Agricultural Sensors Market

Market Overview

The global agricultural sensors market size was valued at USD 4.74 billion in 2021. It is expected to reach USD 16.83 billion by 2030, growing at a CAGR of 15.12% during the forecast period (2022–2030). Using intelligent sensors, farmers can increase their yields using fewer resources, such as fertilizers, water, and seeds. Farmers can realize their crops on a microscale by utilizing sensors and mapping fields. This allows farmers to conserve resources and have fewer adverse effects on the ecosystem. Farmers could monitor their fields and apply fertilizer and weed killer only when necessary after accurately mapping their crop fields. The device collects, processes, and transmits information such as temperature, humidity, pressure, and the amount of water it contains, among other things. It is responsible for collecting and transmitting the data to the base station. The base station then analyses the data and transmits it to be further processed.

In most cases, sensor networks consist of a base station referred to as a sink and several additional sensors. In addition to sensing and transmitting signals, these sensors also send information to other nodes in the network. Weather stations are self-contained units positioned at various locations across an agricultural field.

Market Dynamics

Market Driving Factors

Increased Agricultural Mechanisms to Positively Share Industry Outlook

The main factors driving the development of agriculture sensors are expanding agro-based frameworks in developing nations, rising labor costs due to a lack of skilled labor, increased pressure on global food supplies due to population growth, significant cost savings on agriculture sensors techniques, and government initiatives to adopt advanced agricultural technology. It has gained enormous popularity among farmers due to the growing pressure they face to maximize crop production while minimizing their financial outlay.

Rising Demand for more Efficient Agricultural Products to Foster Market Growth

Several factors are driving the market for agricultural sensors, including the growing demand for agricultural production, shifting practices associated with the use of technology, and increasing intensification, which may include precision agriculture, low-till management, and the implementation of advanced technology. Many farmers recognize the importance of maximizing their output with available resources, leading to a surge in interest in agricultural sensors. In addition, modifications to weather patterns brought on by an increase in global warming have made it essential to utilize technologically advanced sensors to boost productivity and crop yield. Agricultural sensors enable farmers to increase their yield while wasting fewer resources and labor hours. In addition, the growing popularity of the smart greenhouse and the monitoring of fish farms and livestock has contributed to an increase in the demand for agricultural sensors worldwide.

Market Restraining Factors

Lack of Rules, Regulations, and Skilled Workers to Hinder Market Growth

Several obstacles and challenges must be overcome, both of which will impede the overall market's growth. The market expansion is being hampered by several factors, including an inadequate supply of skilled workers and the absence of applicable protocols and standards. In addition, to collect data relevant to farming, farmers can use various sensors supported by various software and hardware. Therefore, sophisticated integrated systems of agricultural sensors impede the expansion of the market. Affordability of the technology, lack of awareness among farmers about the benefits of agriculture sensors, particularly in developing countries, and volatile agricultural crop prices are potential restraints that could hinder the overall growth of the global agricultural sensors market. Moreover, the global market could be hindered by the overall growth of the agricultural sensors market.  

Key Market Opportunities

Development of Affordable and Higher-Quality Sensors and Government Initiatives to Spur Market Opportunities

Industrial growth is supported in the agricultural goods market by introducing both more affordable and higher quality sensors and government incentives for supporting intelligent agriculture techniques in developing countries. Exciting the material to produce fluorescence and capturing the images using a confocal laser scanning microscope are the advanced sensors for detecting root colonization in potatoes by organisms. This helps design and realize a bio-acoustic sensor equipped with a probe for the acquisition of sounds to detect real palm weevils early to perform pest control. These factors, along with favorable socioeconomic and demographic factors such as urbanization, growing population, disposable incomes, and a rise in the standard of living, have positively anticipated petting the growth of the global agricultural sensors market. As a result, factors such as these will create numerous opportunities in the market.

Regional Analysis

The global agricultural sensors market is segmented into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.  

Asia-Pacific is expected to lead the global agricultural sensors market during the forecast period. The strong government support to increase agricultural production, the availability of supporting infrastructure, and the acceptance of innovative and precession farming methods all contributed to the deployment of innovative agricultural solutions in the region.

North America will record significant growth in the agricultural sensors market. The growth can be attributed primarily to the increased use of sensors in the agricultural market segments. As a result of stringent environmental regulations and the increasing adoption of precision farming and yield monitoring practices by both large and small farm owners, the market is expected to grow.

There is a good chance that the market will experience significant growth in LAMEA. Increasing awareness fuels the market growth in these regions' various advanced technologies and agricultural tools.

Segmental Analysis

The global agricultural sensors market is divided into Product type and Application.

By Product Type

Based on product type, the global market is divided into three types physical, chemical, and mechanical.

During the forecast period, it is expected that the physical sensor segment will have the largest market share. However, it is expected that the mechanical sensor segment will have the highest CAGR during the forecast period. It's getting used more and more to measure soil properties like clay, organic matter, and moisture content. It's also used a lot to find out about pH and nutrient levels in the soil.

By Application

Based on the application divides, the market into five segments: yield monitoring and mapping, disease control and detection, soil monitoring, and irrigation and water management.

The yield monitoring and mapping segment will have the largest market share during the forecast period. Yield mapping systems use sensors to collect relevant crop-related data for optimal planning and crop management. Grain moisture, grain flow, and header position sensors are examples. Furthermore, GPS antennas and receivers are used in yield mapping systems.

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