Smart plantation management system market is anticipated to grow at a CAGR of 5.9% during the forecast period. The increasing reliance of the agricultural sector on cloud computing, IoT technology, agricultural sensors, smart irrigation systems, and machine learning is expected to create a favourable environment for the smart plantation management systems industry. The advent of hyper-spectral imaging, 3D laser scanning, and drone-based imaging sensors interconnected through cloud platforms are expected to result in higher penetration of plantation intelligence and subsequently facilitate the implementation of smart plantation management systems across the globe.For instance, in august 2021,AeroFarms and Nokia Bell Labs unveiled a groundbreaking multi-year partnership to combine their expertise and expand their joint capabilities in cutting-edge networking, autonomous systems, and integrated machine vision and machine learning technologies to identify and track plant interactions at the most advanced levels. Nokia Bell Labs, contributes its groundbreaking autonomous drone control and orchestration systems, private wireless networks, robust image, and sensor data pipelines, and innovative artificial intelligence (AI) enabled mobile sensor technologies, that allow AeroFarms to reach the next level of imaging insights and enhanced its capabilities as akey industry operator.
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The global smart plantation management system market is segmented based on the type, crop, and component. Based on type the market is sub-segmented into irrigation systems, plant growth monitoring systems, and harvesting systems. Based on crop, the market is sub-segmented into coffee, oilseeds, sugarcane, cotton, and others. Based on components, the market is bifurcated into hardware and software. Among the crop segment, the coffee segment is anticipated to hold a prominent market share, while the market sugarcane segment is estimated to witness the fastest growth.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Smart Plantation Management System Market Report Segment
By Type
- Irrigation Systems
- Plant Growth Monitoring Systems
- Harvesting Systems
By Crop
- Coffee
- Oilseeds
- Sugarcane
- Cotton
- Others
By Component
- Hardware
- Software
Global Smart Plantation Management System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart plantation management systemmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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