市場調查報告書
商品編碼
1182338
作物監測全球市場預測:到 2028 年按組成部分、農場類型、技術、應用和地區分析Crop Monitoring Market Forecasts to 2028 - Global Analysis By Component, By Farm Type By Technology, By Application and Geography |
到 2028 年,全球作物監測市場規模預計將從 2022 年的 1477 萬美元增長到 2437 萬美元,預測期內復合年增長率為 17.2%。
越來越多地使用作物監測設備來提高作物產量以及增加對農業技術的投資等因素正在推動全球作物監測市場向前發展。
本報告審視了全球作物監測市場,並提供了市場驅動因素/限制因素、市場機會、COVID-19 的影響、按細分市場進行的市場分析以及主要參與者概況等信息。
According to Stratistics MRC, the Global Crop Monitoring Market is accounted for $14.77 million in 2022 and is expected to reach $24.37 million by 2028 growing at a CAGR of 17.2% during the forecast period. Crop monitoring devices are sold by entities (organisations, sole traders, and partnerships) that monitor crop growth and any anomalies in order to effectively prevent diseases or infections that would harm crops. Crop monitoring devices are smart devices that are used to improve crop production during the crop development stages, such as water spraying and harvesting. They were deployed in the field to collect data on a variety of parameters such as temperature, precipitation, leaf water potential, and overall crop health. Factors such as the increased use of crop monitoring devices to boost crop production and rising investments in agricultural technologies are propelling the global crop monitoring market forward. Furthermore, the introduction of smart agriculture techniques and the use of internet of things technology to support sustainable agriculture are expected to open up numerous growth opportunities for market participants during the forecast period.
According to a BI Intelligence survey, the adoption of IoT devices in the agriculture business reached 75 million in 2020, expanding at a rate of 20% each year. With this growth, the market is expected to rise during the forecast period.
Market Dynamics:
Driver:
Rising adoption of AI and IoT-based crop monitoring devices
The emergence of IoT and AI-based crop monitoring devices has been a driving factor in the growth of the crop monitoring market. Furthermore, the connected environment, combined with remote monitoring capabilities, has resulted in increased adoption of these devices. Because of advancements in the field of sensors and their affordability, the use of smart sensors is becoming more common in the agricultural sector. Companies such as Prospera Technologies (Israel), Blue River Technology (US), Bosch (Germany), CropIn Technology (India), and Sigfox (France) have made significant market impact by providing advanced technologies in AI and IoT for improved crop monitoring and management.
Restraint:
Low penetration of advanced agriculture technologies in developing countries
Low penetration of advanced agricultural technologies in developing countries could become a major barrier to market growth. Several barriers to technology adoption in developing countries, such as unskilled farmers, a less technologically savvy population, and a family-owned farming model, have resulted in low adoption of advanced technology. Furthermore, low technology awareness among farmers in developing economies' rural areas has resulted in lower adoption of sensing and imagery technology for crop monitoring.
Opportunity:
Increase in demand for smart agriculture & IoT in Agriculture
The growing demand for smart agriculture and IoT in agriculture is expected to drive the crop monitoring market forward. IoT smart farming is a system that uses sensors to monitor crop fields for light, humidity, temperature, soil moisture, crop health, and irrigation system automation, allowing farmers to monitor agricultural conditions from any location. In response to shrinking agricultural lands and the depletion of finite natural resources, the desire to increase farm yields grew. Smart farming based on IoT technologies enables farmers and growers to reduce waste while increasing productivity. Thus, an increase in smart agriculture and IoT in agriculture demand is propelling the crop monitoring market forward.
Threat:
Small and fragmented land holdings in large parts of world
Catering to farmers with small and fragmented land holdings is a major challenge for companies in the crop monitoring market. Remote sensing, VRT, automation, and robotics implementation is based on economies of scale, as a small holding will not provide a significant return. Countries such as China and India have enormous market potential, but their land holdings are quite small and fragmented. This could be a significant challenge in the global market's development.
