Global Yield Monitor Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Hardware Component and Software Service;

Hardware Components - Sensors, GPS/GNSS Devices, Display Devices, and Guidance & Steering, Software & Services - Yield Data Management Software and Consulting & Training Services.

By Technology;

Guidance Systems - Global Positioning System (GPS) and Geographic Information System (GIS), Remote Sensing - Handheld and Satellite.

By Application;

Variable Rate Application (VRA), Field Mapping, Soil Monitoring, Crop Scouting, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn468059986 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Yield Monitor Market (USD Million), 2020 - 2030

In the year 2023, the Global Yield Monitor Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

Yield monitoring systems, integral to precision farming, play a pivotal role in modern agricultural practices by providing farmers with real-time data on crop yields and moisture levels during harvest. These systems enable farmers to make informed decisions regarding crop management, resource allocation, and optimization strategies. By gathering data on factors such as weather conditions, pesticide and fertilizer application, and soil properties, yield monitoring devices empower farmers to assess the impact of various inputs on crop productivity, ultimately leading to improved yields and profitability.

In recent years, the integration of advanced technologies into yield monitoring systems has revolutionized agricultural productivity, enabling growers to achieve significant efficiency gains and enhance their bottom line. The deployment of these devices and services facilitates location-specific agriculture, allowing farmers to tailor their practices to the unique conditions of their fields and maximize yields accordingly.

Mapping and yield monitoring services offer a plethora of benefits both on and off the farm. Real-time access to farm data and spatial databases empowers producers to make timely and informed decisions, optimize resource utilization, and improve overall operational efficiency. Additionally, these services provide valuable insights into the general conditions of agricultural land, facilitating strategic planning and risk management.

The increasing global demand for food, driven by population growth and changing dietary patterns, underscores the importance of enhancing agricultural productivity through innovative technologies like yield monitors. Government subsidy initiatives further incentivize farmers to adopt advanced monitoring techniques, creating a conducive environment for market growth. However, challenges such as low awareness of performance monitoring services and limited utilization of performance data hinder the market's expansion.

The emergence of Unmanned Aerial Vehicles (UAVs) for performance monitoring presents promising growth opportunities in the market. UAVs offer a cost-effective and efficient means of collecting high-resolution data over large agricultural areas, enabling farmers to obtain accurate insights into crop health and yield variability. Similarly, the adoption of high-end technologies like the Internet of Things (IoT) holds great potential for enhancing performance monitoring capabilities and driving market growth.

Nevertheless, interoperability issues between yield monitors from different manufacturers pose a challenge, limiting farmers' choices and complicating the integration of disparate technologies. Addressing these compatibility concerns and fostering collaboration among industry stakeholders will be crucial in unlocking the full potential of yield monitoring systems and driving continued innovation in precision agriculture.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Hardware Component & Software Service
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Yield Monitor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Enhanced Agricultural Productivity

        2. Precision Agriculture Adoption

        3. Government Initiatives and Subsidies

      2. Restraints
        1. Low Awareness and Expertise

        2. Interoperability Challenges

      3. Opportunities
        1. Emerging Markets and Untapped Opportunities

        2. Adoption of Internet of Things (IoT) Technology

        3. Rising Demand for Food Security

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Yield Monitor Market, By Hardware Component & Software Service, 2020 - 2030 (USD Million)
      1. Hardware Component
        1. Sensors
        2. GPS/GNSS Devices
        3. Display Devices
        4. Guidance & Steering
      2. Software & Services
        1. Yield Data Management Software
        2. Consulting & Training Services
    2. Global Yield Monitor Market, By Technology, 2020 - 2030 (USD Million)
      1. Guidance Systems
        1. Global Positioning System (GPS)
        2. Geographic Information System (GIS)
      2. Remote Sensing
        1. Handheld
        2. Satellite
    3. Global Yield Monitor Market, By Application, 2020 - 2030 (USD Million)
      1. Variable Rate Application (VRA)
      2. Field Mapping
      3. Soil Monitoring
      4. Crop Scouting
      5. Others
    4. Global Yield Monitor Market, By Geography, 2020 - 2030 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. AGCO Corporation

      2. AGJUNCTION INC

      3. Ag Leader Technology

      4. Deere & Company

      5. Case IH

      6. Precision Planting

      7. LLC

      8. Raven Industries, Inc

      9. TeeJet Technologies

      10. Topcon Precision Agriculture

      11. Trimble Navigation Limited

  7. Analyst Views
  8. Future Outlook of the Market