This report describes the global market size of Agriculture Sensor Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 14.8% from 2023 to 2030.
Agriculture sensors are those that are employed in smart farming. They offer information that enables farmers to monitor and improve crops in light of changing environmental circumstances and difficulties. The weather stations, drones, and robots used in agriculture all have these sensors installed and fastened.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Agriculture Sensor Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 14.8% during the forecast period 2023-2030. North American market for Agriculture Sensor Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of % during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
Middle East and Africa
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Agriculture Sensor Market as well as some small players. The information for each competitor include:
Main Business Information
Sales Volume, Revenue, Price and Gross Margin
Soil Moisture Sensors
Time-domain Transmissometry (TDT) Sensors
Granular Matrix Sensors
With revenue of USD 183.59 million in 2020, the location sensor category had the highest revenue share of more than 15.2%. Latitude, longitude, and altitude of the needed field area are determined by location sensors using GPS satellite signals. Precision technologies are placed where they are most needed using the location information these sensors offer. To deploy precision agricultural technology in farming, several sensors are necessary.
By 2028, the soil moisture sensors are expected to expand at the fastest rate. Over the course of the forecast period, the agriculture sector is anticipated to adopt soil moisture sensors at a higher rate in order to increase farm productivity and decrease water use. Additionally, this product aids in preventing irrigation problems through continuous monitoring, which promotes market expansion. The market is also anticipated to be driven by the development of new technologies that let homeowners monitor the soil moisture conditions of potted plants, vegetable gardens, and lawns. On the flip side, the lack of awareness among farmers regarding the benefits offered by the sensors, lack of availability of skilled labor, and preference for traditional farming practices, especially in emerging economies, is hampering the overall growth of the market.
Smart Green House
In 2020, the soil management application category led the market, accounting for around 26% of total revenue. Additionally, the segment is expected to experience the second-highest CAGR of 13.5% between 2021 and 2028. Managing the soil is crucial for achieving the best plant development and output. Soil moisture sensors, continuous plant growth sensors, and microclimate tracking are being added to monitoring systems to improve them. Farmers can act right away because to the data that is transmitted from these sensors to their mobile devices. Additionally, the growing use of sensors in agricultural areas has assisted farmers in reducing water use and raising overall food production. In the upcoming years, it is anticipated that these advantages will fuel the industry.
As technology has advanced in recent years, sensor prices have decreased significantly. This closely resembles other tendencies, such as the Bureau of Labour Statistics' reports of declining computer, camera, and television prices. As a result, agriculture now uses more sensors and has access to massive amounts of mainly untapped data. Sensor technology advancements have two effects.
Middle East & Africa
With almost 42% of the overall revenue share in 2020, North America led the market. The dominance is mostly attributable to the agriculture segments' substantially stronger use of sensors. Numerous soil moisture sensor producers, including Sensaphone, Sentera, Texas Instruments Incorporated, and Monnit Corporation, are based in the United States. The market is anticipated to be driven by strict environmental restrictions, the growing use of precision farming techniques, and yield monitoring practises by big and small farm owners to increase field production.
Due to growing farmer knowledge of the use of soil moisture sensors, the Asia Pacific region is predicted to have the greatest CAGR throughout the projected period. Additionally, it is anticipated that the availability of sizable agricultural lands in nations like China and India will increase the use of soil moisture sensors.
Auroras Srl Cso Piera Cillario
CropIn Technology Solutions Private Limited
Glana Sensors AB
Libelium Comunicaciones Distribuidas S.L.
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Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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