Agriculture Sensors Market Size, Share, Industry, Forecast and outlook (2024-2031)

Agriculture Sensors Market is segmented By Sensor type (Electrochemical sensors, Optical sensors, Location sensors, Ground sensors, Airflow sensors, Others), By Application (Soil Monitoring, Yield mapping and monitoring, Disease detection and control, Weed mapping, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030 

Agriculture Sensors Market Report Overview

The agriculture sensors market report analyses the size, shares, recent trends, competitive intelligence, and future market outlook. Agriculture sensors usage in the enhancement of crop growth is on the rise. Demand for farming in Asia-Pacific is spiking. The competitive rivalry intensifies with Edyn, Accima Inc., CropX, and others active in the market.

Agriculture Sensors Market Scope and Summary

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Agriculture sensors are electronic components that are used in the enhancement of crop growth. Agriculture sensors include electrochemical sensors, optical sensors, ground sensors, air flow sensors, and temperature sensors, which constitute a major part of smart farming culture. These sensors have proved to be helpful to farmers in ways that help them in testing the soil quality, maintaining the climatic conditions for crop growth, and detecting of possible diseases. Moreover, agriculture sensors are also capable of suggesting suitable control methods. With the growth in acceptance of smart farming culture, the demand for the agriculture sensors market is expected to grow significantly.

Agriculture Sensors Market Dynamics and Trends

Growing smart farming culture is driving the market

The increasing demand for farm produce coupled with increasing population and declining arable land are forcing the farmer communities to increase crop yield. Precision farming or smart farming is considered an effective way of increasing productivity with minimal inputs and is widely gaining prominence among farming communities. Sensors are used extensively in precision farming to gather information about soil nutrients, moisture level, crop growth rate, and several other parameters. Sensors are used in farm management with the aid of technologies such as IoT, AI, and robotics. With the growing popularity of this farming practice, the demand for agriculture sensors is expected to increase, particularly in countries such as the U.S., Japan, China, and India. According to Food and Agriculture Organization (FAO), the global production of food has to be increased by 70% to feed the population growth of 2.3 billion people by 2050. In this regard, The World Government Summit announced Agriculture 4.0 in 2018, to help farmers get acquainted with the smart farming culture. The support extended by the government towards smart agricultural practices is shaping the world into a smarter tech-driven society with the help of sensors

The high cost of sensors and data-driven technologies in farming is the key restraint to market growth. Also, the lack of knowledge and skilled labor for handling farm sensors is hindering the adoption rate in developing economies.

Agriculture Sensors Market Segmentation and Shares

Electrochemical sensors are getting popular due to their precise evaluation of soil quality

Electrochemical sensors evolved as the largest sensor type in the global agriculture sensors market by dollar sales in 2019 owing to extensive use in soil monitoring applications. The effective soil quality evaluation capability in measuring the levels of macro and micronutrients, organic matter, pH level, moisture, pesticides, and pathogens led to the rapid growth of electrochemical sensors in farming precision farming. These sensors improve the quantification of nitrogen, phosphorus, and potassium macronutrients inputs in agricultural soil and help the farmer, achieve high-quality plant growth and crop yields

Agriculture Sensors Market Geographical Analysis

Asia-Pacific dominates the market due to the presence of advanced agricultural systems in Japan and China.

Asia-Pacific is the largest shareholder of the global agriculture sensors market with countries like Japan and China having the most advanced agriculture systems in the world. Shortage of agricultural labor, high rate of farm mechanization, and need for high quality and quantity of farm produce led to the adoption of sensors in Japan. Japanese agriculture technology makes use of advanced sensors which are helpful in both the plantation and harvesting processes. While China is bringing advancement in the conventional farming system with the help of government subsidies, this is helping farmers to acquire drones for automating water and spraying pesticides, thus propelling the market growth.

North America was one of the largest regional markets for agriculture sensors. Strong government support to increase agricultural production, availability of infrastructure support, and acceptance of smart and precession farming methods increased the deployment of advanced farming solutions. In North America, the adoption of soil moisture sensors has rapidly increased. Soil moisture instruments are used in the sports turf segment for more efficient monitoring and conversion of turfgrass. Studies indicate that the adoption of sensors helps farmers to minimize drought stress, and reduces maintenance and labor cost of protected cultivation by 20%, at least. The U.S. is the early adopter of precision farming technologies, which is the primary factor responsible for the region’s most significant share in the global market. A considerable acceptance of modern agriculture methods by Canada is contributing to industry growth.

Agriculture Sensors Companies and Competitive Landscape

A wide range of agriculture sensors manufacturers made the market competitive

The global agriculture sensors market is fragmented, with various small and medium-sized companies and a few big players, resulting in stiff competition in the market. To capitalize on emerging trends in smart farming, key companies such as Edyn, Accima Inc., CropX, Pycno, and Acquity Agriculture have come up with a variety of sensing system ideas that will help farmers get more perspective about their crop growth. Several recognized sensor manufacturers are introducing customized solutions according to different sizes, natures, and requirements of farms. In addition, several partnerships are observed n the industry to introduce advanced solutions for different agriculture applications. Recently, Robert Bosch Venture Capital and Flex Lab IX invested in CropX.

COVID-19 Impact on Agriculture Sensors Market Growth

The Pandemic had a positive impact on the global agriculture sensors market

The outbreak of covid-19 pandemic had a positive impact on agriculture sensors. As the pandemic impacted the supply chain and logistics, coupled with a labor shortage, the use of technology has increased to cope up with the shortage. Agricultural drone sales took a hike in China, owing to labor shortages and reduced human interaction during the pandemic times. Moreover, help extended by the Chinese government towards improving the situation of farming through the Green Channel initiative, led to added benefits to the sales of agriculture sensors.