The global Agriculture Sensor market size is expected to be worth around US$ 6.79 billion by 2030, according to a new report by Vision Research Reports.
The global Agriculture Sensor market size was valued at US$ 2.24 billion in 2020 and is anticipated to grow at a CAGR of 14.6% during forecast period 2021 to 2030.
|Largest Market||North America|
|auroras Srl Cso Piera Cillario; Caipos GmbH; CropIn Technology Solutions Private Limited; CropX inc.; dol-sensors A/S; Glana Sensors AB; Libelium Comunicaciones Distribuidas S.L.; Monnit Corporation; pycno agriculture; Sensaphone; Sensoterra; Sentera; Texas Instruments Incorporated|
The growth is driven by factors such as rising acceptance of the IoT and AI by growers and farmers, increasing focus on livestock disease detection and monitoring, growing demand for fresh produce, reducing arable land, population growth, government support for precision farming practices, and increasing implementation of aquaculture feed optimization devices in developing countries.
The emergence of advanced technologies such as guidance systems, variable rate technology, IoT, AI, and remote sensing has transformed agribusiness into a data-rich and technology-intensive industry. Smart agricultural technologies help increase profitability, protect the environment, improve sustainability, and minimize the consumption of resources such as fertilizers, water, and energy. IoT is implemented in precision aquaculture, precision agriculture, livestock monitoring, and smart greenhouse applications.
By Type Analysis
The location sensor segment accounted for the largest revenue share of more than 13.0%, contributing revenue of USD 183.59 million in 2020. Location sensors use GPS satellite signals for determining topographic attributes, including latitude, longitude, and altitude of the required field area.
Soil moisture sensors are anticipated to register the highest growth by 2028. Increasing the adoption of soil moisture sensors by the agriculture sector to improve the farm’s productivity and reduce water consumption is expected to drive market growth over the forecast period.
Capacitance sensors, probes, and time-domain transmissometer (TDT) sensors are different volumetric sensors available in the market. Capacitive sensors measure the moisture level in the soil through capacitive sensing rather than resistive sensing.
By Application Analysis
The soil management application segment dominated the market with a revenue share of approximately 24% in 2020. Moreover, the segment is also anticipated to register the second-highest CAGR of 14.1% from 2021 to 2028. Soil management is of utmost importance for optimum plant growth and yield.
The data gathered through these sensors is transferred to mobile devices, enabling farmers to take immediate action. Moreover, the increasing use of sensors in agricultural lands has helped farmers reduce water consumption and increase overall food production.
Sensor prices have dropped significantly in the course of technological advancement in recent years. This closely follows other trends, such as falling prices for computers, cameras, and televisions, as reported by the Bureau of Labor Statistics.
By Regional Analysis
North America dominated the market in 2020, accounting for approximately 46% of the total revenue share. The dominance can be credited mainly to the relatively greater adoption of sensors across the agriculture segments.
Asia Pacific region is estimated to register the highest CAGR during the forecast period owing to increasing awareness regarding the usage of soil moisture sensors among farmers.
The Agriculture Sensor market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Agriculture Sensor market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Agriculture Sensor market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Agriculture Sensor market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Agriculture Sensor market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Agriculture Sensor capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Agriculture Sensor by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Agriculture Sensor market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Agriculture Sensor market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Agriculture Sensor market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Agriculture Sensor industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Agriculture Sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Agriculture Sensor market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Agriculture Sensor market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Agriculture Sensor market. These factors have benefited the growth of the global market for Agriculture Sensor. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Agriculture Sensor. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Agriculture Sensor are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: