Smart Crop Monitoring Market Innovation Trends and New Business Models by 2032
The Smart Crop Monitoring Market refers to the use of advanced technologies like sensors, drones, satellite imagery and AI to gather data and insights about crop health and productivity. This allows farmers and agribusinesses to closely monitor their crops, get early warnings about potential issues, and take timely actions like irrigation, fertilizer application or pest control.
The smart crop monitoring market size was valued at USD 1.5 billion in 2021 and is projected to reach USD 4.6 billion by 2030, growing at a CAGR of 11.2% from 2022 to 2030. Key drivers of this growth include rising global population, increased focus on food security and farm productivity, climate change affecting agriculture and crops, and advances in technologies like AI, IoT sensors and imagery analytics.
Major technologies used in smart crop monitoring include ground sensors that measure temperature, humidity and soil conditions; drone and satellite-based imagery and sensors to assess plant health over large areas; robots, autonomous tractors and self-driving equipment that can take precise actions; and software analytics platforms to make sense of all the data. Key end users are large farms, greenhouses, nurseries and agribusinesses growing crops like grains, fruits, vegetables, cotton and more.
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North America accounted for the largest smart crop monitoring market share in 2021 due to high tech and precision agriculture adoption. However, Asia Pacific is expected to grow at the fastest CAGR during 2022-2030, driven by growing population, food demand and government initiatives to boost farm productivity in China, India and Southeast Asia.
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