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The crop monitoring devices market size is forecast to increase by USD 762.17 million, at a CAGR of 7.74% between 2023 and 2028. The growth rate of the market depends on several factors such as growing focus on increasing productivity and efficiency in the agriculture sector, shortage of workers on farms and increasing focus on smart farming.
Market Forecast 2023-2027
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The market share growth by the medium-sized segment will be significant during the forecast period. Medium-scale agricultural holdings have grown significantly over the past decade, particularly in the African agricultural sector. Approximately 20% of Kenya's total agricultural land, 32% of Ghanas, 39% of Tanzania, and more than 50% of Zambia's agricultural land make up medium-sized holdings since last decade.
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The medium-sized segment was the largest and was valued at USD 617.59 million in 2018. The number of medium-sized holdings is growing globally at a rapid rate, owing to urban-based professional or influential rural interests linked to fast-growing urban populations and rising food demand. Such factors are expected to boost the growth of the medium-sized farms segment in the global crop monitoring devices market during the forecast period.
Based on the product, the market has been segmented into sensing and monitoring devices, automation and control, and drones and others. The sensing and monitoring devices segment will account for the largest share of this segment.?Sensing and monitoring devices include various types of sensors, camera systems, and yield monitors. Sensors such as soil moisture sensors, nutrient sensors, crop health sensors, optical sensors, airflow sensors, and electrochemical sensors are widely used in advanced farming. In addition, yield monitors or mapping refers to the process of georeferencing crop yield and characteristics such as the moisture content of the soil. Various sensors (soil moisture sensors, airflow sensors, etc.) are used to map crop yields. A yield monitor also helps to measure the amount of grains collected and or produced. These devices manage various important and time-consuming farming processes, which also reduces labor costs, which will boost the growth of the sensing and monitoring devices segment in the global market during the forecast period.
Our researchers studied the market research and market growth analysis data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Farm labor constitutes one of the major inputs and cost centers in agricultural systems. However, the shortage of workers on farms, exacerbated by low wages and the unavailability of migrant work visas in the US and the EU, has had adverse effects on the agricultural sector. According to the US Department of Agriculture, a mere 7.6 cents of every dollar spent on food goes to the farmer. Additionally, the dwindling interest in the farming field has led to a decline in the number of farm laborers.
The labor shortage has particularly impacted fruit and vegetable farmers, given the labor-intensive nature of fruit and vegetable harvesting. To address this challenge, many farmers worldwide are turning to technological innovations on farms, including agricultural drones, soil sensors, weather stations, crop cameras, satellite imagery, unmanned aerial vehicles (UAVs), remote sensing technology, and precision agriculture solutions.
This shift towards technology adoption aims to mitigate the reliance on low-wage immigrant workers and enhance operational efficiency. As a result, the demand for yield monitoring devices and other monitoring technologies is expected to rise significantly, driving the growth of the market during the forecast period.
Over the last few years, it has been noticed that the use of robots in agriculture has been increasing. Crop management, which involves monitoring crops and tracking their growth, detecting weeds and pests, and even spreading fertilizer and pesticides, can be done autonomously with the help of robots. Robots are equipped with specialized tools, accessories, and arms and hands to perform tasks with accuracy. These harvest the crops by using an automated harvesting system efficiently and effectively. Also, mobile robots help in maintaining humidity in the soil and crops. Automated controllers in robots help farmers maintain their crops and protect the crops from insects.
Additionally, robots can work efficiently over a longer time and give accurate responses. These can help in the status detection of water, production level, crop development, and composition of crops. Therefore, smart farms are increasingly making use of advanced robots for controlling several process variables in agriculture. Thus, the increasing deployment of robots in agriculture will positively impact the growth of the global crop market during the forecast period.
The include advanced sensors, cameras, and wireless systems. The lack of awareness among farmers regarding the use of advanced monitoring devices in farms may lead to many inconsistencies, negatively affecting the potential yield from farms. Inconsistencies in crop monitoring may be due to several factors such as the movement of the trap, movement of the moth, illumination, camera out of focus, appearance of non-pest insects, and appearance of other objects. Image processing is carried out through various steps such as image capturing, image pre-processing, conversion of red, green, and blue (RGB) images to grey images, image resizing, and image filtering.
Moreover, the improper focus of the camera and the appearance of non-pest insects in fields will lead to unwanted space utilization for storing the images. This mainly occurs due to the lack of end-user awareness on using and capturing data and may restrict the growth of the market during the forecast years.
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North America is estimated to contribute 32% to the market growth and forecasting by 2028. Technavio's analysts have provided extensive insight into the Market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Increasing government activities to assist the adoption of modern agriculture technologies and enhanced infrastructure are contributing to regional market growth. For instance, to raise awareness among farmers, the National Institute of Food and Agriculture (NIFA), which is part of the United States Department of Agriculture (USDA), performs geospatial, sensor, and precision technology projects. The rising use of cloud-based technology, the growing adoption rate of smart farming techniques to enhance productivity, and the growing demand for food among people are anticipated to foster the growth of the market in the region.
In addition, the government of Canada remains dedicated to investing in cutting-edge precision agriculture equipment as a critical component of the growth and competitiveness of the agricultural sector of the country. The developments among vendors and government support have led to the widespread adoption of precision agriculture in the region. This will increase the deployment of Internet of Things Devices and Crop Yield Estimation Tools solutions for precision farming and, in turn, will drive the growth of the market in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ag Leader Technology - The company offers crop monitoring devices such as InCommand 800 which serves as a great second display and complement to InCommand 1200. InCommand 800 can also be used as a stand-alone display on operations that do not require the robust functionality of InCommand 1200.
We also have detailed analyses of the market’s competitive landscape and offer information on 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., and Yara International ASA.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The Crop Monitoring Devices Market is witnessing rapid growth with the adoption of advanced technologies such as agricultural drones, soil sensors, and weather stations. These devices, along with crop cameras and satellite imagery, enable farmers to monitor their crops remotely and make data-driven decisions.
Unmanned aerial vehicles (UAVs) equipped with remote sensing technology provide valuable insights into crop health and growth patterns. Integrated crop monitoring software and IoT devices streamline data collection and analysis, enhancing farm management systems.
Field scanners and harvest monitoring devices aid in assessing crop yield, while pest detection devices and irrigation management systems help farmers optimize resource utilization. The Internet of Things (IoT) devices facilitate smart farming technologies, empowering farmers to achieve higher productivity and sustainability in agriculture.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and market research and growth opportunities from 2018 to 2028.
Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.74% |
Market Growth 2024-2028 |
USD 762.17 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.65 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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., and Yara International ASA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Area
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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