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Upcoming Growth Trends in the Smart Plantation Management Systems Market | Key Players are Robert Bosch, Deere & Company, Netafim, Synelixis Solutions

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Upcoming Growth Trends in the Smart Plantation Management Systems Market | Key Players are Robert Bosch, Deere & Company, Netafim, Synelixis Solutions

September 15
10:08 2020
Upcoming Growth Trends in the Smart Plantation Management Systems Market | Key Players are Robert Bosch, Deere & Company, Netafim, Synelixis Solutions

MarketsandMarkets™
The smart plantation management systems market is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2025, recording a CAGR of 5.8%

The report Smart Plantation Management Systems Market by Type (Irrigation Systems, Plant Growth Monitoring Systems, and Harvesting Systems), Crop (Coffee, Oilseeds, Sugarcane, and Cotton), Component (Hardware and Software), and Region – Global Forecast to 2025″, The smart plantation management systems market is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2025, recording a compound annual growth rate (CAGR) of 5.8% during the forecast period. The major factors driving the growth of the smart plantation management systems market include the increase in adoption of plantation intelligence (PI) and data mining by farmers and a reduction in the wastage of resources and manpower.

Smart Plantation Management Systems Market

By crop, the fruit segment is projected to account for the largest market share during the forecast period.

The smart plantation management systems market, by crop, was dominated by the fruits segment throughout the forecasted period, as fruits have emerged as a key crop for the usage of smart plantation management systems, given the large number of players offering smart plantation systems for fruits and technologies developed for different types of fruits. Grapes, citrus fruits, and apples are the major fruits where smart plantation management systems have been implemented due to their higher consumption.

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The hardware segment in the smart plantation management systems is estimated to dominate the market.

The market for hardware is estimated to dominate the smart plantation management systems in 2019. The hardware component consists of various sensors, controllers, GPS devices, displays, flow meters, solenoid valves, and switches, among others. Sensors are installed on the plants or soil to sense and collect real-time data, which is used to generate reports and maps to assist farmers in making decisions about their crops. Some of the major sensors used are soil, water, weather, moisture, wind intensity, and temperature sensors. Thus, advancement in software systems drives the growth of hardware components.

The North American region is projected to be the fastest-growing region in the smart plantation management systems market during the forecast period.

The North American region is projected to be the fastest-growing segment in the smart plantation management systems market during the forecast period, owing to the largest concentration of manufacturers and service providers involved in the smart plantation management systems market. The market in North America is facing an acute labor shortage due to work conditions and pay, resulting in the wastage of several plantation crops and agricultural land. Erratic weather patterns and the lack of proper information also result in crop losses. This has resulted in more farms seeking alternative solutions in the form of smart plantation management systems.

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The prominent vendors in the smart plantation management systems market include Robert Bosch (Germany), Deere & Company (US), Netafim (Israel), Synelixis Solutions (Greece), DTN (US), AgroWebLab Co., Ltd (AWL) (China), Tevatronics (Israel), SemiosBio Technologies (Canada), WaterBit (US), Phytech (Israel), Rivulis (Israel), Jain Irrigation Systems (India), Hidrosoph (Portugal), and AquaSpy (US).

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