Press release
Unlocking Opportunities in the Agriculture Sensor Market: 2025-2034 Forecast Report
Agriculture Sensor
What Will the Agriculture Sensor Industry Market Size Be by 2025?
Over the recent years, we've seen significant growth in the size of the agriculture sensor market. It is predicted to expand from $2.06 billion in 2024 to $2.41 billion in 2025, boasting a compound annual growth rate (CAGR) of 16.9%. The surge in this historical timeframe can be linked to major factors such as the growth in the global populace, initiatives and subsidies provided by the government, the adoption of precision agriculture, concerns regarding climate change and the environment, along with an increase in crop losses.
What's the Long-Term Growth Forecast for the Agriculture Sensor Market Size Through 2029?
In the coming years, the size of the agriculture sensor market is anticipated to expand swiftly, reaching a value of $4.33 billion in 2029 with a compound annual growth rate (CAGR) of 15.8%. The expected growth during this forecasted period can be ascribed to developing markets, rising requirements for automation and agricultural products, the acceptance of smart farming strategies, and increased funding from both public and private sectors. Multi-parameter sensors, edge computing, artificial intelligence (AI) and machine learning, remote sensing, and IoT-enabled sensors are the crucial trends projected for the aforementioned period.
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What Are the Key Growth Drivers Fueling the Agriculture Sensor Market Expansion?
The rise in the implementation of intelligent agricultural methods is set to drive the expansion of the agricultural sensor market in the forthcoming years. Agriculture sensors, used extensively in smart farming, aid in diverse in-field tasks such as anticipating weather changes, assessing leaf moisture and trunk breadth, disbursing pesticides and insecticides, among others. The sensor's benefits, including easy setup, cost-effective operation, the reduction of pollution and global warming, and remote control capability, have triggered a swift increase in the use of sensor-related technologies in agricultural applications. An example is the McKinsey Global Institute's research indicating that intelligent farming practices could generate an economic profit of up to $11 trillion worldwide by 2025. Therefore, the swift upsurge in the implementation of intelligent farming techniques by agricultural communities is expected to be a primary driver for the agricultural sensor market's growth in the projected timeframe.
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What Are the Key Trends Driving Agriculture Sensor Market Growth?
The rising prominence of cutting-edge tech is a significant trend gaining traction in the agriculture sensor market. Major players in this market are focusing their efforts on creating innovative offerings featuring novel technologies and cost-effective solutions to match the increasing global demand for intelligent farming tools and solutions. For instance, Veris Technologies, a US firm known for manufacturing sensors and controls for precision agriculture, rolled out their CoreScan automated soil sensor probe in July 2024. This groundbreaking soil sensor probe offers unparalleled insight into soil profiles, thus enabling farmers to make knowledgeable and lucrative decisions. Equipped with sophisticated sensor technology, CoreScan provides high-resolution maps showcasing soil compression, nutrient and water storage, organic content, carbon levels, and more. By revealing previously hidden yield limitations, this innovative tool revolutionizes soil management procedures.
How Is the Agriculture Sensor Market Segmented?
The 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
Subsegments:
1) By Humidity Sensor: Capacitive Humidity Sensors, Resistive Humidity Sensors, Thermal Conductivity Humidity Sensors
2) By Electrochemical Sensor: pH Sensors, Gas Sensors, Nutrient Sensors
3) By Mechanical Sensor: Force Sensors, Pressure Sensors, Load Cells
4) By Optical Sensor: Spectral Sensors, Color Sensors, Image Sensors
5) By Pressure Sensor: Absolute Pressure Sensors, Gauge Pressure Sensors, Differential Pressure Sensors
6) By Water Sensor: Water Level Sensors, Water Quality Sensors, Soil Moisture Sensors
7) By Soil Sensor: Soil Temperature Sensors, Soil Moisture Sensors, Soil Nutrient Sensors
8) By Location Sensor: GPS Sensors, RFID Sensors, Beacon Sensors
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Which Companies Are Leading the Charge in Agriculture Sensor Market Innovation?
Major companies operating in 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., 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.
Which Regions Are Leading the Global Agriculture Sensor Market in Revenue?
North America was the largest region in the agriculture sensor market in 2024. Asia-Pacific is 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.
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