Market Research Report
Global Crop Monitoring Devices Market - 2019-2026
|Published by||DataM Intelligence||Product code||834566|
|Published||Content info||130-180 Pages
Delivery time: 1-2 business days
|Global Crop Monitoring Devices Market - 2019-2026|
|Published: May 1, 2019||Content info: 130-180 Pages||
Crop monitoring devices are based on the internet of things and part of precision farming, these are to be placed in the field for the data collection of various parameters. It includes temperature and precipitation, leaf water potential, and overall crop health. These devices monitor crop growth and any anomalies to effectively prevent diseases or infections that could harm the field. The crop health monitoring devices use a normalized difference vegetation index method to determine the health of the crop through drone and satellite imagery. The ground-based and plant sensors are used to collect the information about soil and water, and weather stations are used to gatherer the appropriate weather data, which allows farmers to see how different the weather patterns affect their water and soil. The crop monitoring software gathers the information from the ground sensor, and they are integrated into one platform, where the data is processed to help farmers make better decisions.
The global crop monitoring devices market was worth $XX billion in 2018 and is forecasted to reach $XX billion by 2026, at a CAGR of XX% during the forecast period.
Increase in adoption of crop monitoring devices by farmers in developed nations due to the availability of products and wide awareness among the communities are driving the global crop monitoring devices market during the forecast period. Increased production cost savings from the technology adoption by the framers is additionally driving the market during the forecast period.
Increase in demand for food mainly in developed economies, extreme weather conditions, depleting water resources and gradually decreasing land under cultivation are raising need to invent innovative and fruitful methods for crop monitoring and management.
According to the study conducted in Cambridge Core in February 2019, the adoption rates of precision agriculture have gradually increased over the last two decades, and the overall adoption rate in united states crossed in 50% of farms.
According to a study published in Journal of Agriculture and Resource Economics in 2016, in relative to the total per acre production costs, the estimated savings associated with Yield mapping were recorded as 4.5% and 2.7% with guidance systems.
Major factors are hindering the global crop monitoring devices market during the forecast period due to the lack of awareness among the communities regarding the availability of the products in developing nations.
Global crop monitoring devices market is segmented by product type and application. Product type includes software & hardware, and accessories, and accessories include displays, receivers, and sensors. The application segment includes weather forecasting, crop management, labour management, and financial management.
Crop management dominates the global crop monitoring devices market during the forecast period due to increased utilization by the farmers in developed nations for the crop monitoring from soil mapping to end sales and presence of end products in key players. Increase in development of novel technologies for remote location crop monitoring with increased productivity is additionally contributing to the growth of global crop monitoring devices market during the forecast period.
In September 2017, JRC launched new EU-wide crop and weather monitoring e-services across the European Union, worldwide can now view weather and crop conditions in near real-time across the whole of the EU.
Global Crop Monitoring Devices Market - Geographical Analysis
The global crop monitoring devices market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
North America dominates the global crop monitoring devices market during the forecast period due to increase in the presence of key players across the region, increased awareness and spending by the farmers in the automation of farms. Increase in the implementation of precision agriculture and digitalization of farms by farmers for monitoring and management across the region are additionally contributing to the North America crop monitoring devices market during the forecast period.
According to the survey conducted by researchers at the University of Guelph in 2017 states that 96% of respondents in Ontario used precision agriculture in some form within their business. The adoption rate of chlorophyll sensors were recorded at 39% in 2017 and estimated to reach 50% by 2020.