Authored By: Sarah
11 Jul 2024

 Crop Monitoring Devices Market Size to grow by USD 762.17 million between 2024-2028

According to a research report “ Crop Monitoring Devices Market” by Area (Medium-sized, Large-sized, Small-sized) Product (Sensing and monitoring devices, Automation and control, Drones and others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 762.17 million, at a CAGR of  7.74% during the forecast period. Crop monitoring devices offer farmers significant advantages by automating various farming tasks, thereby reducing the need for manual labor. This labor savings translates into increased productivity and operational efficiency for farmers. By deploying multiple self-driving vehicles, farmers can also reap economies of scale, enhancing their overall business efficiency. The agricultural sector's modernization through mechanization is a global trend, with machines increasingly replacing human labor in farming activities. Efficient utilization of farm implements is crucial to maximizing farm productivity, making crop monitoring devices an essential investment for modern farmers.

Browse market data tables, figures, and in-depth TOC on “Crop Monitoring Devices Market” by Area (Medium-sized, Large-sized, Small-sized) Product (Sensing and monitoring devices, Automation and control, Drones and others) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Area, the Medium-sized segment is projected to dominate the market size in 2024

In the agricultural sector, crop monitoring devices play a pivotal role in optimizing farming operations and enhancing crop yields. These devices incorporate advanced sensing and monitoring technologies, including soil moisture sensors, nutrient sensors, crop health sensors, optical sensors, airflow sensors, and electrochemical sensors. Soil moisture sensors, for instance, measure the dielectric constant of soil to provide real-time data on soil moisture levels, enabling farmers to effectively manage irrigation systems and agricultural conditions. Nutrient sensors, on the other hand, determine the concentration of essential nutrients and water in the soil, allowing farmers to make informed decisions regarding crop selection and cultivation. By integrating these sensors into their farming practices, farmers can significantly improve crop productivity and efficiency.

By Product, Sensing and monitoring devices  segment is expected to hold the largest market size for the year 2024

Medium-sized agricultural holdings have experienced substantial expansion over the past decade, particularly in Africa, where they now account for approximately 20% of Kenya's agricultural land, 32% of Ghana's, 39% of Tanzania's, and over 50% of Zambia's agricultural land. The global proliferation of medium-sized farms is accelerating, driven by urban-based professionals and influential rural interests linked to burgeoning urban populations and escalating food demand. These factors are poised to fuel the expansion of the medium-sized farms segment in the global crop monitoring devices market during the forecast period.

North America is forecasted to hold the largest market size by region in 2024

The crop monitoring devices market in North America is experiencing significant growth due to increasing government initiatives and advanced agricultural infrastructure. For instance, the National Institute of Food and Agriculture (NIFA), a division of the United States Department of Agriculture (USDA), is spearheading geospatial, sensor, and precision technology projects to promote modern agriculture among farmers. Furthermore, the adoption of cloud-based technology, the rising trend of smart farming practices to boost productivity, and the escalating food demand fuel market expansion in the region. In Canada, the government is actively supporting precision agriculture through financial incentives, further propelling market growth.

The Crop Monitoring Devices Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Ag Leader Technology
  • AGCO Corp.
  • Chengdu JOUAV Automation Tech Co. Ltd.
  • CNH Industrial NV
  • CropX Technologies Ltd.
  • Deere and Co.
  • Hunan Rika Electronic Tech Co. Ltd.
  • Libelium Comunicaciones Distribuidas SL
  • MaxBotix Inc.
  • Meropy
  • METOS
  • Parrot Drones SAS
  • Sentera Inc.
  • Supertech Agroline ApS
  • Swift Sensors BV
  • Topcon Corp.
  • Trimble Inc.
  • TSI Inc.
  • Vyaprut Pvt. Ltd.
  • Yara International ASA
.

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Research Analysis Overview

The Crop Monitoring Devices Market is witnessing significant growth due to the adoption of advanced technologies such as intelligent sensors, automation, and robotics in agriculture. Intelligent sensors enable real-time monitoring of crop health, soil moisture, and weather conditions, providing farmers with valuable data to optimize irrigation, fertilizer application, and pest management. Government reforms in the APAC region, particularly in Southeast Asian countries, are driving the demand for crop monitoring devices as they focus on increasing farm productivity and profitability. Companies like AGCO, John Deere, and Trimble are leading the market with their manufacturing facilities and tech-savvy offerings. Medium-sized farms in both urban and rural areas are benefiting from economies of scale and digitization, making crop monitoring devices an essential investment. However, the labor shortage and digital divide in some regions pose challenges for the widespread adoption of these technologies among unskilled farmers. Advance technologies like automation and robotics are expected to revolutionize the crop monitoring market, providing solutions for large-scale farming operations. Despite the initial investment, the long-term returns and increased farm productivity make crop monitoring devices a worthwhile investment for farmers.

Market Research Overview

The Crop Monitoring Devices Market is witnessing significant advancements with the integration of technology in agriculture. These devices help farmers in real-time monitoring of harvests, irrigation, yields, soil quality, air temperature, humidity, and other crucial factors that impact crop growth. Remote sensors and smart sensors play a pivotal role in this regard, providing data-driven insights through IoT, AI-based devices, and computer and smartphone applications. Soil probes and sensors measure moisture levels, temperatures, and other vital parameters, enabling farmers to make timely adjustments for optimal agricultural management. Companies like Sensoterra offer intelligent sensor solutions that provide real-time information on soil moisture, water levels, fuel levels, weather status, and in-field crop health. The adoption of these crop monitoring solutions is driven by the need for safety, food security, and farm monitoring. The APAC region, with its large agricultural workforce and significant crop losses due to weather and other factors, is a major market for these devices. Major players in the market include AGCO, John Deere, and Trimble, among others. Medium-sized farms are increasingly adopting these technologies to achieve economies of scale and profitability. However, the digital divide between tech-savvy farmers in urban areas and unskilled farmers in rural areas remains a challenge. The use of automation and robotics, digital agriculture, and manufacturing facilities are key trends in the market, driven by labor shortages and the need for automation. Government reforms and advance technologies are expected to further fuel the growth of the crop monitoring devices market.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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