Global smart plantation management system market is projected to propel due to the surge in the adoption of plantation intelligence and data mining by farmers and the advent of big data in agriculture farms
The global smart plantation management system market size was valued at USD 1.45 billion in 2019 and expected to generate USD 1.74 billion by 2027, with a CAGR of over 2.30%, during the forecast period, 2020-2027. It is primarily attributed to the increasing adoption of new technologies like cloud computing and IoT and the introduction of the robotic system. Additionally, the large-scale use of the Internet of Things and various techniques, coupled with increasing government financial support for smart agriculture, will expand the market for smart plantation management systems. A large number of smart sensors and smart systems that are widely interconnected through internet and cloud platforms have introduced advanced technologies such as the Internet of Things (IoT) into planted forest systems. Further, the site's specific weather forecasts, probability maps for disease, yield projections, and disasters-based information allowing cultivation of crops optimally will accelerate the growth of the market.
Moreover, the growing application of cognitive computing in agricultural services to cope with different situations; thereby, these factors are increasing the efficiency of agricultural output. These factors are anticipated to trigger the global smart plantation management system market share in the upcoming periods. Furthermore, the surge in demand for technologies like supply chain farm robotics, machine learning, blockchain and remote sensing in plant management systems to provide information regarding waste reduction, environmental sustainability, soil optimization, and analysis of agriculture facts are estimated to boom the expansion of smart plantation management system industry. The open-source platforms with solutions are affordable to farmers, thereby rapidly adopting and increasing plantation intelligence penetration. The Agricultural Internet of Things technology is an extension of IoT technology, which can help humans improve their ability to regulate agricultural systems and respond to emergencies.
Components Overview in the Global Smart Plantation Management System Market
Based on the component, the global smart plantation management system market bifurcates into hardware and software. The hardware will be the fastest-growing segment in the forecast period. It is attributable to the surge in demand for hardware systems like sensors and GPS to sense and collect real-time data for generating reports and maps to support farmers in making decisions about their crops. These sensors are soil, water, weather, moisture, wind intensity, and temperature sensors.
Type Overview in the Global Smart Plantation Management System Market
Based on the type, the global smart plantation management system market segregated into irrigation systems, plant growth monitoring systems, and harvesting systems. The irrigation systems held for the highest revenue in 2019. Due to increasing government initiatives to promote water conservation, irrigation systems help reduce the amount of water needed for irrigation, resulting in the reduction of operation cost, specifically for vast farmland.
Crop Overview in the Global Smart Plantation Management System Market
Based on the crop, the global smart plantation management system market segmented into coffee, oilseeds, sugarcane, fruits, cotton, and others. The fruits segment accounted for a larger market share in 2019 and projected to lead the market by 2027. Due to the smart plantation management system help in technologies developed for different types of fruits.
Regional Overview in the Global Smart Plantation Management System Market
By geography, the global smart plantation management system market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific accounted for the maximum revenue share in 2019. It is due to the large arable land area in emerging economies in particular in China & India, the introduction of industrialization, digital agriculture, mechanization of production processes, and data management.
Global Smart plantation management system Market: Competitive Landscape
Companies such as Robert Bosch, Netafim, Deere & Company, Synelixis Solutions, DTN, SemiosBio Technologies, AgroWebLab Co., Ltd, WaterBit, Phytech, Tevatronics, Rivulis, Jain Irrigation Systems, Hidrosoph, AG Leader Technology, Teejet Technologies, AquaSpy, and Crop Metrics are the key players in the global smart plantation management system market.
