The Global Crop Monitoring Market was valued at USD 2.53 Billion in 2022 and is projected to reach USD 5.40 Billion by 2030, registering a CAGR of 12.03% for the forecast period 2023-2030.
Market Definition
Crop monitoring is a technique that uses spectral analysis of high-resolution satellite pictures to enable real-time monitoring of the crop vegetation index of different fields and crops. This tracking of positive and negative crop development dynamics is made possible. Because technology has advanced since its inception, crop monitoring is becoming more and more crucial to maximizing the use of geospatial technologies and site-specific crop management tactics. The market of crop monitoring is being driven by the increasing use of artificial intelligence (Al) and Internet of Things (IoT) in the agricultural sector. Crop monitoring systems are being used more frequently as a result of the growing rate of Internet penetration and the increase in farmer’s smartphone usage. it is anticipated that the agriculture sector would use crop monitoring systems more frequently as a result of growing government backing for the use of new agricultural techniques. Agriculture is growing as a result of the growing use of remote sensing data along with specific field data to identify important crop production indicators. Crop monitoring solution usage is increasing as a result of rising labor wages brought on by a decline in the number of agricultural workers in numerous nations. In the agricultural industry, the use of satellite crop monitoring systems is growing as farmers demands for performing real-time crop vegetation index grow.
Market Size:
- 2022: USD 2.53 Billion
- 2030: USD 5.40 Billion
- CAGR (2023-2030): 12.03%
Crop Monitoring Market Dynamics
Drivers : Increasing use of IoT and AI-based crop monitoring tool
One of the factors propelling the crop monitoring market expansion has been the introduction of IoT and AI-based crop monitoring equipment. Furthermore, these gadgets are being used more frequently as a result of their remote monitoring capabilities and connected surroundings. Because of advancement in sensors technology and their decreasing cost, smart sensor adoption in the agriculture industry is the growing in popularity. Offering cutting edge technology like artificial intelligence and the internet of things for improved crop monitoring and management companies like Prosper Technology, Blue River Technology, just a few that have significant impact on the market. Government in a number of countries have begun implementing awareness campaign, changing laws, partnering with business to boost the use of IoT and advance smart farming. Many government agencies are moving in this direction as a result of their recognition of the significance of open-source information availability, statistic management, data ownership, and precision agriculture technique. Growing rate of Internet penetration and rising number of smartphone users among farmers are contributing to the increased utilization of crop monitoring solutions. Growing interest of farmers in precision farming to reduce operational costs and increase agricultural productivity is projected to fuel the demand for IoT-based technologies in the agriculture sector in the next few years, thus fueling the growth of crop monitoring market.
For instance, in December 2020, The On-Farm Internet of Things (IoT) Trial is a Victorian Government initiative supporting farmers to become digitally enabled to improve the productivity, competitiveness and sustainability of Victoria's agriculture sector.
The market growth of crop monitoring is being driven by government promotion, technological adoption, and population growth:
The adoption of state of art sensors, the expanding popularity of the internet and AI powered crop monitoring device main factor propelling the market growth. The increased use of technology is also a result of the networked environmental and capabilities of remote monitoring, the use of smart detectors in the agriculture sectors is growing as a result of technology breakthrough in the field and their low cost. A surge in the industry has also been brought about by a number of government and private sector initiative to develop and promote agriculture monitoring systems. The need for food is rising long with the world population these days. Therefore, in order to increase crop yield and efficiency, farmers are in demand for this kind of technology. Farmers are increasingly adoptive innovative technology like precision irrigation or planting in order to cut expense. Real time data regarding crops, soil, and other important variable are provided by this technology. Farmer make more informed decision about planting, harvesting, and fertilizing by using the extensive information that senor technology is able to provide on weather pattern, crop health, soil condition. New technologies are being promoted by numerous governments in an effort to lower cost and increase agriculture output, for example, Indian government started number of programs to support precision farming, as a result due to these reasons, crop monitoring market is fueling.
For instance, in February 2021, A Centrally Sponsored Scheme Namely National e-Governance Plan in Agriculture (NeGPA) was initially launched in 2010-11 in 7 pilot States, which aims to achieve rapid development in India through use of Information & Communication Technology (ICT) for timely access to agriculture related information to the farmers. In 2014-15, the scheme was further extended for all the remaining States and 2 UTs. The scheme has been extended up to 31.03.2021.
Recent Developments
September 2022, Agritech pioneer Cropin announced the launch of Cropin Cloud, the world's first purpose-built industry cloud for agriculture. Cropin Cloud is a multi-tenant, secure, scalable, flexible, intelligent cloud platform enabling agri-businesses, development agencies, governments, and allied industries to accelerate digital transformation across their business value chain. Cropin Cloud is an integrated platform of applications for digitization, clean and contextual data pipelines for enhanced decision-making based on data analytics, and globally proven crop-specific, crop and geography-agnostic machine learning models.
