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 CAGR of 5.8% during the forecast period. This is attributed to an increase in the adoption of plantation intelligence (PI) and data mining by farmers and reduction in the wastage of resources and manpower.
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Key Market Players
The key vendors in the global smart plantation management systems 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). These players have broad industry coverage and strong operational and financial strength.
Asia Pacific is projected to account for the largest market share in the smart plantation management systems during the forecast period
The Asia Pacific market accounted for the largest share in 2018. This dominance is attributed to the favorable climatic conditions for plantation crops. It has a huge potential due to the large cultivation of plantation crops, which include tea, sugarcane, and cotton. The deployment of smart plantation management systems in the region is still in its nascent stage and is expected to witness robust growth that will improve the crop yield with optimized usage of resources. China holds the major market share due to the presence of a large cultivation area for plantation crops, specifically for tea, sugarcane, and fruits.
The irrigation systems segment is estimated to account for the largest market share in 2019 in the smart plantation management systems
The irrigation systems segment is estimated to dominate the market for smart plantation management systems, by type, in terms of value, in 2019. Smart irrigation systems control and monitor the water scheduling for plantation crops based on the data collected by sensors. Furthermore, the use of smart irrigation systems reduces the amount of water needed for irrigation, resulting in the reduction of operation cost, specifically for large farmland. According to the tests by the Irrigation Association (IA) and the International Center for Water Technology (California), smart irrigation systems save about 20% more water than traditional irrigation systems, which is one of the major factors driving its demand in the market.
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By crop, the fruit segment is projected to account for the largest market share during the forecast period
The smart plantation management systems market, by crop, was dominated by the fruits segment throughout the forecasted period, as fruits have emerged as a key crop for the usage of smart plantation management systems, given the large number of players offering smart plantation 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 consumption.
Dec 15, 2021
Smart Plantation Management Systems Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2025
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 CAGR of 5.8% during the forecast period. This is attributed to an increase in the adoption of plantation intelligence...
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