Smart Plantation Management Systems Market Size, Trends & Analysis - Forecasts to 2026 By Type (Irrigation Systems, Plant Growth Monitoring Systems, and Harvesting Systems), By Type of Crop (Coffee, Oilseeds, Sugarcane, Cotton, Fruits, Others [Cocoa, Coconuts, Areca Nuts, and Tea]), By Type of Component (Hardware and Software), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Smart plantation management systems are a series of technologies used to analyze crops for better productivity. These methodologies help farmers in examining soil moisture, nutrient content, temperature, and crop health. Though COVID19 has impacted the agricultural vertical concerning the production aspect, sales, and supplies were increasing steadily during the lockdown period due to the increase in demand by end-users which has led to inflation. But it is predicted to receive relaxation from the pandemic and is analyzed to grow in the forecast period with the assistance of wondrous constituents.
While one of the major difficulties about the global market is the need for a continuous supply of internet and education to rural farmers regarding advanced technologies, yet swift adaptation towards plantation intelligence (PI), demand by end-users, and reduction in manpower requirement are the primary strikers of the market.
Harvesting systems plant growth monitoring systems, irrigation systems are the various types witnessed in the global market. Irrigation systems will be the largest revenue contributor in the market. Irrigation systems are defined as the supply of water through canals, pipes, and ditches. There are three types of irrigation systems such as surface irrigation, sprinkler systems, and micro/macro irrigation systems. One of the significant risers aiding the market in countries like India is increasing funding from the government to improve agriculture support.
The market segmentation can be seen as oilseeds, coffee, sugarcane, fruits, cotton when the type of crops is concerned. The fruits market will grow faster than coffee, oilseeds, cane, etc. Healthy dietary changes due to constant obliging to increase immunity are the primary factor influencing the global smart plantation management systems market.
The market segmentation based on components is hardware and software out of which hardware will be dominant. The hardware elements related to smart plantation management systems consist of sensors, GPS, controllers, and meters, valves, and switches. These tools are deployed to analyze real-time data and familiarize the farmers with their crop situation. An increase in the usage of modern technologies for greater enforcement is one of the prominent accelerators of the global market.
Considering the rapidly growing economy of the North American region, the market for them is the highest, but the market for Asia-Pacific will be growing the fastest owing to increment in rural population, abundance accessibility to fertile lands, and increase in research and development activities in agriculture.
Robert Bosch, Deere & Company, SemiosBio Technologies, Synelixis Solutions, WaterBit, Phytech, Rivulis, AgroWebLab Co. Ltd., Tevatronics, Netafim, Jain Irrigation Systems, AquaSpy, and Hidrosoph are some of the companies in the market.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2019, DTN collaborated with Decisive Farming, so that farmers can make the complete solution from both these companies and make better decisions for their produce.
In June 2019, DTN acquired PraxSoft, to support the company to produce accurate data by utilizing sensors and communication technology.
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The Global Smart Plantation Management Systems Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Smart Plantation Management Systems Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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