According to MarketsandMarkets the global crop monitoring market is expected to grow from USD 2.2 billion in 2020 to USD 4.4 billion by 2025, at a CAGR of 15.2%.
The need for higher yields, better farmers’ profitability, food safety, and traceability are driving the growth of the crop monitoring market, according to a market research report by MarketsandMarkets.
GPS/GNSS devices used for field mapping, soil sampling, guidance technology, crop scouting, variable rate seeding, variable rate spraying, and yield mapping are expected to be widely adopted in the near future.
The US is projected to be the largest country-level market for crop monitoring in North Americais, the market researchers say the US likely to hold the largest market share in North America by 2025. The adoption of technologies such as precision guidance, variable rate technology (VRT), GPS, yield mapping, crop monitoring devices, and the integration of emerging technologies, such as IoT, AI, big data, and analytics, have improved the agriculture operations significantly in the US, say the researchers.
The adoption rate of variable rate technologies, GPS guidance systems, yield monitoring, and yield mapping has increased in the United States in recent years. The growing awareness regarding advanced farming techniques, innovation, presence of large companies, and increasing penetration of technology are some of the prominent factors driving the growth of crop monitoring market in the US.
Crop monitoring in the Asia-Pacific region is in its initial stage of adoption and is expected to multiply during the forecast period. Australia is the leading country in the Asia-Pacific region, holding the largest share. The researchers say China has a vast potential to grow in the crop monitoring market as the country has invested significantly in the agriculture technology.
The majority of farms in the APAC region are less than 100 hectares in size, especially in countries such as China, India, and Japan. The penetration of crop monitoring technology in the small-sized farms in the APAC region is expected to grow at the highest rate as compared to other farms.