Global Crop Monitoring Market By Offering (Hardware, Software, and Services), By Technology (Sensing and Imagery, Variable Rate Technology, and Automation and Robotics), By Farm Type, By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

In 2022, the Global Crop Monitoring Market was valued at USD 2.6 Billion. This market is estimated to reach USD 9.8 Billion in 2032 at a CAGR of 14.6% between 2023 and 2032.

The term “crop monitoring market” describes the use of technologies for the real-time monitoring and management of crops with the goals of increasing output, minimizing waste, and maximizing resource utilization. Crop monitoring is the process of evaluating the development and well-being of crops on a regular basis in agricultural fields. Data on elements like soil moisture, temperature, nutrient levels, and insect infestations are gathered using a variety of ways. To make knowledgeable decisions on crop management strategies, crop monitoring data is used.

Note: Actual Numbers Might Vary In Final Report

For instance, based on information regarding pest numbers in their fields, farmers may deploy pest management methods or change irrigation schedules based on soil moisture data. The COVID-19 pandemic has driven increased demand for sustainable agriculture practices and food security.

Key Takeaways

• Market Growth and Forecast: The Crop Monitoring Market was valued at USD 2.6 Billion in 2022, with an estimated growth to USD 9.8 Billion in 2032 at a CAGR of 14.6% between 2023 and 2032.
• Definition and Purpose: The Crop Monitoring Market involves the use of technologies for real-time monitoring and management of crops, aiming to increase output, minimize waste, and maximize resource utilization.
• Driving Factors: Increasing population, the adoption of new technologies, and government promotions are driving the market growth of the Crop Monitoring Market. This is attributed to the growing demand for food and the need for efficient crop management.
• Restraining Factors: High initial investment, internet barriers, and technical issues are some of the key restraints for the Crop Monitoring Market. These factors can hinder the adoption of modern technologies, especially for small and medium-sized businesses.
• Offering Analysis: The hardware segment is the most lucrative in the Crop Monitoring Market, with a CAGR of 17.4% in 2022. Hardware such as sensors, cameras, and drones play a crucial role in collecting and processing data related to crops.
• Technology Analysis: Sensing and imagery is the most lucrative segment in the global Crop Monitoring Market, accounting for the largest market share of 53% in 2022. This technology provides detailed information about crops and their environment using sensors and imaging technology.
• Farm Type Analysis: Medium-sized farms dominate the Crop Monitoring Market, as they can benefit from the technologies to overcome challenges and maximize yields and profits. Small-scale crop monitoring is also growing, with companies offering affordable solutions for small-scale farmers.
• Application Analysis: Crop scouting and monitoring dominate the Crop Monitoring Market, with a market share of 36.4% and a CAGR of 13.6% in 2022. This segment involves visual inspection of crops to identify any signs of pest infestation, diseases, and other issues affecting crop yield.
• Growth Opportunities: Increasing demand for food production, easier and cost-effective technologies, and food security create opportunities in the Crop Monitoring Market. Technologies like Artificial Intelligence and machine learning are helping to collect and analyze data more effectively.
• Regional Analysis: North America is the most lucrative market, accounting for the largest market share of 45% in 2022. Asia-Pacific region benefits from advanced technologies like satellite imagery, Internet of Things sensors and drones. Asia is projected to experience rapid expansion due to the increased adoption of precision agriculture practices as well as concerns over food security issues.
• Key Market Players: The global Crop Monitoring Market is highly competitive, with key players such as Trimble Inc., Topcon Corporation, Yara International, The Climate Corporation, and others dominating the market. These companies utilize advanced technologies like drones, IoT, and sensors for efficient crop monitoring and increased productivity.

Driving Factors

Increasing Population, Adopting New Technologies, and Governments promotions are Driving the Market Growth of the Crop Monitoring Market.

Now days the global population is increasing while the demand for food is also increasing. So, the farmers are in demand of such types of technologies for improving crop yields and efficiency. Adopting new technologies such as precision planting or precision irrigation it becomes more popular among farmers to reduce costs. This technology provides real-time data about crops, soil and other critical factors.

