Market Overview:
Smart Plantation Management System Market Was Valued At USD 1140 Million In 2021 And Is Expected To Reach USD 1540 Million By The Year 2028, At A CAGR Of 4.4%.
The smart plantation management system utilizes sensors to collect information and incorporates information and communication technologies into agricultural machinery and equipment. This intelligent system monitors various parameters such as temperature, humidity, soil moisture, and soil temperature in farms or greenhouses. The collected data is transmitted wirelessly or via wired connections to a converter, which is connected to a computer system. By employing this management system, farms, and greenhouses can be effectively and systematically managed through monitoring methods. In addition, farmers all over the world are increasingly utilizing plantation systems, which will boost market expansion during the forecast period. For example, a report from the agricultural robotics laboratory (ARL) says that 10% to 15% of US farmers are using smart farming solutions on 250 000 farms across 1200 million acres, which is expected to increase agricultural productivity over the forecast period.
Top Key Players Covered In The Smart Plantation Management System Market:
- Tevatronics (Israel)
- Rivulis Irrigation Ltd (Israel)
- Jain Irrigation Systems (India)
- Semiosbio Technologies (Canada)
- Netafim Ltd (Israel)
- Agroweblab Co Ltd (China)
- AquaSpy (US)
- WaterBit Inc (US)
- Phytech Ltd (Israel)
- Robert Bosch GmbH (Germany)
- Synelixis Solutions (Greece)
- Deere and Company (US)
- DTN (US) And Other Major Players.
Market Dynamics and Factors:
Farmers' increased use of data mining and smart plantation systems is a key growth driver for connecting crops, tools for agricultural production, and farmers. The irrigation system market has an impact on the smart plantation management system market because more and more plantation types are using irrigation systems. For example, dribble water system innovation is right now one of the ordinarily involved procedures for development yet a programmed recurrence changes water system framework utilization to naturally begin and stops the siphon inferable from the market development during the estimated time frame.
By integrating the 3NV nozzle system into the Smart Plantation Management System, farmers can achieve better control over water usage, ensuring that plants receive the right amount of water at the right time. These new technologies offer improved efficiency, resource optimization, and enhanced decision-making capabilities in plantation management. As farmers increasingly recognize the benefits of these advancements, the demand for Smart Plantation Management Systems that incorporate these technologies is expected to grow in the near future.
The Smart Plantation Management System Market Report Highlight:
- By Type, the irrigation systems segment is anticipated to lead the growth of the Smart Plantation Management System market in the forecasted timeframe. Smart water system frameworks control the course of the water stream for establishing crops in light of the available information got by sensors.
- By Crop Type, the fruits segment is expected to have the highest share of the Smart Plantation Management System market over the projected period. Because it appears that fruits are the primary crop for smart plantation management systems. There are countless players that give shrewd manor-the-board frameworks to leafy food innovations intended for different sorts of organic products.
- By Component Type, the hardware segment is anticipated to be the dominant segment of the market over the projected period. It incorporates different parts, for example, sensors, shows, stream meters, GPS gadgets, and switches, among others. Plants and soil are covered in sensors that sense and collect real-time data.
- The Asia Pacific detained the largest share in the global smart plantation systems market owing to the favorable climate all over the year. Regional expansion in the global market is significantly aided by the government's growing support for the smart plantation management system in agriculture.
Key Industry Development:
- In April 2023, Bosch BASF Smart Farming announced that together with AGCO Corporation it will integrate and commercialize Smart Spraying technology on Fendt Rogator sprayers, and jointly develop additional, new features.
- In March 2023, John Deere: announced its "FarmSight Precision Spraying" system, utilizing AI algorithms to identify weeds and adjust herbicide application in real-time, minimizing chemical use and maximizing precision. This caters to farmers seeking sustainable and efficient weed control solutions.
Smart Plantation Management System Market Segmentation:
By Type
- Irrigation Systems
- Plant Growth Monitoring Systems
- Harvesting Systems
By Crop Type
- Coffee
- Oilseeds
- Sugarcane
- Fruits
- Cotton
By Component
- Hardware
- Software
For this report, Introspective Market Research has segmented the Smart Plantation Management System Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
- Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
- Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- South America
- Brazil
- Argentina
- Rest of SA
