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Agriculture Imaging Sensor Market Size, Business Growth Updates, Trends, Industry Report And Forecast To 2033
Agriculture Imaging Sensor Market Overview
As per the report, the agriculture imaging sensor market size has grown rapidly in recent years. It will grow from $1.09 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The agriculture imaging sensor market size is expected to see rapid growth in the next few years. It will grow to $2.11 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%.
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The Role Of Precision Agriculture In Driving Agriculture Imaging Sensor Market Growth
The increasing adoption of precision agriculture is expected to propel the growth of the agriculture imaging sensor market going forward. Precision agriculture refers to the application of cutting-edge technology and data analytics to agricultural production management to optimize crop yield through precise management. The adoption of precision agriculture is increasing due to several factors, including the growing demand for food and agricultural products caused by an increasing world population. Agricultural imaging sensors play a significant role in facilitating precision agriculture by furnishing farmers with immediate, comprehensive field data, empowering informed decision-making, and enhancing resource management efficiency. For instance, in August 2023, according to GeoPard Agriculture, a Germany-based developer of an agriculture analytics platform, the adoption of precision agriculture practices experienced gradual growth, starting at 25% in 2021 and subsequently rising to 27% in 2022. Therefore, the increasing adoption of precision agriculture is driving the growth of the agriculture imaging sensor market.
Innovative Solutions Transforming Precision Orchard Management
Major companies operating in the agriculture imaging sensor market are focusing on developing innovative solutions, such as tractor-mounted sensors, to gain a competitive edge in the market. A tractor-mounted sensor in agriculture imaging refers to a specialized device or piece of equipment that is attached to a tractor to collect various types of data and imagery related to agricultural fields and crops. For instance, in October 2023, Aurea Imaging, a Netherlands-based crop intelligence firm, launched TMS TreeScout to revolutionize precision orchard management by introducing the world's first fully integrated tractor-mounted sensor powered by AI and 3D computer vision technology. TMS TreeScout is a groundbreaking solution developed by Aurea Imaging for precision orchard management. This innovative system integrates AI and 3D computer vision technology to provide fruit growers with advanced capabilities such as tree scanning, blossom mapping, vigor scoring, and precision thinning.
The agriculture imaging sensor market covered in this report is segmented -
1) By Product: Red, Green, Blue Sensor , Hyperspectral Sensor , Multispectral Sensor , Other Products
2) By Application: Dairy Management, Soil Management, Climate Management, Water Management, Smart Green House, Other Applications
3) By End User: Agriculture Robot Manufacturer, Agriculture Drone Manufacturer, Livestock Monitoring Equipment Manufacturer, Other End Users
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Major companies operating in the agriculture imaging sensor market report are Topcon Corporation, BASF SE, Bayer AG, Deere & Company, Honeywell International Inc., Syngenta Group, Yara International ASA, CNH Industrial, Kubota Corporation, Corteva Agriscience, AGCO Corporation, Teledyne Technologies Incorporated, Trimble Inc., FLIR Systems Inc., Raven Industries, The Climate Corporation, Parrot SA, Ag Leader Technology, Taranis, Sentera Inc., Farmers Edge Inc., PrecisionHawk, MicaSense Inc., Agribotix LLC, Slantrange Inc.
Contents of the report:
1. Executive Summary
2. Agriculture Imaging Sensor Market Report Structure
3. Agriculture Imaging Sensor Market Trends And Strategies
4. Agriculture Imaging Sensor Market - Macro Economic Scenario
5. Agriculture Imaging Sensor Market Size And Growth
…..
27. Agriculture Imaging Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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