IoT-Compatible Sensors for Agriculture Market size is expected to grow till 2027

The global IoT-compatible sensors for agriculture market size is expected to grow at a CAGR of 31.27% during the forecast period (2021-2027). Compared to other methods, precision farming techniques are anticipated to be influential in increasing the pace of agricultural processes. Precision farming provides farmers with increasing yields, productivity, and profitability in production, healthier working conditions, enhanced health of animals, and the ability to strengthen different forms of sustainability. Further, the increasing number of start-ups in the Agri-Tech industry would increase the overall production. This aspect will augment the global IoT-compatible sensors for the agriculture market over the forecast period.

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IoT-Compatible Sensor Market Dynamics
The key factors driving the global IoT-Compatible Sensors market are increasing awareness and acceptance of IoT by farmers and increasing performance.
The implementation of new technology in agricultural applications, such as improved tracking of livestock and disease identification, is also fueling the development of the market.
Governments around the globe are encouraging the use of modern agricultural methods by farmers and providing incentives to enhance farming.
The use of IoT Sensors and devices for tracking, monitoring, and managing has resulted in high productivity of crops and improved profitability.
The emergence of Big-Data analytics in agricultural farming and the launch of mobile apps specific to agriculture are generating new opportunities in the global market. Furthermore, developments in IoT, Big Data, Cloud Computing, and Artificial Intelligence have had a positive impact on the market's growth.
Limited Technological Knowledge and Skills of Farmers Hampers the Market Growth
The global IoT-Compatible Sensors market is limited by heavy capital investment and high technology costs.
Farmers limited technical knowledge and skills are hindering the market growth.
The lack of data privacy and protection combined with the shortage of internet connectivity and infrastructure in the Agriculture industry is hampering the development of the global market.
The unavailability of simple and consistent data collection and management and processing solutions poses many challenges to the global IoT-compatible sensors for the agriculture market.
Impact of COVID-19 on IoT-Compatible Sensors for Agriculture Market:
As most of the manufacturing activities are temporarily halted, the current COVID-19 outbreak has definitely impacted the industrial sector, contributing to a significant decline in production. Farmers and major farm owners are currently focussing on their core activities and have sidetracked the mechanization or digitization process of farming. The increasing strain of high production, limited resources, and lack of skilled and qualified labor would motivate farmers to accept IoT for agriculture. Moreover, government subsidies, decreasing IoT hardware costs, and steady growth in the refinement of IoT technology are projected to encourage and enable more farmers to adopt and implement IoT agriculture in the COVID-19 recovery phase.

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Scope of the Report
The report outlines the global IoT-compatible sensors for the agriculture market based on offering, agriculture type, and its application.

Based on the offering, the IoT-compatible sensors for agriculture market has been segmented into -
Hardware
Software
Services
Based on the agriculture type, the IoT-compatible sensors for agriculture market has been segmented into-
Precision Farming
Precision Forestry
Livestock Monitoring
Fish Farm Monitoring
Smart Greenhouse
Horticulture and orchids
Based on its application, the IoT-compatible sensors for agriculture market has been segmented into-
Yield Monitoring systems
Yield Mapping
Variable Rate Fertilizer
Weed Mapping
Variable Spraying controllers
Topography and Boundaries
Salinity Mapping
Guidance Systems
IoT-Compatible Sensors for Agriculture Market: Regional Outlook

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The global IoT-compatible sensors in agriculture market are segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe, and the Middle East and Africa (MEA). In 2020, the largest market share of the global IoT-compatible sensors in agriculture had been held by North America, followed by Europe and the Asia Pacific. The development in this region is driven by increased Smartphone adoption and growing demand for better and enhanced food quality. Moreover, the introduction of IoT Sensors has been publicly adopted in the Asia Pacific region, and rapid demographic growth and rising economic development make the region the fastest-growing market globally.

Key Global IoT-Compatible Sensors for Agriculture Market Competitors Includes -
The global IoT-compatible sensors for the agriculture market are highly fragmented, with the presence of a large number of small players across the globe. The key players operating in the market include -

Deere and Company
Trimble Incorporated
Raven Industries Incorporated
AGCO Corporation
AgJunction Incorporated
DeLaval Corporate
GEA Farm Technology Incorporated
Antelliq Corporation
AG Leader Technology Incorporated
Ponsse OYJ
Komatsu Limited
Topcon Positioning Systems Incorporated
DICKEY-john Corporation
Farmer's Edge Incorporated
CropMetrics LLC.
The IoT-compatible sensors for agriculture market report provide a thorough analysis of macro-economic factors and the market attractiveness of every segment. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players in the respective segment and region/country. The information concluded in the report includes the inputs.

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IoT-Compatible Sensors for Agriculture Market Report Covers Comprehensive Analysis On:
Market Segmentation & Regional Analysis
Market Size of 10 years
Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value Chain Analysis
Developed & Emerging Economies Analysis
PEST Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks, & Trends
Conclusion & Recommendation
Regulatory Landscape
Patent Analysis
Competition Landscape
15+ Company Profiles
IoT-Compatible Sensors for Agriculture Market Regional Analysis Includes:
North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA
IoT-Compatible Sensors for Agriculture Market: Target Audience
IoT-compatible sensors for agriculture manufacturers
IoT-compatible sensors manufacturers
IoT sensors manufacturers, distributors, and suppliers
Sensors manufacturers, distributors, and suppliers
Trade publications and magazines
Government authorities, associations, and organizations

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