CHICAGO, Dec. 13, 2019 /PRNewswire/ -- According to
the new market research report "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", published by MarketsandMarkets™, the
Smart Plantation Management Systems Market 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 the increase in
adoption of plantation intelligence (PI) and data mining by farmers
and a reduction in the wastage of resources and manpower.
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Plant growth monitoring systems are projected to form the
fastest-growing segment in the smart plantation management systems
market during the forecast period.
The smart plantation management systems market is segmented, on
the basis of type, into irrigation systems plant growth monitoring
systems and harvesting systems during the forecast period. Plant
growth monitoring systems generate alerts & notifications,
which help the farmers to control and track the growth status of
the plant. It also anticipates the risk of future diseases. These
systems are commonly used for various fruits, such as citrus,
mango, and apples. Thus, advancements in crop protection are
expected to drive growth.
Browse in-depth TOC
on "Smart Plantation Management
Systems Market"
104 - Tables
33 – Figures
144 – Pages
The fruit segment is projected to account for the largest
market share in the smart plantation management systems market
during the forecast period.
The smart plantation management systems market is segmented, on
the basis of crop, into fruits, oilseeds, cotton, sugarcane,
coffee, and others. The fruits segment is projected to be a leading
segment in the smart plantation management systems market. Fruits
have emerged as a key crop for the usage of smart plantation
management systems, given the large number of players offering
these systems for fruits and technologies developed for different
types of fruits. Grapes, citrus fruits, and apples are the major
fruits where smart plantation management systems have been
implemented due to their higher cultivation.
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The North American region is projected to be the
fastest-growing region in the smart plantation management systems
market during the forecast period.
The North American region is projected to be the fastest-growing
segment in the smart plantation management systems market during
the forecast period, owing to the largest concentration of
manufacturers and service providers involved in the smart
plantation management systems market. The market in North America is facing an acute labor
shortage due to work conditions and pay, resulting in the wastage
of several plantation crops and agricultural land. Erratic weather
patterns and the lack of proper information also result in crop
losses. This has resulted in more farms seeking alternative
solutions in the form of smart plantation management systems.
The prominent vendors in the smart plantation management systems
market include Robert Bosch
(Germany), Deere & Company
(US), Netafim (Israel), Synelixis
Solutions (Greece), DTN (US),
AgroWebLab Co., Ltd (AWL) (China),
Tevatronics (Israel), SemiosBio
Technologies (Canada), WaterBit
(US), Phytech (Israel), Rivulis
(Israel), Jain Irrigation Systems
(India), Hidrosoph (Portugal), and AquaSpy (US).
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