications: Soil Monitoring; Weather Forecasting; Yield Monitoring; Crop Protection; Other Applications
Subsegments:
1) By Hardware: Sensors; Drones And UAVs (Unmanned Aerial Vehicles); IoT Devices For Agriculture; Cameras And Imaging Systems
2) By Software: Crop Management Software; Data Analytics and Visualization Tools; Mobile Applications for Field Monitoring; Remote Sensing Software
3) By Services: Consulting and Advisory Services; Data Collection and Analysis Services; Training And Support Services; Customization And Integration Services
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Which regions are key players in the growth of the smart crop monitoring market?
North America was the largest region in the smart crop monitoring market in 2024. The regions covered in the smart crop monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the smart crop monitoring market?
Major companies operating in the smart crop monitoring market are Microsoft Corporation, Robert Bosch GmbH, Airbus SE, International Business Machines Corporation, Deere & Company, Yara International, CNH Industrial N.V., KUBOTA Corporation, AGCO Corporation, CLAAS Group, Trimble Inc., SZ DJI Technology Co. Ltd., Raven Industries Inc., Climate LLC, Solinftec, Semios, Taranis, Prospera Technologies, AGRIVI, S4 AgTech, Small Robot Company
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What Is Covered In The Smart Crop Monitoring Global Market Report?
•Market Size Forecast: Examine the smart crop monitoring market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart crop monitoring market for a structured understanding.
•Key Players Overview: Analyze major players in the smart crop monitoring market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart crop monitoring market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart crop monitoring market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart crop monitoring market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart crop monitoring market.
•Competitive Landscape: Review strategic developments in the smart crop monitoring market, including expansions, agreements, and new product launches.
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