Smart plantation management system market is anticipated to grow at a CAGR of 5.9% during the forecast period. The increasing reliance of the agricultural sector on cloud computing, IoT technology, agricultural sensors, smart irrigation systems, and machine learning is expected to create a favourable environment for the smart plantation management systems industry. The advent of hyper-spectral imaging, 3D laser scanning, and drone-based imaging sensors interconnected through cloud platforms are expected to result in higher penetration of plantation intelligence and subsequently facilitate the implementation of smart plantation management systems across the globe.For instance, in august 2021,AeroFarms and Nokia Bell Labs unveiled a groundbreaking multi-year partnership to combine their expertise and expand their joint capabilities in cutting-edge networking, autonomous systems, and integrated machine vision and machine learning technologies to identify and track plant interactions at the most advanced levels. Nokia Bell Labs, contributes its groundbreaking autonomous drone control and orchestration systems, private wireless networks, robust image, and sensor data pipelines, and innovative artificial intelligence (AI) enabled mobile sensor technologies, that allow AeroFarms to reach the next level of imaging insights and enhanced its capabilities as akey industry operator.
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Among all regions, the Asia-Pacific region is expected to be the fastest-growing region in the market over the forecast period due to the growing initiatives by the government for digitalization in the region. For instance, as per India Brand Equity Fund, in September 2021, the Union Minister of Agriculture & Farmers Welfare, initiated the Digital Agriculture Mission 2021–2025, by signing five memorandum of understanding(MoUs) with CISCO, Ninjacart, Jio Platforms Ltd., ITC Ltd., and NCDEX e-Markets Ltd. (NeML), to forward digital agriculture through pilot projects. The Digital Agriculture Mission 2021–2025 aims to support and accelerate projects based on new technologies, such asAI, blockchain, remote sensing, and GIS technology, and the use of drones and robots.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Smart Plantation Management SystemsMarket by Type
- Irrigation Systems
- Plant Growth Monitoring Systems
- Harvesting Systems
Global Smart Plantation Management Systems Market by Crop
- Coffee
- Oilseeds
- Sugarcane
- Cotton
- Others
Global Smart Plantation Management Systems Market by Component
- Hardware
- Software
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Abaco Group UK
- AG Leader Technology
- Agricultural Solutions
- Agroweblab Co.,Ltd.
- Aquaspy
- Coromandel International Ltd.
- Cropmetric
- DTN
- Hidrosoph
- Koch Ag And Energy Solutions, Llc
- Netafim Ltd
- Phytech
- Raven Industries, Inc.
- Rivulis
- Semios
- Synelixis SA
- Teejet Technologies
- Topcon Positioning Systems, Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart plantation management systemmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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