Global Smart Plantation Management System Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Supply Chain Analysis 4.2. Economic Factor Analysis 4.2.1. Drivers 4.2.2. Trends 4.2.3. Opportunities 4.2.4. Challenges 4.3. Technological Landscape 4.4. Competitors & Product Analysis 4.5. Regulatory Framework 4.6. Company market share analysis, 2019 4.7. Porter's Five forces analysis 4.8. New Investment Analysis 4.9. PESTEL Analysis 5. Global Smart Plantation Management System Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Component 5.2.1.1. Hardware 5.2.1.2. Software 5.2.2. By Type 5.2.2.1. Irrigation Systems 5.2.2.2. Plant Growth Monitoring Systems 5.2.2.3. Harvesting Systems 5.2.3. By Crop 5.2.3.1. Coffee 5.2.3.2. Oilseeds 5.2.3.3. Sugarcane 5.2.3.4. Cotton 5.2.3.5. Fruits 5.2.3.6. Others (Cocoa, Coconuts, Areca Nuts, and Tea) 5.2.4. By Region 5.2.4.1. North America 5.2.4.2. Europe 5.2.4.3. Asia Pacific 5.2.4.4. South America 5.2.4.5. Middle East & Africa 6. North America Smart Plantation Management System Market Overview 6.1. North America Smart Plantation Management System Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Smart Plantation Management System Market Share & Forecast, 2016-2027 6.2.1. By Component 6.2.1.1. Hardware 6.2.1.2. Software 6.2.2. By Type 6.2.2.1. Irrigation Systems 6.2.2.2. Plant Growth Monitoring Systems 6.2.2.3. Harvesting Systems 6.2.3. By Crop 6.2.3.1. Coffee 6.2.3.2. Oilseeds 6.2.3.3. Sugarcane 6.2.3.4. Cotton 6.2.3.5. Fruits 6.2.3.6. Others (Cocoa, Coconuts, Areca Nuts, and Tea) 6.2.4. By Country 6.2.4.1. US 6.2.4.2. Canada 6.2.4.3. Mexico 6.2.5. Company Market Share (Top 3-5) 6.2.6. Economic Impact Study on North America Smart Plantation Management System Market 7. Europe Smart Plantation Management System Market Overview 7.1. Europe Smart Plantation Management System Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Smart Plantation Management System Market Share & Forecast, 2016-2027 7.2.1. By Component 7.2.1.1. Hardware 7.2.1.2. Software 7.2.2. By Type 7.2.2.1. Irrigation Systems 7.2.2.2. Plant Growth Monitoring Systems 7.2.2.3. Harvesting Systems 7.2.3. By Crop 7.2.3.1. Coffee 7.2.3.2. Oilseeds 7.2.3.3. Sugarcane 7.2.3.4. Cotton 7.2.3.5. Fruits 7.2.3.6. Others (Cocoa, Coconuts, Areca Nuts, and Tea) 7.2.4. By Country 7.2.4.1. Germany 7.2.4.2. UK 7.2.4.3. France 7.2.4.4. Italy 7.2.4.5. Rest of Europe 7.2.5. Company Market Share (Top 3-5) 7.2.6. Economic Impact Study on Europe Smart Plantation Management System Market 8. Asia Pacific Smart Plantation Management System Market Overview 8.1. Asia Pacific Smart Plantation Management System Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Smart Plantation Management System Market Share & Forecast, 2016-2027 8.2.1. By Component 8.2.1.1. Hardware 8.2.1.2. Software 8.2.2. By Type 8.2.2.1. Irrigation Systems 8.2.2.2. Plant Growth Monitoring Systems 8.2.2.3. Harvesting Systems 8.2.3. By Crop 8.2.3.1. Coffee 8.2.3.2. Oilseeds 8.2.3.3. Sugarcane 8.2.3.4. Cotton 8.2.3.5. Fruits 8.2.3.6. Others (Cocoa, Coconuts, Areca Nuts, and Tea) 8.2.4. By Country 8.2.4.1. China 8.2.4.2. India 8.2.4.3. Japan 8.2.4.4. Australia 8.2.4.5. Rest of Asia Pacific 8.2.5. Company Market Share (Top 3-5) 8.2.6. Economic Impact Study on Asia Pacific Smart Plantation Management System Market 9. South America Smart Plantation Management System Market Overview 9.1. South America Smart Plantation Management System Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Smart Plantation Management System Market Share & Forecast, 2016-2027 9.2.1. By Component 9.2.1.1. Hardware 9.2.1.2. Software 9.2.2. By Type 9.2.2.1. Irrigation Systems 9.2.2.2. Plant Growth Monitoring Systems 9.2.2.3. Harvesting Systems 9.2.3. By Crop 9.2.3.1. Coffee 9.2.3.2. Oilseeds 9.2.3.3. Sugarcane 9.2.3.4. Cotton 9.2.3.5. Fruits 9.2.3.6. Others (Cocoa, Coconuts, Areca Nuts, and Tea) 9.2.4. By Country 9.2.4.1. Brazil 9.2.4.2. Argentina 9.2.4.3. Rest of South America 9.2.5. Company Market Share (Top 3-5) 9.2.6. Economic Impact Study on South America Smart Plantation Management System Market 10. Middle East & Africa Smart Plantation Management System Market Overview 10.1. Middle East & Africa Smart Plantation Management System Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Smart Plantation Management System Market Share & Forecast, 2016-2027 10.2.1. By Component 10.2.1.1. Hardware 10.2.1.2. Software 10.2.2. By Type 10.2.2.1. Irrigation Systems 10.2.2.2. Plant Growth Monitoring Systems 10.2.2.3. Harvesting Systems 10.2.3. By Crop 10.2.3.1. Coffee 10.2.3.2. Oilseeds 10.2.3.3. Sugarcane 10.2.3.4. Cotton 10.2.3.5. Fruits 10.2.3.6. Others (Cocoa, Coconuts, Areca Nuts, and Tea) 10.2.4. By Country 10.2.4.1. Saudi Arabia 10.2.4.2. UAE 10.2.4.3. South Africa 10.2.4.4. Rest of Middle East & Africa 10.2.5. Company Market Share (Top 3-5) 10.2.6. Economic Impact Study on Middle East & Africa Smart Plantation Management System Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Robert Bosch 11.7.2. Deere & Company 11.7.3. Netafim 11.7.4. Synelixis Solutions 11.7.5. DTN 11.7.6. AgroWebLab Co., Ltd 11.7.7. SemiosBio Technologies 11.7.8. WaterBit 11.7.9. Phytech 11.7.10. Tevatronics 11.7.11. Rivulis 11.7.12. Jain Irrigation Systems 11.7.13. Hidrosoph 11.7.14. AG Leader Technology 11.7.15. Teejet Technologies 11.7.16. AquaSpy 11.7.17. Crop Metrics 11.7.18. Other Prominent Players
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