According to the current analysis of Reports and Data, the Global Agricultural Sensors Market was valued at USD 1,505.4 Million in 2020 and expected to reach USD 3,200.8 Million by the year 2028 at a CAGR of 11.04%. The sensing technologies are used in precision agriculture, providing data that helps farmers monitor and optimize crops, as well as to adapt to changing environmental factors. This provides actionable data to be processed and implemented as a need be to maximize crop yield while minimizing environmental effects. Here are a few of the ways that precision farming takes advantage of this data yield monitoring, yield mapping, variable rate fertilizer, weed mapping, variable spraying, salinity mapping, guidance systems.
The key factors which drive the growth of the market include the growing use of agricultural sensors in precision agriculture, increasing partnerships among the agrochemical companies, and agricultural sensor providers. Significant factors are contributing to the progress of the smart agriculture industry, such as the increasing adoption of advanced technologies in various agriculture applications such as precision farming, smart greenhouse, fish farm monitoring, livestock monitoring. Changing weather patterns due to growing global warming has urged the adoption of advanced farming technologies to enhance farm productivity and crop yield. The primary factor which back force the industry growth is due to volatile commodity prices which confuse the farmers for the adoption of sensors in agriculture. The adoption of any new technology in agriculture is often dependent on agricultural commodity prices. With highly fluctuating commodity prices in recent times, farmers are often skeptical toward adopting advanced technologies, such as agricultural sensors, which usually have an initial and somewhat larger investment cost.
North America expected to be the fastest-growing market. In North America, the adoption of soil moisture sensors has rapidly increased, over the past five years, for the conservation of water and timely irrigation in farms. Soil moisture instruments used in the sports turf segment for more efficient monitoring and conversion of turfgrass. Studies indicate that the adoption of these devices helps farmers to minimize drought stress, as well as to reduce the maintenance and labor cost of protected cultivation by 20%, at least.
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Top Companies Operating in the Global Agricultural Sensors Market:
- Auroras,
- Agsmarts Inc.,
- Irrometer Company Inc.,
- Stevens Water Monitoring Systems Inc.,
- Delta-T Devices Ltd,
- Spectrum Technologies Inc.
- Others
Global Agricultural Sensors Market Segmentation:
Type (Revenue, USD Million; 2018–2028)
- Location Sensor
- Humidity Sensor
- Electrochemical Sensor
- Mechanical Sensor
- Airflow Sensor
- Optical Sensor
- Pressure Sensor
- Water Sensor
- Soil Sensor
- Livestock Sensor
Application (Revenue, USD Million; 2018–2028)
- Dairy Management
- Soil Management
- Climate Management
- Water Management
- Precision Farming
- Smart Green House
Key Regional Markets Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Key Takeaways of the Competitive Overview Section:
- Overview of the company profiles of each market player
- Industrial chain analysis of each player
- Revenue share contribution
- Sales network and distribution channels and net profits and losses of each company
- Key business growth strategies undertaken by these players
Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Global Pharma & Healthcare Market Segmentation
4.1. Global Pharma & Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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