#smart crop monitoring market report

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The Smart Crop Monitoring Market, Market Share, Market Size, Market Trends and Key Players working in the market 

Smart crop monitoring refers to the utilization of advanced technologies, including satellite imagery, drones, sensors, and data analytics, to monitor and manage agricultural crops in a precise and efficient manner. It involves real-time data collection, analysis, and interpretation to optimize various aspects of farming, such as irrigation, pest management, fertilizer application, and overall crop health. Crop health monitoring enables farmers to make informed decisions, enhance productivity, conserve resources, and adopt sustainable agricultural practices, ultimately leading to increased yields and reduced environmental impact.

The global smart crop monitoring market was valued at $2.78 billion in 2022, and it is expected to grow with a CAGR of 16.90% during the forecast period 2023-2028 to reach $7.16 billion by 2028. This growth of the crop monitoring market is likely to be driven by the increasing demand for optimized crop yields and efficient use of resources in agriculture. Additionally, advancements in technologies such as AI, machine learning, and remote sensing are expected to further propel crop monitoring growth

The Need for Smart Crop Monitoring:

Traditional farming practices are often resource-intensive, relying on manual labor and guesswork. Climate change, unpredictable weather patterns, and the growing global population have heightened the importance of adopting efficient and sustainable agricultural practices. Smart crop monitoring addresses these challenges by leveraging cutting-edge technologies to provide real-time insights into crop health, soil conditions, and weather patterns.

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Key Technologies Driving the Market:

Internet of Things (IoT): IoT sensors are deployed in fields to collect data on various parameters such as soil moisture, temperature, and humidity. This real-time data is crucial for farmers to make informed decisions about irrigation, fertilization, and pest control.

Satellite Imagery and Drones: High-resolution satellite imagery and drones offer a bird's eye view of the entire farm, enabling farmers to identify crop health issues, monitor growth patterns, and assess the impact of external factors like pests and diseases.

Machine Learning and Artificial Intelligence (AI): Advanced analytics powered by machine learning algorithms enable predictive modeling for crop yield, disease detection, and optimal resource allocation. AI-driven insights empower farmers to proactively manage their crops and minimize risks.

Data Analytics Platforms: Cloud-based analytics platforms aggregate data from various sources, providing a centralized hub for farmers to access and analyze information. These platforms offer actionable insights, helping farmers make data-driven decisions.

Segmentation 1: by Application•    Disease and Pest Detection •    Nutrient Management •    Weed Management •    Crop Insurance •    Others

Based on application, the disease and pest detection segment is anticipated to drive the highest demand for smart crop monitoring market throughout the forecast period. With agriculture facing constant threats from diseases and pests that can devastate crops, early detection and swift action are imperative. Crop monitoring solutions equipped with advanced sensors, AI-driven analytics, and data processing capabilities enable real-time monitoring of crops. By identifying signs of diseases or pest infestations promptly, farmers can take proactive measures, preventing extensive damage and ensuring healthy yields. This critical application underscores the pivotal role smart crop monitoring plays in ensuring crop protection, enhancing agricultural productivity, and safeguarding global food supply chains.

Moreover, the integration of these applications with other smart farming technologies, such as remote sensing and machine learning, can provide farmers with more accurate and timely information about the health of their crops. This can enable them to take proactive measures to manage pests and diseases, further driving the demand for crop health monitoring solutions.

Segmentation 2: by Product•    Sensor Technology •    Drones •    Robots •    Handheld Devices •    Software and Mobile Applications

Based on product, the drones segment is poised for significant growth in the near future. Drones equipped with advanced sensors and imaging technologies offer farmers a bird's-eye view of their fields, enabling precise crop health assessments, pest detection, and yield predictions. This technology revolutionizes traditional farming methods by providing real-time data for informed decision-making. With the ability to cover large agricultural areas swiftly and efficiently, drones enhance productivity, optimize resource usage, and contribute to sustainable farming practices. The increasing adoption of drones in agriculture underscores their potential to revolutionize the industry, making them a key player in the future of smart crop monitoring.

Key Companies 

Some prominent names established in this market are:

Company Type 1: Public Companies•    Trimble Inc. •    Deere & Company •    CNH Industrial N.V. •    KUBOTA Corporation •    Airbus •    IBM Corporation

Company Type 2: Private Companies•    DJI •    Climate LLC •    AGRIVI •    Small Robot Company •    Semios

Among the prominent players in the global smart crop monitoring market, private ventures and innovative startups dominate, commanding approximately 85% of the market share in 2021. The remaining 15% is held by public enterprises.

Market Trends and Growth Factors:

Rising Adoption of Precision Agriculture: Precision agriculture, enabled by smart crop monitoring, is gaining traction as farmers seek to maximize yields while minimizing resource usage. The demand for precision farming techniques is a significant driver of the smart crop monitoring market.

Government Initiatives and Subsidies: Governments worldwide are recognizing the importance of technology in agriculture and are rolling out initiatives and subsidies to encourage farmers to adopt smart crop monitoring solutions. This support is accelerating the market's growth.

Increasing Awareness and Education: As awareness of the benefits of smart crop monitoring spreads, farmers are becoming more educated about these technologies. Training programs and educational initiatives further contribute to the widespread adoption of smart agriculture practices.

Integration of Blockchain Technology: Some smart crop monitoring solutions incorporate blockchain technology to enhance transparency and traceability in the agricultural supply chain. This ensures the authenticity of data and helps build trust among stakeholders.

Benefits for Farmers and the Environment:

Optimized Resource Utilization: Smart crop monitoring enables precise management of water, fertilizers, and pesticides, leading to reduced resource wastage and increased efficiency.

Improved Crop Yields: By providing real-time insights into crop health, smart monitoring helps farmers identify issues early, leading to timely interventions and improved overall crop yields.

Environmental Sustainability: The adoption of precision agriculture practices reduces the environmental impact of farming by minimizing the use of chemicals and optimizing resource usage.

Risk Mitigation: Early detection of diseases, pests, and adverse weather conditions allows farmers to take proactive measures, mitigating potential risks and losses.

Conclusion:

The Smart Crop Monitoring Market is at the forefront of transforming traditional agriculture into a highly efficient, data-driven industry. As technology continues to advance, smart crop monitoring solutions will play a pivotal role in ensuring global food security, sustainable farming practices, and the economic well-being of farmers. The ongoing collaboration between technology innovators, governments, and the agricultural community promises a future where smart farming is the norm rather than the exception.

[technicaldr]

How Patient Care Is Being Improved by Technology Everyday

With technology becoming more integral to patient care in recent years, innovation in the medtech space is progressing at an unprecedented level. From streamlining long-held manual processes to creating entirely new diagnostic devices, new tech is cropping up all over the industry—resulting in a real-world impact on patients’ quality of life.

  These technologies are helping companies to enable faster and more efficient engagement with patients, improve traditional devices, incorporate more software solutions into patient care, and even launch wholly new products. Further, these modern tools help medtech companies keep up with the rapid pace of innovation, by launching new products faster and quickly extending to new markets.

As hospitals face consolidation and CIOs are asked to increase staff productivity, tech companies that can support automation with solutions that are easy to onboard are getting heightened interest.

  Streamlining quality processes for the better

  In medtech especially, quality is the name of the game. The speed at which companies can address post-market or field issues is vital to success. After all, if a product meant to improve patient care isn’t performing the way it’s intended to, there could be tangible life-saving implications.

The secret to speedy post-market action is automating and integrating what was once a manual and disparate case-to-complaint and reportability process, by using a single enterprise platform.

For instance, imagine a company that wants to decrease their issue-to-resolution times. Their cases can be automatically tied to complaints and propagate common data, enabling faster investigations, reportability determination and electronic submissions.

  The Covid-19 pandemic has forced life sciences companies to take a fresh look at how they do business. But as they reinvent their operations, companies often overlook a critical function: Their learning and development programs.

  Also, their enterprise technology enables them to capture nonconformances with batch details which can quickly trigger ship holds, dispositions, and field actions.

And many of these major innovations trickle downstream to corrective and preventive actions (CAPA), Engineering Change Orders (ECOs), and business processes.

Having the ability to close the quality loop throughout the entire enterprise value chain can not only revolutionize a necessary process, it can deliver better patient experiences and outcomes.

  Improving traditional therapies 

  While headlines about new strains of Covid-19 and Monkeypox continue to circulate, the most common chronic diseases continue to grow at alarming rates.

Technology is helping to both manage difficult symptoms of these diseases, and find proactive ways to prevent them before the onset.

Advances in technology are giving patients their independence back. Think of how much easier a diabetes patient’s day-to-day life would be by conducting therapies in their own home instead of adjusting their scheduling around trips to the hospital for recurring appointments. Not to mention the lowered cost.

Imagine a world where therapies for type 2 diabetes (T2D) have the potential to prevent or even reverse its course. In the U.S. alone approximately 30 million people are diagnosed with T2D and half of them have difficulty controlling it.

  Leveraging software as a medical device (SaMD)

  Smart technology is virtually inescapable today. We use software devices in many aspects of our lives—in our homes, in our cars, in our pockets. And our medical needs are no exception.

Software as a Medical Device (SaMD) is one of the fastest growing areas of medtech innovation, enabling tangible life-saving results from:

Remote patient monitoring Faster, more accurate disease diagnosis and treatment decisions, such as stroke and pulmonary issues

Streamlined workflows & coordination for care teams

Digital Therapeutics and Digital Companions

…and the list is increasing exponentially. SaMD has changed how patients manage their health and interact with healthcare professionals.

  Ushering in the future of care

  The pace of medtech innovation is accelerating so much it almost feels as if we’ve stepped into the future. There are groundbreaking companies focused on eradicating certain cancers that are offering comprehensive genomic profiling (CGP) which provides results from a simple blood draw in days. This allows oncologists to obtain information quicker and advise the right treatment to each of their cancer patients.

This is just one example of how patients at all stages of cancer can live longer and healthier through the power of blood tests and the data they unlock.

  The secret weapon 

  The secret weapon is the ability to connect all business processes on a single platform solution. Keeping pace with top innovators requires a modern system to manage integrated change processes and cross-functional collaboration across the entire product and software lifecycle.

The critical and complex products that patients rely upon demand responsibility to ensure the best availability, quality, outcomes and uptime.

Technical Doctor's insight:

Contact Details : inquiry@technicaldr.com or 877-910-0004 www.technicaldr.com

[marketresearchintent]

Soil Monitoring Market: How Technological Advancements Are Revolutionizing Agricultural Practices

The soil monitoring market is growing at a remarkable rate, poised to surpass USD 1,225.5 million by 2030, up from USD 553.2 million in 2023. This significant growth represents a compound annual growth rate (CAGR) of 12.0% from 2024 to 2030. The increasing demand for sustainable agriculture, coupled with advancements in technology, is driving this market’s expansion. But what exactly is driving this rapid growth? And how are advancements in soil monitoring technology shaping the future of agriculture? Let’s dive in.

Understanding the Soil Monitoring Market

Soil monitoring involves the use of technology to collect data about soil health, which is critical for farming, agriculture, and environmental management. The market for soil monitoring solutions is gaining momentum as stakeholders seek better ways to optimize agricultural production, ensure soil health, and reduce environmental impact.

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What Is Soil Monitoring?

Soil monitoring refers to the process of tracking and analyzing soil properties such as moisture levels, temperature, pH levels, and nutrient content. The data collected from sensors helps farmers and agriculturalists make informed decisions on irrigation, fertilization, and crop rotation. In essence, it helps optimize crop production while ensuring sustainability.

Key Drivers of Market Growth

Sustainable Agriculture: As the world population continues to grow, the demand for food increases. However, this demand must be met sustainably. Soil monitoring plays a key role in ensuring that agricultural practices are both productive and environmentally friendly.

Technological Advancements: The development of smart sensors, Internet of Things (IoT) devices, and AI-powered analytics are making soil monitoring more efficient and accessible. These advancements are expected to fuel the market’s growth.

Government Initiatives: Many governments are supporting the adoption of modern agricultural techniques through subsidies, grants, and awareness campaigns, which further boost the market.

Technological Trends in the Soil Monitoring Market

The soil monitoring market is witnessing rapid technological innovation. These developments are not just making monitoring easier but also more accurate and efficient.

1. Sensor Technology Advancements

Modern soil monitoring systems rely heavily on sensors that can detect moisture, temperature, pH levels, and even nutrient content. These sensors are becoming smaller, more affordable, and more accurate, making them increasingly accessible to small and large-scale farmers alike.

2. IoT and Connectivity

The integration of Internet of Things (IoT) technology with soil monitoring systems is revolutionizing the way soil data is collected and analyzed. IoT-enabled sensors can transmit real-time data to farmers, enabling immediate action. This connectivity reduces the lag between data collection and response, thus enhancing decision-making.

3. AI and Machine Learning

Artificial Intelligence (AI) and machine learning (ML) are playing a pivotal role in soil monitoring. These technologies allow for predictive analytics, which can forecast soil conditions and recommend optimal solutions for irrigation, fertilization, and pest control. AI models can also identify patterns in large sets of data, enabling farmers to fine-tune their soil management practices.

4. Cloud Computing and Data Analytics

Cloud computing enables farmers to store vast amounts of soil data for analysis and reporting. Data analytics platforms allow farmers to visualize trends, identify problems, and make more precise decisions for better crop yields.

Regional Insights on the Soil Monitoring Market

The soil monitoring market is experiencing varied growth in different regions, driven by local agricultural practices, climate conditions, and technological adoption.

North America

North America holds a significant share of the soil monitoring market, driven by technological advancements, large-scale commercial farming, and government initiatives promoting sustainable agricultural practices. The U.S. and Canada are expected to continue being leaders in adopting soil monitoring technologies.

Europe

In Europe, the market for soil monitoring is also growing rapidly due to increasing concerns about soil health, environmental sustainability, and food security. European farmers are keen on adopting precision agriculture to optimize crop production while reducing the environmental footprint.

Asia-Pacific

The Asia-Pacific region, particularly countries like India and China, is expected to witness the fastest growth. The need for food security, coupled with increasing investments in smart farming technologies, is contributing to this growth.

Latin America and Africa

In Latin America and Africa, soil monitoring solutions are gaining popularity, especially among farmers looking to improve crop yields amidst unpredictable weather patterns and soil degradation. These regions, however, face challenges such as affordability and technological infrastructure, which may slow adoption in some areas.

