Global Agriculture Sensor Market Size To Exceed USD 6.40 Billion by 2033 | CAGR of 11.9%
Category: Semiconductors & ElectronicsGlobal Agriculture Sensor Market Size To Exceed USD 6.40 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Agriculture Sensor Market Size Expected to Grow from USD 2.08 Billion in 2023 to USD 6.40 Billion by 2033, at a CAGR of 11.9% during the forecast period 2023-2033.
Get more details on this report -
Browse 211 market data Tables and 45 Figures spread through 250 Pages and in-depth TOC on the "Global Agriculture Sensor Market Size, Share, and COVID-19 Impact Analysis, By Type (Location Sensor, Humidity Sensor, Electrochemical Sensors, Mechanical Sensors, Airflow Sensors, Pressure Sensors, Optical Sensors, Water Sensors, Soil Moisture Sensors, and Livestock Sensors), By Application (Dairy Management, Soil Management, Climate Management, Water Management, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/agriculture-sensor-market
The global agriculture sensor market refers to the industry that produces sensors used in farming and agriculture to monitor various environmental and soil conditions. These sensors provide real-time data to help farmers make informed decisions about crop management, irrigation, and fertilization, ultimately improving crop yields, resource efficiency, and sustainability in farming practices. The growth can be attributed to the increasing adoption of smart farming practices, rising demand for agricultural products, and technological advancements such as AI and IoT. These sensors help optimize resource use, improve crop yields, and reduce environmental impact. Opportunities in this market include the growing emphasis on sustainable agriculture, the expansion of precision farming techniques, and the integration of advanced technologies like remote sensing and data analytics. Government initiatives, such as subsidies and policies promoting food security and technological adoption, further support the growth of this market. These efforts aim to enhance agricultural productivity and ensure a stable food supply. Furthermore, factors such as the lack of a skilled workforce and the absence of standards and protocols are limiting the market growth.
The location sensor segment accounted for the largest share in 2023 and is expected to grow at a substantial CAGR during the forecast period.
On the basis of type, the global agriculture sensor market is classified into location sensor, humidity sensor, electrochemical sensors, mechanical sensors, airflow sensors, pressure sensors, optical sensors, water sensors, soil moisture sensors, and livestock sensors. Among these, the location sensor segment accounted for the largest share in 2023 and is expected to grow at a substantial CAGR during the forecast period. The segment growth can be attributed to the growing awareness of environmental sustainability has prompted farmers to adopt technology-driven solutions, including location sensors, to minimize waste and enhance yield. The expansion of IoT (Internet of Things) applications in agriculture further accentuates the significance of location sensors, enabling remote monitoring and data-driven decision-making.
The soil management segment held the highest share in 2023 and is expected to grow at a remarkable CAGR over the forecast period.
On the basis of application, the global agriculture sensor market is classified into dairy management, soil management, climate management, water management, and others. Among these, the soil management segment held the highest share in 2023 and is expected to grow at a remarkable CAGR over the forecast period. The growth in the segment can be attributed to the integration of soil management sensors becomes essential for data-driven decision-making and efficient resource allocation. This confluence of factors positions soil management applications as a cornerstone of modern agriculture, aligning environmental stewardship with increased productivity.
North America is anticipated to hold the largest share of the global agriculture sensor market during the forecast period.
Get more details on this report -
North America is anticipated to hold the largest share of the global agriculture sensor market during the forecast period. The main factors driving the growth of this market are the rise in adoption of technology assistance among farmers in this region, a large number of landowners operating in agriculture, and in this region multiple agriculture technology product manufacturers are also present. Strong growth in the adoption of advanced farming practices including precision farming, irrigation automation, and others, is expected to create attractive revenue opportunities for this market in the next few years.
Asia Pacific is expected to grow at the fastest CAGR in the global agriculture sensor market during the forecast period. Agriculture is one of the biggest industries in countries like China, India, Australia, and so on. Government agencies and organizations have been encouraging farmers to adopt high-tech technology-based solutions.
Major vendors in the global agriculture sensor market are Acclima Inc., auroras S.r.l., Climate LLC, CropX inc., Deere & Company, Libelium Comunicaciones Distribuidas S.L., METER, Pycno, Sentera, Soil Scout Oy, SOLCHIP, Texas Instruments Incorporated, Trimble Inc., Yara, Zenvus, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In January 2024, Ethos Connected, a company with a portfolio of environmental and agriculture technology solutions, unveiled its sensor production facility in Lincoln, Nebraska. The strategically located facility is anticipated to assist local farmers and the agriculture ecosystem in the state of Nebraska in continuing to play their crucial role through water conservation, technology advancements, and more.
Market Segment
- This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global agriculture sensor market based on the below-mentioned segments:
Global Agriculture Sensor Market, By Type
- Location Sensor
- Humidity Sensor
- Electrochemical Sensors
- Mechanical Sensors
- Airflow Sensors
- Pressure Sensors
- Optical Sensors
- Water Sensors
- Soil Moisture Sensors
- Livestock Sensors
Global Agriculture Sensor Market, By Application
- Dairy Management
- Soil Management
- Climate Management
- Water Management
- Others
Global Agriculture Sensor Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?