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Internet Of Things (IOT) Device Adoption Fuels Growth In Crop Monitoring Market: Transformative Forces Shaping the Crop Monitoring Market Landscape in 2025
Crop Monitoring
What Will the Crop Monitoring Industry Market Size Be by 2025?
The market size for crop monitoring has seen a swift expansion in the past few years. It is projected to escalate from $3.3 billion in 2024 to $3.82 billion in 2025, with a compound annual growth rate (CAGR) of 15.8%. The rise during the historical period can be linked to the escalating need for food security, environmental issues, governmental actions, as well as advances in data analytics and artificial intelligence.
What's the Long-Term Growth Forecast for the Crop Monitoring Market Size Through 2029?
The market size for crop monitoring is predicted to experience swift expansion in the following years, escalating to $6.89 billion in 2029 at a CAGR of 15.9%. The acceleration during the forecast period is due to factors such as the implementation of precision farming, mitigating climate change impacts, and an increased interest in organic farming. Noteworthy trends in the forecast period comprise market broaden, unification with IoT and extensive data, strategic alliances and collaborations, the application of AI and machine learning, as well as farm-to-table traceability.
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What Are the Key Growth Drivers Fueling the Crop Monitoring Market Expansion?
The surge in the usage of Internet of Things (IoT) devices is predicted to fuel the crop monitoring market's expansion in the future. IoT devices are essentially physical entities or gadgets equipped with sensors, software, and the capacity to gather and exchange data via the internet. These devices are utilized in crop monitoring as an innovative method that uses technology to improve agricultural practices and crop management, allowing farmers to make knowledgeable decisions, optimize resource utilization, and boost crop yield. For example, in April 2022, the CRO Forum, a risk management discussion group based in the Netherlands, released a report on the IoT risk from an insurance perspective, predicting a rise to 24.1 billion IoT devices by 2030. Furthermore, as per a March 2023 report by Exploding Topics, a US-based online platform for insights into emerging and trending subjects, it is estimated that there will be 25.4 billion IoT devices by 2030. As a result, the increasing deployment of Internet of Things (IoT) devices is key in driving the crop monitoring market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Crop Monitoring Market?
Leading firms in the crop monitoring industry are continually introducing novel technologies like robots to offer dependable services to their clientele. The self-governing crop surveillance robot aims to give real-time intelligence into the fields, concentrating on individual plants to maintain an equilibrium between yield and efficiency. For instance, Solinftec, an ag-tech firm based in Brazil, introduced Solix in May 2022. Solix, a solar-powered robot, comes with lithium-ion batteries for power storage. It boasts an inbuilt camera and sensors coupled with artificial intelligence (AI) systems to oversee plant wellbeing, identify insect destruction, and discern alterations in the field.
How Is the Crop Monitoring Market Segmented?
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 Companies Are Leading the Charge in Crop Monitoring Market Innovation?
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.
Which Regions Are Leading the Global Crop Monitoring Market in Revenue?
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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