The global smart crop monitoring market size was estimated at USD 2.31 billion in 2023 and is projected to grow at a CAGR of 14.1% from 2024 to 2030. The agriculture sector is undergoing a significant transformation with the advent of smart technologies, particularly in the domain of crop monitoring. Smart crop monitoring is gaining traction in the market driven by the need for increased efficiency, productivity, and sustainability in farming practices.Free Request Sample@ https://www.grandviewresearch.com/industry-analysis/smart-crop-monitoring-market-report
Type Insights
Based on type, the market is classified into hardware, software, and services. The hardware segment led the market with the largest revenue share of 57.7% in 2023. One of the most significant trends in this segment is the integration of IoT devices with other technologies such as drones and satellite imagery. According to a report by the U.S. Department of Agriculture (USDA), there has been a notable increase in the use of drones equipped with multispectral and hyperspectral cameras in monitoring crop health and detecting pest infestations. Furthermore, development of low-cost sensors has made it easier for small and medium-sized farms to adopt smart monitoring systems.
Technology Insights
Based on technology, the market is classified into sensing & imagery, variable-rate technology (VRT), guidance technology, and automation & robotics. The sensing & imagery segment led the market with the largest revenue share of 34.78% in 2023. The segment's growth is attributed to the growing need for sustainable farming practices, coupled with the rising global population and the subsequent demand for food, has pushed farmers to seek more efficient ways to monitor and manage their crops.
Regional Insights
North Americadominated the smart crop monitoring market with the largest revenue share of 31.31% in 2023. The market’s growth in the region is attributed to the combination of advanced technological infrastructure, large-scale farming operations, and government support. The adoption of precision agriculture is widespread, with farmers increasingly relying on smart technologies to enhance crop yield and efficiency.
U.S. Smart Crop Monitoring Market Trends
The smart crop monitoring market in the U.S. is expected to grow at the fastest CAGR of 12.7% from 2024 to 2030. The country’s vast and diverse agricultural landscape makes it an ideal testing ground for new technologies. The U.S. market is witnessing rapid advancements in sensor technology, with a growing emphasis on developing low-cost, high precision sensors. In addition, the integration of blockchain technology in smart crop monitoring is gaining traction is further anticipated to drive the demand for the market in the U.S.
Key Smart Crop Monitoring Companies:
The following are the leading companies in the smart crop monitoring market. These companies collectively hold the largest market share and dictate industry trends.
AGCO Corporation
CLAAS Group
Climate LLC
Deere & Company
Microsoft Corporation
Prospera Technologies
Raven Industries Inc.
Robert Bosch GmbH
Small Robot Co.
Trimble Inc.
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