The Crop Monitoring Market is expected to be valued at USD 5.99 Billion in 2027 from USD 2.04 Billion in 2019, registering a CAGR of 15.3% through the forecast period. The growth of the market can be attributed to the increased measures taken by the governments of various countries to cater to the escalating demand for food. The surging incorporation of a global navigation satellite system that helps the farmers carry out real-time crop vegetation index monitoring is adding substantial traction to the market growth.
In April 2019, YARA International, a global leader in crop nutrition, and IBM announced to have concluded an agreement to build a leading farming digital platform of the world, which would provide holistic digital services and instant agronomic advices.
The hardware segment is anticipated to expand at the most rapid CAGR of 15.6% during the forecast period. The rising need to obtain real-time data on fields and crops to evaluate and analyze the data for growth in farming operations has increased the utilization of sensing and monitoring devices, which has driven the segment.
Key market participants include Yara International, Topcon Corporation, The Climate Corporation (a subsidiary of Bayer), Precision Hawk, Trimble, Deere & Company, Raven Industries, AGCO Corporation, AgJunction, and Lindsay Corporation.
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Technology Outlook (Revenue, USD Billion; 2017–2027)
- Variable Rate Technology
- Automation & Robotics
- Sensing & Imagery
Offering Outlook (Revenue, USD Billion; 2017–2027)
- Hardware
- Software
- Services
Application Outlook (Revenue, USD Billion; 2017–2027)
- Soil Monitoring
- Yield Mapping & Monitoring
- Variable Rate Application
- Weather Tracking & Forecasting
- Crop Scouting & Monitoring
- Field Mapping
- Others
Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
Chapter 1. Crop Monitoring Market Methodology & Sources
1.1. Crop Monitoring Market Definition
1.2. Crop Monitoring Market Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Crop Monitoring Market Segmentation & Impact Analysis
Chapter 5. Crop Monitoring Market By Technology Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Crop Monitoring Market By Product Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Continued…
