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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What are smart plantation management systems?

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 Dynamics

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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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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Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market? 
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

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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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.

Research Methodology

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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the 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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

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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