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Key Market Players in Soil Monitoring

Several leading players are driving innovation in the soil monitoring market. These companies provide a range of products and services, from sensors and hardware to software solutions for soil analysis.

1. Ag Leader Technology

Ag Leader Technology is a key player in the soil monitoring market, providing precision agriculture solutions. The company’s soil sensors and software applications help farmers monitor and manage soil conditions in real-time.

2. The Toro Company

The Toro Company offers a range of soil monitoring equipment, including sensors and irrigation controllers. Its solutions are widely used in turf management and agricultural applications.

3. Sentek Technologies

Sentek Technologies specializes in soil moisture and salinity sensors, offering solutions to improve irrigation management and optimize water usage in agriculture.

4. John Deere

John Deere is one of the largest manufacturers of agricultural equipment. Its smart farming solutions, including soil monitoring technologies, are widely used by large-scale commercial farmers to enhance crop production efficiency.

Challenges and Barriers in the Soil Monitoring Market

Despite its rapid growth, the soil monitoring market faces some challenges.

1. High Initial Costs

The high upfront cost of implementing soil monitoring systems can be a barrier for small and medium-sized farmers, particularly in developing countries.

2. Data Overload

With the increasing use of sensors and IoT devices, farmers may face the challenge of handling vast amounts of data. Without the proper tools and expertise, data overload can reduce the effectiveness of soil monitoring.

3. Lack of Awareness

In some regions, there is a lack of awareness regarding the benefits of soil monitoring. Farmers may be hesitant to adopt new technologies due to a lack of understanding of their potential advantages.

4. Infrastructure Constraints

In many parts of the world, particularly in rural areas, there are challenges related to internet connectivity, electricity, and other infrastructure issues, which can hinder the adoption of soil monitoring technologies.

The Future of Soil Monitoring

The future of soil monitoring looks promising, with continued advancements in technology and increasing demand for sustainable agricultural practices. Here’s what to expect in the coming years:

Integration with Autonomous Systems: Soil monitoring will be increasingly integrated with autonomous systems like drones and robots for more efficient and precise data collection.

Increased Automation: With more data available, automated systems will manage soil conditions, reducing the need for manual intervention.

Personalized Solutions: As AI and machine learning evolve, soil monitoring solutions will become more personalized, with tailored recommendations for individual farms and crops.

FAQs

What is soil monitoring?

Soil monitoring involves the use of sensors and technology to analyze soil health and optimize agricultural practices such as irrigation, fertilization, and crop rotation.

What are the key drivers of the soil monitoring market?

The key drivers include the need for sustainable agriculture, advancements in sensor and IoT technology, and government initiatives supporting smart farming.

What technologies are used in soil monitoring?

Technologies like IoT-enabled sensors, AI-powered analytics, cloud computing, and data analytics are commonly used in soil monitoring systems.

How is soil monitoring affecting agriculture?

Soil monitoring improves decision-making, optimizes crop production, and reduces environmental impact by providing real-time data on soil conditions.

What are the challenges in the soil monitoring market?

High initial costs, data overload, lack of awareness, and infrastructure limitations are some of the challenges faced by the soil monitoring market.

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[industryinsightsandanalysis]

Asia-Pacific Agricultural Drone Market: Current Analysis and Forecast (2024-2032)

According to a new report by UnivDatos Market Insights, the Asia Pacific Agricultural Drone Market is expected to reach USD million by 2032 by growing at a CAGR of ~25%.

Currently, the agricultural sector in the Asia-Pacific (APAC) is experiencing a transformation at an incredible rate due to the application of advanced technology in drone technologies. As it is valid with many other countries worldwide, agriculture provides significant input to the economy of many countries in the APAC region and the utilization of drones is changing the way that farming occurs. Such devices, which were once employed solely in military or amateur applications, have become the foundation of smart agriculture today, providing such important features as more efficient crop management, lower labor intensity, and far better yield forecasting. With the growing concern of sustainable farming, agricultural drones have stylized themselves as the key drivers of growth in the region.

The Rise of Agricultural Drones in APAC

The use of agricultural drones has become quite popular in the APAC region in the recent past. China and Japan, with support from India and Australia and with manufacturers and providers of drones launching new solutions for farmers to address such issues as climate change, water deficiency, and shortages of labor while increasing production to meet people’s appetite for food. Advanced sensors with sophisticated imaging technologies on drones used in farming enable the giving of up-to-date health reports of crops for farmers to make better decisions in farming.

For instance, China is currently marketing itself as the drone manufacturing capital of the world and has companies such as DJI, XAG, etc that manufacture drones for agriculture among others. DJI has Agras dedicated series of drones for crop spraying, monitoring, and mapping and XAG’s drones for precision spraying and seeding. The current Chinese government’s drive towards smart agriculture has also increased the use of drones for agriculture among farmers.

On September 21, 2023 – Terra Drone Corporation, a leading drone and Urban Air Mobility (UAM) technology provider, expanded into the precision agriculture sector by acquiring the business of Avirtech, a leading startup providing agricultural drone spraying and mapping service in Southeast Asia. Terra Drone establishes a new company Terra Drone Agri in Malaysia. Terra Drone expands its business under the new business brand “Terra Agri” in Malaysia and Indonesia.

Government Support and Policy Assistance

In developed countries such as Japan where the rate of aging is high accompanied by a scarcity of workers in the field because of the promotion of Industry 4.0, the government embraced the use of agricultural drones to uphold productivity. The Japanese government has eased restrictions on drone operations and opened opportunities for using drone technology in farming.

Agricultural drones are also on the rise in India for farming purposes. At present, the Indian government has introduced schemes like the Digital Agriculture Mission and has been providing incentives to farmers using drones.

Advancements in Drone Technology

Modern technologies are helping to improve the specification of agricultural drones. Drones in the present use multi-spectral, thermal, and RGB sensors that give farmers efficient information regarding their fields. This type of sensor can identify diseases affecting the plant, availability or shortage of water, presence of pests, and low levels of nutrients even before an observer can identify them. Since the incorporation of AI and machine learning techniques, it has become possible for these drones to process substantial amounts of data and produce useful information through which precise farming can be done on a large scale.

Besides crop surveillance, drones in the APAC region are increasingly commonly used for the application of pesticides and fertilizers. For example, OPTiM Corp., a Japanese company uses drones with the application of artificial intelligence to allow farmers to spray large fields without much engagement of human beings.

May 2022: Adani Defence & Aerospace entered into definitive agreements for acquiring a 50% equity stake in agricultural drone startup - General Aeronautics. General Aeronautics, a Bangalore-based start-up specializes in developing robotic drones to offer tech-enabled crop protection services, crop health monitoring, precision farming, and yield monitoring using artificial intelligence and data analytics while working very closely with the farmers and agricultural chemical companies. General Aeronautics also has the presence of some reputed venture capital firms like Mela Ventures, founded by former Mindtree founders.

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The Future of Agricultural Drones in APAC

The APAC region has the potential for growth in agricultural drones because of several factors that are supporting their growth. As a first trend, food producers are more concerned with sustainable farming, making efficiencies possible by precision farming practices. Of course, the latter is done with the help of drones, which empower farmers with the information needed to make decisions aimed at decreasing the usage of water and fertilizer and increasing yields.

