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What is the Expected Market Size and Growth Rates of Global Crop Monitoring Market?
The crop monitoring market size has seen a robust growth in recent years. From a market size of $3.3 billion in 2024, it is projected to grow to $3.83 billion in 2025 exhibiting a compound annual growth rate (CAGR) of 16.1%. This notable growth in the historical period can be attributed to factors such as rising need for food security, environmental concerns, government initiatives and an increased integration of data analytics and artificial intelligence.
The crop monitoring market size is set to see a further surge in the forthcoming years, increasing to $7 billion by 2029, growing at a CAGR of 16.3%. The anticipation of this growth over the forecast period is driven by the adoption of precision agriculture, steps towards climate change mitigation and the escalating demand for organic farming. Several emerging trends such as market expansion, integration with IoT and big data, partnerships and collaborations, AI and machine learning, and farm-to-table traceability are also expected to drive market growth.
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Which Factors are Fueling the Growth of Crop Monitoring Market?
The exponential adoption of Internet of Things (IoT) devices is expected to fuel the growth of the crop monitoring market in the forthcoming years. IoT devices, embedded with sensors, software, and connectivity capabilities, enable the collection and exchange of data over the internet, transforming agricultural practices and crop management. These devices provide farmers with valuable insights, aiding informed decision making, optimization of resource use, and maximization of crop yield. An expected proliferation of 24.1 billion IoT by 2030 will further spur the growth of the crop monitoring market.
What are the Major Segments within the Crop Monitoring Market?
The Crop Monitoring Market report covers the following key segments:
1) By Offering:
– Hardware
– Software
– Services
2) By Farm Type:
– Small Sized Farms
– Medium Sized Farms
– Large Sized Farms
3) By Technology:
– Variable Rate Technology
– Sensing And Imagery
– Automation And Robotics
4) By Application:
– Field Mapping
– Crop Scouting And Monitoring
– Soil Monitoring
– Yield Mapping And Monitoring
– Variable Rate Application
– Weather Tracking And Forecasting
– Other Applications
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Who are the Major Players in the Crop Monitoring Market?
Key players operating in the crop monitoring market include Topcon Corporation, Trimble Inc., The Climate Corporation (a subsidiary of Bayer AG), Yara International ASA, CropX Technologies Inc., Cropio LLC, Earth Observing System Inc., PrecisionHawk Inc., Ag Leader Technology Inc., Taranis-Visual Ltd., Monsanto Company., Deere & Company, AGCO Corporation, Kubota Corporation, Iteris Inc., Farmers Edge Inc., Granular Inc., Sentera LLC, SlantRange Inc., MicaSense Inc., Gamaya SA, AgEagle Aerial Systems Inc., Resson Aerospace Corporation, EOS Data Analytics Inc., Teralytic Inc., Arable Labs Inc., FieldIn Ltd., CropMetrics LLC, Ripe Technology Inc., Terranis Systems GmbH, Hummingbird Technologies Limited, Agribotix LLC, CropIn Technology Solutions Pvt. Ltd., agriXP Inc.
What Trends are Emerging in the Crop Monitoring Market?
One of the emerging trends in the crop monitoring market is the innovation of new technology such as autonomous crop monitoring robots. These robots, powered with artificial intelligence, provide real-time insight into fields, enhancing productivity and efficiency. The launch of Solix, a solar-powered robot with AI technology and onboard camera and sensor by Solinftec, a Brazilian ag-tech company, in May 2022 is a testament to this emerging trend.
What is the Regional Analysis of the Crop Monitoring Market?
North America held the largest share in the crop monitoring market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The other regions featured in the crop monitoring market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Crop Monitoring Market Report 2025 Offer?
Crop monitoring refers to a meticulous examination of crops to manage potential threats such as pests, weeds or illnesses. This provides current insights into crop health and helps predict future issues, enabling proactive management. With global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities, The Crop Monitoring Market research report from The Business Research Company can offer precious insights and opportunities to end-users.
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