Smart Plantation Management Systems Market By Type (Irrigation System, Harvesting System, Plantation Growth Monitoring System), By Crop (Coffee, Oilseeds, Sugarcane, Fruits, Cotton, Others), By Component (Hardware, Software) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027
Key Market Insights
“Rising investments towards smart plantation farming and growing awareness for optimized plantation system will boost the market”
The global smart plantation management systems market is growing competently, expected to grow at a CAGR of 9.0% during the estimated period from 2019 to 2027, starting from US$ 1.26 Bn in 2018.
Rising adoption towards new technologies like cloud computing and the internet of things (IoT) coupled with the introduction of the robotic system. Technological development like the use of electronic systems and data transmission introduced essential changes to the agricultural working environment in recent years. In addition, the development of unmanned aerial vehicles (UAVs) with the autonomous flight control systems, powerful and lightweight hyper spectral snapshot cameras expected to improve the plantation management system. Moreover, the application of decision-tree models and advanced software platform in smart plantation management systems allows farmers to differentiate between plant diseases based on optical information. For instance, Shivrai Technologies Private Limited, a IT solutions service provider offers various integrated software platform such as “FarmERP”, “FarmERP Lite”, and “Farm Gyan” provides advanced level of analytics to support smart plantation management system.
Smart plantation management systems are projected to boost up the market, owing to site-specific weather forecasts, probability maps for diseases, yield projections, and disasters based information allowing cultivation of crops in an optimal way. Additionally, application of technologies like supply chain farm robotics, machine learning, block chain, and remote sensing in plantation management system offers information regarding waste reduction, environmental sustainability, soil optimization, and analysis of agricultural facts.
Type Analysis
“Increasing adoption of smart irrigation technologies and various government initiatives, accounts to hold a higher revenue share across the market”
The irrigation systems segment is projected to hold the largest market value and dominate the market for smart plantation management systems in 2019. Smart irrigation systems use sensors to control and monitor the watering schedule, thereby enhance an optimized utilization of water required by plantation crops. Furthermore, the use of smart irrigation systems moderates the water requirements, owing to the reduction of operating costs for large farmland. For instance, according to the International Center for Water Technology, and Irrigation Association the smart irrigation systems used to saves water around 25% as compared to customary irrigation systems. The aforementioned factors are expected to boost up the market on a global scale over the forecast period.
The application of the internet of things (IoT) in the agriculture industry enables farmers to overcome a few challenges like limited availability of lands, increasing water shortages, difficult to manage costs, meeting consumption needs. Moreover, rising adoption towards new technologies such as “3NV Nozzle System”, “Pivot Control Panel”, Soil Moisture Sensors”, and “Remote Sensing Technology” in irrigation systems will enhance the market growth. In addition, automation in the nursery and farm irrigation system will reduce mistreatment of automation instrumentation, thereby allowing farmers towards optimal use of water at the precise time.
Regional Analysis
“Dominance is led by the growing implementation towards new technologies and government initiatives for large scale agriculture business.”
The Asia Pacific market is accounted to hold a largest share in 2018 and the dominance is accredited towards favorable climatic conditions for plantation and other fruits. In addition, the bulky cultivation of agricultural crops created a huge potential which includes sugarcane, tea, and cotton. The wide scale adoption of smart plantation management systems across the region projected to witness a robust growth which is projected to improve the crop yield with enhanced usage of resources. China clamps the foremost market share, owing to the presence of a large cultivable area for tea, fruits, sugarcane, and plantation crops. Furthermore, this region is characterized by government supports to promote the Internet of Things (IoT) in farming, rise in concerns toward the environment, adverse climatic conditions, and reduction in the number of farmlands and decrease in productivity.
Introduction of industrialization, digital agriculture, and mechanization of production processes, data management, and connectivity unleased the agriculture and plantation sector. Advancement in new technologies such as “Agriculture 4.0”, “Robotics”, “artificial intelligence (AI)”, “Big Data”, “Precision Farming”, and investments in R&D is projected to drive the demand for smart plantation management systems across the region.
