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PUBLISHER: The Business Research Company | PRODUCT CODE: 1409758

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1409758

Remote Sensing Technology for Agriculture Global Market Report 2024

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“Remote Sensing Technology for Agriculture Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on remote sensing technology for agriculture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for remote sensing technology for agriculture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The remote sensing technology for agriculture market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

  • 1) By Component: Hardware; Software; Services
  • 2) By Application: Yield Monitoring; Field Mapping; Crop Scouting; Weather Tracking and Forecasting; Irrigation Management; Inventory Management; Farm Labor Management; Other Applications
  • Companies Mentioned: Yara International ASA; Koch Ag & Energy Solutions; Coromandel International Limited; Agriculture Solutions Inc.; Hafia Groups
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Remote sensing technology for agriculture involves the utilization of satellite images to capture photos of a field over time, enabling growers to analyze the data and make informed decisions to enhance crop yield.

The primary components of remote sensing technology for agriculture include hardware, software, and services. Hardware encompasses external and internal devices and equipment facilitating essential functions such as input, output, storage, communication, and processing. This technology is applied in various agricultural applications such as yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, inventory management, farm labor management, and others.

The remote sensing technology for agriculture market research report is one of a series of new reports from The Business Research Company that provides remote sensing technology for agriculture market statistics, including remote sensing technology for the agriculture industry global market size, regional shares, competitors with a remote sensing technology for agriculture market share, detailed remote sensing technology for agriculture market segments, market trends, and opportunities, and any further data you may need to thrive in the remote sensing technology for the agriculture industry. This remote sensing technology for agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The remote sensing technology for agriculture market size has grown strongly in recent years. It will grow from $1.82 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed in the historical period can be attributed to factors such as the integration of Geographic Information Systems (GIS), the rise of satellite-based solutions, the development of unmanned aerial vehicles (UAVs), advancements in image processing techniques, and initiatives in precision agriculture.

The remote sensing technology for agriculture market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth in the forecast period can be attributed to government investments and initiatives, a heightened focus on sustainable agriculture practices, integration of IoT and sensors, increased adoption of precision agriculture techniques, and advancements in satellite imaging services. Major trends expected in the forecast period include continued government initiatives and support, the emergence of big data analytics in agriculture, the expansion of IoT applications, a sustained focus on precision agriculture practices, and ongoing development of satellite-based solutions.

The growth of remote sensing technology for agriculture is anticipated to be driven by the increasing implementation of the agricultural sector. This sector involves soil cultivation for crop cultivation, and remote sensing technology is employed to enhance farm productivity by monitoring soil properties, crop species, and detecting weeds and diseases. As per the United States Department of Agriculture's report in December 2022, the agriculture service contributed $1.264 trillion to the GDP, representing 0.7% in 2021. Thus, the rising adoption in the agricultural sector is a key factor propelling the remote sensing technology for agriculture market.

The remote sensing technology for agriculture market is also expected to witness growth due to the increasing adoption of IoT (Internet of Things) technology. IoT refers to a network of interconnected physical devices embedded with sensors and network connectivity. Its integration into remote sensing for agriculture transforms farming operations, enabling data-driven decision-making and improving overall efficiency. As indicated by Exploding Topics in March 2023, the number of IoT devices is expected to reach 25.4 billion by 2030. This surge in IoT adoption is contributing to the growth of remote sensing technology for agriculture.

A prominent trend in the remote sensing technology for agriculture market is the emergence of strategic partnerships among major companies. These partnerships aim to advance agricultural practices and technologies. For example, General Mills Inc., a multinational manufacturer, partnered with Regrow Agriculture Inc., a UK-based remote sensing technology company, in January 2022. This collaboration focuses on monitoring agricultural practices globally. Additionally, EOS Data Analytics (EOSDA), a US-based provider of AI-powered satellite imagery analytics, partnered with Agrvision in February 2023. This collaboration addresses ecological, agricultural, and sustainability concerns, supporting regenerative agriculture goals for farmers. Agrvision, based in Kenya, offers agri-tech solutions to agriculture and forestry markets.

Innovation is a key focus for major companies in the remote sensing technology for agriculture market, with a particular emphasis on cloud platforms. CropIn Technology Solutions Pvt. Ltd., an India-based company, launched a cloud platform in September 2022. This platform leverages data, machine learning, earth observation, and remote sensing capabilities to enhance crop and harvest management. The integrated Cropin Cloud platform accelerates digital transformation in the agriculture ecosystem, offering applications for agricultural digitalization and AI-powered agri-intelligence.

