The report segments the Crop Monitoring market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size to reveal where the industry will be in the coming years. The researchers assessing the industry have included the details about the recent decisions and events such acquisition and mergers, collaborations, product launch and investments. Important decisions connected with such events come handy for business owners when positioning their brands in the global market and finalizing the marketing strategies. The global crop monitoring market would be worth USD 5.99 Billion by 2027, according to a current analysis by Emergen Research.
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Key
Highlights of Report
In April 2019, YARA International, a global leader in crop
nutrition, and IBM announced to have concluded an agreement to build a leading
farming digital platform of the world, which would provide holistic digital
services and instant agronomic advices.
The sensing & imagery segment held the largest market
share of 49.3% in 2019. Farmers are using crop and soil sensors, farm mapping,
and aerial drones in order to increase crop yield and enhance crop quality,
which is expected to drive the segment during the forecast period.
The hardware segment is anticipated to expand at the most
rapid CAGR of 15.6% during the forecast period. The rising need to obtain
real-time data on fields and crops to evaluate and analyze the data for growth
in farming operations has increased the utilization of sensing and monitoring
devices, which has driven the segment.
The crop scouting & monitoring segment accounted for the
largest market share in 2019. Rising need to detect pests and diseases as early
as possible and implement a safe and effective treatment has driven the segment.
The Asia Pacific region is expected to be the most rapidly
expanding market for crop monitoring during 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.
Key
market participants 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.
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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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. Increasing demand for intelligent virtual assistants
4.2.2.2. Crop Monitoring
technologies enable data monetization
4.2.3.
Market restraints analysis
4.2.3.1. Limited number of Crop Monitoring experts
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
Continued…
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