Crop Monitoring Market Share & Global Industry Forecast Report, 2021-2028
Global Crop Monitoring Market
As projected by the GMI Research Report, the Crop Monitoring Market will rapidly accelerate over the forecast period. This is because of the surging demand for crop supervision with intensified initiatives to enhance crop production.
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Crop Monitoring Market Dynamics
The surging demand for higher crop productivity to fulfil the food demand for huge population is a key force supplementing the growth of the global crop monitoring market. Also, the growing demand for constant supervision of crop condition to reach better decisions for agriculture and an estimation of required premise for crop production will strengthen the global Crop Monitoring market size. For example, as per the food and agriculture organization, United States in 2018, the chief crop production touched approximately 9.2 billion tons because of the mounting population. For instance, the UN Population Organization estimated the population to be 7.7 billion in 2019, and is projected to reach 8.5 billion by 2030.
Moreover, the increasing inclination to adopt sophisticated technologies such as Internet of Things and Artificial Intelligence for national and regional agriculture supervision systems which intends to offer information about food production for higher productivity in regards of national food security will raise the Crop Monitoring market share. For example, Arable, in July 2021, introduced a latest generation of IoT instruments for data-guided farming to earn an advantage of wireless networks, modernised sensors, and machine learning to ameliorate crop growth.
However, the need for highly skilled workers to use digitalised tools and inflated capital cost for the sophisticated technology with the need for proper training and guidance will restrain the Crop Monitoring market size.
Technology Segment Drivers
Based on the technology, the remote sensing segment is projected to lead the market with the highest rate over the coming years. This is because of the increasing acquisition of the sophisticated technologies for agricultural supervision. For example, EOS in Sept, 2019, introduced satellite supervision technology to enhance farm efficiency by almost 20% for the North American market.
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