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Agriculture Sensors Market By Sensors Type (Physical Sensors, Mechanical Sensors And Chemical Sensors), Application (Yield Monitoring And Mapping, Soil Monitoring, Disease Control And Detection, And Irrigation And Water Management) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Agriculture sensors will be in high demand as farming methods become more modern.

The global market for agricultural sensors is expected to reach US$ 2.75 billion by 2026, with a CAGR of 12.8% from 2018 to 2026. Countries across the world are facing challenges from the rising population and their food demand. According to the United Nations (UN), the global population is expected to reach 9.7 billion by 2050, up from 7.3 billion in 2015. In addition, urbanization in major countries is growing at an accelerated pace. All these trends indicate that the demand for food will continue to grow over the forecast period from 2018 to 2026.

Countries across the world are focusing on increasing agricultural production to meet rising food demand. Farmers in both developed regions are significantly investing in modern technologies to increase productivity and minimize costs owing to decreasing commodity prices and increasing input costs. Precision farming technology would be a viable alternative to traditional farming methods to improve profitability and productivity. Technology evolution is helping farmers increase their farm productivity and reduce waste. Precision and smart farming, guidance systems, drones, robots, and telematics solutions are helping to increase agricultural production through better decision-making.

The use of precision and smart farming methods offers economic and environmental benefits to farmers by reducing their use of water, pesticides, fertilizers, and herbicides. Precision farming allows farmers to trace the variable properties of their agricultural land, including soil properties and environmental conditions, and to make management decisions. This advanced farming method automates and simplifies data collection for agricultural land and allows farmers to quickly make management decisions over cultivation fields. The precision farming method includes the use of wireless sensors to increase productivity, efficiency, and profitability while minimizing unintended impacts on the environment and wildlife. Sensors are used in precision farming to collect spatial data, use variable rate technology, and supply data to farmers. The rising popularity of precision farming is expected to increase the demand for agriculture sensors throughout the forecast period.

Market Synopsis

Developing countries are expected to outpace market growth throughout the forecast period.

For instance, North America represents the largest regional market for agriculture sensors. The U.S. was an early adopter of precision farming technologies, which is the primary factor responsible for the region's largest share in the global agriculture sensors market. In addition, significant acceptance of modern agriculture methods in Canada is also contributing to market growth. In developed regions, precision farming is rapidly gaining acceptance from farmers and becoming commercialized, thanks to good science. Almost 70–80% of the agriculture equipment sold, particularly in developed markets, has some kind of precision farming technology integrated. In developing countries, low penetration is observed for precision farming technologies due to their high initial cost and lack of awareness about their benefits.

However, rising support from the private as well as public sectors to increase the deployment of precision agriculture methods is expected to increase the demand for agriculture sensors in the region. Asia Pacific is expected to witness the fastest growth throughout the forecast period with the introduction of declining sensor prices and other monitoring technologies. India and China are the most potential markets for precision farming solutions and are expected to witness significant growth over the forecast period. Latin America is also estimated to witness considerable growth with the increasing deployment of precision farming methods in Brazil and other major countries in the region. The Middle East and Africa (MEA) region is growing in terms of smart farming standards, which bodes well for agriculture sensors in the region.

Yield monitoring is the largest application segment for agriculture sensors.

In this research study, we have considered sensors used in yield monitoring and mapping; soil monitoring; disease control and detection; and irrigation and water management applications. So far, yield monitoring and mapping are the largest applications for agriculture sensors and account for almost half of the revenue share in the overall market for agriculture sensors by application.

The yield monitoring technologies provide useful data about how the yield capacity varies within the field. Several agriculture equipment manufacturers, including Deere & Company, AGCO, and CNH, among others, are integrating yield monitoring technologies with their combines and harvesters in order to improve yield productivity. Disease control and detection and irrigation solutions are expected to witness significant growth throughout the forecast period. The demand for crop scouting sensors used to monitor weed patches, crop tissue nutrient status, and insect or fungal infestation is growing at a considerable rate to reduce crop losses and increase productivity. In addition, the availability of limited water resources and uncertain rainfall is increasing the demand for irrigation and water management solutions.

Manufacturers are focusing on developing customized sensor solutions.

Investment in precision and smart farming is growing steadily with rising awareness about these solutions. Several recognized sensor manufacturers are introducing customized solutions according to the size, nature, and requirements of farms. In addition, several partnerships are observed in the industry to introduce advanced solutions for different agriculture applications. Recently, Robert Bosch Venture Capital GmbH and Flex Lab IX invested in CropX (an American smart and precision farming solution provider). Manufacturers are also focusing on developing solutions specifically for small farms, which is the most potential segment for agriculture sensors in the global market. Major players in the global agriculture sensors industry include Texas Instruments Inc., Auroras S.R.L., Robert Bosch GmbH, Avidor High Tech, Libelium Comunicaciones Distribuidas S.L., Ag Leader Technology, Sol Chip Ltd., Pycno Agriculture, CropX Inc., Trimble Inc., Sentera LLC, The Yield Pty Ltd., and others.

Why is it recommended to invest in our agriculture sensors market research study?

The research study on the agriculture sensors market provides an exhaustive analysis of global trends and dynamics in the global industry. This study includes a comprehensive analysis of different sensor types and their applications in the agriculture field. The report also highlights key market-driving and restraining factors. The study also includes qualitative and quantitative analysis of the segments covered by the study's scope. The report also identifies vital investment areas in the global agriculture sensor markets. This research study also includes a high-level analysis of the agriculture sensors industry, which includes value chain analysis, key player positioning, and investment positioning. The report also includes profiles of leading agriculture sensor providers. The agriculture sensors market is segmented into the following categories:

Agriculture sensors market (2016-2026; USD billion)

  • Mechanical Sensors
  • Physical Sensors
  • Chemical Sensors

Agriculture Sensors Market (2016-2026; USD Billion)

  • Yield Monitoring and Mapping
  • Soil Monitoring
  • Disease Control and Detection
  • Irrigation and water management

Agriculture Sensors Market by Geography (2016-2026; USD Billion)

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • United Kingdom
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of APAC
  • Latin America (LATAM)
    • Brazil
    • rest of Latin America
  • Middle East and Africa (MEA)
    • Israel
    • Rest of the Middle East and Africa

Periods of History and Forecast

2016 : Historic year.

2017 : Base Year

2018–2026 : Forecast Period

This research study provides an analysis of each segment (type, application, and regional market) from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Frequently Asked Questions:

The market for Agriculture Sensors is expected to reach US$ 2.75 Bn in 2026.

The Agriculture Sensors market is expected to see significant CAGR growth over the coming years,at 12.8%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Texas Instruments Inc.,Auroras s.r.l.Robert Bosch GmbH,AG Leader,Avidor High Tech are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2018
Category:  Agriculture
Report ID:   59212
Report Format:   PDF
Pages:   120
Rating:    4.3 (40)
Delivery Time: 24 Hours to 48 Hours   
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