How much is the yield monitoring system market worth, and how is it expected to expand?
The yield monitoring system market size has grown rapidly in recent years. It will grow from $3.04 $ billion in 2024 to $3.36 $ billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increase adoption of precision farming techniques, increase demand for food due to population growth, rise in need for real time data analytics in agriculture, growth in demand for sustainable agricultural practices, and increase in awareness among farmers about the benefits of yield monitoring systems.
The yield monitoring system market size is expected to see rapid growth in the next few years. It will grow to $4.96 $ billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to rising adoption of advanced analytics in farming, growing farm automation technologies, rising need for improved crop management solutions, growing government support for smart farming, and rising awareness of data accuracy in yield prediction. Major trends in the forecast period include adoption of advanced sensors, advancements in GPS technology, development of user friendly interfaces, integration with precision agriculture tools, and development of advanced calibration techniques.
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Which industry factors have accelerated the yield monitoring system market’s expansion?
The increasing agricultural productivity is expected to propel the growth of the yield monitoring system market going forward. Agricultural productivity is gaining traction with advances in technology, efficient farming practices, improved crop varieties, access to quality inputs, and adequate land and water management. Agricultural productivity enhances the effectiveness of a yield monitoring system by providing more accurate and abundant data, allowing the system to fine-tune its measurements, improve predictive models, and offer better insights for future planting and management decisions, ultimately leading to further optimization of farming practices. For instance, in January 2024, according to the United States Department of Agriculture, the federal executive department responsible for developing and executing federal laws, the average yield for all United States rice was estimated at 7,649 pounds per acre in 2023, up 264 pounds from the 2022 average yield of 7,385 pounds per acre. Therefore, increasing agricultural productivity is driving the yield monitoring system market.
What are the primary segments of the yield monitoring system market?
The yield monitoring systemmarket covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Guidance System, Remote Sensing
3) By Application: Variable Rate Application, Crop Scouting, Field Mapping, Yield Mapping, Other Applications
4) By End User: Farmers, Agriculture Consultant, Research Bodies, Other End-Users
Subsegments:
1) Hardware: Sensors, Data Loggers, Displays, Controllers
2) Software: Yield Mapping Software, Data Analysis Software, Mobile Applications
3) Services: Installation Services, Maintenance Services, Consulting Services
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Which firms are leading the yield monitoring system market?
Major companies operating in the yield monitoring system market are Deere & Company, Yara International ASA, CNH Industrial N.V, AGCO Corporation, GEA Group AG, Hexagon AB, Trimble Inc., Helena Agri-Enterprises LLC, Mouser Electronics Inc., DeLaval Inc., Topcon Corporation, Kverneland Group, Raven Industries Inc., Iteris Inc., Precision Planting LLC, CLAAS KGaA mbH, Ag Leader Technology, Grains Research and Development Corporation, Farmers Edge Inc., Taranis, CropX Inc., AgEagle Aerial Systems Inc., Conservis Corporation, Sentek Technologies Pty Ltd, SPL Technologies Pvt. Ltd
Which market trends are set to define the future of the yield monitoring system market?
Major companies operating in the yield monitoring system market are developing climate view tracker to enhance agricultural efficiency by integrating climate data for improved crop yield analysis. A climate view tracker is a tool that tracks and analyses environmental conditions to optimize crop performance. It helps enhance productivity by providing real-time climate data and insights. For instance, in April 2024, ClimateAi, a US-based technology company, launched climateLens monitor yield outlook, a platform providing weekly, climate-driven yield forecasts for key crops and insights into climate factors affecting their variability. This solution provides precise, actionable updates more frequently than traditional reports using powerful machine learning and agronomic risk expertise. Yield monitoring systems are significant in the market because they improve decision-making due to increased climatic volatility.
Which geographic trends are shaping the yield monitoring system market, and which region has the highest market share?
North America was the largest region in the yield monitoring system market in 2024. The regions covered in the yield monitoring system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Yield Monitoring System Market Report 2025 Offer?
The yield monitoring system market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Yield monitoring system refers to an agricultural technology that tracks and measures crop yields in real time, providing insights into field variability and performance. It is used to optimize field management, enhance efficiency, and improve yield predictions, ultimately boosting profitability through data driven decisions.
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