Meticulous Research®’s new report titled “Global Crop Monitoring Market by Offering, Technology, Farm Type, Application, and Geography—Forecast to 2030” predicts that the crop monitoring market will reach $8.9 billion by 2030, growing at a CAGR of 19.3%. This growth is fueled by rising demand for precision farming technologies, supportive government policies on IoT adoption, and increased need for quality agricultural products driven by population growth.

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Despite these drivers, the market faces challenges such as high equipment costs and fluctuating regulations. Nevertheless, the integration of AI and IoT in crop monitoring technologies and advancements in mapping offer substantial growth opportunities. Challenges include the lack of technical expertise among farmers and slow technology adoption in developing countries.

The market segments include hardware, software, and services, with hardware projected to hold the largest share in 2023. This segment's growth is driven by automation trends and the increasing use of drones for crop monitoring, as seen with XAG Co., Ltd.’s new drone models.

Technologically, the market includes remote sensing, AI & computer vision, IoT, cloud technologies, big data, and automation & robotics. Remote sensing is expected to dominate due to lower sensor prices and increased automation. Farmsense (U.S.)’s FlightSensor illustrates the application of real-time monitoring technologies in pest management.

By farm size, large farms (over 10 hectares) are forecasted to lead in 2023 due to their adoption of advanced monitoring technologies to manage large areas.

Applications of crop monitoring include yield monitoring, field mapping, crop scouting, nutrient monitoring, and pest control, with yield monitoring projected to be the largest segment due to the rise of precision farming and increased food demand. NASA’s partnership with CropX Inc. (Israel) highlights advancements in yield prediction and sustainable agriculture.

Europe is expected to be the largest regional market in 2023, driven by demand for improved food products and substantial investments in agricultural technology, such as the EU’s funding for the Robs4Crops project.

Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the global crop monitoring market study are 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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