SAN FRANCISCO, Jan. 11, 2022 /PRNewswire/ — The world agriculture sensor market measurement is estimated to succeed in USD 3.79 billion by 2028, in line with the brand new report by Grand View Research, Inc. The market is projected to register a CAGR of 13.6% from 2021 to 2028. The development is pushed by components corresponding to rising acceptance of the IoT and AI by growers and farmers, rising deal with livestock illness detection and monitoring, rising demand for contemporary produce, decreasing arable land, inhabitants development, authorities assist for precision farming practices, and rising implementation of aquaculture feed optimization gadgets in creating international locations.
Key Insights & Findings from the report:
- Asia Pacific area is estimated to register the very best CAGR through the forecast interval owing to rising consciousness relating to the utilization of soil moisture sensors amongst farmers
- The market witnessed a small dip in 2020 because of the COVID-19 pandemic, as motion restrictions and lockdowns have led to provide chain disruptions and an absence of apparatus
- Agriculture sensor expertise eliminates guide human effort by automating essential processes, together with real-time farm monitoring and data sharing
- The location sensor phase accounted for the biggest income share in 2020
- Sensor costs have dropped considerably in the midst of technological development in recent times
Read 150 web page market analysis report, “Agriculture Sensor Market Size, Share & Trends Analysis Report By Type, By Application (Dairy Management, Soil Management, Climate Management, Water Management, Smart Green House), By Region, And Segment Forecasts, 2021 – 2028“, by Grand View Research
The emergence of superior applied sciences corresponding to steerage methods, variable charge expertise, IoT, AI, and distant sensing has reworked agribusiness right into a data-rich and technology-intensive business. Smart agricultural applied sciences assist improve profitability, defend the atmosphere, enhance sustainability, and reduce the consumption of sources corresponding to fertilizers, water, and vitality. IoT is applied in precision aquaculture, precision agriculture, livestock monitoring, and sensible greenhouse functions.
Various components driving the expansion of the market embrace rising use of superior monitoring options in agriculture, adoption of sensible farming practices, and rising want to extend agricultural productiveness. Agriculture sensors assist acquire knowledge to assist farmers monitor and optimize crops and detect adjustments in environmental circumstances. Manufacturers are specializing in creating sensor options that can be utilized on small farms. In addition, authorities assist in main agricultural nations encourages the introduction of precision farming practices, which can assist develop the agriculture sensor market. The rising use of sensors in farm autos, machines, and farm administration methods additionally stimulates the expansion of the market. Moreover, the rising collaborations between varied agrochemical corporations create new alternatives for the market. However, agriculture sensors require vital investments within the early stage, which is anticipated to inhibit the expansion of the market.
The world marketplace for agriculture sensors is classed into North America, Asia Pacific, Europe, and the Rest of the World. North America is anticipated to have a dominant share of the market. The rising adoption of sensible and superior farming strategies within the U.S. contributes to the expansion of the North America market. The Asia Pacific area is anticipated to register the quickest CAGR through the forecast interval. The rising consciousness about precision farming practices within the Asia Pacific area is driving the regional market development. China and India have the very best development in agriculture sensors because of the presence of largely agricultural land.
COVID-19 has disrupted the provision chain available in the market, and firms are exploring new methods to work together with farmers and growers via expertise. Companies have began to deal with wi-fi platforms to make real-time crop monitoring choices, crop well being monitoring, subject mapping, irrigation planning, and crop administration.
Market Segmentation:
Grand View Research has segmented the worldwide agriculture sensor market based mostly on sort, software, and area:
- Agriculture Sensor Type Outlook (Revenue, USD Million, 2017 – 2028)
- Location Sensors
- Humidity Sensors
- Electrochemical Sensors
- Mechanical Sensors
- Airflow Sensors
- Pressure Sensors
- Optical Sensors
- Water Sensors
- Soil Moisture Sensors
- Capacitance Sensors
- Probes
- Time-domain Transmissometry (TDT) Sensors
- Gypsum Blocks
- Tensiometers
- Granular Matrix Sensors
- Livestock Sensors
- Agriculture Sensor Application Outlook (Revenue, USD Million, 2017 – 2028)
- Dairy Management
- Soil Management
- Climate Management
- Water Management
- Smart Green House
- Others
- Agriculture Sensor Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- China
- Japan
- Australia
- India
- South America
- Middle East and Africa (MEA)
List of Key Players of the Agriculture Sensor Market
- 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
Check out extra research associated sensors, revealed by Grand View Research:
- Gas Sensor Market – The world gasoline sensor market measurement was valued at USD 2.33 billion in 2020. It is anticipated to increase a compound annual development charge (CAGR) of 8.7% from 2021 to 2028. The rising want to watch air high quality in enclosed areas, corresponding to places of work, properties, school rooms, and different indoor areas, is anticipated to drive the expansion of the market.
- Collision Avoidance Sensors Market – The world collision avoidance sensors market measurement was valued at USD 4.39 billion in 2017 and is anticipated to exhibit a CAGR of 21.2% from 2018 to 2025. Due to rising developments within the fields of digital camera, LiDAR, radar, and ultrasound applied sciences, the market has witnessed fast development over the previous few years.
- Wearable Sensors Market – The world wearable sensors market measurement was valued at USD 149.3 million in 2016. Sensors are an important side in wearable gadgets utilized by shoppers owing to an elevated deal with monitoring real-time movement sensing actions. This is more likely to propel business development.
Browse via Grand View Research’s protection of the Global Sensors & Controls Industry.
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About Grand View Research
Grand View Research, U.S.-based market analysis and consulting firm, supplies syndicated in addition to custom-made analysis reviews and consulting providers. Registered in California and headquartered in San Francisco, the corporate contains over 425 analysts and consultants, including greater than 1200 market analysis reviews to its huge database every year. These reviews supply in-depth evaluation on 46 industries throughout 25 main international locations worldwide. With the assistance of an interactive market intelligence platform, Grand View Research helps Fortune 500 corporations and famend educational institutes perceive the worldwide and regional enterprise atmosphere and gauge the alternatives that lie forward.
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