Smart Crop Scouting and Smart Spraying Market Trends, Segmentation, Future Plans & Forecast to 2028

[mohit bisresearch]

Smart Crop Scouting and Smart Spraying, a burgeoning segment within precision agriculture, utilize AI, drones, and IoT to enhance crop management. Smart Crop Scouting involves remote monitoring and data analysis to identify crop health issues, pests, and diseases. Smart Spraying employs automated precision technology to optimize pesticide and fertilizer application, reducing wastage. The market for these solutions is experiencing rapid growth as farmers seek efficient and sustainable methods of crop management, promising increased yields and cost savings.

The global smart crop scouting and smart spraying market was valued at $3,47 billion in 2022, which is expected to grow with a CAGR of 18.78% and reach $9.86 billion by 2028. This growth is primarily driven by the agricultural industry's growing emphasis on achieving higher crop yields while minimizing input costs. Smart crop scouting and smart spraying technologies offer precise and targeted approaches for pest and disease management, optimized nutrient application, and effective weed control.

By enabling farmers to make data-driven decisions, enhance operational efficiency, reduce resource wastage, and mitigate environmental impact, these technologies are poised to fuel the expansion of the global smart crop scouting and smart spraying market in the coming years.

Global Smart Crop Scouting and Smart Spraying Market (by Application)

Smart crop scouting and smart spraying are expected to generate significant revenue for the global market. The use of smart crop scouting can help farmers detect and manage crop stress, diseases, and pests, as well as optimize nutrient application. This can lead to increased crop yields, reducing losses due to pests and diseases, and improving overall profitability for farmers. Smart spraying can also reduce the use of chemicals and improve nutrient application efficiency. As a result, the adoption of smart crop scouting and smart spraying technologies is expected to drive the growth of the global market, creating new opportunities for precision agriculture equipment manufacturers and service providers.

Global Smart Crop Scouting and Smart Spraying Market (by Product)

Smart crop scouting utilizes two main product types, namely, equipment scouting, including robots, drones, and others, and software scouting, including GIS software, remote sensing software, and crop management software.

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The software scouting segment is also expected to grow with a CAGR of around 20% over the forecast period, owing to the increasing use of software solutions for crop management and decision-making. For instance, GIS software can be used for mapping and analyzing soil data, while remote sensing software can be used for detecting changes in crop health and growth. Crop management software can be used for monitoring and optimizing crop growth, helping farmers to make data-driven decisions and increase yields. The increasing availability of cloud-based software solutions is also driving market growth, as it allows farmers to access data and make decisions from anywhere.

Global Smart Crop Scouting and Smart Spraying Market (by Region)

North America generated the highest revenue, $1.24 billion in 2022, for the smart crop scouting and smart spraying market, and it is expected to continue leading the market throughout the forecast period. The demand for smart agriculture technology in the region is driven by factors such as the need to increase agricultural productivity, labor shortage, and the growing focus on sustainable agriculture. The increasing adoption of precision agriculture techniques, government initiatives supporting smart farming, and the presence of key market players are also contributing to the growth of the market in the region.

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Competitive Landscape

The global smart crop scouting and smart spraying market is a highly competitive and fragmented industry, with many players vying for market share. The market is characterized by the presence of agricultural companies, technology-based firms, and startups. The major players in the market include BASF SE (xarvio), Semios, CropIn, Climate LLC, FarmLogs, Granular, Deere & Company, AGCO Corporation, Trimble, Farmshots, Telus Agriculture, Agrodrones Solutions, Taranis, Greeneye Technology, WEED-IT, Precision AI, Hardi, Agrifac, Ecorobotix SA, and BA Pumps and Sprayers.

Smart crop scouting and smart spraying technologies are becoming increasingly important in reducing food wastage and improving crop quality. These technologies provide farmers with comprehensive data analysis of crop growth and health, allowing them to make informed decisions regarding crop protection and spraying. Smart scouting and spraying also include wireless assessment of soil and real-time prediction of perishable agricultural produce, enabling stakeholders to achieve timely decisions in the supply chain. As more farmers become aware of the benefits of these technologies over conventional farming methods, the market for smart crop scouting and smart spraying is expected to grow in the coming years.