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Agriculture Sensor Market Report 2023-2032: Production Analysis, Future Outlook, Competitor Assessment And Forecast To 2032 | Major Players Are Libelium Comunicaciones Distribuidas Sl, Auroras, Acquity Agriculture, Pycno, Agsmarts Inc
Agriculture Sensor Market
The Business Research Company's Agriculture Sensor Global Market Report 2023 identifies The increasing adoption of smart farming practices as the major driver for the Agriculture Sensor Market's growth in the forecast period. Agriculture sensors are widely utilized in smart farming practices for various on-field activities such as weather forecasts, measuring leaf wetness and trunk diameter, spreading pesticides as well as insecticides, and others. The advantages of the sensor over existing technologies, such as easy installation, cheaper use, minimizes pollution and global warming, and remotely controllable, have led to a rapid surge in the utilization of technologies related to sensors in agricultural applications.
The global agriculture sensor market size grew from $1.49 billion in 2022 to $1.75 billion in 2023 at a compound annual growth rate (CAGR) of 17.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The agriculture sensor market size is expected to grow to $3.38 billion in 2027 at a CAGR of 17.9%.
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Major competitors in the Agriculture Sensor Market are Libelium Comunicaciones Distribuidas Sl, Auroras, Acquity Agriculture, Pycno, Agsmarts Inc., Edyn, Acclima Inc., Caipos Gmbh, Vegetronix Inc., Sentek Ltd., Aquaspy Inc., CropX, AG Leader, Sol Chip Ltd., Sentera, LLC., Caipos Gmbh, dol-sensors A/S, Glana Sensors AB, Monnit Corporation, and Sensoterra.
A key trend in the Agriculture Sensor Market includes emergence of advanced technologies. The key players in the agriculture sensors market are focusing on developing innovative products with emerging technologies and low-cost features to meet the growing demand for smart farming technologies and solutions across the globe. For instance, in March 2021, Monnit Corporation, a USA-based manufacturer of remote monitoring and wireless sensors, launched the ALTA Soil Moisture Sensor, which alerts operators on mobile devices and computers on the location of crops or commercial landscaping to be watered. The two-in-one sensor soil moisture sensor measures both soil water tension and temperature and alerts the operator.
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The Agriculture Sensor Market is segmented -
By Sensor Type: Humidity Sensor, Electrochemical Sensor, Mechanical Sensor, Optical Sensor, Pressure Sensor, Water Sensor, Soil Sensor, Location Sensor
By Application: Soil Monitoring, Yield Mapping and Monitoring, Disease Detection and Control, Weed Mapping, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Agriculture Sensor Market.
The Business Research Company's "Global Agriculture Sensor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Agriculture Sensor Market Include:
1. Executive Summary
2. Agriculture Sensor Market Characteristics
3. Agriculture Sensor Market Trends And Strategies
4. Agriculture Sensor Market - Macro Economic Scenario
5. Agriculture Sensor Market Size And Growth
……
26. Africa Agriculture Sensor Market
27. Agriculture Sensor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agriculture Sensor Market
29. Agriculture Sensor Market Future Outlook and Potential Analysis
30. Appendix
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