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Agriculture Sensors Market Size In 2022: Country Analysis 2027

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BIS Research
Agriculture Sensors Market Size In 2022: Country Analysis 2027

Agriculture sensors are devices that are used to monitor various environmental parameters such as temperature, humidity, soil moisture, and pH levels. These sensors are primarily used to optimize crop yields, reduce waste, and increase efficiency in the farming process. The increasing demand for food due to the growing global population has led to the adoption of precision farming techniques, which, in turn, is driving the growth of the agriculture sensor market.

Read Report Overview: Agriculture Sensors Market

The BIS Research report highlights the factors that are driving the growth of the agriculture sensor market. One of the primary factors is the increasing adoption of precision farming techniques. Precision farming techniques involve the use of data analytics and precision agriculture technologies such as GPS and GIS, which enable farmers to make informed decisions about crop management. Agriculture sensors are an integral part of precision farming techniques as they provide real-time data about the environmental conditions of the farm.

Agriculture Sensors Market Overview

The agriculture industry is undergoing a transformational change due to technological advancements and the adoption of precision farming techniques. The use of agriculture sensors is one such technological innovation that is revolutionizing the industry. According to a report published by BIS Research, the global agriculture sensor market is expected toat $3,599.5 million in 2022 and is expected to reach $7,598.6 million in 2027, following a CAGR of 16.12% during 2022-2027.

Impact of COVID-19 on Agricultural Sensors Market

The COVID-19 pandemic has had a significant impact on almost all major industries throughout the world, including the agricultural industry. Globally nations had lockdowns imposed because of which the supply chain also got disrupted, resulting in a shortage of equipment and other inputs required for the agriculture sector. This has brought the companies’ attention to the use of agriculture sensors, which can lead to a boost in the improvement of yield quality and quantity in the agriculture sector. In the agriculture sector, the adoption of agriculture sensors is expected to increase due to developed information technology (IT) infrastructure and networks as well as improved farm mechanization. Thus, COVID-19 has positively impacted the agriculture sensors market in the long run due to disrupted supply chains and labor shortages.

Global Agricultural Sensors Market by Region

The agriculture sensor market is segmented based on type, application, and region. Based on type, the market is segmented into temperature sensors, humidity sensors, soil moisture sensors, and pH sensors, among others. Based on application, the market is segmented into precision farming, livestock monitoring, and aquaculture. Based on region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

North America generated the highest revenue of $1,032.9 million in 2021, which is attributed to the large-scale adoption of advanced technologies and an increasing number of agriculture sensor startups backed by government, institutional, and corporate funding in the region.

Key Market Players and Competition Synopsis

Acclima Inc., Acuity Agriculture, AgriData, AgEagle Aerial Systems Inc., BaySpec, Inc., Caipos GmbH, CropX Inc., Cubert GmbH, Digital Agriculture (Robert Bosch and BASF), FluroSat, Gamaya, HAIP Solution GmbH, Imec, Inno-spec GmbH, INO, Libelium, Precision Hawk, Pycno, The Yield Pty Ltd.

Download our Agriculture Sensors Market Free sample now!

The companies that are profiled in the report have been selected based on the selective pool of players, primarily Tier-1 (holding 50-60% of the market), mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the agricultural sensors industry.

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