Global Crop Monitoring Devices Market 2024-2028
The crop monitoring devices market is forecasted to grow by USD 762.17 mn during 2023-2028, accelerating at a CAGR of 7.74% during the forecast period. The report on the crop monitoring devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a growing focus on increasing productivity and efficiency in the agriculture sector, a shortage of workers on farms, and an increasing focus on smart farming.
Technavio's crop monitoring devices market is segmented as below:
By Area
- Medium-sized
- Large-sized
- Small-sized
By Product
- Sensing and monitoring devices
- Automation and control
- Drones and others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the incorporation of AI and ML into crop monitoring devices as one of the prime reasons driving the crop monitoring devices market growth during the next few years. Also, growing popularity of precision farming and increasing deployment of robots in agriculture for crop monitoring will lead to sizable demand in the market.
The report on the crop monitoring devices market covers the following areas:
- Crop monitoring devices market sizing
- Crop monitoring devices market forecast
- Crop monitoring devices market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading crop monitoring devices market vendors that include Ag Leader Technology, AGCO Corp., Chengdu JOUAV Automation Tech Co. Ltd., CNH Industrial NV, CropX Technologies Ltd., Deere and Co., Hunan Rika Electronic Tech Co. Ltd., Libelium Comunicaciones Distribuidas SL, MaxBotix Inc., Meropy, METOS, Parrot Drones SAS, Sentera Inc., Supertech Agroline ApS, Swift Sensors BV, Topcon Corp., Trimble Inc., TSI Inc., Vyaprut Pvt. Ltd., and Yara International ASA. Also, the crop monitoring devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.