Yield Monitoring System Market Report 2024

This Yield Monitoring System market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The yield monitoring system market size has grown rapidly in recent years. It will grow from $2.76 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth during the historic period can be attributed to the increased adoption of precision farming techniques, rising food demand driven by population growth, the growing need for real-time data analytics in agriculture, the expansion of sustainable agricultural practices, and heightened awareness among farmers about the benefits of yield monitoring systems.

The yield monitoring system market size is expected to see rapid growth in the next few years. It will grow to $4.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The projected growth during the forecast period can be attributed to the increasing adoption of advanced analytics in farming, the expansion of farm automation technologies, the rising need for improved crop management solutions, growing government support for smart farming, and heightened awareness of data accuracy in yield prediction. Key trends expected during this period include the adoption of advanced sensors, advancements in GPS technology, the development of user-friendly interfaces, integration with precision agriculture tools, and the advancement of calibration techniques.

The growth of agricultural productivity is expected to drive the expansion of the yield monitoring system market in the coming years. Agricultural productivity is on the rise due to advancements in technology, improved farming practices, better crop varieties, access to high-quality inputs, and effective land and water management. Increased productivity enhances the accuracy and volume of data provided by yield monitoring systems, enabling these systems to refine their measurements, improve predictive models, and offer more valuable insights for future planting and management decisions, ultimately optimizing farming practices. For example, in January 2024, the United States Department of Agriculture reported that the average yield for rice in the U.S. was estimated at 7,649 pounds per acre in 2023, a 264-pound increase from the 2022 average of 7,385 pounds per acre. As a result, the rising agricultural productivity is driving growth in the yield monitoring system market.

Key players in the yield monitoring system market are focusing on developing climate view trackers to boost agricultural efficiency by integrating climate data for better crop yield analysis. A climate view tracker is a tool designed to monitor and analyze environmental conditions to optimize crop performance. It aids productivity by offering real-time climate data and insights. For instance, in April 2024, ClimateAi, a US-based technology firm, introduced climateLens monitor yield outlook, a platform providing weekly climate-driven yield forecasts for major crops and insights into climate factors affecting their variability. This platform delivers precise, actionable updates more frequently than traditional reports, utilizing advanced machine learning and agronomic risk expertise. Yield monitoring systems are crucial in this market as they enhance decision-making amid increasing climatic variability.

In March 2024, John Deere, a U.S.-based company specializing in agricultural machinery, announced a partnership with Kinze and Ag Leader for an undisclosed amount. This collaboration aims to improve yield monitoring systems by integrating advanced data management and precision farming solutions to enhance real-time crop performance and productivity. Ag Leader is known for its cutting-edge precision agriculture tools, while Kinze is recognized for manufacturing durable, high-capacity planters and grain carts. Both Kinze and Ag Leader are U.S.-based companies specializing in farm equipment and precision farming technologies, respectively.

Major companies operating in the yield monitoring system market are Deere & Company, Yara International ASA, CNH Industrial N.V, AGCO Corporation, GEA Group AG, Hexagon AB, Trimble Inc., Helena Agri-Enterprises LLC, Mouser Electronics Inc., DeLaval Inc., Topcon Corporation, Kverneland Group, Raven Industries Inc., Iteris Inc., Precision Planting LLC, CLAAS KGaA mbH, Ag Leader Technology, Grains Research and Development Corporation, Farmers Edge Inc., Taranis, CropX Inc., AgEagle Aerial Systems Inc., Conservis Corporation, Sentek Technologies Pty Ltd, SPL Technologies Pvt. Ltd.

North America was the largest region in the yield monitoring system market in 2023. The regions covered in the yield monitoring system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the yield monitoring system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A yield monitoring system is an agricultural technology that tracks and measures crop yields in real time, offering insights into field variability and performance. This system helps optimize field management, enhance efficiency, and improve yield predictions, ultimately increasing profitability through data-driven decisions.

The yield monitoring system market consists of hardware, software, and services. Hardware includes the physical components and devices mounted on agricultural machinery to collect and process data during harvesting. Technologies used in these systems include guidance systems and remote sensing. Applications span variable rate application, crop scouting, field mapping, yield mapping, and more. End users include farmers, agriculture consultants, research organizations, and others.

The yield monitoring system market research report is one of a series of new reports that provides yield monitoring system market statistics, including the yield monitoring system industry global market size, regional shares, competitors with yield monitoring system market share, detailed yield monitoring system market segments, market trends, and opportunities, and any further data you may need to thrive in the yield monitoring system industry. These yield monitoring system market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The yield monitoring system market consists of revenues earned by entities by providing services such as real-time data collection and analysis, precision agriculture, mapping and visualization, performance tracking, and forecasting and planning. The market value includes the value of related goods sold by the service provider or included within the service offering. The yield monitoring system market also includes sales of grain yield monitors, harvesting sensors, GPS yield mapping systems, and field data logging equipment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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