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The Agriculture Sensors Market achieved a valuation of USD 1.52 Billion in 2022, and projections indicate growth to USD 3.98 Billion by 2030, exhibiting a robust CAGR of 9.88% from 2023 to 2030.
The escalating popularity of agricultural sensors among farmers is driven by the imperative to maximize production within resource constraints. Shifts in weather patterns due to global warming necessitate the adoption of advanced sensors to optimize productivity and crop yield. These sensors offer real-time farm monitoring, weather forecasting, and optimal field management. By leveraging advanced sensors, farmers can boost yields with minimal human intervention and waste. The comprehensive Global Agriculture Sensors Market report assesses key segments, trends, drivers, restraints, competitive landscapes, and factors influencing the market.
Estimates suggest that the Agriculture Sensors Market will grow at a CAGR of 9.88%, reaching USD 3.98 Billion by the end of 2030. For detailed insights, refer to Arrow.
Agricultural sensors, also known as active sensors, emit light onto crop canopies and measure the percentage of light reflected back. Precision agriculture, or smart agriculture, empowers farmers to maximize yields with minimal resources, achieved through the deployment of agricultural sensors. These sensors enable farmers to understand crops at a micro-scale, conserve resources, and minimize environmental impact. Precision agriculture incorporates various sensing technologies that provide data for monitoring and optimizing crops.
A variety of agricultural sensors, including location sensors, optical sensors, electrochemical sensors, and mechanical sensors, serve distinct purposes. Mechanical sensors gauge soil compaction, while optical sensors use light to measure soil properties such as organic matter, clay, and moisture content.
Applications of agricultural sensors extend to yield monitoring and mapping, soil monitoring, disease control and detection, irrigation, and water management. Yield monitoring technologies provide valuable insights into varying yield abilities within fields, integrated into agricultural equipment to enhance productivity. Agricultural sensors play a crucial role in automating processes, eliminating manual efforts, and managing soil health to prevent nutrient depletion.
The growing demand for agricultural production, evolving technology practices, and increasing adoption of precision agriculture, low-till management, and advanced technology are key drivers of the agricultural sensors market. Changing weather patterns due to global warming further underscore the need for advanced sensors to enhance productivity and crop yield. The rising trend of smart greenhouses, fish farm monitoring, and livestock monitoring contributes to the global demand for agricultural sensors.
Industry growth is facilitated by the introduction of cost-effective, high-quality sensors and government incentives supporting smart agriculture in developing countries. Advanced sensors, capable of detecting root colonization in potatoes and aiding in pest control, exemplify the innovation driving market growth. Despite these positive trends, challenges include a lack of skilled workforce, absence of standards and protocols, complex integrated systems, and limited awareness about the benefits of agricultural sensors, particularly in developing countries.
The Global Agriculture Sensors Market is segmented by Product, Application, and Geography.
· Physical Sensors
· Mechanical Sensors
· Chemical Sensors
The physical sensor segment is anticipated to hold the largest market share, while the mechanical sensor segment is expected to witness the highest CAGR, driven by its increasing application in measuring soil properties.
· Yield Monitoring and Mapping
· Soil Monitoring
· Disease Control and Detection
· Irrigation and Water Management
The yield monitoring and mapping segment is projected to dominate the market, employing various sensor types for optimal planning and crop management.
· North America
· Europe
· Asia Pacific
· Rest of the World
North America holds the largest market share, driven by government support, infrastructure availability, and the adoption of smart farming practices.
Major players include Texas Instruments, Auroras s.r.l., Bosch, Avidor High Tech, Libelium, Sol Chip Ltd, Pycno Agriculture, CropX Inc, Trimble Inc, Sentera, LLC., and The Yield Pty Ltd. The competitive landscape section provides insight into key development strategies, market share, and rankings of these players globally.
Key Companies Profiled: Texas Instruments, Auroras s.r.l., Bosch, Avidor High Tech, Libelium, Sol Chip Ltd, Pycno Agriculture, CropX Inc, Trimble Inc, Sentera, LLC., The Yield Pty Ltd
Segments Covered: By Product, By Application, By Geography
Customization Scope: Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
The Agriculture Sensors Market achieved a valuation of USD 1.52 Billion in 2022, and projections indicate growth to USD 3.98 Billion by 2030.
The global market is projected to grow at a CAGR of 9.88% during the forecast period, 2023-2030.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65424
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