Second, as discussions on the efficacy of drones progress, the costs are projected to decline, thus catering to small and medium farmers. The introduction of new-generation drones with longer duration, higher payload, and the incorporation of artificial intelligence will add more value propositions to farmers in the APAC region.

Conclusion

Drones are the new trend in agriculture, already delivering solutions to some of the biggest problems emerging in agriculture across the Asia Pacific. Increased support and allocations from governments, further development in technology, and increasing recognition of the advantages of precision farming would drive the acceptance of agricultural drones in APAC in the next few years. Thus, as the technology of drones improves the future of agriculture in the region appears to be more efficient, sustainable, and productive.

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[latestmarketresearchnews]

Precision Farming Industry Growth Analysis & Forecast Research Report, 2030

The global precision farming market reached an estimated value of USD 10.50 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2030. This growth is driven largely by the widespread adoption of the Internet of Things (IoT) and advanced analytics in agriculture. Through IoT and advanced analytics, farmers can analyze and forecast data related to crop growth, soil health, and environmental conditions, ensuring more effective crop management and optimized yields. Advanced analytics, a branch of data science, provides tools and methodologies for interpreting large volumes of data, allowing farmers to plan their actions more accurately and increase agricultural productivity.

Recent technological advancements such as vertical farming, which uses carefully designed structures to maximize yields and minimize waste, have opened up numerous growth opportunities for precision farming. Additionally, investments in emerging agricultural technologies like autonomous tractors, guidance systems, and GPS-enabled sensing devices are expected to drive market expansion. Sensors such as those for soil, climate, and water are increasingly installed across agricultural fields to provide real-time data to farmers. These sensors aid in monitoring crop health, moisture levels, and other critical parameters, thus helping farmers increase crop yields while minimizing waste. Besides agriculture, these sensors are also being adopted in industries like pharmaceuticals, healthcare, automotive, and sports, showcasing their broad applicability.

Gather more insights about the market drivers, restrains and growth of the Precision Farming Market

In 2023, the North American precision farming market emerged as a strong revenue generator, fueled by the high adoption of advanced farming technologies like Variable Rate Technology (VRT) and GPS-based guidance systems for crop management. Although high investment costs pose a barrier to adoption, particularly for farmers in developing regions like China, India, and Brazil, precision farming ultimately offers substantial returns on investment. By reducing production costs and increasing operational efficiency, it provides long-term economic benefits.

The COVID-19 pandemic disrupted global supply chains, causing food shortages and inflation. These challenges emphasized the importance of a resilient food supply chain and the need for agricultural systems capable of remote operation. The pandemic underscored the role of smart farming technologies, which enable efficient agricultural management with minimal direct contact, helping farmers to recover losses quickly and contributing to the future growth of precision farming.

Application Segmentation Insights:

The yield monitoring segment held the largest revenue share, accounting for 43.25% in 2023. Yield monitoring, which helps farmers make data-driven decisions, is divided into on-farm and off-farm monitoring. On-farm yield monitoring allows farmers to access real-time data during harvest and to build historical databases to better understand field performance. This data helps farmers with landlord negotiations, environmental compliance documentation, and food safety records, making it a cornerstone of precision farming. Due to these benefits, yield monitoring is expected to remain a dominant segment.

The irrigation management segment is anticipated to grow significantly throughout the forecast period. Smart irrigation systems, using technologies like rain sensors, weather-based controllers, sensor-based controllers, and water meters, ensure the precise application of irrigation water. This minimizes water wastage and maximizes efficiency, making irrigation drones increasingly attractive for precision farming.

Weather tracking and forecasting are also set to experience notable growth, with an expected CAGR of 17.4% over the forecast period. Modern sensors, coupled with machine learning and advanced data analytics, enhance the accuracy and reliability of weather forecasts. Accurate weather forecasting helps farmers make timely decisions regarding planting, irrigation, and harvesting, directly impacting crop health and yield. As precision farming becomes more integrated with advanced forecasting tools, it is poised to transform the agriculture sector through enhanced productivity and efficiency.

Order a free sample PDF of the Precision Farming Market Intelligence Study, published by Grand View Research.

[xinrenresearch]

The Impact of AI on Agricultural Productivity: Farming for the Future

Agriculture has always been vital for human survival, but with the growing global population, climate change, and limited resources, the challenges farmers face today are enormous. Enter Artificial Intelligence (AI) — a technology that’s transforming the way we farm, making it smarter, more efficient, and sustainable.

More details: https://www.xinrenresearch.com/reports/ai-in-agriculture-productivity-market/

AI is changing the game for agriculture by helping farmers do more with less. From precision farming to predictive analytics, autonomous machinery, and smart irrigation systems, AI is revolutionizing the entire agricultural process. Here’s how:

Precision Farming: AI uses data from sensors, drones, and satellites to give farmers real-time insights into their crops and soil conditions. This helps farmers apply exactly the right amount of water, fertilizers, and pesticides, saving resources and boosting crop yields.

Predictive Analytics: AI algorithms analyze weather patterns, soil health, and historical data to predict crop yields, pest outbreaks, and the best times to plant or harvest. This proactive approach helps farmers plan better and reduce losses.

Autonomous Machinery: Self-driving tractors, robots, and drones equipped with AI are taking over tasks like planting, harvesting, and monitoring crops. This reduces the need for manual labor, speeds up operations, and improves efficiency.

Smart Irrigation: AI-powered irrigation systems monitor soil moisture and weather conditions to deliver the exact amount of water needed. This conserves water, prevents over-irrigation, and keeps crops healthy.

Why it Matters: AI helps farmers produce more food while conserving resources like water and energy, making agriculture more sustainable. It also empowers farmers to adapt to challenges like climate change and labor shortages. Whether it's increasing crop yields, reducing waste, or making farming more environmentally friendly, AI is shaping the future of agriculture.

The Future of Farming is Here! 🌾🚜

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[harshnews]

Variable Rate Technology (VRT) Market Size, Share, Trends, Growth and Competitive Analysis

"Global Variable Rate Technology (VRT) Market' – Industry Trends and Forecast to 2028

Global Variable Rate Technology (VRT) Market, By Product (Soil Sensing VRT, Fertilizer VRT, Seeding VRT, Crop Protection Chemical VRT, Yield Monitor VRT, Irrigation VRT, Other), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), Farm Size (Large Farms, Small Farms, Mid-Size Farms), Offering (Hardware, VRT Service, VRT Software), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

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**Segments**

- **Hardware**: The hardware segment of the Variable Rate Technology (VRT) market includes GPS systems, handheld devices, sensors, drones, and smart farming equipment. Advancements in technology have led to the development of highly sophisticated hardware components that are integral to the successful implementation of VRT practices in agriculture. These hardware components enable precise data collection, analysis, and application of variable rate inputs, resulting in optimized agricultural practices and enhanced crop yields.

- **Software**: The software segment of the VRT market comprises precision farming software, data management tools, and decision support systems. These software solutions play a crucial role in processing the vast amounts of data collected from various sources such as sensors, drones, and satellite imagery. By leveraging advanced algorithms and analytics, farmers can make informed decisions regarding variable rate applications of fertilizers, pesticides, and irrigation, leading to improved efficiency and sustainability in agriculture.