COVID-19 Impact
The COVD-19 had a brief impact on the crop monitoring market, particularly during the initial phase of the COVID due to global lockdown. The strict lockdown imposed resulted in the partial or complete shutdown of industries, disrupting supply chains and crop monitoring solution manufacturing. New projects have stalled all over the world, resulting in a drop in demand for crop monitoring solutions. However, as industries recover, the demand for crop monitoring solutions will rise, as the agricultural sector has suffered greatly due to the labour crisis. As a result, the demand for automation and robotic crop monitoring solutions will rise, propelling the market forward.
The Hardware segment is expected to be the largest during the forecast period
During the forecast period, the Hardware segment is expected to gain the largest share due to the increased use of sensing and imagery technologies to determine key crop production indicators such as yield and production, cropping intensity, crop acreage, crop condition, and crop planting proportion. The developing economies are assessing crop production and related indicators using remote sensing data combined with selected field data. The growing need to detect moisture deficiency in crops, pests, weeds, and fungi has increased the use of remote sensing technology. Moreover, crop and soil sensors, farm mapping, and aerial drones are being used by farmers to increase crop yield and improve crop quality, which is expected to drive the growth of the market.
The Small sized farms segment is expected to have the highest CAGR during the forecast period
The small-sized farms segment is expected to grow at the highest CAGR during the forecast period. Small farms are more common in countries such as India, China, and several Southeast Asian countries that are investing heavily in digitising the agriculture sector. Furthermore, the presence of various corporations in these countries has resulted in a demand for advanced agricultural technology on small farms. In addition to that, the government of Andhra Pradesh has adopted technological solutions for delivering sustainable solutions to smallholder farmers in order to boost India's agriculture sector. Such factors are boosting the growth of the small sized farms segment.
Region with largest share:
In 2020, Asia Pacific dominated the market with a 42% share and is expected to maintain the largest share during the forecast period. Companies such as Trimble, John Deere, and other agri-tech heavyweights have a significant market share in crop monitoring. However, because of the widespread adoption of agricultural technology in countries such as India, China, Australia, and Japan, the Asia Pacific region is expected to grow rapidly. Furthermore, significant government changes in the Asia Pacific region to improve and digitise the agriculture industry may propel the crop monitoring market growth.
Region with highest CAGR:
The North America region is expected to register the highest CAGR growth during the forecast period owing to agriculture-specific technologies that are rapidly gaining traction in the region. According to Cambridge University, precision agriculture has been adopted by roughly 52% of farms in the United States. In 2017, approximately 2,029,200 farms in the United States used 950 million acres of land, according to US Department of Agriculture estimates. Moreover, because of the importance of agriculture, the governments are putting more emphasis on introducing precision agricultural technologies in this region, resulting in market growth.
Key players in the market
Some of the key players profiled in the Crop Monitoring Market include Deere & Company, Monsanto company, Libelium Comunicaciones Distribuidas S.L., Topcon precision agriculture, Trimble Inc., AGCO Corporation, Pessl Instruments GmbH, Teejet Technologies Illinois Llc, Yara International ASA, CropX Technologies, Kasco Manufacturing Co., Inc., John Deere, The Climate Corporation, Kubota Corporation, Morris Industries Ltd, Seedmaster and Surface Optics Corporation.
Key Developments:
In May 2020, Pessl Instruments GmbH announced the integration of its IoT and agro-meteorological data management platform named 'Fieldclimate' with Microsoft Azure FarmBeats. The integration was aimed to enable easy and profitable agriculture data-analysis for better decision-making
In January 2020, Cropx, a US-based soil sensing and data analytics company, acquired CropMetrics for an undisclosed amount. Through this acquisition, CropX aims to become a global leader for in-soil IoT solutions by adding CropMetrics's solutions, extensive dealer network, and experienced support team. Cropmetrics LLC is a US-based provider of advanced agronomic solutions and specializes in precision agricultural irrigation management
In April 2019, The Climate Corporation partnered with Airbus S.A.S. to deliver superior, updated satellite imagery solutions to farmers through Climate Corporation's patented digital agriculture platform, named 'Climate FieldView'
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