세계 스마트 작물 모니터링 시장 규모는 2022년 27억 8,000만 달러에서 예측 기간 동안 16.90%의 CAGR을 나타내고, 2028년에는 71억 6,000만 달러 규모로 성장할 것으로 예상됩니다.
농업의 작물 수확량 최적화와 자원의 효율적 활용에 대한 수요 증가로 인해 이 시장의 성장이 기대되고 있습니다.
또한 AI, 머신러닝, 원격 감지 등의 기술 발전도 시장 성장을 더욱 촉진할 것으로 예상됩니다.
세계 인구 증가와 급격한 도시화로 인한 농지 감소는 스마트 작물 모니터링 솔루션에 대한 수요를 촉진하는 주요 요인입니다. 경작지가 줄어들면서 농업 부문은 한정된 공간에서 생산성을 높여야 하는 과제에 직면해 있습니다. 정밀농업과 IoT를 활용한 스마트 작물 모니터링 기술은 농부들이 한정된 공간에서 수확량을 극대화할 수 있도록 돕습니다. 또한, 작물의 건강 상태, 토양 상태, 환경 요인을 정확하게 분석하여 자원 활용을 최적화하고 단위 면적당 생산성을 확실히 향상시킬 수 있습니다. 이러한 효율성은 귀중한 농업 자원을 절약하고 환경에 미치는 영향을 최소화하면서 증가하는 인구의 식량 수요를 충족시키는 데 매우 중요하며, 작물 모니터링은 현대 농업에 필수적인 도구가 되고 있습니다.
세계의 스마트 작물 모니터링 시장을 조사했으며, 시장 개요, 시장 성장에 영향을 미치는 각종 영향요인 분석, 규제 환경, 시장 규모 추이 및 예측, 각종 부문별/지역별/주요 국가별 상세 분석, 경쟁 구도, 주요 기업 분석 등의 정보를 정리하여 전해드립니다.
| 주요 시장 통계 | |
|---|---|
| 예측 기간 | 2023-2028년 |
| 2023년 평가 | 32억 8,000만 달러 |
| 2028년 예측 | 71억 6,000만 달러 |
| CAGR | 16.9% |
“Global Smart Crop Monitoring Market Expected to Reach $7.16 Billion by 2028.”
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2023 - 2028 |
| 2023 Evaluation | $3.28 Billion |
| 2028 Forecast | $7.16 Billion |
| CAGR | 16.9% |
The global smart crop monitoring market was valued at $2.78 billion in 2022, and it is expected to grow with a CAGR of 16.90% during the forecast period 2023-2028 to reach $7.16 billion by 2028. This growth of the crop monitoring market is likely to be driven by the increasing demand for optimized crop yields and efficient use of resources in agriculture. Additionally, advancements in technologies such as AI, machine learning, and remote sensing are expected to further propel crop monitoring growth.
Smart crop monitoring refers to the utilization of advanced technologies, including satellite imagery, drones, sensors, and data analytics, to monitor and manage agricultural crops in a precise and efficient manner. It involves real-time data collection, analysis, and interpretation to optimize various aspects of farming, such as irrigation, pest management, fertilizer application, and overall crop health. Crop health monitoring enables farmers to make informed decisions, enhance productivity, conserve resources, and adopt sustainable agricultural practices, ultimately leading to increased yields and reduced environmental impact.
According to the USDA, approximately 1 billion pounds of conventional pesticides are utilized annually in the U.S. to manage weeds, insects, and other pests. Despite this substantial use of pesticides and herbicides, agricultural production has seen only marginal growth. A significant portion of these pesticides goes to waste due to uniform spraying methods.
With smart crop scouting and smart spraying, there is vast potential for input optimization and improved crop yields. By applying inputs such as pesticides and herbicides more precisely, farmers can ensure that they are used efficiently and effectively, reducing waste and potentially increasing crop yields.
The demand for smart crop monitoring is expected to grow in response to these challenges. These technologies can provide real-time data on crop health and soil conditions, enabling farmers to apply inputs more accurately and at the optimal time. This not only reduces wastage but also improves crop health and yield.