- **Services**: The services segment of the VRT market includes consulting services, integration and implementation services, and maintenance and support services. As the adoption of VRT practices continues to grow among farmers worldwide, the demand for specialized service providers offering expertise in precision agriculture solutions is also increasing. These services assist farmers in implementing VRT technologies effectively, optimizing their operations, and maximizing the benefits of variable rate applications in agriculture.

**Market Players**

- **Deere & Company**: Deere & Company is a leading player in the VRT market, offering a wide range of precision agriculture solutions that leverage advanced hardware and software technologies. The company's innovative products enable farmers to enhance productivity, reduce input costs, and improve sustainability through precise variable rate applications.

- **Trimble Inc.**: Trimble Inc. is another prominent player in the VRT market, known for its high-precision GPS systems, data management software, and agronomic solutions. The company's comprehensive VRT offerings empower farmers to make data-driven decisions and optimize their agricultural practices for better outcomes.

- **Ag Leader Technology**: Ag Leader Technology specializes in providingAg Leader Technology has positioned itself as a key player in the Variable Rate Technology (VRT) market by offering a comprehensive suite of precision agriculture solutions tailored to the needs of modern farmers. The company's focus on innovation and customer-centric approach has enabled it to carve out a significant market share in the increasingly competitive VRT landscape. Ag Leader Technology's product portfolio includes precision farming hardware such as GPS systems, sensors, and displays, as well as a range of sophisticated software solutions for data management, analysis, and decision support.

One of the key strengths of Ag Leader Technology lies in its ability to provide integrated VRT solutions that seamlessly combine hardware and software components to deliver value-added services to farmers. By offering a holistic approach to precision agriculture, the company ensures that farmers can leverage the full potential of VRT technologies to optimize their operations, increase productivity, and maximize yields. Ag Leader Technology's emphasis on user-friendly interfaces and intuitive design also sets it apart from competitors, making it easier for farmers to adopt and implement VRT practices on their farms.

In addition to its robust product offerings, Ag Leader Technology has built a reputation for its exceptional customer support and technical assistance services. The company's team of agricultural experts and field technicians are on hand to provide guidance, training, and troubleshooting assistance to farmers looking to implement VRT solutions effectively. This personalized approach to customer service has been instrumental in fostering long-term relationships with clients and establishing Ag Leader Technology as a trusted partner in the precision agriculture industry.

As the global agriculture sector continues to face challenges such as climate change, resource constraints, and shifting consumer preferences, the demand for innovative technologies like VRT is expected to grow. Ag Leader Technology is well-positioned to capitalize on this trend by further expanding its product portfolio, enhancing its software capabilities, and strengthening its market presence through strategic partnerships and collaborations. By staying at the forefront of technological advancements and prioritizing customer success, Ag Leader Technology is poised to sustain its growth trajectory and solidify its position as a leading player in the**Global Variable Rate Technology (VRT) Market, By Product**: - Soil Sensing VRT - Fertilizer VRT - Seeding VRT - Crop Protection Chemical VRT - Yield Monitor VRT - Irrigation VRT - Other

**Crop Type**: - Cereals and Grains - Oilseeds and Pulses - Fruits and Vegetables - Others

**Farm Size**: - Large Farms - Small Farms - Mid-Size Farms

**Offering**: - Hardware - VRT Service - VRT Software

**Country**: - U.S. - Canada - Mexico - Germany - Poland - Ireland - Italy - U.K. - France - Spain - Netherlands - Belgium - Switzerland - Turkey - Russia - Rest of Europe - Japan - China - India - South Korea - New Zealand - Vietnam - Australia - Singapore - Malaysia - Thailand - Indonesia - Philippines - Rest of Asia-Pacific - Brazil - Argentina - Chile - Rest of South America - UAE - Saudi Arabia - Egypt - Kuwait - South Africa - Rest of Middle East and Africa

The global Variable Rate Technology (VRT) market is witnessing significant growth due to the increasing adoption of precision agriculture practices to enhance crop yields, optimize resource utilization, and address sustainability challenges in

Key points covered in the report: -

The pivotal aspect considered in the global Variable Rate Technology (VRT) Market report consists of the major competitors functioning in the global market.

The report includes profiles of companies with prominent positions in the global market.

The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.

The driving factors for the growth of the global Variable Rate Technology (VRT) Market are thoroughly explained along with in-depth descriptions of the industry end users.

The report also elucidates important application segments of the global market to readers/users.

This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.

The experts also evaluate the export/import policies that might propel the growth of the Global Variable Rate Technology (VRT) Market.

The Global Variable Rate Technology (VRT) Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Variable Rate Technology (VRT) Market Landscape

Part 04: Global Variable Rate Technology (VRT) Market Sizing

Part 05: Global Variable Rate Technology (VRT) Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

The investment made in the study would provide you access to information such as:

Variable Rate Technology (VRT) Market [Global – Broken-down into regions]

Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]

Country-wise Market Size Split [of important countries with major market share]

Market Share and Revenue/Sales by leading players

Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.

Market Size

Market Size by application/industry verticals

Market Projections/Forecast

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[ananya5400]

Precision Irrigation Market Size, Latest Trends, Growth Drivers, Leading Players, and Opportunities

The precision irrigation market size is estimated at USD 4.18 billion in 2024 and is projected to reach USD 6.29 billion by 2029, at a CAGR of 8.5% from 2024 to 2029. The global demand for precision irrigation is growing rapidly, driven by rising mechanization and the adoption of smart agricultural technologies. According to a report from FICCI in 2023, more than 95% of farming activities in the US and Canada are now mechanized. This transition boosts efficiency and productivity as farmers use advanced machinery for a variety of tasks. Moreover, technologies such as the Internet of Things (IoT) are becoming popular, allowing farmers to monitor and control irrigation systems remotely using their smartphones. This innovation facilitates precise water management and scheduling, which are crucial for sustainable farming practices. With ongoing investments in research and development, integrating sprinkler and drip irrigation systems presents promising growth opportunities in the precision irrigation market.

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Fertigation Sensors are Projected to Experience the Highest CAGR in the Precision Irrigation Market During the Forecast Period.

The demand for fertigation sensors in precision irrigation is expected to increase significantly due to their crucial role in optimizing nutrient delivery and water use. These sensors help farmers monitor and adjust nutrient levels in real-time, leading to higher crop yields and better resource efficiency. As sustainable agriculture gains importance, fertigation sensors offer precise control over fertilizer use, reducing waste and environmental harm. Compared to traditional sensors like soil moisture and temperature gauges, fertigation sensors meet the rising need for integrated nutrient management, making them crucial for modern farming practices.

The AI and machine learning algorithms in irrigation segment within the technology type has a larger share and is growing at a higher CAGR in the precision irrigation market during the forecast period.

For precision irrigation to maximize water use and boost crop yields, artificial intelligence (AI) and machine learning are essential because they analyse vast amounts of data from sensors, weather forecasts, and soil conditions. These technologies allow farmers to make real-time decisions, applying water only when and where it's necessary, which reduces waste and improves efficiency. With their ability to recognize patterns and adapt over time, AI and machine learning are set for significant growth in the precision irrigation market, surpassing other technologies like IoT, GIS, and cloud computing due to their superior predictive capabilities.

