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Agricultural Wastewater Treatment Market Growth Driven by Environmental Regulations and Technological Innovations
Agricultural Wastewater Treatment Market Growth
Poised to reach $2.41 billion in 2025, the Agriculture Sensor Market Soars as Smart Farming Practices Rise
What Is The Projected Market Size Of The Global Agriculture Sensor Market And Its Growth Rate?
The Agriculture Sensor market presents a promising growth scenario, underpinned by various factors. Key market statistics include:
• The market size has grown rapidly, expanding from $2.06 billion in 2024 to an estimated $2.41 billion in 2025.
• This corresponds to a compound annual growth rate (CAGR) of 16.9%, driven by global population growth, climate change concerns, and precision agriculture adoption.
• Looking ahead, the market size is pegged to reach $4.33 billion in 2029, growing at a CAGR of 15.8%, with growth in the forecast period attributed to emerging markets, automation demands, and the uptake of smart farming techniques.
What Is Driving The Growth In The Agriculture Sensor Market?
The rise in smart farming practices is the primary driver accelerating the agriculture sensor market growth. These sensors find widespread use in various on-field activities like weather forecasts, measuring tree diameter, pesticide spreading, etc. The easy installation, cheaper use, pollution minimization, and remote controllability of these sensors have resulted in their expanding adoption. McKinsey Global Institute's study projects that smart farming practices could generate up to $11 trillion in global economic benefits by 2025.
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Who Are the Key Players Driving Agriculture Sensor Market Growth?
Key companies bolstering the growth trajectory of the agriculture sensor market include:
• Libelium Comunicaciones Distribuidas S.L.
• Auroras
• Acuity Agriculture
• Pycno, AgSmarts Inc.
• Edyn Limited
• Acclima Inc.
• CAIPOS GmbH
• Vegetronix Inc.
• Sentek Pty Ltd.
What Are The Key Trends In The Agriculture Sensor Market?
The following are key trends marking the agriculture sensor market:
• Multi-parameter Sensors
• Edge Computing
• Artificial Intelligence and Machine Learning Adoption
• Remote Sensing
• Iot-Enabled Sensors
What Are The Segments Of The Global Agriculture Sensor Market?
• 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
Which Region Leads The Agriculture Sensor Market?
North America held the lion's share in the agriculture sensor market in 2024, while Asia-Pacific is forecasted to be the fastest-growing region. Market report covers regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Agriculture Sensor Market Global Market Report?
The agriculture sensor market report offers comprehensive insights into the market's current landscape and future prospects. It analyzes the market size, identifies the various subsegments, and focuses on key players, among other things. The report also examines individual growth trends, evaluates each segment's contribution to market growth, details key growth influencers, and analyzes risks and challenges.
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