Agricultural Sensors Market Size & Analysis Forecasts To 2025 By Type (Location, Humidity, Electrochemical, Mechanical, Airflow, Optical, Pressure, Water, Soil, Livestock), By Application (Dairy Management, Soil Management, Climate Management, Water Management), By Region (North America, Europe, Asia-Pacific, Central & South America, and Middle East & Africa), End-use Landscape, Vendor Landscape and Company Market Share & Competitor Analysis - Global Market Estimates
Agricultural Sensors Market Insights
The global agricultural sensors market is projected to grow at a significant rate over the forecast period on account of rising adoption of sensors to increase the production capacity. Increasing use of sensors to exploit all the available resources efficiently along with the need to reduce the use of hazardous products is expected to drive the demand for agricultural sensors over the coming years.
The growing use of agricultural sensors in precision agriculture is also projected to propel the market growth. The adoption of agricultural sensors helps in monitoring certain parameters such as chlorophyll levels, plant water status, and multispectral imagery among others. However, the prevalence of traditional crop management practices in developing countries is projected to hinder the growth of the industry to a certain extent.
Agricultural Sensors Market: Type Insights
Based on the type, the market is segmented into location, humidity, electrochemical, mechanical, airflow, optical, pressure, water, soil, and livestock sensors. The demand for electrochemical sensors is projected to occupy the largest share over the forecast period. Electrochemical sensors are widely used in collecting information about the pH and soil nutrient level.
The market for optical sensors is also likely to grow at a high CAGR owing to its increasing application in measuring soil properties such as clay, organic matter, and moisture content of the soil.
Agricultural Sensors Market: Application Insights
Based on application, the market is segmented into dairy management, soil management, climate management and water management. The soil management segment is projected to grow exponentially over the coming years. Agricultural sensors are widely used in eliminating nutrient depletion through monitoring & managing soil health.
Agricultural Sensors Market: Regional Insights
Agricultural Sensors are projected to breathe in new opportunities in the North American and European region over the next few years. The regional growth is expected to be influenced by increasing adoption of sensors based on GIS applications for agriculture. Rising adoption of precision farming is also projected to stimulate the market growth over the coming years.
The Asia Pacific region is also anticipated to explore immense growth opportunities over the coming years. Declining sensor prices coupled with increasing adoption of precision farming in countries such as India and China are expected to boost the growth of the industry over the coming years.
Agricultural Sensors Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase agricultural sensors over the coming years. Some leading consumers of agricultural sensors are Adler Seeds, Adecoagro, AgriSA, Agria Corporation and Bernard Matthews Farms.
Agricultural Sensors Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Agricultural Sensors Market Share & Competitor Analysis
Some of the players operating in the global agricultural sensors market include Libelium Comunicaciones Distribuidas Sl, Auroras, Acquity Agriculture, Pycno, Agsmarts Inc., Edyn, Acclima Inc., Caipos Gmbh, Vegetronix Inc. and Sentek Ltd among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In November 2017, SCR Dairy announced to launch Internet of Things-based HealthyCow solution. The product is ideal for monitoring the behavior of cows along with their ruminating time.
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The global Agricultural Sensors Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Agricultural Sensors Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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