Global Smart Crop Monitoring Market Size & Outlook
The global smart crop monitoring market size was estimated at USD 2,315.9 million in 2023 and is projected to reach USD 5,769.3 million by 2030, growing at a CAGR of 13.9% from 2024 to 2030.
Revenue, 2023 (US$M)
$2,315.9
Forecast, 2030 (US$M)
$5,769.3
CAGR, 2024 - 2030
13.9%
Report Coverage
Worldwide
Global smart crop monitoring market, 2018-2030 (US$M)
Global smart crop monitoring market highlights
- The global smart crop monitoring market generated a revenue of USD 2,315.9 million in 2023 and is expected to reach USD 5,769.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.9% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 2,315.9 million in 2023.
- Hardware is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 2,315.9 million |
| Market revenue in 2030 | USD 5,769.3 million |
| Growth rate | 13.9% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, the North America accounted for 31.3% of the global smart crop monitoring market in 2023.
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Smart Crop Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Raven Industries | View profile | 1001-5000 | Sioux Falls, South Dakota, United States, North America | http://ravenind.com |
| Prospera Technologies | View profile | 11-50 | Tel Aviv, Tel Aviv, Israel, Asia | https://prospera.ag |
| AGCO Corporation | View profile | 10001+ | Beloit, Kansas, United States, North America | https://www.sunflowermfg.com/ |
| The Small Robot Company | View profile | 11-50 | Salisbury, Wiltshire, United Kingdom, Europe | https://www.smallrobotcompany.com/ |
| CLAAS | View profile | 10001+ | Harsewinkel, Nordrhein-Westfalen, Germany, Europe | https://claas-gruppe.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Trimble Inc | View profile | 12700 | 10368 Westmoor Drive, Westminister, CO, United States, 80021 | https://www.trimble.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
Global smart crop monitoring market size, by regions, 2018-2030 (US$M)
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