Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 910.64 Million | USD 3,929.54 Million | 17.64% | 2023 |
The global smart weed control market size was evaluated at $910.64 million in 2023 and is slated to hit $3,929.54 million by the end of 2032 with a CAGR of nearly 17.64% between 2024 and 2032.
Smart weed control in the farming sector involves integrating new technologies and a data-driven approach to effectively controlling weeds. Furthermore, the rise in the use of new tools such as computer vision, machine learning, and robotics in agricultural activities for identifying and eliminating unwanted vegetation has boosted the demand for smart weed control. Through analysis of plant characteristics and growth patterns, smart weed control systems target weeds while reducing the latter’s influence on desirable crops.
Rising use of drones in agricultural activities is likely to drive the growth of the global market over the forecast period
Humungous use of autonomous UAVs, AI-driven equipment, and sensors in agriculture will drive the growth of the global smart weed control market. Furthermore, a rise in crop yield and crop loss owing to weed infestation and the necessity of sustainable farming practices is anticipated to boost the global market trends. In addition to this, the eco-friendly nature of the product is anticipated to pave the way for humungous growth of the global market. Apart from this, smart weed control provides precise and targeted herbicide applications, thereby reducing chemical use and the risk of polluting the environment.
An increase in the initial costs of the product can hinder the growth of the global industry over 2024-2032
A rise in the preliminary costs of smart weed control equipment installation and growing issues regarding data security can put brakes on the growth of the global smart weed control industry.
Growing need for curbing the use of chemical fertilizers to open new growth avenues for the global market
A massive reduction in the chemical pesticide use in farming activities due to environmental & health hazards caused by chemical pesticides can open new growth avenues for the global smart weed control market. Growing acceptance of precision farming activities can pave the way for humungous expansion of the global market.
Rise in the cyber terrorism can challenge the expansion of the global industry by 2032
Lack of interoperability can challenge the expansion of the global smart weed control industry growth in the coming years. An increase in cyber-attacks obstructs the expansion of the industry globally.
The global smart weed control market is divided into type, technique, application, and region.
In terms of type, the smart weed control market across the globe is bifurcated into weed mapping and weed sensing & management segments. Additionally, the weed sensing & management segment, which acquired nearly two-thirds of the global market earnings in 2023, is expected to record the highest annual rate of growth in the analysis timeline. The expansion of the segment in the next eight years can be subject to the ability of weed sensing to offer real-time information on weed distribution & patterns of growth.
Based on the technique, the global smart weed control industry is divided into herbicidal and tillage segments. Moreover, the herbicidal segment, which gathered approximately 48% of the global industry proceeds in 2023, is set to make major contributions towards the global industry profits over the coming years. The growth of the segment in the forecasting years can be credited to a rise in the use of herbicidal techniques in smart weed control activities.
Based on the application, the global smart weed control market is divided into agriculture and non-agriculture segments. Moreover, the agriculture segment, which gathered approximately 51% of the global market revenue in 2023, is set to make major contributions towards the global market size over the coming years. The growth of the segment in the forecasting years can be credited to the large-scale use of smart weed control in agricultural activities.
Report Attributes | Report Details |
---|---|
Report Name | Smart Weed Control Market |
Market Size in 2023 | USD 910.64 Million |
Market Forecast in 2032 | USD 3,929.54 Million |
Growth Rate | CAGR of 17.64% |
Number of Pages | 223 |
Key Companies Covered | Tertill Corporation, Agremo Ltd., Weed-It Ag by Rometron B.V., Carbon Autonomous Robotic Systems Inc., Trimble Inc., Garford Farm Machinery Ltd, Carbon Bee AdTech., Deere & Company., Earth Rover Ltd., Robovator, Terramera Inc., LEMKEN GmbH & Co. KG, Ecorobotix SA, Ecosmart Weed Control LLC, Farmwise, PrecisionHawk Inc., Greeneye Technology by Centure Applications Ltd., Laser Zentrum Hannover e.V., Naio Technologies, One Smart Spray by BOSCH BASF Smart Farming GmbH, Topcon Positioning Systems Inc., Ullmanna, XAG, Company Ltd., and others. |
Segments Covered | By Type, By Technique, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to maintain its leadership status in the global market in the forecasting timeline
North America, which accounted for nearly 70% of the global smart weed control market earnings in 2023, is expected to establish a key position in the global market in the years to come. In addition to this, the regional market expansion in the coming eight years can be attributed to supportive government policies pertaining to the use of smart weed control in farming activities. Moreover, escalating demand for food has translated into a need for increasing farm productivity, thereby resulting in humungous demand for smart weed control equipment in agriculture. The presence of key players in countries such as Canada and the U.S. will steer the expansion of the regional market.
Asia-Pacific's smart weed control industry is slated to register the highest gains in the next few years. The rapid progression of the industry in the APAC region can be owing to a rise in the acceptance of smart weed control systems along with the growing need for improving farming productivity, modernization, and sustainability.
The global smart weed control market profiles key players such as:
The global smart weed control market is segmented as follows:
By Type
By Technique
By Application
FrequentlyAsked Questions
Smart weed control in farming sector involves integrating of new technologies and data-driven approach for effectively controlling weeds.
The global smart weed control market growth over forecast period can be owing to humungous use of autonomous UAVs, AI-driven equipment, and sensors in agriculture.
According to a study, the global smart weed control industry size was $910.64 million in 2023 and is projected to reach $3,929.54 million by the end of 2032.
The global smart weed control market is anticipated to record a CAGR of nearly 17.64% from 2024 to 2032.
The Asia-Pacific smart weed control industry is set to register the fastest CAGR over the forecasting timeline owing to a rise in the acceptance of smart weed control systems along with growing need for improving farming productivity, modernization, and sustainability.
The global smart weed control market is led by players such as Tertill Corporation, Agremo Ltd., Weed-It Ag by Rometron B.V., Carbon Autonomous Robotic Systems, Inc., Trimble Inc., Garford Farm Machinery Ltd, Carbon Bee AdTech., Deere & Company., Earth Rover Ltd., Robovator, Terramera Inc., LEMKEN GmbH & Co. KG, Ecorobotix SA, Ecosmart Weed Control, LLC, Farmwise, PrecisionHawk, Inc., Greeneye Technology by Centure Applications Ltd., Laser Zentrum Hannover e.V., Naio Technologies, One Smart Spray by BOSCH BASF Smart Farming GmbH, Topcon Positioning Systems, Inc., Ullmanna, and XAG, Company Ltd.
The global smart weed control market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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