Reports Coverage
Smart Crop Monitoring Market Key Insights
Smart Crop Monitoring Market Analysis by Regions
Smart Crop Monitoring Market Analysis by Segments
Smart Crop Monitoring Market Size (current and future)
Smart Crop Monitoring Market Competitive Benchmarking
2 years ago
The global smart crop monitoring market was valued at $1,927.83 million in 2021, which is expected to grow with a CAGR of 12.75% and reach $3,955.39 million by 2027. The growth in the global smart crop monitoring market is expected to be driven by increasing demand for food and the growing need for precision, digital, and smart agriculture practices.
Market Lifecycle...
2 years ago
Global Smart Crop Monitoring Market Industry Overview
The global smart crop monitoring market was valued at $1,927.83 million in 2021, which is expected to grow with a CAGR of 12.75% and reach $3,955.39 million by 2027. The growth in the global smart crop monitoring market is expected to be driven by increasing demand for food and the growing need for precision, digital, and smart agricul...
A method known as "smart agricultural monitoring" tracks and maximizes crop growth and yield using sensors, drones, and other electronic devices. In addition to detecting pests and illnesses, the technology may be used to gather information on variables including soil moisture, temperature, and nutrient levels. The demand for higher agricultural yields, better crop quality, and a reduction in the usage of chemical inputs are some of the factors driving the market for smart crop monitoring.
Companies like Precision Hawk, Trimble, and John Deere are some of the major players in the sector.
Due to the region's rising use of precision agriculture techniques as well as its expanding population, the Asia-Pacific region has one of the fastest-growing markets for smart crop monitoring.
Precision agriculture and smart crop monitoring are becoming more popular because of the pressure the expanding global population is putting on agriculture to boost crop yields. It is becoming simpler and more affordable to gather and analyze crop data as a result of the development of new sensors and drones for crop monitoring, as well as the improvement of data analytics and machine learning. To increase agricultural yields and use fewer chemical inputs, many governments are making investments in precision agriculture and smart crop monitoring.
Sensitive data must be gathered for smart agricultural monitoring, and there are worries about how this data will be used, shared, and preserved. It is challenging to compare data across various systems and farms due to a lack of uniformity in the data collection and analysis processes. The cost of smart crop monitoring devices can make it challenging for small farmers to adopt the technology. Farmers who lack the requisite technical experience may find it difficult to use the technology due to its complexity and operational and maintenance requirements.
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