DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The global smart plantation management systems market size 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 increasing adoption of plantation intelligence (PI) and data mining by farmers and reduction in the wastage of resources and manpower. However, high capital investment in the development of smart plantation management systems is expected to hinder the market growth.
Smart irrigation systems control and monitor the water scheduling for the plantation crops based on the data collected by the sensors. They reduce the amount of water needed for irrigation, resulting in the reduction of operation costs, specifically for large farmlands. According to tests by the Irrigation Association (IA) and the International Center for Water Technology (California), smart irrigation systems save around 20% more water than traditional irrigation systems, which is one of the major factors driving its demand in the market.
The Asia Pacific region accounted for the largest market share in 2018. This dominance is due to the large cultivation of plantation crops, which include tea, sugarcane, and cotton. Furthermore, this region is characterized by government support to promote the Internet of Things (IoT) in farming, adverse climatic conditions, rise in concerns toward the environment, decrease in productivity, and reduction in the number of farmlands. China is estimated to account for the major market share due to the presence of large cultivation areas for plantation crops, specifically for tea, sugarcane, and fruits.
A wide presence of manufacturers in the region is also driving market growth. The main players operating in the region include Netafim (Israel), Deere & Company (US), Synelixis Solutions (Greece), and AgroWebLab Co., Ltd (China).
The study covers the smart plantation management systems market across segments. It estimates the market size and its growth potential across different segments such as type, crop, component, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Currency Considered
1.5 Units Considered
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Smart Plantation Management Systems Market
4.2 Smart Plantation Management Systems Market: Major Regional Submarkets
4.3 Asia Pacific: Smart Plantation Management Systems Market, By Type and Key Country
4.4 Smart Plantation Management Systems Market, By Type and Region
4.5 Smart Plantation Management Systems Market, By Crop
4.6 Smart Plantation Management Systems Market, By Component
5 Market Overview
5.2 Market Dynamics
5.3 Value Chain
6 Smart Plantation Management Systems Market, By Type
6.2 Irrigation Systems
6.3 Plant Growth Monitoring Systems
6.4 Harvesting Systems
7 Smart Plantation Management Systems Market, By Crop
8 Smart Plantation Management Systems Market, By Component
9 Smart Plantation Management Systems Market, By Region
10 Competitive Landscape
10.2 Competitive Leadership Mapping
10.3 Market Share Analysis
10.4 Competitive Scenario
11 Company Profiles
- Robert Bosch
- Deere & Company
- Synelixis Solutions
- Agroweblab Co., Ltd
- Semiosbio Technologies
- Jain Irrigation Systems
- AG Leader Technology
- Teejet Technologies
- Crop Metrics
- Topcon Group
- Raven Industries
For more information about this report visit https://www.researchandmarkets.com/r/dggvyp
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.