Enjoy complimentary customisation on priority with our Enterprise License!
The agricultural camera and monitoring systems market size is forecast to increase by USD 7.39 billion, at a CAGR of 8.71% between 2023 and 2028. The market growth analysis depends on several factors such as the growing adoption of drone technology, the agricultural monitoring systems beneficial in climate change challenges, and the global food security concerns boosting agricultural monitoring systems.
The report includes a comprehensive outlook on the Market, offering forecasts for the industry segmented by Application, which comprises agriculture monitoring and agriculture security. Additionally, it categorizes Component into hardware, and software and services, and covers Regions, including North America, Europe, APAC, South America, and Middle East and Africa. The market report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Market Forecast 2024-2028
To learn more about this report, Request Free Sample
Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Drones can quickly and accurately survey large agricultural fields, providing detailed maps of topography, soil composition, and field variability. Drones equipped with high-resolution cameras and sensors capture aerial images and provide farmers with real-time, high-quality data. Drones can quickly recognize signs of pests or diseases in crops, permitting farmers to take timely action to prevent the spread of infections. Early detection enables targeted treatments, lowering the need for widespread pesticide application.
Moreover, the high adoption of drone technology in agriculture reflects a broader trend toward leveraging advanced technologies to enhance farming practices, enhance efficiency, and address challenges related to resource management and environmental sustainability. As technology continues to evolve, drone applications in agriculture will likely expand, offering even more sophisticated solutions to farmers which may expected to drive the growth of the global market during the forecast period.
Automation in farming equipment, such as tractors and harvesters, has become more prevalent. These machines are usually equipped with global positioning system(GPS) guidance systems and sensors that allow them to perform tasks with high precision. This integration improves overall efficiency while lowering the demand for physical labor. Automated machinery can be equipped with integrated cameras and sensors to collect data on various aspects of crop health, soil conditions, and environmental factors.
Moreover, automated data collection reduces the reliance on manual labor, ensuring a consistent and continuous flow of information. Automated machinery reduces the manual labor required for certain tasks, allowing farmworkers to focus on more strategic and specialized activities. This increased productivity contributes to overall operational efficiency, which will fuel the growth of the global market during the forecast period.
The widespread adoption of agricultural cameras and monitoring systems faces a challenge as many farmers may lack awareness or exhibit hesitancy toward adopting new technologies. It is crucial to implement comprehensive education and training programs to enlighten farmers about the benefits and long-term cost savings offered by these systems. The absence of accessible education and training opportunities can hinder farmers' understanding of the capabilities and integration of monitoring systems into existing farming practices.
Moreover, the lack of training can hinder the adoption of new technologies. There may be communication gaps between technology providers, policymakers, and farmers. Information about the advantages of monitoring systems may not effectively reach the end-users, leading to a lack of awareness about the available solutions, which may impede the growth of the global market during the forecast period.
The agricultural monitoring segment will account for a major share of the market's growth during the forecast period.? Agricultural monitoring involves the use of various technologies and tools to collect data, analyze conditions, and track parameters associated with crop growth, environmental aspects, and farm operations. This data-driven practice allows farmers to make informed conclusions, optimize resource usage, and improve overall productivity. Changing climate patterns and unpredictable weather events have increased the need for monitoring systems to help farmers adapt to evolving conditions. Agriculture monitoring enables proactive responses to weather-related challenges.
Customised Report as per your requirements!
The agricultural monitoring segment was valued at USD 9.71 billion in 2018. Farmers are becoming more conscious of the advantages of using technology to monitor their crops. Educational programs, training sessions, and demonstrations contribute to improved awareness and adoption. DeltaQuad B.V. offers agriculture cameras and monitoring systems such as DeltaQuad Evo DeltaQuad Pro for yield estimation, crop health scouting, irrigation, and soil. Moreover, monitoring systems contribute to raising food security by optimizing crop production, which is anticipated to fuel the growth of the global market during the forecast period.
Based on component, the market has been segmented into hardware, and software and services. The hardware segment will account for the largest share of this segment. The hardware equipment segment includes cameras, sensors, and drones. Prominent market players include Basler AG, Trimble Inc., and iFlight Innovation Technology Ltd.. Basler AG offers agriculture cameras and monitoring systems such as Basler Ace 2 L GigE, Basler Dart, and Basler ToF 3D Camera. Agricultural cameras are a vital component of precision agriculture, permitting farmers to monitor their fields with high-resolution imagery. Furthermore, as technology continues to advance, the abilities and applications of hardware equipment are possible to expand further, which will drive the growth of the global market during the forecast period.
For more insights on the market share of various regions Download Sample PDF now!
North America is estimated to contribute 42% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. North American farmers are increasingly embracing precision agriculture, incorporating advanced technologies like agricultural cameras and monitoring systems. Ongoing advancements in camera technology, sensors, and data analytics enhance the effectiveness and user-friendliness of these systems. The adoption of these technologies allows farmers to monitor crop health, optimize irrigation, detect diseases, and manage resources more efficiently, leading to increased productivity and cost savings.
Moreover, with a rising focus on sustainable agriculture practices, these systems play a crucial role in optimizing resource use and minimizing environmental impact. The competitive agricultural technology sector fosters innovation among solution providers in North America. Hence, such factors are expected to drive market growth in this region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
3D Security Inc., ADISYS Technologies Pvt. Ltd., AgEagle Aerial Systems Inc., Avigilon Corp., Basler AG, Chengdu JOUAV Automation Tech Co. Ltd., DELAIR SAS, DeltaQuad B.V., Eye Trax Inc., Guangzhou XAG Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., iFlight Innovation Technology Ltd., IoTechWorld Avigation Pvt. Ltd., Jansen Electronics, Parrot Drones SAS, Reolink, Sentera Inc., Teledyne Technologies Inc., Topcon Corp., Trimble Inc., Valmont Industries Inc., Warner Electronics India Pvt. Ltd., and ZenaDrone Inc.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Agricultural Camera and Monitoring Systems Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.71% |
Market Growth 2024-2028 |
USD 7.39 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.89 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 42% |
Key countries |
US, China, Australia, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3D Security Inc., ADISYS Technologies Pvt. Ltd., AgEagle Aerial Systems Inc., Arable Labs Inc., Avigilon Corp., Basler AG, Chengdu JOUAV Automation Tech Co. Ltd., DELAIR SAS, DeltaQuad B.V., Eye Trax Inc., Guangzhou XAG Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., iFlight Innovation Technology Ltd., IoTechWorld Avigation Pvt. Ltd., Jansen Electronics, Parrot Drones SAS, Reolink, Sentera Inc., Teledyne Technologies Inc., Topcon Corp., Trimble Inc., Valmont Industries Inc., Warner Electronics India Pvt. Ltd., and ZenaDrone Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.