The report “Smart Plantation Management Systems Market by Type (Irrigation Systems, Plant Growth Monitoring Systems, and Harvesting Systems), Crop (Coffee, Oilseeds, Sugarcane, and Cotton), Component (Hardware and Software), and Region – Global Forecast to 2025″, The smart plantation management systems market is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2025, recording a compound annual growth rate (CAGR) of 5.8% during the forecast period. The major factors driving the growth of the smart plantation management systems market include the increase in adoption of plantation intelligence (PI) and data mining by farmers and a reduction in the wastage of resources and manpower.
By crop, the fruit segment is projected to account for the largest market share during the forecast period.
The smart plantation management systems market, by crop, was dominated by the fruits segment throughout the forecasted period, as fruits have emerged as a key crop for the usage of smart plantation management systems, given the large number of players offering smart plantation systems for fruits and technologies developed for different types of fruits. Grapes, citrus fruits, and apples are the major fruits where smart plantation management systems have been implemented due to their higher consumption.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55075442
The hardware segment in the smart plantation management systems is estimated to dominate the market.
The market for hardware is estimated to dominate the smart plantation management systems in 2019. The hardware component consists of various sensors, controllers, GPS devices, displays, flow meters, solenoid valves, and switches, among others. Sensors are installed on the plants or soil to sense and collect real-time data, which is used to generate reports and maps to assist farmers in making decisions about their crops. Some of the major sensors used are soil, water, weather, moisture, wind intensity, and temperature sensors. Thus, advancement in software systems drives the growth of hardware components.
The North American region is projected to be the fastest-growing region in the smart plantation management systems market during the forecast period.
The North American region is projected to be the fastest-growing segment in the smart plantation management systems market during the forecast period, owing to the largest concentration of manufacturers and service providers involved in the smart plantation management systems market. The market in North America is facing an acute labor shortage due to work conditions and pay, resulting in the wastage of several plantation crops and agricultural land. Erratic weather patterns and the lack of proper information also result in crop losses. This has resulted in more farms seeking alternative solutions in the form of smart plantation management systems.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=55075442
The prominent vendors in the smart plantation management systems market include Robert Bosch (Germany), Deere & Company (US), Netafim (Israel), Synelixis Solutions (Greece), DTN (US), AgroWebLab Co., Ltd (AWL) (China), Tevatronics (Israel), SemiosBio Technologies (Canada), WaterBit (US), Phytech (Israel), Rivulis (Israel), Jain Irrigation Systems (India), Hidrosoph (Portugal), and AquaSpy (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/smart-plantation-management-system-market-55075442.html