Asia Pacific Smart Crop Monitoring Market Size & Outlook
The smart crop monitoring market in Asia Pacific is expected to reach a projected revenue of US$ 1,642.8 million by 2030. A compound annual growth rate of 15.2% is expected of Asia Pacific smart crop monitoring market from 2024 to 2030.
Revenue, 2023 (US$M)
$610.9
Forecast, 2030 (US$M)
$1,642.8
CAGR, 2024 - 2030
15.2%
Report Coverage
Asia Pacific
Asia Pacific smart crop monitoring market highlights
- The Asia Pacific smart crop monitoring market generated a revenue of USD 610.9 million in 2023.
- The market is expected to grow at a CAGR of 15.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating type in 2023.
- Hardware is the most lucrative type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 610.9 million |
| Market revenue in 2030 | USD 1,642.8 million |
| Growth rate | 15.2% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | AGCO Corporation, CLAAS, Bayer AG, Deere & Co, Microsoft Corp, Prospera Technologies, Raven Industries, Robert Bosch Engineering & Business Solutions, The Small Robot Company, Trimble Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.4% of the global smart crop monitoring market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,642.8 million by 2030.
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Smart Crop Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Raven Industries | View profile | 1001-5000 | Sioux Falls, South Dakota, United States, North America | http://ravenind.com |
| Prospera Technologies | View profile | 11-50 | Tel Aviv, Tel Aviv, Israel, Asia | https://prospera.ag |
| AGCO Corporation | View profile | 10001+ | Beloit, Kansas, United States, North America | https://www.sunflowermfg.com/ |
| The Small Robot Company | View profile | 11-50 | Salisbury, Wiltshire, United Kingdom, Europe | https://www.smallrobotcompany.com/ |
| CLAAS | View profile | 10001+ | Harsewinkel, Nordrhein-Westfalen, Germany, Europe | https://claas-gruppe.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Trimble Inc | View profile | 12700 | 10368 Westmoor Drive, Westminister, CO, United States, 80021 | https://www.trimble.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
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