Press release
Crop Monitoring Market Poised to Hit $7 Billion by 2029 with Accelerating Growth Trends
Crop Monitoring Market Size
Crop Monitoring Market Size Growth Forecast: What to Expect by 2025?
The size of the crop monitoring market has seen substantial growth in the last few years. The market is estimated to escalate from $3.3 billion in 2024 to $3.83 billion in 2025, with a compound annual growth rate (CAGR) of 16.1%. The growth observed in the historical period is due to factors such as the rising demand for food security, environmental issues, government interventions, and advancements in data analytics and AI.
How Will the Crop Monitoring Market Size Evolve and Grow by 2029?
The size of the crop monitoring market is predicted to experience significant expansion over the coming years. By 2029, it is projected to reach $7 billion, with a compound annual growth rate (CAGR) of 16.3%. This surge during the forecast period can be linked to the adoption of precision agriculture, measures to combat climate change, and an increased demand for organic farming. Expected trends during this period include market growth, integration with the Internet of Things (IoT) and big data, strategic partnerships and collaborations, the application of artificial intelligence and machine learning, and enhanced farm-to-table traceability.
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What Drivers Are Propelling the Growth of Crop Monitoring Market Forward?
The proliferation of Internet of Things (IoT) devices is set to drive the expansion of the crop monitoring market. IoT devices, which are physical gadgets equipped with sensors, software, and connectivity capabilities for collecting and sharing data via the internet, are employed in crop monitoring. They offer a revolutionary method that utilizes technology to improve farming practices and crop management, enabling farmers to make knowledgeable decisions, optimize resource usage, and increase crop yields. For example, as per a report by the Netherlands-based high-level discussion group, CRO Forum (2022), in April 2022, there was a discussion on IoT risks from an insurance point of view. It was predicted that by 2030, the number of IoT devices would reach 24.1 billion. Furthermore, in March 2023, the US-based online forum Exploding Topics predicted 25.4 billion IoT devices by 2030. Consequently, the growing use of IoT devices is catalyzing the growth of the crop monitoring market.
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Which Emerging Trends Are Transforming the Crop Monitoring Market in 2025?
Companies at the forefront of the crop monitoring market are spearheading innovation through technology such as robots to deliver trustworthy services to their clients. Autonomous crop monitoring robots are crafted to furnish real-time data from the fields, adjusting plant-by-plant to maintain a balance between production and efficiency. As a case in point, Solinftec, an ag-tech firm based in Brazil, introduced Solix in May 2022. The robot, Solix, is powered by solar energy and uses lithium-ion batteries for its power storage needs. This robot features an onboard camera and sensors, combined with artificial intelligence (AI) to supervise plant health, recognize damage caused by insects, and identify changes in the field.
What Are the Key Segments in the Crop Monitoring Market?
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 Technolog: 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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Who Are the Key Players Shaping the Crop Monitoring Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Crop Monitoring Market?
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
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