Global Smart Plantation Management Systems Market - 2023-2030

Global Smart Plantation Management Systems Market - 2023-2030
Market Overview

The global smart plantation management systems market reached US$ 1,077.2 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 1,823.3 million by 2030. The market is growing at a CAGR of 6.8% during the forecast period (2023-2030).

Global smart plantation management systems market is growing over the forecast period due to the increase in the need of smart plantation management system to boost crop yield to fulfill global food demand. Increase in the technologicel advancement in the smart plantation management system helps to boost market growth over the forecast period.

Market Dynamics

Increase In Technological Advancements Is Expected To Drive The Market Growth

Advanced sensors monitor the soil conditions and atmosphere for efficient crop growth by providing proper irrigation practices. Sensors monitor the information regarding temperature, humidity, and soil moisture. These notifications will be sent on the farmer's phone to monitor the water requirement of the crop field, which helps to increase the quality and production of crops by providing proper irrigation. These advanced technologies help to save time and labor costs for farmers. For instance, satellite monitoring of land plots allows farmers to easily follow the growth status of plants and carry out crop yield estimation using remote sensing. Adopting smart farming techniques and the rising awareness about these systems is anticipated to positively impact on smart plantation management systems market in the forecast period.

Increasing Demand For Food Because Of The Rising Population

Rapid increase in the world population and increase living standard of consumers create demand for the smart plantation management systems. Food production is essential for satisfying the demand for food, world population is expected to exceed 9.7 billion by 2050. To ensure that food is produced in adequate amounts to feed the expanding population, food producers employ a variety of smart plantation management systems.

COVID-19 Impact Analysis

Covid 19 pandemic disturbed the supply chain in the smart plantation management systems market, but companies explored new opportunities to interact with growers and farmers by leveraging technologies. Companies have started focusing more on wireless platforms to enable real-time decision-making concerning yield monitoring, crop health monitoring, field mapping, irrigation scheduling, and harvesting management. During the pandemic, labor shortage was a major problem farmers faced, owing to an increase in the adoption of automation in agriculture.

Using remote sensing and farm management software tools could lead to higher adoption during the COVID-19 period. Covid-19 was expected to accelerate the installation of internet of things devices in agriculture farms worldwide to optimize irrigation scheduling, reducing labor requirements in the field. Adopting innovative digital technology for remote consultation and diagnosis helped to reduce the risk of Covid 19 transmission.

Segment Analysis

The global smart plantation management systems market is segmented based on type, crop, component and region.

The Irrigation Systems Segment Accounted For The Highest Share Of The Global Smart Plantation Management Systems Market

Smart plantation management systems market have been segmented by type as irrigation systems, plant growth monitoring systems, harvesting systems.

Technological advancement in the irrigation system helps to boost segment growth. The soil moisture sensors estimate the soil volumetric water content. Soil moisture sensors are connected to an existing irrigation system controller to measure the soil moisture content in the root zone before scheduled irrigation and bypass the cycle if the soil moisture is adequate. Rain or Freeze Sensors interrupt the irrigation cycle during rain or freeze events when irrigation is unnecessary. Wind sensors interrupt the irrigation cycle if wind speed exceeds. These irrigation techniques help to save water and improve plant growth.

Geographical Analysis

Increase In The Government Initiatives For Smart Plantation Management Systems In Asia Pacific Is Expected To Drive The Regional Growth

By region, the global smart plantation management systems market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and America.

The government of India is providing financial support to Agri tech startups and promoting the adoption of artificial Intelligence to revolutionize agricultural and farming trends. For instance, the Indian government partnered with Microsoft to empower small-holder farmers in India. The partnership seeks to increase the farmers' income through greater crop yield and superior price control using artificial intelligence sensors. This partnership helped to boost the adoption of artificial intelligence in farming.

Competitive Landscape

The major global players include Yara International, Koch AG & Energy Solutions, Coromandel International, Agriculture Solutions Inc., Hafia Groups, Sapec Agro S.A., Kugler Company, Van Iperen International B.V., Robert Bosch, and Netafim.

Why Purchase the Report?
• To visualize the global smart plantation management systems market segmentation based on product type, application, end-use and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of Smart Plantation Management Systems market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global smart plantation management systems market report would provide approximately 61 tables, 58 figures and 195 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies