Global Agriculture Sensor market data 2024, Forecast To 2033
23 Jan, 2024
The agriculture sensor market has seen rapid growth, increasing from $1.78 billion in 2023 to $2.09 billion in 2024 at a CAGR of 17.7%. Historical growth is attributed to global population growth, government initiatives and subsidies, the adoption of precision agriculture, climate change, and environmental concerns, along with a rise in crop losses. The market is expected to experience rapid growth in the next few years, reaching $3.84 billion in 2028, with a CAGR of 16.4%, driven by emerging markets, increasing demand for automation, rising demand for agricultural products, adoption of smart farming techniques, and increased public and private sector funding. Major trends in the forecast period include multi-parameter sensors, edge computing, artificial intelligence (AI) and machine learning, remote sensing, and IoT-enabled sensors.
Global Agriculture Sensor Market Key Driver
The agriculture sensor market experiences growth driven by the increasing adoption of smart farming practices. Smart farming practices are projected to generate up to $11 trillion in economic benefits by 2025. The advantages of sensors in enhancing on-field activities contribute to the market's expansion during the forecast period.
Get A Free Sample Of The Global Agriculture Sensor Market ReportGlobal Agriculture Sensor Market Segments
The global agriculture sensor market covered in this report is segmented –
1) By Sensor Type: Humidity Sensor, Electrochemical Sensor, Mechanical Sensor, Optical Sensor, Pressure Sensor, Water Sensor, Soil Sensor, Location Sensor
2) By Application: Soil Monitoring, Yield Mapping and Monitoring, Disease Detection and Control, Weed Mapping, Other Applications
By Geography: The regions covered in the Agriculture Sensor market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the agriculture sensor market in 2023. Asia-Pacificis expected to be the fastest-growing region in the agriculture sensor market share during the forecast period. The regions covered in the agriculture sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Agriculture Sensor Industry Players
Libelium Comunicaciones Distribuidas S.L., Auroras, Acuity Agriculture, Pycno, AgSmarts Inc., edyn Limited, Acclima Inc., CAIPOS GmbH, Vegetronix Inc., Sentek Pty Ltd., AquaSpy Inc., CropX, Ag Leader Technology, Sol Chip Ltd., Sentera LLC, dol-sensors A/S, Glana Sensors AB, Monnit Corporation, Sensoterra, Phytech Ltd., Stellapps Technologies Pvt. Ltd., Mastiline Electronics, CanopyBoulder, Motorleaf Inc., Spensa Technologies Inc., FieldIn, Saturas Ltd., Farmobile LLC, Grassometer, Farmers Edge Inc., Advanced Animal Diagnostics Inc., Granular Inc., Trace Genomics, Arable Labs Inc., CropMetrics LLC, AgriData Inc.
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Agriculture Sensor Market Overview
The agriculture sensor are used in smart farming to assist farmers in optimizing and monitoring crops. Agricultural sensors help farmers respond to the dynamically changing conditions of the environment. Rising global temperatures, leading to change in an environment unsuitable for crops, can already be predicted with the help of agriculture sensors. The wide range of benefits from precision agriculture includes weather forecasts, real-time farm tracking, and optimum field requirements.
Agriculture Sensor Global Market Report 2023 provides data on the global agriculture sensor market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The agriculture sensor market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.