The sensor technologies are providing detailed information about soil conditions, weather patterns, and crop health which can help farmers to decide on fertilizing, harvesting and planting. Many Governments are promoting new technologies to improve agricultural productivity and reduce costs. For example, in India Government launched many initiatives to promote precision farming.

Restraining Factors

High Initial Investment, Internet Barriers, and Technical Issues Are Some Restraints for Crop Monitoring Market.

For the crop, monitoring requires modern technologies such as drones, satellites, and sensors. For adopting these technologies there is a need for high initial investment which can be a barrier to small and medium-sized businesses. Such type of technologies requires high-speed internet so; it can be restricted to the farmer’s accessibility in developing countries or regions.

Farmers are making decisions on the basis of data which is collected by sensors, drones, etc. Sometimes there has been a problem with technology such as sensor calibration, data transmission, or weather interference so, it may affect the quality of data collected and result in the wrong decisions.

Offering Analysis

The Hardware Segment is Lucrative in the Crop Monitoring Market with the Highest CAGR of 17.4% in 2022.

The offering segment is categorized as hardware, software, and services. Among these segments, the hardware segment is dominating the crop monitoring market with the highest CAGR of 17.4% in 2022. Hardware plays a crucial role in the crop monitoring market.

Hardware is a type of equipment and a physical device that includes sensors, cameras, weather stations, drones, and other monitoring tools. This hardware is used for collecting and processing data related to crops. This can measure the growth and health of the crop and is helpful for farmers to enhance crop yields and crop management practices.

The software is the fastest-growing segment in the crop monitoring market. The software is referring to the tools and digital programs that are used to process, analyze and interpret the data which is collected from the crop monitoring hardware. This includes many types of software such as analytical tools, visualization software, and data management software.

Technology Analysis

The Sensing and Imagery Segment is Lucrative in the Global Crop Monitoring Market with the Largest Market Share of 53% in 2022.

The technology segment is categorized as sensing and imagery, variable rate technology, and automation and robotics. Among these segments, the sensing and imagery segment is lucrative in the global crop monitoring market with the largest market share of 53% in 2022. Precision agriculture is a key element of the sensing and imagery market for crop monitoring.

It has gathering information about crops and the environment they are growing in using sensors and imaging technology. Then, with the use of this information, decisions about irrigation, fertilization, and pest management can be made in a well-informed manner while also monitoring crop growth and health.

Variable rate technology is the fastest-growing segment in the technical analysis of the crop monitoring market. The VRT includes the use of modern technologies to differ the rate of inputs like seeds, pesticides, and fertilizers. It is based on the particular necessitate of different areas within a field.

Note: Actual Numbers Might Vary In Final Report

Farm Type Analysis

The medium Size Farm Segment is the Most Lucrative Segment in the Global Crop Monitoring Market Due to Crop Monitoring Technologies.

Based on farm type, the market for crop monitoring is segmented into small, medium, and large. Among these segments, the medium size farm segment is dominant in the crop monitoring market. With a market share of 43.9% and a CAGR of 14.2%. Owing to crop monitoring technologies can help medium-sized farmers to overcome these challenges by providing them with real-time data on crop health, weather patterns, and soil conditions. Farmers often have needs that require sophisticated solutions to maximize their yields and profits.

On the other hand, small-scale crop monitoring is also an important aspect of the crop monitoring market and it is accounted as the fastest growing segment in the farm type of crop monitoring market with a market share of 36.5%. Owing to advancements in technologies made crop monitoring more affordability and access for small-scale farmers. There are some companies that offer crop monitoring technologies specially designed for small-scale farmers.

Application Analysis

The Crop Scouting and Monitoring Segment Dominate in the Crop Monitoring Market with a Market Share of 36.4% and a CAGR of 13.6% in 2022.

Based on application, the market for crop monitoring is segmented into field mapping, crop scouting and monitoring, soil monitoring, yield mapping and monitoring, variable rate application, weather tracking and forecasting, and others. Among this application, the crop scouting and monitoring segment is dominant in the crop monitoring market with a market share of 36.4% and a CAGR of 13.6% in 2022. Crop scouting and monitoring includes visual inspection of crops to identify any signs of pest infestation, diseases, and other issues which can impact crop yield. It can be done using automated sensors or manually.

