Meticulous Research®, a prominent leader in global market research, has published an exclusive report titled "Crop Monitoring Market by Offering, Technology (Remote Sensing, AI & Computer Vision, Automation & Robotics, Others), Farm Type, Application (Yield Monitoring, Crop Scouting, Nutrient Monitoring, Others), and Geography - Global Forecast to 2030.”

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According to the report, the global crop monitoring market is projected to grow to $8.9 billion by 2030, achieving a robust CAGR of 19.3% during the forecast period. This growth is driven by the increasing adoption of remote sensing technologies in precision farming, supportive government initiatives promoting IoT in agriculture, and rising global demand for high-quality agricultural products. Despite these positive trends, challenges such as high costs of advanced agricultural equipment and stringent government regulations may hinder market growth.

The report highlights the growing integration of AI and IoT technologies in crop monitoring devices, along with advancements in mapping and navigation solutions, which are expected to create significant growth opportunities. However, obstacles like limited technical knowledge among farmers and low adoption rates of agricultural technologies in developing regions could impede market expansion.

Market Segmentation and Insights:
Meticulous Research® has segmented the crop monitoring market based on offering, technology, farm type, application, and geography to provide comprehensive analysis:
By Offering: The market includes hardware, software, and services. The hardware segment is anticipated to dominate in 2023, driven by rapid automation of agricultural processes, increased use of drones for yield monitoring, and rising labor costs. Notably, XAG Co., Ltd. (China) introduced the V40 and P40 agricultural drones in November 2021, enhancing yield monitoring and cost efficiency.
By Technology: Segments include remote sensing, AI & computer vision, IoT, cloud technologies, big data, automation & robotics, and others. The remote sensing segment is expected to hold the largest market share in 2023, driven by decreasing sensor costs and increased government investments in farm automation systems. For instance, Farmsense (U.S.) launched the FlightSensor in June 2022, a real-time pest monitoring system improving pest management and crop yield optimization.
By Farm Type: Segmented into small farms (less than 2 hectares), medium farms (2-10 hectares), and large farms (more than 10 hectares). Large farms are projected to lead the market in 2023 due to higher adoption of advanced technologies enabling precise health, growth, and yield assessments over extensive land areas.

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By Application: Segments include yield monitoring, field mapping, crop scouting, nutrient monitoring, pest control, and others. Yield monitoring is expected to dominate in 2023, driven by increasing adoption of precision farming practices, rising food consumption due to population growth, and government subsidies aimed at enhancing agricultural profitability. NASA’s partnership with CropX Inc. (Israel) in March 2021 exemplifies efforts to support sustainable agriculture and improve crop yields.

By Geography: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe is anticipated to hold the largest market share in 2023, driven by demand for improved food products, adoption of precision farming techniques, and substantial government investments in IoT solutions. For example, the European Union funded the Robs4Crops project in January 2021 with USD 9.3 million to accelerate robotics and automation implementation in farming.

Key Players:
Leading companies in the global crop monitoring market include Topcon Corporation (Japan), Trimble Inc. (U.S.), Climate LLC (U.S.), Yara International ASA (Norway), CropX Inc. (Israel), EOS Data Analytics, Inc. (U.S.), The Cropio Group (U.S.), PrecisionHawk (U.S.), Taranis (Israel), Ag Leader Technology (U.S.), Deere & Company (U.S.), AGCO Corporation (U.S.), Sentera (U.S.), American Robotics, Inc. (U.S.), SGS S.A. (Switzerland), Cropin Technology Solutions Private Limited (India), Arable (U.S.), and Small Robot Company (U.S.).

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