Global Agriculture Sensor Market Insights Forecasts to 2033

• The Global Agriculture Sensor Market Size was estimated at USD 2.08 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 11.9% from 2023 to 2033
• The Worldwide Agriculture Sensor Market Size is Expected to Reach USD 6.40 Billion by 2033
• Asia Pacific is expected to grow the fastest during the forecast period.

The global agriculture sensors market size was worth around USD 2.08 billion in 2023 and is predicted to grow to around USD 6.40 billion by 2033 with a compound annual growth rate (CAGR) of roughly 11.9% between 2023 and 2033. The adoption of agriculture sensors marks a shift from conventional practices to more efficient, data-centric methodologies. This evolution enhances operational sustainability by minimizing the excessive use of water, fertilizers, and pesticides, aligning with global sustainability goals.

Market Overview

The agriculture sensor market is the utilization of advanced sensors and related technologies in the agricultural sector to increase productivity, efficiency, and sustainability. Agriculture sensors are technology-equipped with electronic devices that collect complex data associated with various influential factors such as changes in weather, soil moisture, water levels, humidity, changes in plant conditions, and much more. It supports systems and software technology that analyze the gathered information to offer actionable intelligence and insights to users. The advent of new technologies, including Artificial Intelligence (AI), the Internet of Things (IoT), and machine learning, among others, have led to advanced agriculture technology solutions being available in the market. Product launches and collaborations among significant market players within the agriculture technology sector also led to an increased demand for agriculture sensors. Strong support from a variety of governments, entry by multiple technology and innovation industry players into this market, and easy availability of tools based on technology are expected to spur growth over the next couple of years.

Report Coverage

This research report categorizes the agriculture sensor market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the agriculture sensor market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the agriculture sensor market.

Driving Factors

The main factors that drive the growth of agriculture sensors are the extensive agro-based frameworks in developing nations, strengthened pressure on the global food supply due to growing populations, significant cost savings of agriculture sensor techniques, and the government's aim to adopt cutting-edge agricultural technology. The growing availability of information, strategies used by leading technology companies and participants in the agriculture industry to make people realize the importance of agriculture sensors, and ease of availability are also contributing to the growth experienced by this industry.

Restraining Factors

The widespread adoption of agricultural sensors is hindered by very high initial costs, largely limited technical expertise, and connectivity issues in rural areas, especially among small farmers. These errors in the data collected, lack of standardization, and security issues further complicate the integration into farming practices.  

Market Segmentation

The agriculture sensor market share is classified into type and application.

• The location sensor segment accounted for the largest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the type, the agriculture sensor market is divided 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 projected to grow at a substantial CAGR during the forecast period. This growth can be attributed to the many applications, including field mapping, improved resource use, crop monitoring in real-time, enhanced decision-making, and so on, in order to ensure sustainable farming. The location sensors actually map the correct field boundaries in order to provide accurately developed digital maps.

• The soil management segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the application, the agriculture sensor market is divided into dairy management, soil management, climate management, water management, and others. Among these, the soil management segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth in this segment can be attributed to the adoption of sustainable farming practices, with soil management playing a pivotal role in reducing chemical runoff and preserving ecosystem balance. Government incentives and regulations play a role in this trend, encouraging responsible land use. Precision agriculture will increase the need for soil management sensors to make informed decisions and effectively allocate resources.

Regional Segment Analysis of the Agriculture Sensor Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the agriculture sensor market over the predicted timeframe.

North America is anticipated to hold the largest share of the agriculture sensors market over the predicted timeframe. The growing consciousness of the impacts of climate change on agricultural productivity has increased interest in technology-driven solutions. Government incentives and grants to propel the adoption of sustainable farming practices also add to the cause. In addition, the well-developed infrastructure for agricultural research and innovation in North America augments such collaboration through partnerships among tech companies, research institutions, and farmers themselves.

Asia Pacific is expected to grow at the fastest CAGR in the agriculture sensor market during the forecast period. High population growth rates and an increasing demand for food require agricultural productivity enhancement, which therefore mandates the adoption of sensor technologies for precision agriculture. Scarce water resources in many Asian countries have made efficient irrigation a necessity, thus promoting the adoption of sensor-based water management solutions. Moreover, the tech-savvy nature of this region along with the robust digital infrastructure supports the embedding of IoT technologies in agriculture.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the agriculture sensor market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Acclima Inc.
• Climate LLC
• Libelium Comunicaciones Distribuidas S.L.
• METER
• auroras S.r.l.
• CropX inc.
• Deere & Company
• Pycno
• Sentera
• Soil Scout Oy
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In September 2024, CropX inc., one of the market players in agriculture technology, acquired technology application startup, EnGeniousAg. The startup delivered innovation-based nitrogen sensing technique to assist farmers in optimizing nitrogen fertilizer application while reducing the environmental impact.

Market Segment

• This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the 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
• Smart Green House
• Others

Global Agriculture Sensor Market, By Regional Analysis

• 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