Smart Plantation Management Systems Market Growth Analysis | 2023-2028

Market Insights

The smart plantation management systems market was estimated at USD 1.2 billion in 2022 and is likely to grow at a CAGR of 5.73% during 2023-2028 to reach USD 1.67 billion in 2028.

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Market Dynamics

Introduction

Smart plantation management systems are used to control and monitor the water scheduling for plantation crops, which improves the quality and quantity of the agricultural products. It also reduces the amount of water that is to be used for irrigating, and hence, eventually reduces the operational cost.

Market Drivers

The increase in the adoption of various methods such as plantation intelligence and data mining by farmers and the reduced wastage of resources and manpower are the major factors driving the growth of the market during the forecast period.

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Key Players

Some of the key players in the market are:

• AquaSpy, Inc.
• DTN
• Hidrosoph
• Jain Irrigation Systems
• John Deere
• Netafim
• Rivulis Irrigation Ltd.
• Robert Bosch
• Synelixis Solutions S.A.
• WaterBit.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Type

Based on the type, the market is segmented as irrigation systems, plant growth monitoring systems, and harvesting systems. The irrigation systems held the largest share of the market in 2022 and are likely to lead the market during the forecast period. The smart irrigation systems control the process of water flow for planting crops based on the available data collected by sensors. Moreover, smart irrigation systems also help in reducing the amount of water required for the irrigation of plants, which results in reduced operational costs, particularly in the case of large farmland. One of the major factors that is driving the demand for smart irrigation systems in the market is its saving of 20% more water than traditional irrigation systems.

By Crop Type

Based on the crop type, the market is segmented as coffee, oilseeds, sugarcane, cotton, fruits, and others. The fruit segment accounts for the largest share of the market and is expected to remain dominant during the forecast period, as fruits seem to be a key crop for using smart plantation management systems. There are a large number of players that offer smart plantation management systems for fruits and various technologies developed for different kinds of fruits. Fruits such as grapes, apples, and citrus fruits are the major ones having higher consumption in the implementation of smart plantation management systems.

By Component Type

Based on the component type, the market is segmented as hardware and software. The hardware segment is projected to be the dominant segment of the market during the forecast period. It includes various components such as sensors, GPS devices, flow meters, displays, and switches, among others. Installation of sensors is done on the plants and soil which sense and collect real-time data, which generate reports and maps providing assistance to the farmers in making better decisions regarding their crops. Sensors such as water, soil, moisture, weather, wind intensity, and temperature sensors are the major ones used for plantation crops. The improved technologies in software systems are driving the growth of hardware components in the market.

Regional Insights

In terms of regions, Asia-Pacific held the largest share of the market in 2022 and is likely to lead the market. The suitable climatic conditions for plantation crops are the major factors behind APAC, which is the dominant region in the market. The region has a great capability owing to its large cultivation of plantation crops, including tea, cotton, and sugarcane. The distribution of smart plantation management systems in APAC is still in its budding stage and is estimated to grow robustly, which in turn, will improve the crop yield with enhanced usage of resources for plantation crops. China accounts for the major share of the market owing to the existence of a large cultivation area, specified majorly for sugarcane, tea, and different types of fruits. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects smart plantation management systems market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The smart plantation management systems market is segmented into the following categories:

By Type

• Irrigation Systems
• Plant Growth Monitoring Systems
• Harvesting Systems

By Crop Type

• Coffee
• Oilseeds
• Sugarcane
• Cotton
• Fruits
• Others

By Component Type

• Hardware
• Software

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by crop type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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