Smart Plantation Management System Market Size, By Type (Irrigation systems, Plant growth monitoring systems, and Harvesting systems), By Crop Type (Coffee, Oilseeds, Sugarcane, Cotton, Fruits, and Others (cocoa, coconuts, areca nuts, and tea)), By Component (Hardware, and Software) and by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2016-26
- Published Date: March 2020
- Report ID: BWC19406
- Available Format: PDF
- Page: 180
Global Smart Plantation Management System Market Forecast and Trends
The global Smart Plantation Management System market is anticipated to grow nearly at a CAGR of 6.5 % to reach US$ 1.48 billion by 2026. The major factors driving the growth of the market for smart plantation management systems include increasing farmers ' acceptance of plantation intelligence (PI) and data mining and reducing resource and manpower waste. The software allows farmers to use a smartphone or a laptop to control and manage their fields, removing the need to visit the fields regularly. These factors are expected to drive the growth of the software segment. Smart irrigation systems conserve approximately 20 percent more water than conventional irrigation systems, which is one of the key drivers of the Plantation Management Systems market.
In addition, the Smart Plantation Management Systems market would increase by government support to promote the Internet of Things (IoT) in farming, unfavorable climatic conditions, raise environmental concerns, decrease productivity, and reduction of farmland numbers.
Global Smart Plantation Management System Market Overview:
Smart Plantation Management Systems is a management philosophy that aims to provide the agricultural industry with the infrastructure to use advanced technology for tracking, monitoring, automating and analyzing operations, including big data, the Internet of Things, and the cloud. Smart Plantation Management Systems often make it possible to control the demand forecast carefully and to deliver goods to the market just in time to reduce waste. Smart Plantation Management Systems focuses on controlling land supply and, depending on its condition, focusing on the right growing parameters–such as moisture, fertilizer, or material content–to provide input for the right crop on demand.
Increasing adoption of plantation intelligence (PI) and data mining by farmers
Planting intelligence (PI) and data mining in agriculture integrates IoT-based advanced technological tools, systems, equipment, and solutions to increase operational efficiency, optimize yield, and reduce energy waste through real-time field data collection, data storage, data analysis, and application creation. Numerous IoT-based technologies, such as precision farming, monitoring of livestock, smart greenhouse, and monitoring of fish farms, are expected to be instrumental in increasing the speed of farming processes.
Reduction in the wastage of agricultural resources and manpower
Due to working conditions and pay, the farm owners are facing a severe labor shortage, resulting in the wastage of several crops and agricultural land. Erratic weather patterns and insufficient knowledge often contribute to crop losses. In the form of smart plantation management systems, this has resulted in more farms finding alternative solutions.
High cost and Lack of Consumer Awareness concerning smart plantation management systems impeding the market of Smart Plantation Management System
The high capital investment and lack of awareness in the adoption of smart plantation management systems is expected to hamper the growth of smart plantation management systems market.
Global Smart Plantation Management System Market: Type
Based on Type, the Smart Plantation Management System market segmented into Irrigation systems, Plant growth monitoring systems, and Harvesting systems. The irrigation systems segment is estimated to dominate the market for smart plantation management systems. Smart irrigation systems track and monitor plant crop water schedules based on sensor data. In addition, the use of smart irrigation systems reduces the amount of water needed for irrigation, resulting in reduced operating costs, especially for vast agricultural land.
Global Smart Plantation Management System Market: Crop Type
Based on Crop Type, the Smart Plantation Management System market segmented into Coffee, Oilseeds, Sugarcane, Cotton, Fruits, and Others (cocoa, coconuts, areca nuts, and tea). During the forecast period, the Fruits segment is expected to account for the largest market share, as fruit has emerged as a vital crop for the use of smart plantation management systems, given a large number of players offering smart fruit plantation systems and technologies developed for different fruit types. Grapes, citrus fruits, and apples are the main fruits where, due to their higher demand, smart plantation management systems were introduced.
Global Smart Plantation Management System Market: Component
Based on Component, the Smart Plantation Management System market bifurcated into Hardware, and Software. The hardware segment is foreseen to dominate the market in smart, plantation management systems. Among other items, the hardware portion consists of different sensors, controls, GPS units, displays, flow meters, solenoid valves, and switches. In order to sense and collect real-time data, sensors are mounted on the plants or soil to produce reports and maps to help farmers make decisions about their crops. Soil, water, environment, moisture, wind speed, and temperature sensors are some of the key sensors used. Therefore, software device advancement drives hardware component development.
Global Smart Plantation Management System Market: Regional insights
By geography, the global Smart Plantation Management System Market segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific dominated the market for Smart Plantation Management Systems and is expected to see robust growth due to favorable climatic conditions for crops. Because of the massive crop production, which includes tea, sugarcane, and cotton, it has enormous potential. China holds the largest market share due to the presence of a large crop area, particularly for tea, sugar cane, and fruit.
Smart Plantation Management System Market: Competitive Landscape
The major market players in the Global Smart Plantation Management System are Robert Bosch, Deere & Company, Netafim, Synelixis Solutions, DTN, AgroWebLab Co., Ltd., SemiosBio Technologies,, WaterBit, Phytech, Tevatronics, Rivulis, Jain Irrigation Systems, Hidrosoph, AquaSpy, and other Prominent Players are expanding their presence in the market by implementing various innovations and technologies.
The objective of the Study:
To analyze and forecast the global Smart Plantation Management System market size of the market, in terms of value.
To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Smart Plantation Management System market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America and their leading countries.
To outline, categorized and forecast the global Smart Plantation Management System market based on the Type, Crop type, and Component.
To examine competitive developments like technological advancement, services, and regulative framework within the global Smart Plantation Management System Market.
To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Scope of the Report
· Irrigation systems
· Plant growth monitoring systems
· Harvesting systems
By Crop Type
· Others (cocoa, coconuts, areca nuts, and tea)
· Asia Pacific
· North America
· Middle East & Africa
· Latin America
Business Questions answer by the report
· How will the market drivers, restraints and opportunities affect the market dynamics?
· What will be the market size in terms of value and volume and market statistics with a detailed classification?
· Which segment dominates the market or region and one will be the fastest growing and why?
· A comprehensive survey of the competitive landscape and the market participant players
· Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority and that is why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
· With five additional company detail analysis
· Additional country analysis
· Detailed segment analysis
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