Press release
Internet Of Things (IOT) Device Adoption Fuels Growth In Crop Monitoring Market: A Key Driver Powering Crop Monitoring Market Growth In 2025
Crop Monitoring
What Is the Current Crop Monitoring Market Size and Its Estimated Growth Rate?
The past few years have seen rapid expansion in the size of the crop monitoring market. The market, which was valued at $3.3 billion in 2024, is expected to climb to $3.83 billion in 2025, with a compound annual growth rate (CAGR) of 16.1%. This historic period of growth can be linked to issues such as food security, environmental challenges, government policies, as well as advances in data analytics and artificial intelligence.
It is predicted that the crop monitoring market will experience a significant increase in size in the coming years. Its valuation is projected to reach $7 billion in 2029, with a compound annual growth rate (CAGR) of 16.3%. The expected growth during the forecast period can be ascribed to factors such as the embrace of precision agriculture, climate change countermeasures, and the rising interest in organic farming. The key trends that will be observed during the forecast period encompass market broadening, conjunction with IoT and big data, partnerships and strategic collaborations, the implementation of artificial intelligence and machine learning, as well as farm-to-table traceability.
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How Are Emerging Segments Shaping the Crop Monitoring Market Landscape?
The crop monitoring market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Farm Type: Small Sized Farms, Medium Sized Farms, Large Sized Farms
3) By Technology: Variable Rate Technology, Sensing And Imagery, Automation And Robotics
4) By Application: Field Mapping, Crop Scouting And Monitoring, Soil Monitoring, Yield Mapping And Monitoring, Variable Rate Application, Weather Tracking And Forecasting, Other Applications
Subsegments:
1) By Hardware: Sensors, Drones, IoT Devices, Imaging Systems
2) By Software: Data Analytics Software, Farm Management Software, Decision Support Systems, Mobile Applications
3) By Services: Consulting Services, Data Management Services, Training And Support Services, Customization Services
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Which Growth Factors Are Influencing Crop Monitoring Market Expansion?
The growth of the crop monitoring market is projected to be fueled by the rising use of Internet of Things (IoT) devices. These IoT devices are physical entities embedded with sensors, software, and the ability to connect and exchange data online. They are utilized in crop monitoring as a transformative method that harnesses technology to improve agricultural practices and crop management. This allows farmers to make educated decisions, optimize resources utilization, and boost crop output. For example, the CRO Forum, a Netherlands-based group of risk managers for high-level discussions, published a report on IoT risk from an insurance standpoint in April 2022. It projected that there will be 24.1 billion IoT devices by 2030. Similarly, Exploding Topics, a US-based platform offering insights into rising trends, predicted that there will be 25.4 billion IoT devices by 2030 in March 2023. Thus, the escalating use of IoT devices is propelling the crop monitoring market's expansion.
Who Are the Dominant Players Across Different Crop Monitoring Market Segments?
Major companies operating in the crop monitoring market include Topcon Corporation, Trimble Inc., The Climate Corporation (a subsidiary of Bayer AG), Yara International ASA, CropX Technologies Inc., Cropio LLC, Earth Observing System Inc., PrecisionHawk Inc., Ag Leader Technology Inc., Taranis-Visual Ltd., Monsanto Company., Deere & Company, AGCO Corporation, Kubota Corporation, Iteris Inc., Farmers Edge Inc., Granular Inc., Sentera LLC, SlantRange Inc., MicaSense Inc., Gamaya SA, AgEagle Aerial Systems Inc., Resson Aerospace Corporation, EOS Data Analytics Inc., Teralytic Inc., Arable Labs Inc., FieldIn Ltd., CropMetrics LLC, Ripe Technology Inc., Terranis Systems GmbH, Hummingbird Technologies Limited, Agribotix LLC, CropIn Technology Solutions Pvt. Ltd., agriXP Inc.
What Are the Latest Developing Trends in the Crop Monitoring Market?
Major corporations involved in the crop monitoring market are introducing new technologies, like robots, to offer dependable services to their clients. The self-governing crop monitoring robot is specifically engineered to provide instant insights into crop fields, working on an individual plant basis to optimize production and effectiveness. For instance, Solinftec, an ag-tech company based in Brazil, unveiled Solix in May 2022. The Solix robot, powered by solar energy and equipped with lithium-ion batteries for energy storing, comprises an inbuilt camera and sensors that work in conjunction with artificial intelligence (AI) technology to surveil plant health, recognize insect harm, and identify field changes.
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Which Geographic Regions Are Expected to Dominate the Crop Monitoring Market in the Coming Years?
North America was the largest region in the crop monitoring market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crop monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Crop Monitoring Market?
2. What is the CAGR expected in the Crop Monitoring Market?
3. What Are the Key Innovations Transforming the Crop Monitoring Industry?
4. Which Region Is Leading the Crop Monitoring Market?
Why This Report Matters:
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Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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