Autonomous Crop Management Market Exhibiting At A CAGR Of 16.2% From 2022 To 2030Posted by Neha Bora on October 18th, 2023 San Francisco, 18 Oct 2023: The Report Autonomous Crop Management Market Size, Share & Trends Analysis Report By Solution, By Deployment, By Application (Crop Tracking & Management, Weather Tracking & Forecasting), By Region, And Segment Forecasts, 2022 - 2030 The global autonomous crop management market size is anticipated to reach USD 5.58 billion by 2030, registering a CAGR of 16.2% over the forecast period, according to a new report by Grand View Research, Inc. The collection of agricultural data to enhance crop growth, development, and production using advanced software and technologies is known as autonomous crop management. The market is expanding due to growing agricultural activities and the demand for real-time data for decision-making. The primary goal of the crop management framework is to understand the environment by analyzing data generated with the help of crop management software. Since the data gathered from agricultural activities depends on real-time data analysis, which makes data management crucial. Artificial intelligence (AI) and machine learning (ML) have become more widespread, enabling real-time access to data that simplifies data management tasks like planning, buying, feeding, harvesting, marketing, and inventory control. Real-time data collected from farming operations aid in analysis and decision-making. Thus, an increase in the implementation of AI and ML for real-time farm data management is driving the growth of the industry. Furthermore, to meet the growing need for food, most companies are implementing a variety of strategies like merger acquisition, partnerships, and new product launches by implementing a wide range of technologies. For instance, in August 2022, Trimble acquired Bilberry French technology company to extend the selective spraying capabilities for sustainable farming. Selective spraying solutions help the farmers to address the challenges that include an increase in production costs and rising weed resistance to herbicides. Additionally, in 2019, Syngenta acquired the Cropio Group, an Ag-Tech company that offers end-to-end software solutions that provide imaging, equipment tracking, and record keeping. Software is required to meet the needs of farmers striving for great productivity. This has prompted many investors to fund startups, contributing to the crop management software market expansion. However, a lack of workforce with proper technical knowledge is likely to hamper the industry’s growth. The industry’s expansion in the upcoming years is also anticipated to be hindered by poor internet access, particularly in emerging markets. Nevertheless, the key players are expecting to find plenty of opportunities to profit in the near future, owing to the technical improvements and the increasing use of smartphones. For instance, in February 2022, Croptracker, Inc. released ground-breaking Harvest Quality Vision 3.0 (HQV 3.0) which to anticipate the size of harvested food accurately. It uses the same off-the-shelf LiDAR technology seen in iPads and iPhones to quickly and accurately scan fruits of all shapes and sizes. Access Research Report of Autonomous Crop Management Market @ https://www.grandviewresearch.com/industry-analysis/autonomous-crop-management-market-report Autonomous Crop Management Market Report Highlights
Autonomous Crop Management Market Report Scope
List of Key Players in the Autonomous Crop Management Market
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