Crop Monitoring Market Size Worth USD 5.99 Billion & Industry Growth – at a CAGR of 15.3% by 2027, Market Trends – Increasing adoption of agricultural drones for field inspection

February 26 23:16 2021
Rising demand for food led by increasing global population and growing government initiatives to adopt modern agricultural techniques are driving the global crop monitoring Market Size – USD 2.04 Billion in 2019, Market Growth – at a CAGR of 15.3%, Market Trends – Increasing adoption of agricultural drones for field inspection

This growth of the market can be attributed to the measures taken by governments of several countries to meet the rising demand for food. Rising adoption of the global navigation satellite system, which helps farmers to perform real-time crop vegetation index monitoring, is contributing to growth of the market for crop monitoring.

Global Crop Monitoring Market’ by Emergen Research, comprises a systematic account of the significant components of the global Crop Monitoring market, which assists the readers to better interpret the current and future market scenarios. The latest report is a paradigmatic work of the global market assessment and provides information on the key market growth trends and opportunities. Such aspects of the report further enable the readers to formulate effective business expansion strategies. Moreover, the report highlights the robust growth trajectory of the global Crop Monitoring market, shedding light on significant market development. The report also offers detailed insights into the pertinent industries, business organizations, and various local and international manufacturers and vendors.

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The key companies profiled in the report 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.

Emergen Research has segmented the global crop monitoring market in terms of technology, offering, application, and region:

  • Technology Outlook (Revenue, USD Billion; 2017–2027)
    • Variable Rate Technology
    • Sensing & Imagery
    • Automation & Robotics
  • Offering Outlook (Revenue, USD Billion; 2017–2027)
    • Software
    • Hardware
    • Services  
  • Application Outlook (Revenue, USD Billion; 2017–2027)
    • Soil Monitoring
    • Variable Rate Application
    • Field Mapping
    • Yield Mapping & Monitoring
    • Crop Scouting & Monitoring
    • Weather Tracking & Forecasting
    • Others

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Key takeaways from the Global Crop Monitoring Market report:

  • The global Crop Monitoring market report contains a wide-ranging product segmentation and methodically evaluates the entire product expanse of this business space in question.
  • The report covers information about the accrued market share of every product type, coupled with their profit estimations and production growth graph.
  • The report also offers a generic summary of the major applications of the global Crop Monitoring market, detailing on the market share and product demand for each application segment.
  • The latest study is also said to estimate the growth rate of each application segment over the projected timeframe (2020-2027). Moreover, it lays out significant information about the different parameters affecting the global market expansion, such as market concentration rate and raw material production rate.

Competitive Terrain of the Global Crop Monitoring Market:

 

The global Crop Monitoring market conducts a precise examination of the functioning mechanisms of the leading industry participants in the global market. It has been observed that these industry players deploy a wide array of business growth strategies, which enable them to account for significant shares of the global market. This section of the report lays profound emphasis on the fundamental strategic initiatives, such as new business deals, collaborations, joint ventures, mergers & acquisitions, and technological upgradation, taken by these companies in a bid to reach a valuable market position. A detailed study of the company profiles of these market players is an additional aspect of the global Crop Monitoring market report that helps readers gain meaningful insights into the emerging growth prospects of this particular business sphere.

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. 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

    4.1. Crop Monitoring Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Rising adoption of Internet of Things and Artificial Intelligence technology in agricultural sector

                    4.2.2.2. Increasing demand for agricultural production

                    4.2.2.3. Rising support of government to adopt modern agricultural techniques

                    4.2.2.4. Increase in smartphone users and internet penetration among farmers

          4.2.3. Market restraints analysis

                    4.2.3.1. Poor Internet Connectivity in Farms in developing countries

                    4.2.3.2. Limited Technological knowledge among farmers in the developing countries

                    4.2.3.3. Present challenging economic conditions due to the pandemic

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Crop Monitoring Market By Technology Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

    5.1. Technology Dynamics & Market Share, 2019 & 2027

          5.1.1. Variable Rate Technology

          5.1.2. Sensing & Imagery

          5.1.3. Automation & Robotics

Chapter 6. Crop Monitoring Market By Offering Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

    6.1. Offering Dynamics & Market Share, 2019 & 2027

          6.1.1. Software

          6.1.2. Hardware

          6.1.3. Services 

Continue…!

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