“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.
Market Synopsis
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“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.
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“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.
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List of Companies Covered:
Key Industry Development:
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.
ATTRIBUTE | DETAILS |
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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) |
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Component (2017–2027; US$ Bn) |
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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.