Crop Monitoring Market

Crop Monitoring Market Size (2020-2027)

The Global Crop Monitoring Market was worth US$ 2.9 billion in 2022, and it is estimated to reach a valuation of US$ 5.8 billion by the end of 2027, expanding at an annual growth rate of 13.5% between 2022 and 2027. The crop monitoring means the regular and careful inspection of the crops throughout the growing season. While crop monitoring, a farmer walks through the farm in order to monitor problems related to crop but with the advanced and the digitalized agricultural there are various technologies through which farmers can monitor their crop and get problems to be solved in the real time. The crop monitoring technology help farmers to monitor and manage multiple fields with less cost, reduces labor cost and also farmer can take reliable decision.  As the crops are ripen, it is prone to varies disease, infestations with pests and various environmental conditions that can cause harm to the crops. By using the crop monitoring technologies growers can collect data about the state of the crop such as temperature, humidity, health indicator and take correct measures on time. Corp monitoring solutions is available with different technologies such as Sensing & Imagery, VRT, and Automation & Robotics. Owing to the several benefits of crop monitoring technologies in agriculture is driving the growth of global crop monitoring market during the projected period between 2022 and 2027.

Market Drivers

The driving force of the Crop Monitoring Market is the increasing adoption of digitalized solution in order to increase crop productivity as well as for crop protection from pest. The rising awareness regarding benefits of the crop monitoring solutions is driving the growth of this market in developing countries.

The increasing adoption of IoT and Artificial Intelligence devices for crop monitoring is one of the key driving factors for the growth of this market. Also, the miniaturization and improved accuracy of the global navigation satellite system make possible for wide-scale adoption of the precision farming technologies for geo-positioning as well as field mapping.

Additionally, the rising concern over food and security for the growing population is another factor driving the growth of the market and also the increasing investment by government of several nations towards digitalization of the agricultural propels the growth of the market. Moreover, the increasing number of advanced technological solutions such as drones, automation and robotics etc for crop monitoring & scouting, field mapping etc is expected to fuel the growth of the crop monitoring market in the forecast period between 2022 and 2027.  

Market Restraints

The low penetration of advanced agricultural technologies in the developing countries is hampering the growth of the market. Several barriers are present in developing countries related to the adoption of the advanced technologies such as unskilled farmers, a less techno savvy and family owned farming model as well as low awareness of advanced agriculture among farmers is restraining the growth of the market.

GLOBAL CROP MONITORING MARKET REPORT COVERAGE:

Market Segmentation

Global Crop Monitoring Market - By Offering:

• Hardware
• Software
• Services

Based on offerings, the Global Crop Monitoring Market is segmented into Hardware, Software, and Services. The hardware segment is estimated to most rapidly increasing segment of this market. Farmers are adopting hardware devices for soil moisture sensor, climate sensors, and yield monitor sensors in order to increase agricultural productivity and reduce operational cost. The Hardware solutions can be easily withstood in harsh environmental conditions.

Global Crop Monitoring Market - By Technology:

• Sensing & Imagery
• VRT
• Automation & Robotics

Based on Technology, the Global Crop Monitoring Market is segmented into Sensing & Imagery, VRT, and Automation & Robotics. Sensing and Imagery          segment is dominating in the crop monitoring market due to huge adoption of remote sensing technology by the farmers in order to monitor their farms remotely. The automation & robotics is expected to dominate the market in the forecast period between 2022 and 2025 due to increasing labor crisis in several countries and it provides efficient monitoring in real-time.

Global Crop Monitoring Market - By Application:

• Field Mapping
• Soil Monitoring
• Crop Scouting

Based on Application, the Global Crop Monitoring Market is segmented into Field Mapping, Soil Monitoring, and Crop Scouting. The crop scouting and monitoring segment is going to boost the market growth in the projected period due to increasing need to detect pests and other diseases as early as possible and implement an effective treatment to the crop in right time. Furthermore, farmers' growing demand for precision farming using satellite images, drones, GPS, and other remote sensing technologies is supporting the market's rise in the near future.

Global Crop Monitoring Market - By Farm Size:

• Small
• Medium
• Large

Based on farm Size, the Global Crop Monitoring Market is segmented into Small, Medium and Large. Medium size farms are expected to hold the largest market share in the crop monitoring market during the forecast period due to presence of large number of medium size farm for agriculture across the globe as well as accounts to a significant earned by the implementation of various technologies such as Remote Sensing, Automation & Robotics and VRT. However, in countries like China, India, and several Southeast Asian countries are investing significant amount to digitalize agriculture sector in small farms. In Addition to it, the presence of various companies has started resulting to a demand for the advance agriculture technology in the small farm which is fueling the growth of small farms in the forecast period.

Global Crop Monitoring Market - By Region

1. North America
2. Europe
3. Asia-Pacific
4. RoW (Rest of the World)

North America holds the largest share of crop monitoring market and will sustain its position in projected period due huge dependency on agriculture sector and govern of various countries in this region are focusing on adoption of large number  precision farming technologies in order to yield quality crops. Moreover, in Unites States, the presence of key agencies such as NAS, NOAA and the US department of agriculture who are putting their attempts in uplifting large scale of agriculture. These agencies is aimed to improve farmers profitability and reduce environmental concerns which is caused by various application of chemicals by using advanced technologies which drives the demand of crop monitoring technologies in the market.

Asia-Pacific is expected to witness the fastest growing market of crop monitoring in the forecast period due to significant investment in agricultural technology development. The government in this region has increased their focus and supporting digitalization of the agriculture in order to yield good crops. In addition to it, increased use of IoT in agriculture for weather condition monitoring is validating the significant growth in Asia-Pacific region in the forecast period.

Europe is likely to hold significant share in project period due to favorable governmental support and agricultural policies in this region. The increasing adoption of advanced technologies such as AI, IoT and data analytics in agriculture is driving the growth of the market.

Leading Company

Deere and Company had the largest share of the world’s crop monitoring market in terms of sales revenue in 2020.

Covid-19 Impact on Global Crop Monitoring Market

The COVD-19 has impacted crop monitoring market for a short period particularly in the initial phase of the COVID due to lockdown around the world. The strict lockdown was imposed which has led to partial or complete shutdown of the industries which in turn disrupted the supply chains and the manufacturing of the crop monitoring solution. New projects have stalled throughout the world, which, in turn, have led to a decline in demand for Crop monitoring solutions. But with the recovering activities of the industries the demand of the crop monitoring solution will increase as agricultural sector has struggled a lot due to labor crisis. Therefore, the demand of automation & robotics crop monitoring solutions will increase which will drives the growth of the market in the projected period.

Key Players

Some of the leading companies operating in the Global Crop Monitoring Market are 

• Topcon Corporation (Japan)
• Deere & Company
• Monsanto Company
• AG Junction
• AGCO Corporation
• Trimble (US)
• The Climate Corporation (US)
• Yara International (Norway)
• CropX Technologies (Israel)
• Earth Observing System

Recent Developments

• Topcon Agriculture announced the release of new annual guidance and auto steering receivers called "AGM-1" and "AGS-2" in April 2021, which are part of a new Topnet Live cellular, satellite, and bridging connection service that includes Realpoint, Starpoint, and Skybridge. This technology is used for machine operations and all associated tasks where when tracking location data is applicable to crop optimization which includes soil preparation, seeding, crop care and harvesting.
• CropX Inc. (a major global soil sensing and agricultural analytics company) announced the acquisition of Crop Metrics (a leading provider of cloud-based precision irrigation technologies) in Nebraska in January 2020. The partners and customers can now have access to an unmatched combination in soil-data, advanced farm management analytics and decision support tools