Crop Monitoring Market Analysis, Growth, Opportunity & Forecast Report 2027
Crop Monitoring Market size was valued at US$ 2.3 Bn. in 2020 and the total revenue is expected to grow at 15.2% through 2021 to 2027, reaching nearly US$ 5.38 Bn.
Crop Monitoring Market Overview:
The Crop Monitoring Market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are solely relevant to the businesses' concentration on the Crop Monitoring market.
Market Scope:
This Crop Monitoring market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Please contact Maximize Market Research for an Analyst Brief for more information on the Crop Monitoring market; our specialists will aid you in making an informed market choice to achieve market growth.
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Segmentation:
By Technology, the Crop Monitoring Market is segmented as Sensing & Imagery, VRT, Automation & Robotics. Due to the widespread adoption of remote sensing technologies by farmers to remotely monitor their crops, the Sensing and Imagery segment dominates the crop monitoring market with the market share of 43% in 2021. These sensing and imaging technologies provide a detailed picture of the farm and inform farmers on the health of their crops. In order to solve the labour issue that various countries around the world are facing, the automation & robotics segment is likely to dominate the market in the forecast term and has the market share of 34% in 2021 followed by VRT (Variable Rate Technology) with the market share of 23%. Variable-rate technology (VRT) permits fertiliser, pesticides, lime, gypsum, irrigation water, and other farm inputs to be administered at varied rates across a field without having to change rate settings on equipment or make several runs over the same area.
Key Players: The following are the key players of the Crop Monitoring market-
• John Deree
• Agrisource Data
• Raven Industries
• AGCO Corporation
• Pessl Instruments
• Mouser Electronics
• Topcon Corporation
• Agjunction
• Taranis Visual
• CorpX
• Trimble
• Yara International ASA
• The Climate Corporation
Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Crop Monitoring Market: The research also addresses the impact of COVID-19 on the Crop Monitoring market. The fundamental purpose of this study is to aid the user in understanding the market in terms of definition, segmentation, market potential, noteworthy trends, and industry challenges across 10 key regions. The study provides a micro and macroeconomic analysis of the total impact of COVID-19 on the Crop Monitoring Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the global Health Insurance Market in the next years.
Key Questions Answered in the Crop Monitoring Market Report are:
- What will be the CAGR of the Crop Monitoring market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Crop Monitoring market?
- Which are the prominent players in the Crop Monitoring market?
- What key trends are likely to emerge in the Crop Monitoring market in the forecast period?
- What will be the Crop Monitoring market size by 2027?
- Which company held the largest share in the Crop Monitoring market in 2020?
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