List of Companies Covered:
- Robert Bosch
- Deere & Company
- Netafim
- Synelixis Solutions
- DTN
- Tevatronics
- Semiosbio Technologies
- Jain Irrigation Systems
- Hidrosoph
- Aquaspy
- AG Leader Technology
- Teejet Technologies
- Crop Metrics
- Topcon Group
- Raven Industries
Key Industry Development:
- In June 2019, DTN, a U.S. based Minneapolis acquired PraxSoft, a communications technology and sensor interface company to provide more accurate data by using communication and sensors technology. This acquisition will hasten data acquisition from a wide range of sensors across different industries and facilitate insights to drive better business decisions.
- In April 2019, DTN, partnered with Decisive Farming, in order to provide a comprehensive solutions from both organization towards real-time decision for crop yields.
- In December 2018, Netafim, an irrigation equipment’s manufacturer of Israeli formed an association with ACOM, a technology firm, and Khang Thinh Irrigation Technology JSC, a distributor of irrigation equipment’s to offer new technologies and database system which offers real-time data for coffee planters in Vietnam.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Type (2017–2027; US$ Bn) |
|
Crop (2017–2027; US$ Bn) |
|
|
Component (2017–2027; US$ Bn) |
|
|
Geography (2017–2027; US$ Bn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall foundation repair services market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the smart plantation management systems market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which crop type segment holds a larger market share and why?
- Are low and middle-income economies investing in the smart plantation management systems market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Smart Plantation Management Systems (SPMS) Market
2.2. Global SPMS Market, by Type, 2018 (US$ Bn)
2.3. Global SPMS Market, by Crop, 2018 (US$ Bn)
2.4. Global SPMS Market, by Component, 2018 (US$ Bn)
2.5. Global SPMS Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global SPMS Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Smart Plantation Management Systems (SPMS) Market, by Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Irrigation System
4.3. Harvesting System
4.4. Plantation Growth Monitoring System
5. Global Smart Plantation Management Systems (SPMS) Market, by Crop, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Coffee
5.3. Oilseeds
5.4. Sugarcane
5.5. Fruits
5.6. Cotton
5.7. Others
6. Global Smart Plantation Management Systems (SPMS) Market, by Component, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Hardware
6.3. Software
7. North America Smart Plantation Management Systems (SPMS) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. North America SPMS Market Value and Growth, 2017-2027, (US$ Bn)
7.2. North America SPMS Market Value, By Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America SPMS Market Value, By Crop, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America SPMS Market Value, By Component, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America SPMS Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Smart Plantation Management Systems (SPMS) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Europe SPMS Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Europe SPMS Market Value, By Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe SPMS Market Value, By Crop, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe SPMS Market Value, By Component, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe SPMS Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe
9. Asia Pacific Smart Plantation Management Systems (SPMS) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific SPMS Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Asia Pacific SPMS Market Value, By Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific SPMS Market Value, By Crop, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific SPMS Market Value, By Component, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific SPMS Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific
10. Rest of the World Smart Plantation Management Systems (SPMS) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World SPMS Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Rest of the World SPMS Market Value, By Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World SPMS Market Value, By Crop, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World SPMS Market Value, By Component, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World SPMS Market Value, By Region, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America
11. Company Profiles
11.1. Robert Bosch
11.2. Deere & Company
11.3. Netafim
11.4. Synelixis Solutions
