Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 196.37 Million | USD 423.16 Million | 11.59% | 2022 |
According to the report published by Zion Market Research, the global Smart Plantation Management Systems Market size was valued at USD 196.37 Million in 2022 and is predicted to reach USD 423.16 Million by the end of 2030. The market is expected to grow with a CAGR of 11.59% during the forecast period.
The report analyzes the global Smart Plantation Management Systems Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Smart Plantation Management Systems Market Industry.
The smart plantation management system is an intelligent smart system that works on the basis of the data collected by the sensors installed in the system. These are used to monitor and keep check on soil moisture, humidity, temperature, light intensity, crop health, and many more. These systems facilitate smart irrigation control systems to maintain the water supply on the basis of the data collected by its sensors installed for soil moisture analysis.
These systems set notifications & alerts for farmers and help in tracking & monitoring the health of the crop. The smart plantation management system reduces operational costs and averts crop failure in large farmlands.
The global smart plantation systems market is expected to grow exponentially during the forecast period due to the surging adoption of these systems by farmers across the globe. The reduction in the wastage of resources further propels the global smart plantation systems market.
The increasing use of the Internet of Things (IoT) is transforming the lifestyle in several fields including traditional agriculture, home, manufacturing, and many others. The IoT is being increasingly adopted in the smart plantation system to integrate agricultural production tools, crops, and people. It can read and analyze the environmental data of farms and give feedback to people. The IoT aids the farmers in knowing the growth status of the crops in real time. It facilitates the scientific management of crop cultivation and hence increases income and production.
The system helps in smart irrigation technologies for crop cultivation. The automatic frequency conversion irrigation system is developed on the frequency conversion technology to aid the automatic start and stop of the pump. The reason for its proliferation can be attributed to the reduction in load time of the pump as it does not operate for a long time. The water pressure and flow are streamlined at a single level to avoid damage to the pump.
The emergence of 3D laser scanning, hyperspectral imaging, and drone-based imaging sensors in the smart plantation system is positively shaping the trajectory of the global smart plantation systems market.
The global smart plantation systems market can be segmented into type, crop, component, and region.
By type, the market can be segmented into harvesting systems, plant growth monitoring systems, and irrigation systems. The plant growth monitoring segment dominates the market due to its ability to control and track the growth of the plants by sending alerts to the farmers.
By crop, the market can be segmented into fruits, cotton, sugarcane, oilseeds, coffee, and others. The fruit segment holds the largest share in the global smart plantation systems market as fruit is a vital crop and a number of players are providing smart technologies for fruit crop management.
By component, the market can be segmented into hardware and software. The hardware segment holds hegemony over the other. The hardware consists of switches, valves, solenoids, flow meters, displays, GPS devices, controllers, sensors, and others. Sensors are installed on the soil to collect real-time data to assist farmers in take the right decisions regarding crop cultivation.
Asia Pacific holds the largest share in the global smart plantation systems market owing to the favorable climate all over the year. The increasing support from the government to promote the smart plantation management system in farming is contributing significantly to regional growth in the global market.
North America is the growing region in the global market due to the presence of key players in the region. The growing technological developments in the region also fueled the regional market growth.
Some of the significant players in the global smart plantation systems market are:
By Type:
By Crop:
By Component:
By Region:
FrequentlyAsked Questions
The global smart plantation systems market is expected to grow exponentially during the forecast period due to the surging adoption of these systems by farmers across the globe. The reduction in the wastage of resources further propels the global smart plantation systems market.
Some of the significant players in the global smart plantation systems market are Aquaspy, Hidrosoph, Jain Irrigation Systems, Rivulis, Phytech, Waterbit, Semiosbio Technologies, Lavatronics, Agroweblab Co., Ltd (awl), Dtn, Synelixis Solutions, Netafim, Deere & Company, and Robert Bosch.
Asia Pacific holds the largest share in the global smart plantation systems market owing to the favorable climate all over the year. The increasing support from the government to promote the smart plantation management system in farming is contributing significantly to regional growth in the global market.
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