Global Remote Sensing Technology for Agriculture Market Size and Forecast 2024-2033|Yara International ASA, Koch Ag & Energy Solutions, Coromandel International Limited, Agriculture Solutions Inc., Hafia Groups

The Remote Sensing Technology for Agriculture by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Remote Sensing Technology for Agriculture, The remote sensing technology for agriculture market size has grown strongly in recent years. It will grow from $1.82 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%.  The  growth in the historic period can be attributed to integration of geographic information systems (gis), rise of satellite-based solutions, development of unmanned aerial vehicles (uavs), evolution of image processing techniques, precision agriculture initiatives.

The remote sensing technology for agriculture market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.  The growth in the forecast period can be attributed to government investment and initiatives, focus on sustainable agriculture, iot and sensor integration, precision agriculture adoption, enhanced satellite imaging services.. Major trends in the forecast period include government initiatives and support, emergence of big data analytics, expansion of iot in agriculture, focus on precision agriculture, development of satellite-based solutions.

The rising implementation of the agricultural sector is expected to propel the growth of remote sensing technology for the agriculture market going forward. The agricultural sector refers to the cultivation of the soil for growing businesses that are primarily engaged in growing crops. Remote sensing technology for agriculture is used to increase farm output by improving soil properties, and crop species, and monitoring weeds and crop diseases. For instance, in December 2022, according to the United States Department Of Agriculture, a US-based federal agency, the agriculture service contributed 1.264 trillion to the gross domestic product (GDP), and its share was 0.7 in 2021, in order to add value to the economy. Therefore, the rising implementation of the agricultural sector drives remote sensing technology for the agriculture market.

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The remote sensing technology for agriculture market covered in this report is segmented –

1) By Component: Hardware, Software, Services

2) By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Inventory Management, Farm Labour Management, Other Applications

Strategic partnerships are a key trend gaining popularity in the remote sensing technology for the agriculture market. Major companies operating in the remote sensing technology for the agriculture market are undergoing partnerships to develop agricultural practices. For instance, in January 2022, General Mills Inc., a US-based multinational manufacturer firm, partnered with Regrow Agriculture Inc., a UK-based remote sensing technology company for agriculture. This partnership aims to monitor agricultural practices and grow their opportunities globally. Furthermore, in February 2023, EOS Data Analytics (EOSDA), a US-based provider of AI-powered satellite imagery analytics partnered with Agrvision. This partnership aims to address important ecological, agricultural, and sustainability concerns while advancing the regenerative agriculture ambitions of participating farmers. This partnership is to help local farmers make educated decisions about crop growth and provide them with knowledge about agricultural analytics and remote sensing technologies. Agrvision is a Kenya-based company that provides agri-tech solutions to the agriculture and forestry markets.

The remote sensing technology for agriculture market report table of contents includes:

1. Executive Summary

2. Remote Sensing Technology for Agriculture Market Characteristics

3. Remote Sensing Technology for Agriculture Market Trends And Strategies

4. Remote Sensing Technology for Agriculture Market – Macro Economic Scenario

5. Global Remote Sensing Technology for Agriculture Market Size and Growth

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26. South America Remote Sensing Technology for Agriculture Market

27. Brazil Remote Sensing Technology for Agriculture Market

28. Middle East Remote Sensing Technology for Agriculture Market

29. Africa Remote Sensing Technology for Agriculture Market

30. Remote Sensing Technology for Agriculture Market Competitive Landscape And Company Profiles

Top Major Players:

• Yara International ASA
• Koch Ag & Energy Solutions
• Coromandel International Limited
• Agriculture Solutions Inc.
• Hafia Groups

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