11.5. DTN
11.6. Tevatronics
11.7. Semiosbio Technologies
11.8. Jain Irrigation Systems
11.9. Hidrosoph
11.10. Aquaspy
11.11. AG Leader Technology
11.12. Teejet Technologies
11.13. Crop Metrics
11.14. Topcon Group
11.15. Raven Industries
* SPMS - Smart Plantation Management Systems
TABLE 1 Market Snapshot: Global Smart Plantation Management Systems (SPMS ) Market
TABLE 2 Global SPMS Market, by Type, 2017–2027 (US$ Bn)
TABLE 3 Global SPMS Market, by Crop, 2017–2027 (US$ Bn)
TABLE 4 Global SPMS Market, by Component, 2017–2027 (US$ Bn)
TABLE 5 Global SPMS Market, by Geography, 2017–2027 (US$ Bn)
TABLE 6 North America SPMS Market, by Type, 2017–2027 (US$ Bn)
TABLE 7 North America SPMS Market, by Crop, 2017–2027 (US$ Bn)
TABLE 8 North America SPMS Market, by Component, 2017–2027 (US$ Bn)
TABLE 9 North America SPMS Market, by Country, 2017–2027 (US$ Bn)
TABLE 10 Europe SPMS Market, by Type, 2017–2027 (US$ Bn)
TABLE 11 Europe SPMS Market, by Crop, 2017–2027 (US$ Bn)
TABLE 12 Europe SPMS Market, by Component, 2017–2027 (US$ Bn)
TABLE 13 Europe SPMS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific SPMS Market, by Type, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific SPMS Market, by Crop, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific SPMS Market, by Component, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific SPMS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 RoW SPMS Market, by Type, 2017–2027 (US$ Bn)
TABLE 19 RoW SPMS Market, by Crop, 2017–2027 (US$ Bn)
TABLE 20 RoW SPMS Market, by Component, 2017–2027 (US$ Bn)
TABLE 21 RoW SPMS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 22 Robert Bosch: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Deere & Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Netafim: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Synelixis Solutions: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 DTN: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Tevatronics: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Semiosbio Technologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Jain Irrigation Systems: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Hidrosoph: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Aquaspy: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 AG Leader Technology: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 Teejet Technologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 34 Crop Metrics: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 35 Topcon Group: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 36 Raven Industries: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
FIG. 1 Global Smart Plantation Management Systems (SPMS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global SPMS Market Segmentation
FIG. 4 Global SPMS Market, by Type, 2018 (US$ Bn)
FIG. 5 Global SPMS Market, by Crop, 2018 (US$ Bn)
FIG. 6 Global SPMS Market, by Component, 2018 (US$ Bn)
FIG. 7 Global SPMS Market, by Geography, 2018 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key SPMS Market Manufacturers, 2018
FIG. 10 Global SPMS Market Value Contribution, By Type, 2018 & 2027 (Value %)
FIG. 11 Global SPMS Market, by Irrigation System, Value, 2017–2027 (US$ Bn)
FIG. 12 Global SPMS Market, by Harvesting System, Value, 2017–2027 (US$ Bn)
FIG. 13 Global SPMS Market, by Plantation Growth Monitoring System, Value, 2017–2027 (US$ Bn)
FIG. 14 Global SPMS Market Value Contribution, By Crop, 2018 & 2027 (Value %)
FIG. 15 Global SPMS Market, by Coffee, Value, 2017–2027 (US$ Bn)
FIG. 16 Global SPMS Market, by Oilseeds, Value, 2017–2027 (US$ Bn)
FIG. 17 Global SPMS Market, by Sugarcane, Value, 2017–2027 (US$ Bn)
FIG. 18 Global SPMS Market, by Fruits, Value, 2017–2027 (US$ Bn)
FIG. 19 Global SPMS Market, by Cotton, Value, 2017–2027 (US$ Bn)
FIG. 20 Global SPMS Market, by Other Application, Value, 2017–2027 (US$ Bn)
FIG. 21 Global SPMS Market Value Contribution, By Componet, 2018 & 2027 (Value %)
FIG. 22 Global SPMS Market, by Hardware, Value, 2017–2027 (US$ Bn)
FIG. 23 Global SPMS Market, by Software, Value, 2017–2027 (US$ Bn)
FIG. 24 U.S. SPMS Market, 2017–2027 (US$ Bn)
FIG. 25 Rest of North America SPMS Market, 2017–2027 (US$ Bn)
FIG. 26 U.K. SPMS Market, 2017–2027 (US$ Bn)
FIG. 27 Germany SPMS Market, 2017–2027 (US$ Bn)
FIG. 28 France SPMS Market, 2017–2027 (US$ Bn)
FIG. 29 Rest of Europe SPMS Market, 2017–2027 (US$ Bn)
FIG. 30 Japan SPMS Market, 2017–2027 (US$ Bn)
FIG. 31 China SPMS Market, 2017–2027 (US$ Bn)
FIG. 32 India SPMS Market, 2017–2027 (US$ Bn)
FIG. 33 Rest of Asia Pacific SPMS Market, 2017–2027 (US$ Bn)
FIG. 34 Middle East & Africa SPMS Market, 2017–2027 (US$ Bn)
FIG. 35 Latin America SPMS Market, 2017–2027 (US$ Bn)
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