Global Crop Scouting Precision Farming Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 8,390.20 Million |
 Market Size (Forecast Year) |
USD 14,632.91 Million |
 CAGR |
% |
| Major Markets Players |
Global Crop Scouting Precision Farming Market, By Offerings (HardwareSoftware, Services), Technology (Guidance Technology, Remote Sensing Technology, Variable Rate Technology) – Industry Trends and Forecast to 2029.
Crop Scouting Precision Farming Market Analysis and Size
The rising number of application of crop scouting precision farming systems such as smart sensing and modern agricultural techniques are in wide usage across the globe. The adoption of artificial intelligence-based solutions is creating growth opportunities for the market over the forecasted period.
Global crop scouting precision farming market was valued at USD 8,390.20 million in 2021 and is expected to reach USD 14632.91 million by 2029, registering a CAGR of 7.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Crop Scouting Precision Farming Market Scope and Segmentation
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Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Offerings (Hardware, Software, Services), Technology (Guidance Technology, Remote Sensing Technology, Variable Rate Technology) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Deere & Company. (U.S.), Trimble Inc. (U.S.), AGCO Corporation. (U.S.), AGJUNCTION INC (Canada), Raven Industries (U.S.), Ag Leader Technology (U.S.), AgEagle Aerial Systems Inc (U.S.), TeeJet Technologies (India), Taranis (U.S.), Topcon (Japan), Hexagon Agriculture (U.S.), Corteva. (U.S.), Prospera Technologies (Israel), Autonomous Tractor Corporation. (U.S.), Climate LLC. (U.S.), CropX inc. (Israel), Descartes Labs, Inc. (U.S.), Startupxplore (Spain), DICKEY-john. (U.S.), Farmers Edge Inc. (Canada), CropMetrics LLC (U.S.), Grownetics, Inc. (U.S.), LexisNexis Risk Solutions Group (U.S.), Trimble (U.S.), Topcon (Japan) |
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Market Opportunities |
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Market Definition
Crop scouting precision farming refers to the precision and inspection techniques for managing the field and the output. The farmers use these methods to receive enhanced and accurate, highly-efficient outputs.
Global Crop Scouting Precision Farming Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rapid adoption of advanced technologies
The adoption of advanced technologies enables the farmers to replace the task of labors and deliver the output more efficiently and accurately. It also allows them to cover large areas of their field in less time and more efficiently. Adopting advanced technologies such as smart sensors, automated guidance technologies and automatic steering technologies help reduce labor costs and utilize resources in the best possible way by minimizing the generated waste. All these factors are driving the growth of the crop scouting precision farming market over the forecasted period.
- Growing innovations in farming sector
The growing innovations in farming sector such as vertical farming with smart designs to maximize yields and reduce wastes is the major factor that is increasing demands for precision farming methods. Additionally, the wide range of smart sensors such as water, temperature and soil-based sensors are playing an important role in the high demands for precision farming systems. This factor is expected to drive the growth of the crop scouting precision farming market over the forecasted period.
Opportunities
- Rising use of artificial intelligence (AI) based solutions
The growing penetration of artificial intelligence based applications is estimated to generate lucrative opportunities for the market, which will further expand the crop scouting precision farming market's growth rate in the future. They help the farmers extract controlled and accurate outputs in various applications such as water management, pest control, etc. The wide usage of these tools is expected to create significant lucrative growth opportunities for the market over the forecasted period.
Restraints/Challenges
- Difficulty in collection of data
The difficulty in collection and analysis of collected data from variable rate seeding, seed monitoring, soil testing and others is a factor crating hindrance for the market and is expected to obstruct market growth.
- High Costs of equipment
The main drawback is that the costs of the farming equipment is higher than average. This factor is projected to be a challenge for the crop scouting precision farming market over the forecast period.
This crop scouting precision farming market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the crop scouting precision farming market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Crop Scouting Precision Farming Market Scope
The crop scouting precision farming market is segmented on the basis of product type, cable category, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offerings
- Hardware
- Automation & Control Systems
- Drones
- Application Control Devices
- Guidance System
- GPS
- GIS
- Remote Sensing
- Handheld
- Satellite Sensing
- Driverless Tractors
- Mobile Devices
- VRT
- Map-based
- Sensor-based
Wireless Modules
- Bluetooth Technology
- Wi-Fi Technology
- Zigbee Technology
- RF Technology
Sensing Devices
- Soil sensor
- Nutrient Sensor
- Moisture Sensor
- Temperature Sensor
- Water Sensor
- Climate Sensor
Others
- Antennas & Access Points
- Software
- Web-based
- Cloud-based
- Services
- System Integration & Consulting
- Maintenance & Support
- Managed Services
- Data Services
- Analytics Services
- Farm Operation Services
- Assisted Professional Services
- Climate Information Services
- Supply Chain Management Services
Technology
- Guidance Technology
- Remote Sensing Technology
- Variable Rate Technology
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Crop Scouting Precision Farming Market Regional Analysis/Insights
The crop scouting precision farming market is analyzed and market size insights and trends are provided by country, product type, cable category, application and end use.as referenced above.
The countries covered in the crop scouting precision farming market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the crop scouting precision farming market because of the adoption of advanced technology along with the development of improve infrastructure within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising number of initiatives by the government for the adoption of advanced technology within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Crop Scouting Precision Farming Market Share Analysis
The crop scouting precision farming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to crop scouting precision farming market.
Some of the major players operating in the crop scouting precision farming market are
- Deere & Company. (U.S.)
- Trimble Inc. (U.S.)
- AGCO Corporation. (U.S.)
- AGJUNCTION INC (Canada)
- Raven Industries (U.S.)
- Ag Leader Technology (U.S.)
- AgEagle Aerial Systems Inc (U.S.)
- TeeJet Technologies (India)
- Taranis (U.S.)
- Topcon (Japan)
- Hexagon Agriculture (U.S.)
- Corteva. (U.S.)
- Prospera Technologies (Israel)
- Autonomous Tractor Corporation. (U.S.)
- Climate LLC. (U.S.)
- CropX inc. (Israel)
- Descartes Labs, Inc. (U.S.)
- Startupxplore (Spain)
- DICKEY-john. (U.S.)
- Farmers Edge Inc. (Canada)
- CropMetrics LLC (U.S.)
- Grownetics, Inc. (U.S.)
- LexisNexis Risk Solutions Group (U.S.)
- Trimble (U.S.)
- Topcon (Japan)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
