PUBLISHER: The Business Research Company | PRODUCT CODE: 1717310
PUBLISHER: The Business Research Company | PRODUCT CODE: 1717310
Smart crop monitoring involves using advanced technologies such as Internet of Things (IoT) sensors, drones, and artificial intelligence (AI) to collect real-time data on crop health, soil conditions, and environmental factors. This data-driven approach allows for precise management of resources such as water and fertilizers, leading to optimized crop yields and reduced waste. It also helps farmers make informed decisions, enhancing sustainability and profitability in agriculture.
The key components of smart crop monitoring include hardware, software, and services. Hardware encompasses physical devices such as sensors, drones, and cameras used to gather data on crop health, soil conditions, and weather patterns. These devices are essential for providing real-time information and ensuring accurate monitoring. Various technologies involved include sensing and imaging, variable-rate technology (VRT), guidance technology, automation, and robotics. These technologies are applied in areas such as soil monitoring, weather forecasting, yield monitoring, and crop protection.
The smart crop monitoring market research report is one of a series of new reports from The Business Research Company that provides smart crop monitoring market statistics, including smart crop monitoring industry global market size, regional shares, competitors with a smart crop monitoring market share, detailed smart crop monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the smart crop monitoring industry. This smart crop monitoring 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 smart crop monitoring market size has grown rapidly in recent years. It will grow from $3.47 billion in 2024 to $4.1 billion in 2025 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to rising demand for high crop production, increasing global population, significant growth in IOT technology, rising need for sustainable agricultural practices, and increasing regulatory pressures.
The smart crop monitoring market size is expected to see rapid growth in the next few years. It will grow to $7.97 billion in 2029 at a compound annual growth rate (CAGR) of 18.1%. The growth in the forecast period can be attributed to the development of automated irrigation systems, the growing trend of farm-to-table movements, an increase in agricultural cooperatives and partnerships, a rising focus on reducing waste in the supply chain, and a significant growth in real-time weather forecasting. Major trends in the forecast period include technological advancements, controlled environment agriculture, regenerative agriculture, soil condition monitoring, and connectivity technologies.
The growing demand for food is expected to drive the expansion of the smart crop monitoring market in the future. This rising demand is driven by the increasing global population and higher incomes, which lead to greater consumption of diverse food products. Smart crop monitoring enhances food production efficiency by providing real-time data on crop health, soil conditions, weather patterns, and resource usage. This enables farmers to make informed decisions regarding irrigation, fertilization, and pest control, optimizing yields, reducing resource waste, and improving food quality. For example, a report from the United States Department of Agriculture published in April 2024 indicates that agriculture, food, and related industries contributed approximately $1.530 trillion to the U.S. GDP in 2023, accounting for about 5.6% of the total, with U.S. farms contributing $203.5 billion, or roughly 0.7% of GDP. Thus, the increasing food demand is propelling growth in the smart crop monitoring market.
Leading companies in the smart crop monitoring market are focusing on technological advancements, such as AI-powered sensing technologies, to gain a competitive edge. These technologies combine artificial intelligence with advanced sensors to detect, analyze, and interpret environmental data in real time. For instance, in April 2023, GeoPard Agriculture, a Germany-based climate data and analytics firm, launched a cutting-edge analytics platform designed for farmers and dealers using John Deere technology. The platform features field mapping, variable rate application (VRA) maps, scouting tools, and data integration capabilities, helping farmers optimize operations and make data-driven decisions to enhance productivity and profitability. GeoPard's platform complements the myjohndeere operations center with yield, soil, topography, and satellite imagery analytics for a comprehensive view of farming operations.
In January 2023, Cropx Technologies, an Israel-based digital agriculture company, acquired Tule Technologies for an undisclosed amount. This acquisition allows CropX to provide a more comprehensive agronomic management solution, combining soil and crop data to offer insights and recommendations on irrigation, disease control, and nutrient management. Tule Technologies, a U.S.-based precision irrigation company, specializes in smart farm monitoring solutions with a focus on irrigation management.
Major companies operating in the smart crop monitoring market are Microsoft Corporation, Robert Bosch GmbH, Airbus SE, International Business Machines Corporation, Deere & Company, Yara International, CNH Industrial N.V., KUBOTA Corporation, AGCO Corporation, CLAAS Group, Trimble Inc., SZ DJI Technology Co. Ltd., Raven Industries Inc., Climate LLC, Solinftec, Semios, Taranis, Prospera Technologies, AGRIVI, S4 AgTech, Small Robot Company
North America was the largest region in the smart crop monitoring market in 2024. The regions covered in the smart crop monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the smart crop monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The smart crop monitoring market consists of revenues earned by entities by providing services such as real-time data collection, predictive analytics, precision irrigation management, remote sensing, and automated alerts. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart crop monitoring market also includes sales of drones, satellite imaging systems, AI-powered analytics platforms, and automated irrigation systems. 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.
Smart Crop Monitoring Global Market Report 2025 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 smart crop monitoring 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.
Where is the largest and fastest growing market for smart crop monitoring ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart crop monitoring 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.