“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 of new technologies like cloud computing and the internet of things (IoT) coupled with the introduction of the robotic system. Technological development like 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 autonomous flight control systems and powerful and lightweight hyperspectral snapshot cameras is expected to improve the plantation management system. Moreover, the application of decision-tree models and advanced software platforms in smart plantation management systems allows farmers to differentiate between plant diseases based on optical information. For instance, Shivrai Technologies Private Limited, an IT solutions service provider, offers various integrated software platforms such as “FarmERP,” “FarmERP Lite,” and “Farm Gyan,” which provides an advanced level of analytics to support smart plantation management system.
Smart plantation management systems are projected to boost the market owing to site-specific weather forecasts, probability maps for diseases, yield projections, and disaster-based information, allowing the cultivation of crops optimally. Additionally, the application of technologies like supply chain farm robotics, machine learning, blockchain, and remote sensing in plantation management systems offers information regarding waste reduction, environmental sustainability, soil optimization, and analysis of agricultural facts.
“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 smart plantation management systems market in 2019. Smart irrigation systems use sensors to control and monitor the watering schedule, thereby enhancing 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, smart irrigation systems are used to save water around 25% as compared to customary irrigation systems. The aforementioned factors are expected to boost the market on a global scale over the forecast period.
Applying the internet of things (IoT) in the agriculture industry enables farmers to overcome a few challenges like limited availability of lands, increasing water shortages, difficulty in managing costs, and meeting consumption needs. Moreover, the rising adoption of 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 the mistreatment of automation instrumentation, thereby allowing farmers towards optimal use of water at a precise time.
“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 the largest share in 2018, and the dominance is accredited to favorable climatic conditions for plantation and other fruits. In addition, the bulky cultivation of agricultural crops created a huge potential, including sugarcane, tea, and cotton. Furthermore, the wide-scale adoption of smart plantation management systems across the region is projected to witness robust growth, improving crop yield with enhanced usage of resources. On the other hand, China clamps the foremost market share, owing to 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, a rise in concerns toward the environment, adverse climatic conditions, and reduction in the number of farmlands, and a 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 R&D investments is projected to drive the demand for smart plantation management systems across the region.
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 to provide a comprehensive solution for both organizations towards the real-time decision for crop yields.
In December 2018, Netafim, an Israeli irrigation equipment manufacturer, formed an association with ACOM, a technology firm, and Khang Thinh Irrigation Technology JSC, a distributor of irrigation equipment, to offer new technologies and a database system that 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 2018to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
SegmentationType (2017–2027; US$ Bn)
Irrigation System
Harvesting System
Plantation Growth Monitoring System
Crop (2017–2027; US$ Bn)
Coffee
Oilseeds
Sugarcane
Fruits
Cotton
Others
Component (2017–2027; US$ Bn)
Hardware
Software
Geography (2017–2027; US$ Bn)
North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (Japan, China, India, Rest of Asia Pacific)
Rest of the World (Latin America, Middle East & Africa)
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. In addition, the global report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Frequently Asked Questions
The market for Smart Plantation Management Systems is expected to reach US$ 1.26 Bn in 2028.
The Smart Plantation Management Systems market is expected to see significant CAGR growth over the coming years, at 9.0%.
The report is forcasted from 2019-2027.
The base year of this report is 2021.
Robert Bosch, Deere & Company, Netafim, Synelixis Solutions, DTN, Tevatronics, Semiosbio Technologies, Jain Irrigation Systems, Hidrosoph, Aquasky, AG Leader Technology are some of the major players in the global market.
