Lucintel Forecasts Smart Crop Monitoring Market to Reach $XX Billion by 2028

According to the recent study the smart crop monitoring market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 12% to 14% from 2023 to 2028. Growth in this market is primarily driven by high yield compare to conventional farming methods, growing need for IoT and automation in the agriculture sector, and increasing adoption of advanced technologies to reduce crop loss.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in smart crop monitoring market by application (field mapping, soil monitoring, crop scouting and monitoring, yield mapping and monitoring, variable rate application, weather tracking & forecasting, and others), technology (sensing and imagery, automation and robotics, variable-rate technology, and guidance technology), product offering (hardware, software, and services), farm type (small, medium and large), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Services market is expected to remain the largest segment during the forecast period.”

Based on product offering, the smart crop monitoring market is segmented into hardware, software, and services. Lucintel forecasts that the services market is expected to remain the largest segment due to the growing demand for smart crop monitoring services for advisories and consultations by end use industries.

“Within the smart crop monitoring market, the yield mapping and monitoring segment is expected to remain the largest application”

Based on application the yield mapping and monitoring segment is expected to witness the highest growth over the forecast period due to the growing demand for monitoring crop growth in order to identify underperforming areas and rising need to reduce overall waste by providing needed water and minerals on time.

“North America will dominate the smart crop monitoring market in near future”

North America will remain the largest region due to the presence of numerous agricultural firms, growing concern regarding food safety and security, and rising government initiatives and regulations to enhance the agriculture industry in the region.

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Major players of smart crop monitoring market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Ag Leader Technology, AGCO Corporation, AgJunction. AgEagle Aerial Systems, Autonomous Solutions, Argus Control Systems, and BouMatic Robotic are among the major smart crop monitoring providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or [email protected]

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