In December 2021, Planet, a US-based precision agriculture company, acquired VanderSat for $28 million. This acquisition strengthens Planet's agriculture portfolio by incorporating VanderSat's innovative products, particularly in water management and crop health. VanderSat, headquartered in the Netherlands, specializes in remote sensing technology for agriculture.

Major companies operating in the remote sensing technology for agriculture market report are Yara International ASA, Koch Ag & Energy Solutions, Coromandel International Limited, Agriculture Solutions Inc., Hafia Groups, Sapec Agro S.A, Kugler Company, ICL Group Ltd., Honeywell International Inc., Green Peak Technologies LLC, ABB Ltd., Kheti Buddy Pvt. Ltd., Trimble Inc., Eastern Peak Ltd., PrecisionHawk Inc., Deere & Company, Ag Leader Technology, Raven Industries Inc., Topcon Corporation, AgJunction Inc., SST Software BV, The Climate Corporation, Iteris Inc., Taranis Inc., Gamaya, MicaSense Inc., TerrAvion Inc., Descartes Labs, CropX Technologies Inc., Granular Inc

North America was the largest region in the remote sensing technology for agriculture market in 2023. The regions covered in the remote sensing technology for agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the remote sensing technology for agriculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The remote sensing technology in the agriculture market consists of revenues earned by entities by evaluating plant health, estimating yield, assessing crop loss, managing irrigation, detecting weeds, identifying crop stress, and mapping a field. The market value includes the value of related goods sold by the service provider or included within the service offering. The remote sensing technology in the agriculture market also includes sales of hardware such as ground sensors, aerial sensors, and satellite sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11296

Table of Contents

1. Executive Summary

2. Remote Sensing Technology for Agriculture Market Characteristics

3. Remote Sensing Technology for Agriculture Market Trends And Strategies

4. Remote Sensing Technology for Agriculture Market - Macro Economic Scenario

  • 4.1. Impact Of High Inflation On the Market
  • 4.2. Ukraine-Russia War Impact On the Market
  • 4.3. COVID-19 Impact On the Market

5. Global Remote Sensing Technology for Agriculture Market Size and Growth

  • 5.1. Global Remote Sensing Technology for Agriculture Market Drivers and Restraints
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints Of The Market
  • 5.2. Global Remote Sensing Technology for Agriculture Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
  • 5.3. Global Remote Sensing Technology for Agriculture Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Remote Sensing Technology for Agriculture Market Segmentation

  • 6.1. Global Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Hardware
  • Software
  • Services
  • 6.2. Global Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Yield Monitoring
  • Field Mapping
  • Crop Scouting
  • Weather Tracking and Forecasting
  • Irrigation Management
  • Inventory Management
  • Farm Labour Management
  • Other Applications

7. Remote Sensing Technology for Agriculture Market Regional And Country Analysis

  • 7.1. Global Remote Sensing Technology for Agriculture Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 7.2. Global Remote Sensing Technology for Agriculture Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Remote Sensing Technology for Agriculture Market

  • 8.1. Asia-Pacific Remote Sensing Technology for Agriculture Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 8.3. Asia-Pacific Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Remote Sensing Technology for Agriculture Market

  • 9.1. China Remote Sensing Technology for Agriculture Market Overview
  • 9.2. China Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
  • 9.3. China Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Remote Sensing Technology for Agriculture Market

  • 10.1. India Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 10.2. India Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Remote Sensing Technology for Agriculture Market

  • 11.1. Japan Remote Sensing Technology for Agriculture Market Overview
  • 11.2. Japan Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 11.3. Japan Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Remote Sensing Technology for Agriculture Market

  • 12.1. Australia Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 12.2. Australia Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Remote Sensing Technology for Agriculture Market

  • 13.1. Indonesia Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 13.2. Indonesia Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Remote Sensing Technology for Agriculture Market

  • 14.1. South Korea Remote Sensing Technology for Agriculture Market Overview
  • 14.2. South Korea Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 14.3. South Korea Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Remote Sensing Technology for Agriculture Market

  • 15.1. Western Europe Remote Sensing Technology for Agriculture Market Overview
  • 15.2. Western Europe Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 15.3. Western Europe Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Remote Sensing Technology for Agriculture Market

