Agriculture Sensors Market

Agriculture Sensors Market is segmented By Sensor type (Electrochemical sensors, Optical sensors, Location sensors, Ground sensors, Airflow sensors, Others), By Application (Soil Monitoring, Yield mapping and monitoring, Disease detection and control, Weed mapping, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Agriculture sensors market is estimated to reach at a high CAGR during the forecast period 2022-2029.

Agriculture Sensors Market - Strategic Insights

Metrics	Details
Market CAGR	High
Segments Covered	By Sensor type, By Application, and By Region
Report Insights Covered	Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region	Asia Pacific
Largest Market Share	North America

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Agriculture sensors are electronic components that are used in the enhancement of crop growth. Agriculture sensors include electrochemical sensors, optical sensors, ground sensors, air flow sensors and temperature sensors, which constitute the major part of smart farming culture. These sensors have proved to be helpful to farmers in ways which help them in testing the soil quality, maintaining the climatic conditions for the crop growth and detection of possible disease. Moreover, agriculture sensors are also capable of suggesting suitable control methods. With the growth in acceptance of smart farming culture, the demand for the agriculture sensors market is expected to grow significantly.

Agriculture Sensors Market Dynamics

Growing smart farming culture is driving the market

The increasing demand for farm produce coupled with increasing population and declining arable land are forcing the farmer communities to increase crop yield. Precision farming or smart farming is considered as an effective way of increasing productivity with minimal inputs and is widely gaining prominence among farming communities. Sensors are used extensively in precision farming to gather information pertaining to soil nutrients, moisture level, crop growth rate and several other parameters. Sensors are used in farm management with the aid of technologies such as IoT, AI and robotics. With growing popularity of this farming practice, the demand for agriculture sensors is expected to increase, particularly in countries such as the U.S., Japan, China and India. According to Food and Agriculture organization (FAO), the global production of food has to be increased by 70% to feed the population growth of 2.3 billion people by 2050. In this regard, The World Government Summit announced Agriculture 4.0 in 2018, to help farmers get acquainted with smart farming culture. The support extended by government towards smart agricultural practices is shaping the world into smarter tech driven society with the help of sensors

The high cost of sensors and data driven technologies in farming is the key restraint for the market growth. Also, the lack of knowledge and skilled labors for handling farm sensors is hindering the adoption rate in developing economies.

Agriculture Sensors Market Segmentation

Electrochemical sensors are getting popular due to their precise evaluation of soil quality

Electrochemical sensors evolved as the largest sensor type in the global agriculture sensors market by dollar sales in 2019 owing to extensive use in soil monitoring applications. The effective soil quality evaluation capability in measuring the levels of macro and micronutrients, organic matter, pH level, moisture, pesticides and pathogens led to the rapid growth of electrochemical sensors in farming precision farming. These sensors improve the quantification of nitrogen, phosphorus and potassium macronutrients inputs in agricultural soil and helps the farmer, achieve a high-quality plant growth and crop yields

Agriculture Sensors Market Geographical Penetration:

Asia-Pacific dominates the market due to presence of advanced agricultural systems in Japan and China.

Asia-Pacific is the largest shareholder of the global agriculture sensors market with countries like Japan and China having the most advanced agriculture systems in the world. Shortage of agricultural labour, high rate of farm mechanization and need for high quality and quantity of farm produce led to the adoption of sensors in Japan. Japanese agriculture technology makes use of advanced sensors which are helpful in both plantation and harvesting process. While China is bringing advancement in the conventional farming system with the help of government subsidies, this is helping farmers to acquire drones for automating water and spraying pesticides, thus propelling the market growth.

North America was one of the largest regional markets for agriculture sensors. Strong government support to increase agricultural production, availability of infrastructure support, and acceptance of smart and precession farming methods increased the deployment of advanced farming solutions. In North America, the adoption of soil moisture sensors has rapidly increased. Soil moisture instruments used in the sports turf segment for more efficient monitoring and conversion of turfgrass. Studies indicate that the adoption of sensor helps farmers to minimize drought stress, reduces maintenance and labor cost of protected cultivation by 20%, at least. The U.S. is the early adopter of precision farming technologies, which is the primary factor responsible for the region’s most significant share in the global market. A considerable acceptance of modern agriculture methods by Canada is contributing to industry growth.

Agriculture Sensors Market Competitive Landscape:

Wide range of agriculture sensors manufacturers made the market competitive

The global agriculture sensors market is fragmented, with various small and medium-sized companies and a few big players, resulting in stiff competition in the market. In order to capitalize on emerging trends on smart farming, key companies such as Edyn, Accima Inc., CropX, Pycno and Acquity Agriculture have come up with variety of sensing system ideas which will help farmers get more perspective about their crop growth. Several recognized sensor manufacturers are introducing customized solutions according to different size, nature, and requirement of farms. In addition, several partnerships are observed n the industry to introduce advanced solutions for different agriculture applications. Recently, Robert Bosch Venture Capital and Flex Lab IX invested in CropX.

COVID-19 Impact:

Pandemic had a positive impact on global agriculture sensors market

The outbreak of covid-19 pandemic had a positive impact on agriculture sensors. As the pandemic impacted the supply chain and logistics, coupled with labor shortage, the use of technology has increased to cope up with the shortage. Agricultural drone sales took a hike in China, owing to labour shortages and in order to reduce human interaction during the pandemic times. Moreover, help extended by the Chinese government towards improving the situation of farming through Green Channel initiative, led to added benefits to the sales of agriculture sensors.

FAQ

What is the Agriculture Sensors Market growth?

The market is growing at a high CAGR

What is Agriculture Sensors Market size in 2021

The Agriculture Sensors Market size was valued at USD YY million in 2021.

Who are the key players in Agriculture Sensors Market?

Edyn, Accima Inc., CropX, Pycno and Acquity Agriculture.

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