Meticulous Research® recently released a report titled “Global Crop Monitoring Market by Offering, Technology, Farm Type, Application, and Geography—Forecast to 2030.” The report reveals that the global crop monitoring market is expected to reach $8.9 billion by 2030, growing at a robust CAGR of 19.3% throughout the forecast period.

Request For Sample Report : https://www.meticulousresearch.com/request-sample-report/cp_id=5659?

The primary drivers of market growth include the rising demand for remote sensing technologies in precision agriculture, increased government support for IoT adoption in agriculture, and the escalating need for high-quality agricultural products due to a growing global population. Despite this, the market faces challenges such as the high costs of advanced agricultural equipment and fluctuating government regulations.

Opportunities for growth are abundant with the integration of AI and IoT technologies in crop monitoring devices, as well as ongoing advancements in mapping and navigation solutions. However, barriers such as a lack of technical knowledge among farmers and limited technology adoption in developing countries may impede progress.

The market is segmented by offering into hardware, software, and services, with hardware anticipated to hold the largest share in 2023. This is driven by increased automation in agriculture and the growing use of drones for monitoring purposes. For example, XAG Co., Ltd. (China) recently introduced V40 and P40 agricultural drones designed to enhance farm management through improved crop monitoring and cost reduction.

Technology-wise, the market is divided into remote sensing, AI & computer vision, IoT, cloud technologies, big data, automation & robotics, and others. Remote sensing is expected to dominate in 2023 due to the decreasing costs of sensors and heightened automation in agricultural practices. Farmsense (U.S.) has developed the FlightSensor, a real-time pest monitoring system, to support efficient pest management and crop yield optimization.

In terms of farm size, large farms (over 10 hectares) are projected to have the largest market share in 2023. This is attributed to their rapid adoption of advanced technologies to effectively manage vast agricultural areas.

Application-wise, the market is segmented into yield monitoring, field mapping, crop scouting, nutrient monitoring, pest control, and others. Yield monitoring is anticipated to lead in market share due to the rise in precision farming and increased demand for food. NASA’s collaboration with CropX Inc. (Israel) on water usage estimates and yield prediction exemplifies efforts to boost agricultural productivity.

Geographically, Europe is expected to hold the largest market share in 2023, driven by a growing demand for advanced food products and government investments in IoT solutions. The European Union’s funding of the Robs4Crops project illustrates significant support for agricultural robotics and automation in Europe.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the global crop monitoring market study are Topcon Corporation (Japan), Trimble Inc. (U.S.), Climate LLC (U.S.), Yara International ASA (Norway), CropX Inc. (Israel), EOS Data Analytics, Inc. (U.S.), The Cropio Group (U.S.), PrecisionHawk (U.S.), Taranis (Israel), Ag Leader Technology (U.S.), Deere & Company (U.S.), AGCO Corporation (U.S.), Sentera (U.S.), American Robotics, Inc. (U.S.), SGS S.A. (Switzerland), Cropin Technology Solutions Private Limited (India), Arable (U.S.), and Small Robot Company (U.S.).

Buy Now : https://www.meticulousresearch.com/Checkout/86634126?

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact Us:

Meticulous Research®

Email- sales@meticulousresearch.com

Contact Sales- +1-646-781-8004

Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous - research