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DUBLIN--(BUSINESS WIRE)--Nov 25, 2024--
The "Smart Crop Scouting and Smart Spraying Market - A Global and Regional Analysis: Focus on Market by Application, Product, and Region - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.
The global smart crop scouting and smart spraying market, initially valued at $5.33 billion in 2024, is poised for substantial growth, projected to surge to $19.55 billion by 2034, marking a remarkable compound annual growth rate (CAGR) of 13.86% over the period from 2024 to 2034.
This growth has been driven by farmers' increasing demand for precision farming techniques that enhance sustainability and maximize crop yields. By integrating advanced technologies such as sensors, drones, and artificial intelligence, smart crop scouting and smart spraying enable farmers to manage their fields more efficiently and precisely.
Farmers are increasingly adopting these technologies to achieve greater operational efficiency and maximize their crop output. The ability to precisely monitor crop conditions and apply inputs only where needed helps farmers optimize resources, reduce waste, and improve profitability. As a result, smart scouting and spraying have become central components of modern agricultural practices, aligning with the industry's broader goals of sustainability and resource optimization.
The competitive landscape of the smart crop scouting and smart spraying market has been shaped by leading players such as Deere & Company, Trimble Inc., and Ag Leader Technology. These companies offer advanced solutions that combine robust product portfolios with cutting-edge innovations tailored to meet the evolving needs of today's farmers. Their focus on research and development ensures continuous improvement in the functionality of smart farming tools.
Additionally, smaller niche players and startups are entering the market, focusing on specialized areas such as spatial data analytics and machine learning applications. This influx of new technology providers is intensifying competition and spurring collaborations as companies seek to strengthen their market presence and offer more comprehensive solutions to farmers. For instance, in April 2021, the collaboration between HORSCH and Trimble aimed to develop autonomous agricultural solutions, further pushing the industry toward more automated and efficient farming practices.
As smart crop scouting and smart spraying technologies continue to evolve, the market is set for substantial growth in the coming years. These innovations empower farmers to manage their fields with unprecedented precision, ultimately leading to higher yields, reduced costs, and a more sustainable agricultural ecosystem. With increased adoption and continued technological advancements, the future of smart farming is poised to redefine how crops are cultivated and managed globally.
Market Segmentation
Segmentation by Application
The pest detection segment is one of the prominent application segments in the global smart crop scouting market, and the crop protection chemical application segment is one of the prominent application segments in the global smart spraying market.
Segmentation by Product
The global smart crop scouting market is estimated to be led by software in terms of product in 2033, and the global smart spraying market is estimated to be led by drone sprayers in terms of product in 2033.
Recent Developments in the Global Smart Crop Scouting and Smart Spraying Market
Demand - Drivers and Limitations
The following are the demand drivers for the global smart crop scouting and smart spraying market:
The market is expected to face some limitations as well due to the following challenges:
Key Market Players and Competition Synopsis
The global smart crop scouting and smart spraying market has been studied and analyzed with a multi-faceted approach as it broadly covers two distinct markets, i.e., smart crop scouting market and smart spraying market. The objective of augmenting both markets is to provide clarity on how smart spraying activity is considered in response to smart crop scouting. The report aims to bring clarity to the minds of crop growers, especially about how both smart crop scouting and smart spraying go hand in hand. The global smart crop scouting and smart spraying market has been segmented by different applications and products.
Some of the prominent established names in the Smart Crop Scouting and Smart Spraying market are:
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 167 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value (USD) in 2024 | $5.33 Billion |
| Forecasted Market Value (USD) by 2034 | $19.55 Billion |
| Compound Annual Growth Rate | 13.8% |
| Regions Covered | Global |
Key Topics Covered:
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends: Overview
1.1.2 Technological Advancements and Increasing Adoption Rate for Precision Farming
1.1.3 Drones Revolutionizing Precision Farming: Enhancing Efficiency, Sustainability, and Reducing Costs in Smart Agriculture
1.1.4 Emerging Imaging and Data Collection Technologies
1.2 Supply Chain Overview
1.3 Research and Development Review
1.4 Stakeholder Analysis
1.5 Startup Landscape
1.6 Market Dynamics Overview
1.6.1 Market Drivers
1.6.1.1 Necessity for Advancements in Agricultural Methods
1.6.1.2 Strategic Impact of Global Trade and Market Integration on Agricultural Technology Adoption
1.6.1.3 Rising Need to Increase Crop Production
1.6.2 Market Challenges
1.6.2.1 High Costs Hindering Widespread Adoption of Advanced Farming Technologies
1.6.2.2 Compatibility with Existing Equipment
1.6.3 Market Opportunities
1.6.3.1 Integral Offerings with Horizontal Integration in Farming
1.6.3.2 Climate-Smart Agriculture
2 Application
2.1 Application Segmentation
2.2 Application Summary
2.2.1 Smart Crop Scouting Market (by Application)
2.2.2 Smart Spraying Market (by Application)
2.3 Smart Crop Scouting and Smart Spraying Market (by Application)
2.4 Smart Crop Scouting Market (by Application)
2.4.1 Weed Detection
2.4.2 Disease and Damage Detection
2.4.3 Pest Detection
2.4.4 Nutrient Analysis
2.4.5 Others (Crop Health Monitoring, Soil Moisture Assessment)
2.5 Smart Spraying Market (by Application)
2.5.1 Nutrient Application
2.5.2 Crop Protection Chemical Application
2.5.3 Herbicides
3 Products
3.1 Product Segmentation
3.2 Product Summary
3.2.1 Smart Crop Scouting Market (by Product)
3.2.1.1 Smart Crop Scouting Market (by Equipment Testing)
3.2.1.2 Smart Crop Scouting Market (by Software Testing)
3.2.2 Smart Spraying Market (by Product)
3.3 Smart Crop Scouting and Smart Spraying Market (by Product)
3.4 Smart Crop Scouting Market (by Product)
3.4.1 Equipment Scouting
3.4.1.1 Robots
3.4.1.2 Drones/UAVs
3.4.1.3 Sensors
3.4.2 Software Scouting
3.4.2.1 Geographic Information System (GIS) Software
3.4.2.2 Remote Sensing Software
3.4.2.3 Crop Management Software
3.5 Smart Spraying Market (by Product)
3.5.1 Tractor Mounted and Self-Propelled Sprayers
3.5.2 Robotic Sprayers
3.5.3 Drone Sprayers
4 Regions
5 Markets - Competitive Benchmarking & Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/dpmmnt
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KEYWORD:
INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES
SOURCE: Research and Markets
Copyright Business Wire 2024.
PUB: 11/25/2024 07:10 AM/DISC: 11/25/2024 07:10 AM
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