Press release
2025-2034 Agriculture Sensor Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Agriculture Sensor Market
What Will the Agriculture Sensor Industry Market Size Be by 2025?
Over the recent years, the size of the agriculture sensor market has witnessed a quick expansion. The market is projected to escalate from $2.06 billion in 2024 to $2.37 billion in 2025, achieving a compound annual growth rate (CAGR) of 15.2%. Factors like global population increment, governmental initiatives and subsidies, the adoption of precision agriculture, climate change plus environmental issues, and an increase in crop losses significantly contributed to the growth during the historical period.
What's the Long-Term Growth Forecast for the Agriculture Sensor Market Size Through 2029?
The market size for agricultural sensors is predicted to experience a swift expansion in the coming years, escalating to $4.18 billion in 2029 with a compound annual growth rate (CAGR) of 15.2%. This growth during the forecast period can be related to the emergence of new markets, a heightened demand for automation and agricultural products, the implementation of smart farming methodologies, as well as increased funding from both public and private sectors. Noteworthy trends to look out for in this forecast period comprise multi-parameter sensors, edge computing, artificial intelligence (AI) and machine learning, remote sensing, and IoT-enabled sensors.
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What Are the Key Growth Drivers Fueling the Agriculture Sensor Market Expansion?
The projected growth of the agricultural sensor market is attributed to the rising implementation of intelligent farming methods. These sensors are prevalently used in smart farming for diverse in-field tasks including weather predictions, leaf moisture measurement, trunk diameter measurement, pesticide and insecticide distribution, and more. The sensor's benefits, such as easy installation, cost-effectiveness, reduced pollution and global warming potential, and remote control ability, have induced a swift increase in the use of sensor-related technologies in farming applications. To illustrate, a study by the McKinsey Global Institute, an economic research branch of McKinsey, indicates that intelligent farming methods could generate up to $11 trillion in global economic benefits by 2025. Therefore, the accelerated uptake of smart farming methods within the farming community is anticipated to stimulate the progression of the agricultural sensor market in the forecasted timeframe.
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What Are the Key Trends Driving Agriculture Sensor Market Growth?
The rise of cutting-edge technologies is an influential trend gaining traction in the agriculture sensor market. The major players are concentrating their efforts on creating innovative items, incorporating these emerging technologies and cost-effective features, to cater to the increasing demand for smart farming solutions worldwide. For example, in July 2024, US-based sensor and precision agriculture control manufacturer, Veris Technologies, released the CoreScan automated soil sensor probe. This advanced automated soil probe offers unparalleled insight into soil profiles, aiding farmers in making educated and lucrative decisions. Equipped with state-of-the-art sensor technology, CoreScan produces high-resolution maps outlining soil compaction, nutrient and water storage, organic matter, carbon levels, among other factors. This revolutionary tool, by revealing previously hidden yield limitations, greatly modifies soil management practices.
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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