About Imaging Technology for Precision Agriculture
Imaging technologies in precision agriculture involve the use of various sensors and cameras to capture detailed information about crops, soil, and other environmental factors. These technologies enable farmers and agronomists to monitor and analyze crop health, detect diseases, assess nutrient levels, and identify pest infestations with a high level of accuracy. Aerial and ground-based imaging solutions are used for crop monitoring, soil mapping, and climate monitoring. Imaging technology plays a pivotal role in crop monitoring, with its primary application being pest and disease detection. By harnessing the power of advanced sensors and imaging techniques, farmers can swiftly and accurately identify early signs of infestations or diseases in their crops.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.77% |
Competition among existing players is due to the Imaging Technology for Precision Agriculture market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Imaging Technology for Precision Agriculture market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Imaging Technology for Precision Agriculture market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bayspec (United States), Quest Innovation (India), Tetracam (United States), Pixelteq (United States), MicaSense (United States), XIMEA (United States), Teledyne DALSA (Canada), Resonon Inc. (United States), Deere & Company (United States), Trimble Inc. (United States) and AGCO Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Specim (Finland), Agricolus (Italy) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Imaging Technology for Precision Agriculture market by , Application (Crop Monitoring, Soil Mapping, Climate Monitoring and Others) and Region.
On the basis of geography, the market of Imaging Technology for Precision Agriculture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Aerial Imaging will boost the Imaging Technology for Precision Agriculture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Crop Monitoring, the sub-segment i.e. Nutrient Analysis will boost the Imaging Technology for Precision Agriculture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The development of more compact and affordable imaging sensors.
Market Growth Drivers:
The low cost of hyperspectral imaging camera technology is driving adoption in the agricultural sector. and Increasing R&D activities by research institute for precision agriculture.
Challenges:
Adoption and lack of awareness.
Restraints:
Lack of surety regarding returns.
Opportunities:
Technological advancement in precision agriculture sector. and Customization and tailored solution.
Market Leaders and their expansionary development strategies
In December 2022, Lindsay Corporation, a global manufacturer and distributor of irrigation equipment, announced a strategic partnership with Ceres Imaging. The collaboration would integrate Ceres Imaging's high-resolution imagery and analytics into Lindsay's FieldNET platform, enhancing remote monitoring, control, and analysis of irrigation.
In July 2023, Aurea Imaging, the leading crop intelligence provider for fruit growers, announced the launch of TMS TreeScout, the world’s first fully integrated tractor-mounted sensor for precision orchard management. Powered by AI and 3D computer vision, TMS (Tractor Mounted Sensor) TreeScout helps farmers with tasks including tree scanning, blossom mapping and vigor scoring of trees. It enables them to increase fruit tree yields, boost revenues, lower input costs, reduce labor expenses, and safeguard the environment.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.