Smart Plantation Management Systems Market is Segmented By Type(Irrigation Systems, Plant Growth Monitoring Systems, Harvesting Systems), By Crop(Coffee, Oilseeds, Sugarcane, Cotton, Others), By Component(Hardware, Software), By Region (North America, South America, Europe, Asia Pacific, Middle East & Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Smart Plantation Management Systems Market Overview
[170 pages] Report analyses 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). The competitive rivalry intensifies with Koch AG & Energy Solutions, Agriculture Solutions Inc., Coromandel International and others operating in the market.
Smart plantation management systems have the potential to revolutionize the agricultural industry by improving efficiency and increasing yields. During the forecast period, the market for smart plantation management systems is anticipated to benefit from the distribution of subsidiaries to farmers who employ smart farming practices as well as from greater awareness of these systems.
Smart Plantation Management Systems Market Summary and Scope
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Metrics |
Details |
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CAGR |
6.8% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) |
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Segments Covered |
Type, Crop, Component and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Smart Plantation Management Systems Market Dynamics and Trends
Increase In Technological Advancements Is Expected To Drive The Market Growth
The smart plantation management system adopts technological advancements like sensor technologies, software applications, smart irrigation systems, machine learning, hardware applications, and data analytics solutions. Internet of things technology monitors crops and sends their information to the cloud for analysis. Sometimes, these devices communicate with other related devices and act on the information they get from one another. This technology provides information about farming fields and then takes action depending on the farmer's input.
High Cost Of The Smart Plantation Systems
The high cost of smart plantation systems is one of the major challenges farmers face who want to adopt these technologies. Smart plantation systems require sensors, drones, cameras, and other hardware components to collect and transmit data. These components can be costly, especially for large-scale operations. In addition to hardware costs, smart plantation systems also require software to process and analyze data. Developing and maintaining this software can be expensive, especially for more complex systems. Installing and maintaining smart plantation systems can also be costly. Depending on the complexity of the system, it may require specialized expertise, which can add to the overall cost. Smart plantation systems generate large amounts of data that must be stored and managed. The cost of storing and processing this data can be significant, especially for larger operations.
Smart Plantation Management systems Market Segmentation 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 have been segmented by type as irrigation systems, plant growth monitoring systems, and circular blades. Irrigation systems are combinations of advanced technology of sprinklers with a nozzle that improves coverage, and irrigation controllers are water conservation systems that monitor moisture-related conditions. Irrigation technology has two main operators: new controllers and add-on sensors. New controllers have two types such as climate-based controllers and soil moisture sensor controllers.
These new controllers used local weather data to adjust irrigation schedules. Climate-based controllers gather local weather information and make irrigation run-time adjustments so the landscape only receives the appropriate amount of water. Instead of using weather data, soil moisture sensor controllers utilize a soil moisture sensor placed below ground in the root zone of plants to determine water needs.
Smart Plantation Management systems Market Geographical Share
Asia Pacific is The Dominating Region Due To an Increase In Demand For Smart Plantation Management Systems
By region, the global smart plantation management systems market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and Africa.
The Asia Pacific region dominates the smart plantation management system due to the favorable climatic conditions for plantation crops. Developing countries like India and China have embraced this smart plantation management system and are adopting it strongly. India has a huge potential due to the extensive cultivation of plantation crops, which include tea, sugarcane, and cotton. An innovative plantation management system improves crop yield with optimized usage of resources. India is increasingly adopting smart plantation management systems due to an increment in rural population, great accessibility to fertile lands, and increased research and development activities in agriculture. For instance, the Indian budget for 2022 focused on smart and modern agricultural practices. Under the PM Kisan Samman Nidhi scheme, US$ 26.4 billion has been disbursed to farmers.
Smart Plantation Management systems Companies and 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.
COVID-19 Impact on Smart Plantation Management Systems Market
The COVID-19 pandemic has had a significant impact on the agriculture industry as a whole, including the adoption and implementation of smart plantation management systems. Many farmers and agricultural companies have delayed the implementation of smart plantation management systems due to the economic uncertainties caused by the pandemic. The pandemic has disrupted global supply chains, which has impacted the availability and delivery of hardware components and other inputs needed for smart plantation systems.
By Type
- Irrigation Systems
- Plant Growth Monitoring Systems
- Harvesting Systems
By Crop
- Coffee
- Oilseeds
- Sugarcane
- Cotton
- Others
By Component
- Hardware
- Software
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- On December 01, 2022, Netafim India, a top smart irrigation solution manufacturer, and supplier, introduced its Flexi Sprinkler Kit, a ground-breaking field crops sprinkler irrigation system.
- On March 20, 2022, PepsiCo, US-based beverage manufacturing company, partnered with N-Drip, an Israeli irrigation company, for water conservation technology across 10,000 hectares by 2025.
- On June 01, 2021, Honda India Power Products Limited (HIPP) launched an irrigation pressure pump to support farmers. The "WB20XD & WB30XD" models' most recent iterations meet the irrigation needs of crops in hilly terrains and plains, respectively, making them appealing to farmers in various Indian regions and market segments.
Why Purchase the Report?
- To visualize the global smart plantation management systems market segmentation based on type, crop, component 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