September 2022, Trimble introduced today the Trimble BD9250, a dual-frequency OEM GNSS receiver module that supports Trimble RTX correction services. The receiver is designed to deliver high-accuracy positioning for a range of high volume, autonomous-ready applications used in the agriculture, construction, robotics and logistics industries worldwide.
October 2020, John Deere has today launched a new home of digital farming information, insights and learning resources with the unveiling of the John Deere Digital Agriculture Hub. Designed specifically for Australian and New Zealand farmers, the site features information on the power of data in decision-making, easy-to-understand 'how to' videos, and case studies with primary producers speaking about how digital farming has transformed their businesses.
Restraint : Some of obstacle affecting the crop monitoring market are the high initial investment, internet barrier, and technical issues:
Drones, satellite, and sensors modern technologies are needed for agriculture monitoring. Large initial investments are required to implement these technologies, which are may be prohibitive for small and medium size enterprises. These kinds of technologies can only be used by farmers in developing nations or areas since they require high speed internet. Farmers use data from sensors, drones, and other sources to inform their decision. Technology issues, such as sensor calibration, data transfer, or weather interference, might occasionally occur. As a result, the quality of data gathered may be compromised, leading to incorrect conclusions. One major obstacle to the establishment of the crop monitoring sector in developing nations has been digital divide that exists between rural and urban areas in these countries. The poor adoption of new technology in developing nations can be attributed to a number of factors, including family-owned farming, a lack of technological sophistication, and the presence of unskilled farmers. Furthermore, the limited adoption of sensing and images technologies for agricultural monitoring has been caused by farmers in rural developing nations’ lack awareness of technologies. Overall, this factor hinders the growth of crop monitoring market.
For instance, in March 2022, according to World Economic Forum, With the world's population expected to hit 9.7 billion by 2050, agriculture needs to become more productive and sustainable. Technology can help transform the global food production system and mitigate its impact on the climate and environment. Digital agriculture systems can also be used to reduce food waste and at every stage of the supply chain.
Challenges : Lack of skilled labor and digitization
A significant barrier to the growth of agriculture monitoring industry in developing nation has been digital divide that exist between rural and urban areas, low acceptance of advanced technology has been caused by a number of barriers to technology adoption in developing countries including experienced farmers, a lack of technological know-how, and family-owned farming model. Moreover, farmer in rural part of developing countries have a poorer knowledge of technology, which has led to decrease in the usage of sensing and imaging equipment for crop monitoring. Due to necessity to invest in new technologies and the scarcity of experienced people, crop monitoring service may be more expensive, if crop monitoring system are hard to use or need technical expertise to analyses data, farmer may be less inclined to employ them. If crop monitoring is not properly established and used, their accuracy could be reduced.
Opportunities : Increased emphasis on the farm sector digitization agenda due to COVID 19
COVID 19 epidemic may present a chance for business engaged in the crop monitoring industry. The worldwide disruption brought about by the epidemic, which resulted in the problematic supply chain, labor sorting as result of lockdown, and temporary closure of production plants. In the post COVID 19 era this could lead to automation and digitization of the agriculture sector. Because farmers are now able to generate cash through business that provide them with digitally enabled services, digital agriculture has grown popularity in among agriculture technology players. Most market participants have already made significant investment to serve this demographic. One essential element of digital agriculture is cropping monitoring. It gives farmer up to date information about the state of their crops allowing them to spot issue early on and take appropriate option. This can lessen crop losses, increase yield and use of fertilizers and pesticides. Digital tool is being used by farmer more and more market their produce, manage their operation and keep an eye on their crops. Companies that monitor crop are seeing new opportunity as a result of this shift.
Snapshot:
| Attributes | Details |
| Market Size in 2022 | USD 2.53 Billion |
| Market Forecast in 2030 | USD 5.40 Billion |
| Compound Annual Growth Rate (CAGR) | 12.03 % |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Offering, By Technology, By Farm Type, By Application, and By Region |
| By Offering |
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| By Technology |
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| By Farm Type |
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| By Application |
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| By Region |
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| Base Year | 2022 |
| Historical Year | 2018 - 2022 |
| Forecast Year | 2023 - 2030 |
Segment Analysis of the Crop Monitoring Market
The Crop Monitoring Market is segmented by offering, technology, farm type, application and region.
By Offering
The Hardware segment held the largest market share in 2022 : By offering is sub segmented into hardware, software, services. The hardware segment accounted for highest market share 50% in global Crop monitoring market for 2022. The hardware segment include section and monitoring as well as automation and control. Sensing and monitoring device are being used more frequently due to the growing demand for real time data on crop and field in order to access and analyses the data for growth in farming operation. The segment is therefore being driven by this. In an effort to boost agriculture productivity and cut expenses, farmers are using hardware device like yield monitor, climate sensor, and soil moisture sensor more and more. Furthermore, it is anticipated that in the near future, sensor computer vision and precise global positioning system control will contribute to the development of intelligent and autonomous farm equipment. The increased demand for these solution in result of satellite monitoring ability to provide farmers with real time weather hazards, which aids in decision making and reduces expenses.
On the other hand, the Services and Seeds segment has the significant market share over the forecast period, due to 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.
By Technology
The sensing and imagery segment was the leading segment in 2022 : By technology, which is divided into sensing and imagery, variable rate technology, automation and robotics. The sensing and imagery segment accounted for largest share 53% in global crop monitoring market for 2022. Such a widespread acceptance is the consequence of farmer adopting remote sensing technology at higher rate which allows them to remotely monitor their crops. Over the course of projection period, there will likely be further advancement in sensing and imagery technology. It uses sensor and imagery to collect data about crop and growing environment, also been keeping an eye development of health and decision concern fertilization, irrigation and pest control may be made with knowledge due to this information.
On the other hand, the variable rate technology segment is anticipated to expand over the forecast period, The variable rate technology 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.
By Application
The crop scouting and monitoring segment was the leading segment in 2022 : By application, which is divided into field mapping, soil monitoring, crop scouting and monitoring. The crop scouting and monitoring segment accounted for largest share 51% in global Crop Monitoring market in 2022. Crop scouting and monitoring system are being used more often due to growing requirement to identify pest and illness as soon as feasible and introduce a safe and efficient treatment. Furthermore, as farmer preference for precision farming develop, so does the use of GPS, drones, satellite imaging and other remote sensing technology. Visual inspection of crop is part of crop scouting and monitoring which look for any indication of pest infestation, disease or other problem that can affect crop productivity. Either physical labor or automatic sensor can be used for this.
Field mapping segment is anticipated to register rapid growth in forecast period, A field mapping describes the relationship between a persistent field and the database. It also includes information on how to link the field to the data of its owning object, as well as any linked objects, if necessary, it also describes the field denotes a relation to one or more other tenacious substances.
Regional Analysis
North America occupied the largest market share in 2022:
North America has the largest revenue market share 43.2% in 2022, the region market is driven by factor such as the growing use of robotics and automation, remote sensing and imagery solution, and variable rate technology. Crop monitoring technology are being used more frequently in the region as a result due to rising labor wages in developed countries brought on by declining number of agriculture workers. Additionally, the existence of significant industry participant like AGCO corporation, Trimble, Deere and Company, in the area support the expansion of crop monitoring market share. The crop monitoring market in the area is driven by rising government initiative to support the use of AI and IoT enabled technologies in the agriculture sector to support smart farming during the course of the forecast period.
On the other hand, Asia Pacific accounted for the significant share over 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. Increased use of IoT in agriculture for weather condition monitoring is validating the significant growth in Asia-Pacific region in the forecast period. growing global population, coupled with the increasing demand for food in developing economies, is driving the market for crop monitoring in the region.
List of the prominent players in the Crop Monitoring Market:
- Trimble Inc.
- Topcon Corporation
- Yara International
- The Climate Corporation
- CropX Technologies
- Crop wise Operations
- Deere & Company
- EOS Data Analytics, Inc.
- Earth Observing System
- Precision Hawk
- Ag Leader
- Taranis
Segmentation Analysis of the Crop Monitoring Market
By Offering
- Hardware
- Software
- Services
- Sensing and Imagery
- Variable Rate Technology
- Automation and Robotics
- Small
- Medium
- Large
- Field Mapping
- Soil Monitoring
- Crop Scouting and Monitoring
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Impact of the COVID-19 Pandemic on the Crop Monitoring Market:
Leading companies in the crop monitoring industry worldwide include Yara International, CropX Technologies, The Climate Corporation, Topcon Corporation, and Trimble. Due to the interruption in the supply chain that cause a lack of device and equipment for the market, the impact of CIVID 19 on the market, is anticipated to be temporary. Nonetheless, improvement in remote sensing technologies have led to improved farm operation management, which is probably less vulnerable to the COVID 19 pandemic. The post COVID 19 world may see a major demand for remote sensing and images. It is anticipated that COVID 19 will expedite the deployment of Internet of Things device in agriculture farms worldwide, hence optimizing farm operation while minimizing labor needs in the field in the medium to long term, it is anticipated that the number of linked agriculture device would expand in a positive manner. The market for crop monitoring is anticipated to rebound starting in the last quarter of 2020, when there may be a notable increase in demand for remote sensing and imaging. The several equipment related companies anticipated slow growth in the first three quarter of FY 20-21, with potential increase in the fourth quarter.