  • 16.1. UK Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 16.2. UK Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Remote Sensing Technology for Agriculture Market

  • 17.1. Germany Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 17.2. Germany Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Remote Sensing Technology for Agriculture Market

  • 18.1. France Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 18.2. France Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Remote Sensing Technology for Agriculture Market

  • 19.1. Italy Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 19.2. Italy Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Remote Sensing Technology for Agriculture Market

  • 20.1. Spain Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 20.2. Spain Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Remote Sensing Technology for Agriculture Market

  • 21.1. Eastern Europe Remote Sensing Technology for Agriculture Market Overview
  • 21.2. Eastern Europe Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 21.3. Eastern Europe Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Remote Sensing Technology for Agriculture Market

  • 22.1. Russia Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 22.2. Russia Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Remote Sensing Technology for Agriculture Market

  • 23.1. North America Remote Sensing Technology for Agriculture Market Overview
  • 23.2. North America Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 23.3. North America Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Remote Sensing Technology for Agriculture Market

  • 24.1. USA Remote Sensing Technology for Agriculture Market Overview
  • 24.2. USA Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 24.3. USA Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Remote Sensing Technology for Agriculture Market

  • 25.1. Canada Remote Sensing Technology for Agriculture Market Overview
  • 25.2. Canada Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 25.3. Canada Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Remote Sensing Technology for Agriculture Market

  • 26.1. South America Remote Sensing Technology for Agriculture Market Overview
  • 26.2. South America Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 26.3. South America Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Remote Sensing Technology for Agriculture Market

  • 27.1. Brazil Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 27.2. Brazil Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Remote Sensing Technology for Agriculture Market

  • 28.1. Middle East Remote Sensing Technology for Agriculture Market Overview
  • 28.2. Middle East Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 28.3. Middle East Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Remote Sensing Technology for Agriculture Market

  • 29.1. Africa Remote Sensing Technology for Agriculture Market Overview
  • 29.2. Africa Remote Sensing Technology for Agriculture Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • 29.3. Africa Remote Sensing Technology for Agriculture Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Remote Sensing Technology for Agriculture Market Competitive Landscape And Company Profiles

  • 30.1. Remote Sensing Technology for Agriculture Market Competitive Landscape
  • 30.2. Remote Sensing Technology for Agriculture Market Company Profiles
    • 30.2.1. Yara International ASA
      • 30.2.1.1. Overview
      • 30.2.1.2. Products and Services
      • 30.2.1.3. Strategy
      • 30.2.1.4. Financial Performance
    • 30.2.2. Koch Ag & Energy Solutions
      • 30.2.2.1. Overview
      • 30.2.2.2. Products and Services
      • 30.2.2.3. Strategy
      • 30.2.2.4. Financial Performance
    • 30.2.3. Coromandel International Limited
      • 30.2.3.1. Overview
      • 30.2.3.2. Products and Services
      • 30.2.3.3. Strategy
      • 30.2.3.4. Financial Performance
    • 30.2.4. Agriculture Solutions Inc.
      • 30.2.4.1. Overview
      • 30.2.4.2. Products and Services
      • 30.2.4.3. Strategy
      • 30.2.4.4. Financial Performance
    • 30.2.5. Hafia Groups
      • 30.2.5.1. Overview
      • 30.2.5.2. Products and Services
      • 30.2.5.3. Strategy
      • 30.2.5.4. Financial Performance

31. Global Remote Sensing Technology for Agriculture Market Competitive Benchmarking

32. Global Remote Sensing Technology for Agriculture Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Remote Sensing Technology for Agriculture Market

34. Remote Sensing Technology for Agriculture Market Future Outlook and Potential Analysis

  • 34.1 Remote Sensing Technology for Agriculture Market In 2028 - Countries Offering Most New Opportunities
  • 34.2 Remote Sensing Technology for Agriculture Market In 2028 - Segments Offering Most New Opportunities
  • 34.3 Remote Sensing Technology for Agriculture Market In 2028 - Growth Strategies
    • 34.3.1 Market Trend Based Strategies
    • 34.3.2 Competitor Strategies

35. Appendix

  • 35.1. Abbreviations
  • 35.2. Currencies
  • 35.3. Historic And Forecast Inflation Rates
  • 35.4. Research Inquiries
  • 35.5. The Business Research Company
  • 35.6. Copyright And Disclaimer
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