Smart Crop Monitoring Market Size, Share & Trends Analysis Report By Type (Hardware, Software, Services), By Technology (Sensing & Imagery, VRT, Automation & Robotics), By Application, By Region, And Segment Forecasts, 2024 - 2030

Smart Crop Monitoring Market Size, Share & Trends Analysis Report By Type (Hardware, Software, Services), By Technology (Sensing & Imagery, VRT, Automation & Robotics), By Application, By Region, And Segment Forecasts, 2024 - 2030

Smart Crop Monitoring Market Size & Trends

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.

According to an article published by the United Nations Department of Economic and Social Affairs, the global population is projected to reach 9.8 billion by 2050, resulting in the demand for food expected to rise significantly. This necessitates the adoption of advanced technologies that can optimize crop yields, reduce waste, and ensure food security.

The market has evolved significantly over the past decade, driven by advancements in IoT, AI, and machine learning. These technologies have enabled the development of sophisticated monitoring systems that can provide real-time data on a wide range of parameters, including soil moisture, temperature, humidity, and pest activity. As result, farmers can now monitor their crops more effectively and respond quickly to potential issues, minimizing crop loss and improving overall productivity. The market is poised for significant growth, with an increasing number of farmers adopting these technologies to meet the challenges posed by climate change, resource scarcity, and the need for sustainable farming practices.

Precision farming is a key trend in modern agriculture, driven by the need to optimize resource use and increase productivity. Smart crop monitoring systems enable precision farming by providing real-time data on crop health, allowing farmers to apply fertilizers, pesticides, and water only where needed. This not only reduces costs but also minimizes the environmental impact of farming practices. Furthermore, governments across the globe are recognizing the importance of smart farming technologies in ensuring food security and sustainable agriculture. Government in the countries such as U.S., Canada, Australia, China, and India among others are offering subsidies and incentives to farmers who adopt smart farming technologies, driving the market growth.

Growing awareness of the need of sustainable farming practices to mitigate the impact of agriculture on the environment. Smart crop monitoring technologies enable farmers to reduce their use of water, fertilizers, and pesticides, leading to more sustainable farming practices. Such factors are driving the adoption of smart farming technologies, particularly in regions where water scarcity and environmental degradation are major concerns.

Climate change is having a profound impact on agriculture, with changing weather patterns and extreme weather events posing significant challenges for farmers. Smart crop monitoring system helps farmers adapt to these changes by providing real-time data on environmental conditions and enabling them to make informed decisions on crop management.

Global Smart Crop Monitoring Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global smart crop monitoring market report based on type, technology, application, and region:

• Type Outlook (Revenue, USD Million, 2017 - 2030)
• Hardware
• Software
• Services
• Technology Outlook (Revenue, USD Million, 2017 - 2030)
• Sensing & Imagery
• Variable-Rate Technology (VRT)
• Guidance Technology
• Automation & Robotics
• Application Outlook (Revenue, USD Million, 2017 - 2030)
• Soil Monitoring
• Weather Forecasting
• Yield Monitoring
• Crop Protection
• Others
• Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• India
• China
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Middle East and Africa (MEA)
• Kingdom of Saudi Arabia (KSA)
• UAE
• South Africa

Please note The report will be delivered in 4-8 business days upon order notification.