IMARC Group, a leading market research company, has recently releases report titled, “Autonomous Crop Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global autonomous crop management market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the autonomous crop management market?
The global autonomous crop management market size reached US$ 1.68 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.29 Billion by 2028, exhibiting a growth rate (CAGR) of 17.00% during 2023-2028.
What is autonomous crop management?
Autonomous crop management refers to the utilization of advanced technologies, such as artificial intelligence (AI), machine learning, sensors, robotics, and data analytics, to enhance the cultivation and management of crops in agriculture. This approach aims to reduce human intervention and optimize the entire crop production process, from planting and growth monitoring to harvesting and yield estimation. These systems can control irrigation and nutrient delivery based on real-time soil and weather conditions. This ensures that crops receive the optimal amount of water and nutrients for their growth, minimizing waste and resource usage. They can also identify signs of disease or stress in plants at an early stage that allows for prompt intervention and mitigation, preventing the spread of diseases and minimizing crop loss. In addition, it offers several benefits, including increased efficiency, reduced resource wastage, improved yield, and more sustainable agricultural practices. As a result, autonomous crop management is gaining traction across the agricultural industry.
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What are the growth prospects and trends in the autonomous crop management industry?
The global autonomous crop management market is witnessing robust growth driven by a convergence of technological advancements and the imperative need for sustainable agriculture practices. Autonomous crop management, enabled by cutting-edge technologies like artificial intelligence, IoT sensors, and data analytics, has emerged as a game-changer for the agriculture industry. Farmers and agribusinesses are increasingly embracing autonomous systems to optimize crop production, reduce resource wastage, and ensure food security. One of the key drivers propelling the growth of the market is the surging need to address the challenges posed by the expanding global population. This demand-supply gap necessitates innovative approaches to enhance agricultural productivity while conserving resources. Autonomous crop management solutions offer real-time insights into soil conditions, weather patterns, and crop health, enabling precise and timely interventions that maximize yields. Besides, the increasing complexity of modern farming practices further underscores the significance of autonomous systems. Nowadays, farms are vast with intricate ecosystems where multiple variables impact crop outcomes. Autonomous technologies streamline decision-making processes by analyzing vast volumes of data and delivering actionable recommendations. Moreover, sustainability has emerged as a prominent trend driving the adoption of autonomous crop management solutions. Environmental concerns, water scarcity, and climate change are compelling the agricultural sector to adopt practices that minimize ecological footprints. Autonomous systems play a pivotal role in this paradigm shift by enabling precision agriculture. They facilitate targeted irrigation, judicious use of fertilizers, and reduced pesticide application, resulting in enhanced environmental sustainability. The synergy between autonomous crop management and digital connectivity is also a notable trend in this market. The integration of IoT devices and cloud-based platforms allows farmers to monitor and manage their crops remotely.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Solution:
- Software
- Services
- Professional Services
- Managed Services
Breakup by Deployment:
- On-premises
- Cloud-based
Breakup by Application:
- Crop Tracking and Management
- Weather Tracking and Forecasting
- Irrigation Management
- Labor and Resource Tracking
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Agrivi
- Conservis LLC
- Cropin Technology Solutions Private Limited
- Croptracker, Inc.
- CropX Inc.
- EasyFarm
- FarmERP (Shivrai Technologies Pvt. Ltd.)
- International Business Machines Corporation
- Proagrica (RELX Group)
- Raven Industries, Inc. (CNH Industrial)
- Topcon Corporation
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