The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction: A Thriving Landscape

• Robust growth: Market size reached $2.86 billion in 2023.
• Expected growth to $3.32 billion in 2024.
• CAGR: 16.0%.
• Historical drivers: Food security, environmental concerns, government initiatives, data analytics, AI.

Charting a Path Forward: Forecasted Expansion

• Projected growth to $5.97 billion by 2028.
• CAGR: 15.8%.
• Forecasted drivers: Precision agriculture adoption, climate change mitigation, organic farming demand.
• Major trends: Market expansion, IoT and big data integration, partnerships, AI and machine learning, farm-to-table traceability.

Internet Of Things (IOT) Device Adoption Fuels Growth

• Role of IoT devices in crop monitoring.
• Definition and significance of IoT devices.
• Example: Expected reach of 24.1 billion IoT devices by 2030, as per CRO Forum (2022).
• Anticipated growth in IoT device adoption according to Exploding Topics by March 2023.
• Impact of IoT device adoption on crop monitoring market growth.

View More On The Crop Monitoring Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/crop-monitoring-global-market-report

Innovative Technology Advancements In Crop Monitoring

• Innovation in crop monitoring technology, such as robots.
• Introduction of autonomous crop monitoring robots.
• Example: Solix robot launched by Solinftec in May 2022, equipped with AI and sensors for real-time insights.
• CropX Inc.’s acquisition of Dacom Farm Intelligence B. V. in August 2021.
• Aim: Expanding crop protection capabilities and service area.

Segmentation and Market Dynamics

• Offering segmentation: Hardware, software, services.
• Farm type segmentation: Small, medium, large-sized farms.
• Technology segmentation: Variable rate technology, sensing and imagery, automation and robotics.
• Application segmentation: Field mapping, crop scouting, soil monitoring, yield mapping, variable rate application, weather tracking.
• North America led in 2023; Asia-Pacific expected to grow fastest

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The Crop Monitoring Global Market Report 2024  provides comprehensive insights on the crop monitoring market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the crop monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Digital Farming Global Market Report 2024
Crop Micronutrients Global Market Report 2024
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