Dublin, May 08, 2024 (GLOBE NEWSWIRE) — The “Asia Pacific Smart Crop Monitoring Market: Product, Application and Country Focus – Analysis and Forecast, 2023-2028” report has been added to ResearchAndMarkets.com’s offer.
The Asia-Pacific (excluding China) smart crop monitoring market is valued at USD 432.9 million in 2023, and is expected to grow at a CAGR of 18.56% during the forecast period 2023-2028 to reach US$1.01 billion by 2028. The growth of the crop monitoring market is anticipated to stem from the growing need to maximize crop yield and resource utilization efficiency in agriculture. Additionally, advances in AI, machine learning and remote sensing technologies are poised to further accelerate the growth of crop monitoring.
The Asia Pacific (APAC) smart crop monitoring market is witnessing significant growth attributed to the region’s evolving agricultural landscape and increasing adoption of advanced technologies. With the APAC region being a key contributor to global agricultural production, there is a growing imperative to increase productivity, optimize resource utilization and ensure food security. Smart crop monitoring solutions provide farmers with real-time insights into crop health, soil conditions and environmental factors, enabling them to make data-driven decisions and implement precision farming practices.
Additionally, factors such as population growth, changing consumer preferences and climate variability are driving demand for smart crop monitoring technologies in APAC. Countries such as China, India, Japan and Australia are at the forefront of adopting these solutions, supported by government initiatives, technological advances and a growing awareness of the benefits of smart agriculture. As the APAC region continues to modernize its agricultural practices, the smart crop monitoring market is poised for significant growth and innovation.
Business Dynamics
- Business drivers
- Need for Inbound Optimization
- Growth in farmland consolidation
- Business Challenges
- Cyber and online data security
- Lack of connectivity and technical knowledge
- Business opportunities
- Focus on Sustainability
- Increase in the number of cooperative agriculture
- Ongoing Trends
- Integration with AI and ML
- Technology Monitoring as a Service (MTaaS)
Market segmentation
Segmentation 1: by application
- Disease and pest detection
- Nutrient Management
- Weed management
- Harvest Insurance
- Others
Segmentation 2: by Product
- Sensor Technology
- Drones
- Robots
- Portable devices
- Software and mobile applications
Segmentation 3: by country
- Japan
- India
- Australia and New Zealand
- Rest of Asia-Pacific
Featured companies
Attribute Keys
| Report attribute | Details |
| Number of pages | 60 |
| Forecast period | 2023-2028 |
| Estimated market value (USD) in 2023 | US$432.9 million |
| Predicted market value (USD) until 2028 | US$1.01 billion |
| Compound annual growth rate | 18.5% |
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Asia Pacific Smart Crop Monitoring Market
