Forecast Increase in Revenue:
The Crop Monitoring Market size was valued at USD 3.51 Bn. in 2023 and the total revenue is expected to grow at 15.2% through 2024 to 2030, reaching nearly USD 9.46 Bn.
Crop Monitoring Market Overview:
Maximize Market Research, a leading business research firm, has released an insightful report on the “Crop Monitoring Market.” This comprehensive study offers an in-depth analysis of industry trends, including business insights, demand dynamics, pricing strategies, and the competitive landscape, covering the forecast period extensively.
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Crop Monitoring Market Report Scope and Research Methodology:
The report offers a thorough examination of the Crop Monitoring Market, encompassing segmental analysis, significant developments, market dynamics, and the competitive landscape. Data for this study has been gathered through both primary and secondary research methods, including government publications, news articles, and corporate annual reports. It includes an evaluation of major players in the Crop Monitoring Market, recent innovations, and notable mergers and acquisitions. Visual representations within the report illustrate import/export data, leading market players, market share, and revenue figures. Additionally, the report provides an overview of the drivers, challenges, opportunities, and trends influencing the Crop Monitoring Market.
Crop Monitoring Market Segmentation:
by Type
Sensing & Imagery
VRT
Automation & Robotics
by Application
Field Mapping
Crop Monitoring
Soil Scouting
The Crop Monitoring Market is divided into three segments based on application: Field Mapping, Crop Monitoring, and Soil Scouting. Due to the growing need to identify pests and other illnesses as soon as possible in order to apply an effective treatment given to the crop at the appropriate time, crop monitoring is expected to dominate the crop monitoring market in 2023 with a 40% market share. The crop monitoring sector is also expected to experience increased market growth in the forecast period.
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Crop Monitoring Market Key Players:
1. John Deree
2. Agrisource Data
3. Raven Industries
4. AGCO Corporation
5. Pessl Instruments
6. Mouser Electronics
7. Topcon Corporation
8. Agjunction
9. Taranis Visual
10. CorpX
11. Trimble
12. Yara International ASA
13. The Climate Corporation
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Crop Monitoring Market Regional Insights:
With a 43.2% market share in 2023, North America leads the crop monitoring industry. The presence of major players in the agri-tech sector, including Trimble, John Deere, AGCO, and others, is responsible for the significant market share in the crop monitoring sector. As a result of the widespread adoption of agricultural technology in nations like China, Japan, Australia, India, and China, the Asia-Pacific region holds a 22% market share in 2023. Furthermore, the crop monitoring market in Asia Pacific may expand as a result of significant government reforms in the area aimed at improving and modernizing the agriculture sector.
Key questions answered in the Crop Monitoring Market are:
- What recent industry trends can be leveraged to create additional revenue streams in the Crop Monitoring Market?
- Which segments are included in the Crop Monitoring Market?
- Who are the leading companies in the Crop Monitoring Market, and what are their portfolios?
- What is the Crop Monitoring Market?
- What was the size of the Crop Monitoring Market in the past?
- What is the current growth rate of the Crop Monitoring Market?
- What factors are anticipated to drive growth in the Crop Monitoring Market?
- Who are the key players in the Crop Monitoring Market?
- What are the different segments within the Crop Monitoring Market?
- What growth strategies are companies adopting to enhance their presence in the Crop Monitoring Market?
- What are the emerging industry applications and trends in the Crop Monitoring Market?
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