The need for food security to meet rising food demand and the needs of an increasing global population is driving imaging technology for precision agriculture market revenue growth
Precision agriculture is an integral part of the digital agriculture revolution that is enabling modern farmers to manage and optimize the production of crops remotely and in real-time. Also known as site-specific crop management (SSCM) or satellite farming, precision agriculture is a technology-driven approach to farming management and helps precisely identify measure, and analyze the essential needs of crops.
Precision agriculture involves the use of technologies like AI, Internet of Things (IoT), Big Data, satellite imagery, global positioning systems (GPS), geographic information systems (GIS), UAVs (unmanned aerial vehicles)/ drones, and web-GIS frameworks to streamline farming operations and optimize agricultural productivity. These technologies are used to gather and analyze environmental data such as topography/terrain features, organic matter content, nitrogen levels, moisture levels, pH levels, and crop yield. Agricultural drones are equipped with multi-spectral or RGB (red, green, & blue wavelengths) cameras that capture images of field imagery and provide important geographical information.
Modern farmers are using sensor-based technology such as optical sensors, electrochemical sensors, and dielectric soil moisture sensors to gather vital data on soil fertility, irrigation water availability, soil nutrient, and pH levels, soil moisture content, local climate data, and other important factors impacting crop yield. Near-infrared spectroscopy (NIRS) is an imaging technology that is gaining major traction in the agriculture industry as an imperative tool for precision farming. The technology offers a wide range of benefits such as real-time mapping of fields, with up to 4,000 readings per second, and improved monitoring of soil health and crop growth.
Revenue growth of the global imaging technology for precision agriculture market is majorly attributed to factors such as increasing agricultural activities worldwide, growing demand for food and other agricultural products, rapid adoption of precision farming technologies for better crop health monitoring and environmental impact analysis, and continuous advances in imaging technologies for precision agriculture.
The growing use of UAVs in precision farming, and the rising demand for multispectral imaging solutThe rising need for maximizing crop yield while minimizing labor, input costs, resources, and wastage is resulting in collaboration between farmers and tech companies for the adoption of advanced imaging technologies for precision farming. Furthermore, the increasing need to minimize the cost of water and fertilizer management and to control pests from causing crop damage is expected to boost demand for imaging systems in the agriculture sector during the forecast period.
The high-quality end images offered by advanced imaging technologies help farmers to save money and cost on resources. Moreover, governments of various countries are supporting the development of advanced imaging technologies by funding tech companies to help agricultural businesses maximize production in fields and greenhouses, which is driving the growth of imaging technology for the precision agriculture market.
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