In 2022, the global smart crop monitoring industry reached a valuation of $2.78 billion. Over the forecast period, the market is projected to exhibit a CAGR of 16.9%, ultimately reaching a value of $7.16 billion by 2028. The shrinking availability of agricultural land due to rapid urbanization, combined with the burgeoning global population, is a significant catalyst driving the demand for smart crop monitoring solutions. As arable land diminishes, the agricultural sector faces intensified pressure to enhance productivity from limited space. Smart crop monitoring technologies, leveraging precision agriculture and IoT, enable farmers to maximize yields within confined areas. By precisely analyzing crop health, soil conditions, and environmental factors, these solutions optimize resource usage, ensuring higher productivity per unit of land. This efficiency is crucial for meeting the increasing food demands of a growing population while conserving valuable agricultural resources and minimizing environmental impact, making crop monitoring an essential tool in modern agriculture.
Based on application, the disease and pest detection segment is anticipated to drive the highest demand for smart crop monitoring market throughout the forecast period. With agriculture facing constant threats from diseases and pests that can devastate crops, early detection and swift action are imperative. Crop monitoring solutions equipped with advanced sensors, AI-driven analytics, and data processing capabilities enable real-time monitoring of crops. By identifying signs of diseases or pest infestations promptly, farmers can take proactive measures, preventing extensive damage and ensuring healthy yields. This critical application underscores the pivotal role smart crop monitoring plays in ensuring crop protection, enhancing agricultural productivity, and safeguarding global food supply chains.
Moreover, the integration of these applications with other smart farming technologies, such as remote sensing and machine learning, can provide farmers with more accurate and timely information about the health of their crops. This can enable them to take proactive measures to manage pests and diseases, further driving the demand for crop health monitoring solutions.
The demand for smart crop monitoring in the context of crop insurance is poised to experience substantial growth over the forecast period. Smart crop monitoring technologies, including satellite imagery, IoT devices, and data analytics, offer precise and real-time insights into crop health, yield forecasts, and potential risks. Insurers can leverage this data to assess risks accurately, streamline underwriting processes, and offer customized insurance policies to farmers. By integrating remote monitoring solutions, insurance companies can enhance their ability to evaluate claims efficiently, reduce fraudulent activities, and provide timely support to farmers impacted by various agricultural risks.
Based on product, the drones segment is poised for significant growth in the near future. Drones equipped with advanced sensors and imaging technologies offer farmers a bird's-eye view of their fields, enabling precise crop health assessments, pest detection, and yield predictions. This technology revolutionizes traditional farming methods by providing real-time data for informed decision-making. With the ability to cover large agricultural areas swiftly and efficiently, drones enhance productivity, optimize resource usage, and contribute to sustainable farming practices. The increasing adoption of drones in agriculture underscores their potential to revolutionize the industry, making them a key player in the future of smart crop monitoring.
The added advantage of handheld devices in smart crop monitoring is their cost-effectiveness compared to other monitoring products. Their affordability makes advanced technology accessible to a wider range of farmers, promoting widespread adoption. This cost efficiency ensures that even small-scale farmers can leverage cutting-edge solutions, enhancing agricultural practices without imposing a significant financial burden. Handheld devices democratize access to precision agriculture tools, fostering sustainability and innovation across diverse farming communities.
Europe and North America dominate the smart crop monitoring industry due to their advanced agricultural infrastructure, technological innovation, and robust investment in precision farming. The growing emphasis on sustainable agriculture and the integration of IoT and AI technologies are driving substantial growth in these regions. With ongoing advancements and supportive policies, both Europe and North America are poised for significant expansion in smart crop monitoring solutions, ensuring efficient and eco-friendly farming practices in the future.
Asia-Pacific's dominance in the smart crop monitoring market is propelled by its dynamic agricultural landscape and the urgent need for sustainable practices. With diverse climates and varying farming challenges, the region leverages smart technologies to optimize crop management. Factors such as population growth, food security concerns, and environmental sustainability drive the adoption of smart crop monitoring solutions. Countries such as India, Australia, and Japan are pioneering precision agriculture, employing IoT, drones, and data analytics for informed decision-making. As governments promote digital agriculture initiatives, Asia-Pacific is poised to experience substantial market growth, fostering efficient and eco-conscious farming practices.
