Dublin, Dec. 19, 2019 (GLOBE NEWSWIRE) -- The "Smart Plantation Management Systems Market by Type (Irrigation Systems, Plant Growth Monitoring Systems, and Harvesting Systems), Crop (Coffee, Oilseeds, Sugarcane, and Cotton), Component (Hardware and Software), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global smart plantation management systems market size is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2025, recording a compound annual growth rate (CAGR) of 5.8% during the forecast period.
The key players in this market include Robert Bosch (Germany), Deere & Company (US), Netafim (Israel), Synelixis Solutions (Greece), DTN (US), AgroWebLab Co., Ltd (AWL) (China), Tevatronics (Israel), SemiosBio Technologies (Canada), WaterBit (US), Phytech (Israel), Rivulis (Israel), Jain Irrigation Systems (India), Hidrosoph (Portugal), and AquaSpy (US).
Increase in adoption of plantation intelligence (PI) and data mining by farmers and reduction in the wastage of resources and manpower
The major factors driving the growth of the smart plantation management systems market include increasing adoption of plantation intelligence (PI) and data mining by farmers and reduction in the wastage of resources and manpower. However, high capital investment in the development of smart plantation management systems is expected to hinder the market growth.
The irrigation systems segment dominates the smart plantation management systems throughout the forecasted period
Smart irrigation systems control and monitor the water scheduling for the plantation crops based on the data collected by the sensors. It reduces the amount of water needed for irrigation, resulting in the reduction of operation costs, specifically for large farmlands. According to the tests by the Irrigation Association (IA) and the International Center for Water Technology (California), smart irrigation systems save around 20% more water than traditional irrigation systems, which is one of the major factors driving its demand in the market.
The software segment is projected to grow at a higher growth rate during the forecast period
The software used in smart plantation management systems helps the farmers and plant growers to manage and analyze the data collected from the fields via sensors. Various field operations, such as harvesting, fertigation, and irrigation, can be efficiently monitored and controlled with software, which saves time and increases crop yield. The software makes it possible for the farmers to control and manage their fields with the help of a smartphone, or a laptop, thereby eliminating the need to visit the fields frequently. These factors are expected to drive the growth of the software segment.
The Asia Pacific accounted for the largest market share in 2018
The Asia Pacific region accounted for the largest market share in 2018. This dominance is due to the large cultivation of plantation crops, which include tea, sugarcane, and cotton. Furthermore, this region is characterized by government support to promote the Internet of Things (IoT) in farming, adverse climatic conditions, rise in concerns toward the environment, decrease in productivity, and reduction in the number of farmlands. China is estimated to account for the major market share due to the presence of large cultivation areas for plantation crops, specifically for tea, sugarcane, and fruits.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Smart Plantation Management Systems Market
4.2 Smart Plantation Management Systems Market: Major Regional Submarkets
4.3 Asia Pacific: Smart Plantation Management Systems Market, By Type and Key Country
4.4 Smart Plantation Management Systems Market, By Type and Region
4.5 Smart Plantation Management Systems Market, By Crop
4.6 Smart Plantation Management Systems Market, By Component
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the Adoption of Plantation Intelligence (Pi) and Data Mining By Farmers
5.2.1.2 Reduction in the Wastage of Resources and Manpower
5.2.2 Restraints
5.2.2.1 High Capital Investment in the Deployment of Smart Plantation Systems
5.2.3 Opportunities
5.2.3.1 Growth in the Adoption of Smart Plantation Management Systems in Emerging Regions
5.2.3.2 The Advent of Big Data in Agriculture Farms
5.2.4 Challenges
5.2.4.1 Data Aggregation and Lack of Awareness Associated With Smart Plantation Management Systems
5.3 Value Chain
5.4 Yc Shift for Deere & Company
6 Smart Plantation Management Systems Market, By Type
6.1 Introduction
6.2 Irrigation Systems
6.2.1 Deployment of Irrigation Systems for A Wide Range of Plantation Crops Expected to Drive Their Demand
6.3 Plant Growth Monitoring Systems
6.3.1 Significant Usage of Plant Growth Monitoring Systems in Fruit Crops Expected to Drive Their Market Growth
6.4 Harvesting Systems
6.4.1 Increasing Farm Mechanization Driving the Market for Smart Harvesting Systems
7 Smart Plantation Management Systems Market, By Crop
7.1 Introduction
7.2 Coffee
7.2.1 Increasing Consumption of Coffee is Expected to Drive the Production of Coffee, in Turn, Driving the Demand for Smart Plantation Management Systems
7.3 Oilseeds
7.3.1 Large-Scale Irrigation Requirement of Oilseeds Plantation is Expected to Drive the Market for Smart Plantation Management Systems
7.4 Sugarcane
7.4.1 Difficulty in Accessing and Managing the Sugarcane Crop is Expected to Drive the Usage of Smart Plantation Management Systems
7.5 Cotton
7.5.1 Increasing Pressure to Adopt Better Practices in Cotton Farming Drives the Usage of Smart Plantation Management Systems
7.6 Fruits
7.6.1 Technological Development & Deployment for Fruits to Drive the Market Growth
7.7 Others
7.7.1 Increasing Pest Infestation and Diseases in Crops to Drive the Smart Plantation Management Systems Market
8 Smart Plantation Management Systems Market, By Component
8.1 Introduction
8.2 Hardware
8.2.1 Advancement in Software Systems Driving the Growth of Hardware Components
8.3 Software
8.3.1 Inclination Toward the Adoption of Efficient Agricultural Practices
9 Smart Plantation Management Systems Market, By Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Rest of the World (RoW)
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping
10.2.1 Visionary Leaders
10.2.2 Dynamic Differentiators
10.2.3 Innovators
10.2.4 Emerging Companies
10.3 Market Share Analysis
10.4 Competitive Scenario
10.4.1 New Product/Technology Launches
10.4.2 Acquisitions
10.4.3 Agreements, Collaborations & Partnerships
10.4.4 Investments
11 Company Profiles
11.1 Robert Bosch
11.2 Deere & Company
11.3 Netafim
11.4 Synelixis Solutions
11.5 DTN
11.6 Agroweblab Co. Ltd.
11.7 Tevatronics
11.8 Semiosbio Technologies
11.9 Waterbit
11.10 Phytech
11.11 Rivulis
11.12 Jain Irrigation Systems
11.13 Hidrosoph
11.14 Aquaspy
11.15 AG Leader Technology
11.16 Teejet Technologies
11.17 Crop Metrics
11.18 Topcon Group
11.19 Raven Industries
11.20 Agjunction
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