A recent Meticulous Research® report highlights the growth trajectory of the global Crop Monitoring Market, expected to hit $8.9 billion by 2030, with a CAGR of 19.3%. This upward trend is attributed to advancements in remote sensing, government IoT initiatives, and increasing demand for high-quality agricultural produce.
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Growth Drivers
The market expansion is propelled by an increasing reliance on remote sensing in agriculture, growing government backing for IoT in the sector, and the rising global population’s demand for food. Nevertheless, the high cost of technology and evolving regulatory policies may constrain growth.
Opportunities and Limitations
New opportunities arise from the integration of AI and IoT, as well as innovations in navigation systems. However, insufficient technical knowledge among some farmers and slower adoption in developing regions remain challenges.