Press release
Global Smart Crop Monitoring Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Smart Crop Monitoring
What Is the Smart Crop Monitoring Market Size and Projected Growth Rate?
In recent times, the market size of smart crop monitoring has witnessed a swift expansion. The market value is projected to rise from $3.47 billion in 2024 to $4.1 billion in 2025, indicating a compound annual growth rate (CAGR) of 18.4%. This substantial growth during the historical period is due to the growing demand for enhanced crop yields, the rise in global population, significant advancements in IoT technology, an increased focus on sustainable farming methods, and escalating regulatory pressures.
The smart crop monitoring market is projected to experience speedy expansion in the forthcoming years. The market size will amplify to $7.97 billion by 2029, with the compound annual growth rate (CAGR) recorded at 18.1%. The progression during the forecast period is likely attributed to advancements in automated watering systems, the burgeoning popularity of farm-to-table initiatives, the growth of agricultural collaborations and partnerships, a heightened emphasis on minimising waste in the supply chain, and a notable increase in real-time weather prediction. The forecast period will also witness prominent trends like technological breakthroughs, controlled environment farming, regenerative farming, soil health surveillance, and connectivity tech advancements.
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What Are the Major Segments in the Smart Crop Monitoring Market?
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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What Are The Driving Smart Crop Monitoring Market Evolution?
The anticipated surge in food demand is predicted to boost the progression of the smart crop monitoring market. Global population increase and income growth are the driving forces behind this rising demand for food leading to an elevated consumption of varied food products. Smart crop monitoring aids in food manufacturing efficiency by offering real-time information on crop health, soil conditions, weather forecasts, and resource consumption. It guides farmers in making educated decisions on irrigation, fertilization, and pest management, in turn boosting crop yields, minimizing resource wastage, and bettering the quality of food produced. For instance, a report published by the United States Department of Agriculture in April 2024 indicated that the contribution of agriculture, food, and related industries to the U.S. GDP in 2023 was approximately $1.530 trillion, accounting for nearly 5.6% of the total. U.S. farms contributed about $203.5 billion or roughly 0.7% of the GDP from this total. Hence, the consequent demand for food is fueling the smart crop monitoring market.
Which Firms Dominate The Smart Crop Monitoring Market Segments?
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
What Trends Are Expected to Dominate the Acquired Autoimmune Hemolytic Anemia Market in the Next 5 Years?
In the smart crop monitoring market, major corporations are leveraging innovative technologies such as AI-powered sensing technologies for strategic advantage. These technologies fuse the artificial intelligence with advanced sensors to capture, scrutinize and interpret real-time physical environment data. For instance, GeoPard Agriculture, a climate data and analytics company based in Germany, rolled out a state-of-the-art analytics platform customized for farmers and vendors who use John Deere technology in April 2023. The platform brings to the table various features like field mapping, variable rate application (VRA) maps, scouting instruments and data integration capabilities, intending to help farmers streamline their operations and take decisions based on data for higher productivity and profitability. GeoPard's analytics portal enriches the myjohndeere operations center with yield, soil, topography, and satellite imagery analysis, offering users a complete view of their agricultural activities.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Crop Monitoring Market?
2. What is the CAGR expected in the Smart Crop Monitoring Market?
3. What Are the Key Innovations Transforming the Smart Crop Monitoring Industry?
4. Which Region Is Leading the Smart Crop Monitoring Market?
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