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Agriculture Sensor Global Market Report 2022

Agriculture Sensor Global Market Report 2022

  • June 2022
  • 175 pages
  • ID: 6284090
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the agriculture sensor market are Libelium Comunicaciones Distribuidas Sl, Auroras, Acquity Agriculture, Pycno, Agsmarts Inc., Edyn, Acclima Inc., Caipos Gmbh, Vegetronix Inc., Sentek Ltd, Aquaspy Inc., CropX, AG Leader, Sol Chip Ltd, Sentera, LLC., Caipos Gmbh, dol-sensors A/S, Glana Sensors AB, Monnit Corporation, and Sensoterra.

The global agriculture sensors market is expected to grow from $1.29 billion in 2021 to $1.47 billion in 2022 at a compound annual growth rate (CAGR) of 14.44%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.72 billion in 2026 at a CAGR of 16.65%.

The agriculture sensors market consists of sales of agriculture sensors by entities (sensor type and application) that are used in smart farming to assist farmers in optimizing and monitoring crops.Agricultural sensors help farmers to respond to the dynamically changing conditions of the environment.

Rising global temperature leading to change in an environment unsuitable for crops can be already predicted with the help of agriculture sensors. The wide range of benefits from agriculture farming includes weather forecast, real-time farm tracking, and optimum field requirement.

The different types of agriculture sensors are humidity sensor, electrochemical sensor, mechanical sensor, optical sensor, pressure sensor, water sensor, soil sensor, and location sensor.The humidity sensor market consists of sales of humidity sensors by entities (organizations, sole traders, and partnerships) that are used to check the moisture and humidity ratio of land.

There are four main types of humidity sensors namely, conductive humidity sensor, thermal conductivity sensor, optic hygrometer, and oscillating hygrometer. These agriculture sensors are used for soil monitoring, yield mapping and monitoring, disease detection and control, weed mapping, and other applications.

North America was the largest region in the agriculture sensor market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing adoption of smart farming practices is expected to propel the growth of the agriculture sensor market over the coming years.Agriculture sensors are widely utilized in smart farming practices for various on-field activities such as weather forecasts, measuring leaf wetness and trunk diameter, spreading pesticides as well as insecticides, and others.

The advantages of the sensor over existing technologies such as easy installation, cheaper use, minimizes pollution and global warming, remotely controllable led to a rapid surge in the utilization of technologies related to sensors in agricultural applications.For instance, according to the study conducted by McKinsey Global Institute, a business and economics research wing of McKinsey, smart farming practices are expected to create up to $11 trillion in economic benefits globally by 2025.

Thus, the rapid growth in the adoption of smart farming practices by agricultural communities is expected to boost the agricultural sensors market during the forecast period.

The emergence of advanced technologies is a key trend gaining popularity in the agriculture sensor market.The key players in the agriculture sensors market are focusing on developing innovative products with emerging technologies and low-cost features to meet the growing demand for smart farming technologies and solutions across the globe.

For instance, in March 2021, Monnit Corporation, a USA-based manufacturer of remote monitoring and wireless sensors, launched ALTA Soil Moisture Sensor which alerts operators on mobile devices and computers on the location of crops or commercial landscaping to be watered. The two-in-one sensor soil moisture sensor measure both soil water tension and temperature and alerts the operator.

In November 2021, Sentera, an America-based agricultural service provider acquired Insight Sensing, an America-based smart agriculture company engaged in manufacturing of precision agriculture and remote sensing research and technologies for an undisclosed amount. Through this acquisition, Sentera aims to widen the capabilities of its product portfolio and partnerships of agriculture services.

The countries covered in the Agriculture Sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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