Input optimization in agriculture is crucial for enhancing productivity, reducing costs, promoting sustainability, and mitigating the impacts of global challenges such as climate change and resource scarcity.
The growth of smart crop monitoring is hampered significantly by challenges related to a lack of connectivity and technical awareness. In many agricultural regions, especially in developing countries, limited internet connectivity obstructs the seamless flow of data crucial for smart monitoring systems. The absence of robust network infrastructure impedes real-time data transmission, hindering farmers from accessing timely insights.
Furthermore, a lack of technical awareness among farmers and agricultural communities acts as a barrier. Many farmers, especially those in remote areas, may not be well-versed in the operation and benefits of smart crop monitoring technologies. This knowledge gap prevents them from adopting advanced monitoring solutions effectively, limiting the widespread implementation of these innovative tools. Bridging these gaps through awareness campaigns, improved connectivity, and user-friendly interfaces is essential to unlock the full potential of smart crop monitoring in global agriculture.
The growing global focus on sustainability presents a significant opportunity for the smart crop monitoring market and its solution providers. With increasing concerns about environmental impact and resource conservation, there is a rising demand for precision agriculture technologies that optimize resource usage and minimize ecological footprint. Smart crop monitoring, equipped with advanced sensors, IoT devices, and data analytics, enables farmers to make data-driven decisions. By precisely monitoring crops, water usage, and pesticide application, farmers can minimize wastage, conserve resources, and reduce the overall environmental impact of farming practices.
For smart crop monitoring solution providers, this trend translates into a growing market for their technologies and services. Farmers and agricultural enterprises are actively seeking sustainable practices and technologies that align with environmental regulations and consumer preferences for eco-friendly products. Smart crop monitoring solutions not only enhance crop yields and quality but also support sustainable farming practices. Providers offering innovative, eco-conscious solutions tailored to different agricultural needs stand to capitalize on this trend. Emphasizing the environmental benefits and long-term sustainability of their offerings can attract environmentally conscious farmers, driving the adoption of smart crop monitoring technologies in the agriculture sector.
Product/Innovation Strategy: In the realm of smart crop monitoring, technological advancements are transforming agricultural landscapes. Smart crop monitoring solutions utilize diverse technologies such as IoT sensors, drones, and data analytics. These tools offer precise insights into crop health, optimizing irrigation, pest management, and harvest times. Innovations such as satellite imaging and remote sensing provide a holistic view of fields, empowering farmers to make informed decisions. The market encompasses a range of solutions, from real-time monitoring platforms to AI-driven predictive analysis, enabling farmers to enhance productivity and reduce resource wastage significantly.
Growth/Marketing Strategy: The smart crop monitoring market has witnessed remarkable growth strategies by key players. Business expansions, collaborations, and partnerships have been pivotal. Companies are venturing into global markets, forging alliances, and engaging in research collaborations to enhance their technological prowess. Collaborative efforts between tech companies and agricultural experts are driving the development of cutting-edge monitoring tools. Additionally, strategic joint ventures are fostering the integration of diverse expertise, amplifying the market presence of these solutions. This collaborative approach is instrumental in developing comprehensive, user-friendly, and efficient smart crop monitoring systems.
Competitive Strategy: In the competitive landscape of smart crop monitoring, manufacturers are diversifying their product portfolios to cover various crops and farming practices. Market segments include soil analysis tools, disease detection systems, and climate analysis solutions. Competitive benchmarking illuminates the strengths of market players, emphasizing their unique offerings and regional strengths. Partnerships with research institutions and agricultural organizations are driving innovation.
The primary sources involve the smart crop monitoring industry experts and stakeholders such as data suppliers, platform developers, and service providers. Respondents such as vice presidents, CEOs, marketing directors, and technology and innovation directors have been interviewed to verify this research study's qualitative and quantitative aspects.
The key data points taken from primary sources include:
This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market.
Secondary research was done to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.
The featured companies have been meticulously chosen, drawing insights from primary experts and thorough evaluations of company coverage, product offerings, and market presence.
Among the prominent players in the global smart crop monitoring market, private ventures and innovative startups dominate, commanding approximately 85% of the market share in 2021. The remaining 15% is held by public enterprises.
Company Type 1: Public Companies
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Company Type 2: Private Companies
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