Key Market Insights

“Rising investments towards smart plantation farming and growing awareness for optimized plantation system will boost the market”

The global smart plantation management systems market is growing competently, expected to grow at a CAGR of 6.0% during the estimated period from 2023 to 2030, starting from US$ 1.48 Bn in 2021.

Rising adoption towards new technologies like cloud computing and the internet of things (IoT) coupled with the introduction of the robotic system. Technological development like the use of electronic systems and data transmission introduced essential changes to the agricultural working environment in recent years. In addition, the development of unmanned aerial vehicles (UAVs) with the autonomous flight control systems, powerful and lightweight hyper spectral snapshot cameras expected to improve the plantation management system. Moreover, the application of decision-tree models and advanced software platform in smart plantation management systems allows farmers to differentiate between plant diseases based on optical information. For instance, Shivrai Technologies Private Limited, a IT solutions service provider offers various integrated software platform such as “FarmERP”, “FarmERP Lite”, and “Farm Gyan” provides advanced level of analytics to support smart plantation management system.

Smart plantation management systems are projected to boost up the market, owing to site-specific weather forecasts, probability maps for diseases, yield projections, and disasters based information allowing cultivation of crops in an optimal way. Additionally, application of technologies like supply chain farm robotics, machine learning, block chain, and remote sensing in plantation management system offers information regarding waste reduction, environmental sustainability, soil optimization, and analysis of agricultural facts.

Type Analysis

“Increasing adoption of smart irrigation technologies and various government initiatives, accounts to hold a higher revenue share across the market”

The irrigation systems segment is projected to hold the largest market value and dominate the market for smart plantation management systems in 2021. Smart irrigation systems use sensors to control and monitor the watering schedule, thereby enhance an optimized utilization of water required by plantation crops. Furthermore, the use of smart irrigation systems moderates the water requirements, owing to the reduction of operating costs for large farmland. For instance, according to the International Center for Water Technology, and Irrigation Association the smart irrigation systems used to saves water around 25% as compared to customary irrigation systems. The aforementioned factors are expected to boost up the market on a global scale over the forecast period.

The application of the internet of things (IoT) in the agriculture industry enables farmers to overcome a few challenges like limited availability of lands, increasing water shortages, difficult to manage costs, meeting consumption needs.  Moreover, rising adoption towards new technologies such as “3NV Nozzle System”, “Pivot Control Panel”, Soil Moisture Sensors”, and “Remote Sensing Technology” in irrigation systems will enhance the market growth.   In addition, automation in the nursery and farm irrigation system will reduce mistreatment of automation instrumentation, thereby allowing farmers towards optimal use of water at the precise time.

Regional Analysis

“Dominance is led by the growing implementation towards new technologies and government initiatives for large scale agriculture business.”

The Asia Pacific market is accounted to hold a largest share in 2021 and the dominance is accredited towards favorable climatic conditions for plantation and other fruits. In addition, the bulky cultivation of agricultural crops created a huge potential which includes sugarcane, tea, and cotton. The wide scale adoption of smart plantation management systems across the region projected to witness a robust growth which is projected to improve the crop yield with enhanced usage of resources. China clamps the foremost market share, owing to the presence of a large cultivable area for tea, fruits, sugarcane, and plantation crops. Furthermore, this region is characterized by government supports to promote the Internet of Things (IoT) in farming, rise in concerns toward the environment, adverse climatic conditions, and reduction in the number of farmlands and decrease in productivity.

Introduction of industrialization, digital agriculture, and mechanization of production processes, data management, and connectivity unleased the agriculture and plantation sector. Advancement in new technologies such as “Agriculture 4.0”, “Robotics”, “artificial intelligence (AI)”, “Big Data”, “Precision Farming”, and investments in R&D is projected to drive the demand for smart plantation management systems across the region.   

List of Companies Covered:

• Robert Bosch
• Deere & Company
• Netafim
• Synelixis Solutions
• DTN
• Tevatronics
• Semiosbio Technologies
• Jain Irrigation Systems
• Hidrosoph
• Aquaspy
• AG Leader Technology
• Teejet Technologies
• Crop Metrics
• Topcon Group
• Raven Industries

Key Industry Development:

• In June 2019, DTN, a U.S. based Minneapolis acquired PraxSoft, a communications technology and sensor interface company to provide more accurate data by using communication and sensors technology. This acquisition will hasten data acquisition from a wide range of sensors across different industries and facilitate insights to drive better business decisions.
• In April 2019, DTN, partnered with Decisive Farming, in order to provide a comprehensive solutions from both organization towards real-time decision for crop yields.
• In December 2018, Netafim, an irrigation equipment’s manufacturer of Israeli formed an association with ACOM, a technology firm, and Khang Thinh Irrigation Technology JSC, a distributor of irrigation equipment’s to offer new technologies and database system which offers real-time data for coffee planters in Vietnam.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Smart Plantation Management Systems market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Smart Plantation Management Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Smart Plantation Management Systems market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Smart Plantation Management Systems market?
• Which is the largest regional market for Smart Plantation Management Systems market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Smart Plantation Management Systems market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Smart Plantation Management Systems market worldwide?