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Based on region, North America dominated the precision irrigation market in 2023.

North America region dominated the precision irrigation market in 2023. This dominance was due to the modern farming techniques and significant investments in irrigation technologies. Prominent manufacturers such as Hunter Industries Inc. (US), RainBird Corporation (US), Valmont Industries Inc. (US), and The Toro Company (US) are based in this region. These manufacturers promote innovation and make precision irrigation solutions more accessible. A July 2023 article by the non-governmental organization Food and Water Watch reported that drought, exacerbated by climate change and poor water management, is having a severe impact on New Mexico, with industrial agriculture using over 80% of the state's freshwater resources. This heavy reliance on irrigation, along with challenges like water scarcity and strict regulations, encourages farmers to adopt more efficient methods like precision irrigation.

Top Precision Irrigation Companies:

The report profiles key players such as Valmont Industries, Inc. (US), NETAFIM (Israel), Hunter Industries Inc. (US), The Toro Company (US), Rain Bird Corporation (US), Lindsay Corporation (US), Rivulis (Israel), HydroPoint (US), REINKE MANUFACTURING CO., INC. (US), AZUD (Spain), T-L Irrigation (US), and Mahindra Irrigation (India).

[ashimbisresearch]

Detailed Analysis on "Global Smart Crop Monitoring Market" (2023-2028) | BIS Research

The smart crop monitoring market is experiencing unprecedented growth, fueled by technological advancements and the pressing need for sustainable agricultural practices. As the world population continues to expand, the demand for food production rises, making efficient crop monitoring systems indispensable.

The global smart crop monitoring market was valued at $2.78 billion in 2022, and it is expected to grow with a CAGR of 16.90% during the forecast period 2023-2028 to reach $7.16 billion by 2028. This growth of the crop monitoring market is likely to be driven by the increasing demand for optimized crop yields and efficient use of resources in agriculture.

Key Driving Forces Behind the Market Growth

Technological Advancements: The convergence of emerging technologies such as Internet of Things (IoT), artificial intelligence (AI), and data analytics has revolutionized crop monitoring. Smart sensors, drones, and satellite imaging platforms provide real-time insights into crop health, moisture levels, and nutrient status, enabling timely interventions.

Need for Precision Agriculture: Precision agriculture has emerged as a solution to optimize resource utilization and maximize crop yields. Smart crop monitoring systems facilitate precise data collection, allowing farmers to tailor irrigation, fertilization, and pest management strategies according to specific crop requirements.

Climate Change and Environmental Concerns: Climate variability and environmental degradation pose significant challenges to agricultural productivity. Smart crop monitoring technologies help farmers adapt to changing climatic conditions, mitigate risks, and minimize the environmental impact of farming practices.

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Key Components of Smart Crop Monitoring

IoT Sensors: The Internet of Things (IoT) sensors play a pivotal role in smart crop monitoring, providing real-time data on crucial parameters such as soil moisture, temperature, and nutrient levels.

Satellite Imagery: Utilizing satellite imagery allows for comprehensive monitoring of large agricultural areas. High-resolution images assist in identifying crop health, pest infestations, and growth patterns.

Drones and UAVs: Unmanned aerial vehicles (UAVs) equipped with advanced imaging sensors enable precise and detailed aerial monitoring of crops. Drones offer a rapid and efficient means of collecting data for analysis.

Data Analytics and AI: The integration of data analytics and artificial intelligence (AI) allows for the processing of vast datasets. AI algorithms can identify patterns, predict crop yields, and provide actionable insights for informed decision-making.

Applications Across Agricultural Practices

Crop Health Monitoring: Smart crop monitoring systems enable continuous monitoring of crop health parameters such as leaf color, biomass, and temperature. Early detection of pests, diseases, and nutrient deficiencies allows farmers to implement targeted interventions, reducing yield losses.

Soil Moisture Management: Efficient water management is critical for crop productivity and sustainability. Smart sensors embedded in the soil provide real-time data on moisture levels, enabling farmers to optimize irrigation schedules and prevent water wastage.

Yield Prediction and Forecasting: Data analytics algorithms process crop monitoring data to predict yield potential and anticipate harvest outcomes. Accurate yield forecasting facilitates production planning, market analysis, and risk management for farmers and agribusinesses.

Weed Detection and Management: Smart imaging technologies identify and classify weeds in agricultural fields, enabling precise weed control measures. Integrated with robotic systems or autonomous vehicles, smart crop monitoring solutions offer efficient weed management strategies, minimizing herbicide use and crop damage.

Future Outlook and Market Trends

Increasing adoption of precision agriculture practices worldwide.

Advancements in remote sensing technologies and data analytics algorithms.

Integration of IoT and AI-driven solutions for real-time monitoring and decision-making.

Growing investments in agri-tech startups and research initiatives.

Integration with Farm Management Systems.

Blockchain for Traceability.

Conclusion

The Global Smart Crop Monitoring Industry is a key enabler of sustainable and efficient agriculture. As the world grapples with the challenge of feeding a growing population in the face of climate change, the integration of smart technologies becomes imperative. The ongoing evolution of smart crop monitoring holds the promise of a more resilient, productive, and environmentally conscious future for global agriculture.

[industrynewsupdates]

Farm Management Software Market Outlook and Forecast Report, 2030

The global farm management software market size is anticipated to reach USD 10.58 billion by 2030, growing at a CAGR of 16.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Farm management software has witnessed remarkable growth in the agriculture industry, primarily driven by the need for increased efficiency and productivity, technological advancements, and digital transformation in agriculture. The software provides farmers with valuable tools and features to streamline farm operations, optimize resource utilization, and make data-driven decisions, ultimately enhancing productivity and reducing operational costs. For instance, a modern farm using farm management software can efficiently manage irrigation schedules based on real-time weather data, analyze soil conditions to determine optimal crop varieties, and monitor equipment performance remotely, resulting in higher yields and improved profitability.

The rising awareness of sustainability and environmental concerns has prompted farmers to adopt more eco-friendly practices. Farm management software facilitates site-specific crop management, reducing pesticide usage and minimizing environmental impact. For example, by using data from the software to identify areas with pest infestations, farmers can apply targeted treatments, reducing overall chemical usage and preserving the ecosystem's health. In addition, the integration of precision agriculture technologies with farm management software allows farmers to adopt precise and resource-efficient practices, such as variable rate application of fertilizers, further improving sustainability and resource management on the farm.

Farmers’ increasing focus on crop yield, productivity, and farm efficiency is expected to positively influence the demand in the market over the forecast period. Technologies such as cloud computing and the Internet of Things (IoT) are expected to increase the usage of big data, artificial intelligence, and robots in farming. Big data is essential in providing predictive insights in agriculture, redesigning business processes, and making real-time operational decisions for altering business models.

Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market

Detailed Segmentation:

COVID-19 Impact

The COVID-19 pandemic significantly impacted the farm management software market. As the agricultural sector faced supply chain disruptions and challenges, there was a notable surge in the demand for digital solutions. Farmers sought to minimize physical interactions and optimize farm operations remotely, driving the adoption of farm management software with data analytics and remote monitoring capabilities. Precision agriculture also gained momentum, with farmers leveraging software-integrated tools like GPS-guided equipment and sensors to enhance resource utilization and efficiency.

