Edison, NJ -- (SBWire) -- 09/04/2020 --A new independent 200 page research with title 'Global Crop Monitoring Market Size study, by Offering (Hardware, Software, Services), Technology (Sensing & Imagery, VRT, Automation and Robotics), Application (Field Mapping, Soil Monitoring, Crop Scouting, Yield mapping and monitoring, Others), Farm Size (Small, medium, large) and Regional Forecasts 2020-2027' is a perfect blend of quant and qualitative data to make better informed study to analyze competition. The study covers geographic analysis that includes regions like Asia Pacific, North America, Europe, Latin America and Rest of the World and important players/vendors such as Trimble Inc, Topcon Corporation, Yara International, The Climate Corporation, CropX Technologies, Cropio, Earth Observing System, PrecisionHawk, AG Leader Technology Inc, Taranis etc. The research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2026
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Summary
Global Crop Monitoring Market is valued approximately at USD 2.0 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 15.21% over the forecast period 2020-2027. Crop monitoring technology allows real time crop vegetation monitoring by the use of spectral analysis of high-resolution images for different fields and crops. The monitoring eases tracking of positive and negative dynamics of crop development. With the development in technology the demand for crop monitoring surges providing the finest use of geospatial technologies and site specific crop management practices. The union of IT with agriculture coupled with government initiatives and decline in sensor prices drives the market growth. According to the Farm Profits and Adoption of Precision Agriculture study in 2017, yield mapping is used on about 40% of US corn and soybean acres, GPS soil maps on about 30%, guidance on over 50%, and VRT on 28-34% of acres. Further, the Penetration of AI and IoT in the agriculture fuels the market growth as these technologies use smart sensors providing a connected environment along with remote monitoring capabilities resulting in higher adoption of devices. As per Statista, the global Agriculture IoT penetration in precision farming accounted to 38.93% and is projected to reach 39.49% by 2023. However, Lower penetration of advanced agriculture technologies impedes the growth of the market over the forecast period of 2020-2027. Although, boost of digitization plan in agriculture sector presents a lucrative opportunity for the market.
The regional analysis of global Crop Monitoring market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing adoption of modern agricultural practices in the region and presence of majority of the market players.. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising investments in agriculture would create lucrative growth prospects for the Crop Monitoring market across Asia-Pacific region.
Major market player included in this report are:
Trimble Inc, Topcon Corporation, Yara International, The Climate Corporation, CropX Technologies, Cropio, Earth Observing System, PrecisionHawk, AG Leader Technology Inc, Taranis
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Offering: Hardware, Software, Services
By Technology: Sensing & Imagery, Variable Rate Technology (VRT), Automation and Robotics
By Application: Field Mapping, Soil Monitoring, Crop Scouting, Yield mapping and monitoring, Others
By Farm Size: Small, Medium, Large
By Region:
North America (U.S., Canada)
Europe (UK, Germany)
Asia Pacific (China, India, Japan)
Latin America (Brazil, Mexico)
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Crop Monitoring Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Crop Monitoring Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Crop Monitoring Market Dynamics
3.1. Crop Monitoring Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Crop Monitoring Market: Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Crop Monitoring Market, by Offering
5.1. Market Snapshot
5.2. Global Crop Monitoring Market by Offering, Performance - Potential Analysis
5.3. Global Crop Monitoring Market Estimates & Forecasts by Offering 2017-2027 (USD Billion)
5.4. Crop Monitoring Market, Sub Segment Analysis
....Continued
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