Soil monitoring is also an important application in the crop monitoring market and it is accounted as the fastest growing segment in the crop monitoring market with a market share of 26.3%. It includes various soil parameters like pH, moisture levels, and nutrient content which helps farmers in optimizing irrigation and fertilization practices for improving crop yields.

Key Market Segments

Based on Offering

• Hardware
• Software
• Services

Based on Technology

• Sensing and Imagery
• Variable Rate Technology
• Automation and Robotics

Based on Farm Type

• Small
• Medium
• Large

Based on Application

• Field mapping
• Crop scouting and monitoring
• Soil monitoring
• Yield mapping and monitoring
• Variable rate application
• Weather tracking and forecasting
• Others

Growth Opportunity

Increasing Demand for Food Production, Easier and Cost-Effective Technologies, and Food Security Create the Opportunities in Crop Monitoring Market.

There is increasing demand for food production so, by using crop monitoring technology farmers can increase crop yields and also improve food security. To collect and analyze crop monitoring data the technologies such as Artificial Intelligence, and machine learning help to collect it easier and cost-effectively. The opportunity for this market is increasing in developing countries because food security is a major concern. So, the companies are providing these technologies at affordable prices. To expand the market companies can partner with the same industry company such as chemical and seed companies.

Latest Trends

AI and Machine Learning Technologies, Adoption of Cloud-Based Solutions are Some Trends in the Crop Monitoring Market.

To process the large amount of data there is increased use of Artificial Intelligence and Machine Learning. These technologies can help farmers for making decisions by providing real-time data. Crop monitoring technology is the integration of data from multiple sources such as imagery, weather data, crop health, etc. to provide complete information about yield and crop health. Crop monitoring businesses provide adaptable solutions that may be made to meet the unique requirements of different farmers and producers.

This method makes it simpler to maximize crop output since it enables farmers to select the precise data points that are most pertinent to their operations. As opposed to conventional on-premise solutions, cloud-based crop monitoring solutions offer more flexibility and scalability, which is why they are growing in popularity. Farmers and growers can access real-time data using cloud-based solutions from any location with an internet connection.

Regional Analysis

North America is estimated to be the Most Lucrative Market in the Global Crop Monitoring Market, with the Largest Market Share of 45% in 2022.

North America is estimated to be the most lucrative market in the global crop monitoring market, with the largest market share of 45% in 2022. The North American dominant position is attributed to the presence of modern technologies such as satellite imagery, IoT sensors, and also drones. In the region, the U.S. held the largest market share with the adoption of precision agriculture practices.

Asia-Pacific region is expected to grow in the crop monitoring market. The factors for increasing demand in this market are the adoption of precision agriculture practices and food security. India and China are the major markets in the Asia-Pacific region with the large no. of small and medium farms.

Note: Actual Numbers Might Vary In Final Report

Key Regions and Countries Covered in this Report

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia
  • Netherland
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Market Share and Key Players Analysis

The Global Crop Monitoring Market is highly competitive, with a large number of players vying for market share. The market is dominated by a few key players, who hold the largest market share such as Trimble Inc., Topcon Corporation, etc. This industry uses modern technologies for crop monitoring and increasing efficiency and productivity. Advanced technologies like drones, IoT, and sensors are used to monitor crop health and growth.

Market Key Players

Listed below are some of the most prominent Crop Monitoring industry players.

• Trimble Inc.
• Topcon Corporation
• Yara International
• The Climate Corporation
• CropX Technologies
• Cropwise Operations
• Earth Observing System
• PrecisionHawk
• Ag Leader
• Taranis
• Other Key Players

Recent Developments

• In 2020, Leading agricultural company Syngenta recently announced the acquisition of Ukrainian-based Cropio, a crop monitoring firm. With the acquisition, Syngenta will be able to improve growers’ access to data-driven insights while also enhancing its digital capabilities.
• The Climate Corporation’s crop monitoring platform, Climate FieldView, recently extended its services to Brazil. The program gives farmers timely information about crop health and yield potential using satellite photos and weather data.

Report Scope