The agriculture sensor market is estimated to grow at a CAGR of 17.57% to reach a market size of US$2,390.745 million in 2024 from US$905.013 million in 2018. Sensing technology is used in smart agriculture to provide data to farmers that help monitor soil, weather, and crop condition. It enables farmers to maximize yield using minimal resources such as water, fertilizers and seeds. The global agriculture sensor market is expected to have a significant growth rate as farmers all over the world are adopting modern technologies to increase productivity. Manufacturers are focusing on the development of sensor technology for small farms which is expected to expand the market further. There has been increasing support from the government of major agriculture nations in developing the infrastructure which enables deployment of smart agriculture techniques. However, lack of awareness among farmers of developing nations regarding the use of sensors in the absence of educational or awareness programs is expected to limit the market growth.
By application, yield management is expected to have a significant market share as farmers are increasingly using it to maximize the yield. By geography, North America is expected to have a noticeable market share due to the availability of supporting infrastructure for precision agriculture. The Asia Pacific is expected to have a rapid growth rate due to rising investment in agriculture and government support.
Drivers
Increasing adoption of smart farming practices to increase productivity
Development of sensor technology for small farms
Government support
Restraints
Lack of awareness among farmers of developing nations about the use of sensors
Industry Update
In January 2019, Microsoft India began using AI sensors to help farmers increase crop yield.
Purdue University developed a handheld sensor that provides a more precise way to measure the health of crops in November 2018.
Segmentation
The agriculture sensor market has been analyzed through the following segments:
By Type
By Application
By Geography
North America
South America
Europe
Middle East and Africa
Asia Pacific
By application, yield management is expected to have a significant market share as farmers are increasingly using it to maximize the yield. By geography, North America is expected to have a noticeable market share due to the availability of supporting infrastructure for precision agriculture. The Asia Pacific is expected to have a rapid growth rate due to rising investment in agriculture and government support.
Drivers
Increasing adoption of smart farming practices to increase productivity
Development of sensor technology for small farms
Government support
Restraints
Lack of awareness among farmers of developing nations about the use of sensors
Industry Update
In January 2019, Microsoft India began using AI sensors to help farmers increase crop yield.
Purdue University developed a handheld sensor that provides a more precise way to measure the health of crops in November 2018.
Segmentation
The agriculture sensor market has been analyzed through the following segments:
By Type
- Location sensor
- Water sensor
- Soil sensor
- Airflow sensor
- Others
By Application
- Yield monitoring
- Irrigation management
- Others
By Geography
North America
- USA
- Canada
- Mexico
South America
- Brazil
- Argentina
- Others
Europe
- Germany
- France
- United Kingdom
- Spain
- Others
Middle East and Africa
- Saudi Arabia
- Israel
- Others
Asia Pacific
- China
- Japan
- South Korea
- India
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. AGRICULTURE SENSOR MARKET BY TYPE
6. AGRICULTURE SENSOR MARKET BY APPLICATION
7. AGRICULTURE SENSOR MARKET BY GEOGRAPHY
8. COMPETITIVE INTELLIGENCE
9. COMPANY PROFILES
Companies Mentioned
- SlantRange, Inc.
- AG Leader Technology Inc.
- Sol Chip Ltd.
- Pycno Industries, Inc.
- CropX, Inc.
- Trimble Inc.
- Sentera Inc.
- Auroras s.r.l
- The Yield Pty Ltd.
- Amber Agriculture
Methodology
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