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