Agriculture Type Insights

Based on agriculture type, the market has been segmented into precision farming, livestock monitoring, smart greenhouses, and others. The other segment includes horticulture and fish farming. The precision farming segment dominated the overall farm management software market with a share of 43.5% in 2022 and is expected to remain dominant over the forecast period.

Precision farming involves using IoT and Information Communication Technologies (ICT) to preserve resources and optimize yields. It will help the growers control the amount of fertilizers to be applied to the farm field by measuring conditions within a field and adapting the harvesting strategy accordingly. Both hardware and software tools are used to analyze the naturally occurring conditions in every field and are treated accordingly. The key application of precision farming includes yield monitoring, crop scouting, irrigation management, inventory management, and weather tracking.

Deployment Model Insights

Based on deployment model, the market has been segmented into web-based and cloud-based. The cloud-based segment is anticipated to witness the highest CAGR of 17.7% over the forecast period. The cloud-based software solution does not require users to purchase a server to run the farm software. Adopting these solutions is expected to reduce the costs of administering servers, purchasing the servers, software licensing, backups, and security. Furthermore, the solutions can be accessed from mobile phones, PCs, and tablets.

Solution Insights

Based on solution, the market has been segregated into software and services. The software segment dominated with a revenue share of 63.9% in 2022. The growth of the segment can be attributed to the increasing recognition of the advantages that digital solutions bring to the agriculture industry. Farm management software offers various key benefits to agricultural businesses, such as streamlining farm operations, efficient resource management, improved decision-making through data analytics, enhanced crop planning, and better inventory tracking.

Regional Insights

North America dominated the overall market in 2022, with a revenue share of 33.7%. North America has prominent market players such as AgJunction LLC; Farmers Edge Inc.; CropZilla Inc.; and Deere & Company. The region's adoption of precision agriculture practices, efficient resource management, and focus on sustainability drive the demand for farm management software solutions. Additionally, the growing emphasis on data-driven decision-making and advancements in technology contribute to the high market share in North America. These factors enable farmers to optimize their operations, improve productivity, and stay competitive in the evolving agricultural landscape.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global AI agents market size was valued at USD 3.86 billion in 2023 and is expected to grow at a CAGR of 45.1% from 2024 to 2030.

• The global accelerated processing unit market size was estimated at USD 13.85 billion in 2023 and is projected to grow at a CAGR of 17.5% from 2024 to 2030. 

Key Companies & Market Share Insights

The market is competitive and has the presence of several key market players. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, in January 2021, Farmers Edge, Inc. announced a partnership with Google Cloud to promote the company’s services and boost the implementation of artificial intelligence, machine learning, and predictive analysis in its program. 

Some prominent players in the global farm management software market include:

• Ag Leader Technology

• AgJunction LLC

• BouMatic

• CropX, Inc.

• CropZilla Inc.

• DeLaval

• DICKEY-john

• Deere & Company

• Corteva

• CNH Industrial

• Trimble Inc.

• Climate LLC.

• Gamaya

• GEA Group Aktiengesellschaft

• Farmers Edge Inc.

• Gronetics

Farm Management Software Market Segmentation

Grand View Research has segmented the global farm management software market based on agriculture type, deployment model, solution, and region:

Farm Management Software Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

• Precision Farming

• Livestock Monitoring

• Smart Greenhouse

• Others

Farm Management Software Deployment Model Outlook (Revenue, USD Million, 2017 - 2030)

• Web-based

• Cloud-based

Farm Management Software Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Software

• Services

o System Integration & Consulting

o Maintenance & Support

o Managed Services

o Data Services

o Analytics Services

o Farm Operation Services

o Assisted Professional Services

o Supply Chain Management Services

o Climate Information Services

Farm Management Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Latin America

o Brazil

o Mexico

• Middle East and Africa (MEA)

o Kingdom of Saudi Arabia (KSA)

o UAE

o South Africa

Order a free sample PDF of the Farm Management Software Market Intelligence Study, published by Grand View Research.

[gis56]

"Smart Pest Management: Innovations and Market Insights for the Next Decade"

Smart Pest Monitoring System Market : Say goodbye to outdated pest control methods and hello to Smart Pest Monitoring Systems! 🚀🌾 With IoT, AI, and real-time data analysis, these systems are transforming agriculture by keeping an eye on pests 24/7! 🦗📡 Farmers can now track, predict, and prevent infestations before they become a threat, all while reducing pesticide use and safeguarding the environment. 🌍💪 This tech isn’t just smart — it’s sustainable, cost-effective, and the future of crop protection! 🌱🔍 Ready to boost yield and save crops the high-tech way? Time to upgrade your fields! 💯🔥

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#SmartPestControl #AgriTech #FutureOfFarming #IoTInAgriculture #SustainableFarming #PrecisionAgriculture #AIForGood #CropProtection #FarmingRevolution #SmartFarming #TechInAg #AgriInnovation

[tamanna31]

Smart Agriculture Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030

Smart Agriculture Industry Overview

The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. 

Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.

Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market

Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.

To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.

Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.

The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030. 

The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.

AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.

Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.

Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.

Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.

Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives

Key Smart Agriculture Companies:

Ag Leader Technology

AGCO Corporation

AgJunction, Inc.

AgEagle Aerial Systems Inc.

Autonomous Solutions, Inc.

Argus Control Systems Ltd

BouMatic Robotic B.V.

CropMetrics

CLAAS KGaA mbH

CropZilla

Deere & Company

DICKEY-john

DroneDeploy

DeLaval Inc

Farmers Edge Inc

Grownetics, Inc.

Granular, Inc.

Gamaya

GEA Group Aktiengesellschaft

Raven Industries

Trimble Inc.

Topcon Positioning System

Recent Developments

In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.

In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.

In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.

In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.

In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.

In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.

In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.

In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

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5G NTN Market Poised for Growth: What’s Fueling This Connectivity Revolution?

The 5G Non-Terrestrial Network (NTN) market is set to revolutionize communication systems across the globe. With its potential to extend high-speed connectivity beyond the reach of traditional infrastructure, 5G NTN is poised for exponential growth. According to Intent Market Research, the 5G NTN market is projected to surge from USD 1,352.7 million in 2023 to an impressive USD 3,688.1 million by 2030, marking a robust Compound Annual Growth Rate (CAGR) of 15.4%. In this article, we’ll break down the major drivers, trends, and challenges that make the 5G NTN market an area to watch closely.

What is 5G NTN?

5G NTN is a groundbreaking approach to telecommunications, where non-terrestrial networks—such as satellites, high-altitude platforms, and unmanned aerial vehicles (UAVs)—connect remote and underserved regions. Unlike traditional terrestrial networks that depend on land-based infrastructure, NTN can deliver reliable connectivity to places previously unreachable by fiber or cellular towers.

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Why is 5G NTN Important?

The limitations of traditional terrestrial networks have often excluded rural, maritime, and even some urban areas from reliable connectivity. 5G NTN bridges this gap, making high-speed, reliable communication accessible worldwide. This transformation has enormous implications for industries like agriculture, transportation, healthcare, and emergency response, where real-time data and communication are critical.

The Key Drivers Behind 5G NTN Market Growth

Expanding Connectivity Needs The demand for seamless connectivity is growing, especially in areas where traditional infrastructure is lacking. With the rise of IoT devices and connected applications, 5G NTN can support uninterrupted coverage in even the most remote areas.

Growing Demand in Remote and Rural Areas 5G NTN is an ideal solution for providing connectivity in remote and rural areas, allowing for enhanced digital services in agriculture, remote healthcare, and education.

Emergence of Smart Cities and Autonomous Vehicles Smart cities and autonomous vehicles rely on robust and widespread connectivity. 5G NTN can enable such high-tech developments by ensuring continuous communication even in areas with poor terrestrial coverage.

Improved Disaster Response and Humanitarian Aid In regions struck by natural disasters, terrestrial infrastructure may be compromised. 5G NTN can provide instant, resilient communication in such situations, proving critical for rescue and relief efforts.

Market Segmentation in 5G NTN

Based on Component

Hardware: This includes satellites, ground stations, and other physical components that enable the NTN infrastructure.

Software: Software is critical for controlling and managing 5G NTN, including algorithms for optimized routing, data processing, and connectivity.

Services: Services focus on deployment, maintenance, and operation support for 5G NTN networks.

Based on Application

Telecommunications: 5G NTN provides extended coverage, which can enhance mobile communication, even in unreachable locations.

Agriculture: The 5G NTN market is influencing precision farming by connecting IoT-enabled sensors that gather real-time data on weather, soil, and crops.

Healthcare: Remote areas can now benefit from telemedicine, where NTN connectivity allows healthcare providers to consult, diagnose, and monitor patients remotely.

Transportation: Enhanced connectivity helps manage logistics, especially in shipping and air travel, where consistent communication is critical for safety and efficiency.

Based on Geography

North America: This region is expected to lead the 5G NTN market due to its advanced technology infrastructure and significant investments in NTN.

Asia-Pacific: With countries like China and Japan investing heavily in NTN, this region is anticipated to witness significant growth.

Europe: European countries are also rapidly adopting 5G NTN, especially for smart city and autonomous vehicle projects.

Technological Advances Pushing 5G NTN Forward

5G NTN relies on advancements in satellite technology, network virtualization, and edge computing. Satellites are now smaller, more cost-effective, and capable of delivering higher speeds. Network virtualization enables the flexible allocation of resources, while edge computing ensures lower latency, a critical factor in real-time applications.

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Challenges in the 5G NTN Market

High Costs of Deployment Setting up a non-terrestrial network requires significant investment in satellite launches, ground stations, and maintenance.

Regulatory and Spectrum Issues The 5G NTN market faces regulatory challenges due to differing standards, and spectrum allocation is also complex due to competition with other network types.

Technical Limitations Latency and data transmission challenges still exist, although they are improving with technology advancements.

Future of the 5G NTN Market

Looking forward, the 5G NTN market will likely see rapid adoption in both developed and developing regions. Emerging economies are expected to rely on NTN to leapfrog infrastructure limitations, while developed nations will use NTN to bolster their 5G networks, ensuring they can support smart cities, autonomous transportation, and IoT-heavy applications.

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Agritourism Market Seen Soaring 12.9% Growth to Reach USD 161 Billion by 2032

According to a new report by Univdatos Market Insights, Agritourism Market, is expected to reach USD 161 Billion in 2032 by growing at a CAGR of 12.9%. Agritourism, a rapidly growing segment of the tourism industry, merges agricultural activities with tourism to offer visitors an immersive rural experience. This unique form of tourism provides a respite from urban life, allowing individuals and families to engage with nature, understand farming processes, and enjoy the tranquillity of rural landscapes. As people increasingly seek sustainable and meaningful travel experiences, agritourism has become a popular choice, catering to those who wish to reconnect with the land and learn about agricultural practices. The essence of agritourism lies in its ability to provide educational and recreational experiences centered around farming and rural life. Activities such as farm stays, harvest festivals, farm-to-table dining, and hands-on farming workshops offer visitors a chance to experience the day-to-day operations of a working farm. These experiences are not only enjoyable but also foster a deeper appreciation for the agricultural sector and its contributions to society. Additionally, agritourism plays a crucial role in supporting local economies by creating additional revenue streams for farmers and promoting rural development.

The report suggests that the Increasing Government Support to Agrotourism is one of the major factors driving the market in the forthcoming years. Increasing government support has become a pivotal driver in the growth of the agritourism market. Governments around the world recognize the multifaceted benefits of agritourism, which combines agricultural activities with tourism to provide educational, recreational, and economic opportunities. This recognition has led to the implementation of policies, funding programs, and promotional efforts aimed at bolstering the agritourism sector.

One of the primary ways governments support agritourism is through financial incentives. Grants, subsidies, and low-interest loans are frequently provided to farmers and rural entrepreneurs to develop agritourism initiatives. These financial aids enable farmers to diversify their income streams, reduce their reliance on traditional agriculture, and improve their economic resilience. By offering monetary support, governments help mitigate the initial costs associated with establishing agritourism facilities, such as building guest accommodations, creating visitor centers, and developing infrastructure for activities like farm tours, workshops, and festivals.

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Source: UnivDatos Market InsightsRecent Technological Advancements:

Recent technological advancements in digital twins for healthcare significantly enhance the agrotourism industry.

Smart Farming and IoT Integration: Utilizing Internet of Things (IoT) devices for real-time monitoring of crops, livestock, and environmental conditions. Sensors and drones are employed to collect data on soil moisture, temperature, and crop health, enhancing precision farming practices.

Agri-Drone Technology: Drones are being used for aerial surveys, crop spraying, and monitoring. They provide high-resolution images and data that help in better managing crop health, detecting diseases, and improving yield.

Blockchain for Transparency: Blockchain technology is being used to ensure transparency and traceability in the agritourism supply chain. It helps in tracking the journey of products from farm to table, assuring visitors of the authenticity and quality of the produce.

Virtual and Augmented Reality (VR/AR): VR and AR technologies are being used to create immersive agritourism experiences. Visitors can take virtual tours of farms, learn about farming practices, and even participate in simulated farming activities.

Mobile Apps and Platforms: Development of mobile applications that connect tourists with agritourism destinations. These apps provide information on farm stays, activities, booking options, and interactive maps, enhancing the overall visitor experience.

Automated Machinery and Robotics: The use of robots and automated machinery for tasks such as planting, harvesting, and packaging. These advancements increase efficiency and reduce the need for manual labor, making farming operations more sustainable.

Conclusion

The agritourism market is experiencing significant growth, driven by the increasing interest in sustainable and authentic travel experiences. Technological advancements are playing a crucial role in this expansion, transforming traditional farming practices and enhancing the visitor experience. The integration of smart farming techniques, IoT, and drone technology has revolutionized precision agriculture, ensuring better crop management and productivity. Blockchain provides transparency and traceability, building trust among visitors regarding the quality and authenticity of farm produce. Virtual and augmented reality offer immersive experiences, allowing tourists to explore farms and participate in activities from anywhere in the world. Mobile apps and digital platforms streamline the process of discovering and booking agritourism destinations, while automated machinery and robotics improve operational efficiency on farms. Sustainable energy solutions, such as solar panels and wind turbines, align with the growing demand for eco-friendly practices, attracting environmentally conscious travelers.Top of Form

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2024−2032

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis by Activity, and Sales Channel

Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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