Agriculture Sensors Market Overview
The global agriculture sensors market is estimated to reach $7,598.6 million in 2027, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 16.12% during the forecast period 2022-2027.
Agriculture sensors are widely accepted worldwide because of the various benefits they offer over conventional farming. With these sensors, the worldwide issue of food safety and security is being addressed. The fruits and vegetables produced through sensors are monitored and developed in a controlled manner to achieve an optimal growing environment. With agriculture sensors production, global food production is increasing, which is important to feed the growing population as it is expected to reach 9.73 billion by 2050.
USP of the Report
• Extensive competitive benchmarking of the top 15 players, including Bosch Global Software Technologies Private Limited, BouMatic, TEKTELIC Communications Inc., and others, to offer a holistic view of the agriculture sensors market landscape
• Market ranking analysis based on product portfolio, recent developments, and regional spread
• Investment landscape, including product adoption scenario, funding, and patent analysis
Analyst Perspective
According to Debraj Chakraborty, Lead Analyst of the report, “The sensors continuously track the entire farming system to give farmers the information they require. This enables farmers to make more informed decisions, resulting in better cost management, waste reduction, and water conservation due to overproduction. The importance of sensor-based farming is rising. The ability to precisely track in-field variability and make data-driven decisions is revolutionizing how farmers run their businesses.”
Key Companies Operating in The Market
Key players in the agriculture sensors market analyzed and profiled in the study involve agriculture sensor manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the agriculture sensors market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
The key players profiled in the report include Acclima, Inc., Acuity Agriculture, Bosch Global Software Technologies Private Limited, BouMatic, CropX inc., dol-sensors A/S, HUNTER INDUSTRIES, Libelium Comunicaciones Distribuidas SL, PrecisionHawk, Inc., Pycno Industries, Inc., Royal Eijkelkamp, Sensaphone, TEKTELIC Communications Inc., Vegetronix, HAIP Solutions GmbH, Moocall, Amber Agriculture, Inc., Grownetics, Inc., and SlantRange, Inc.
Key Questions Answered in the Report/h3>
• What is the estimated global agriculture sensors market size in terms of revenue for the forecast period 2022-2027, and what is the expected compound annual growth rate (CAGR) during the forecast period 2022-2027?
• What are the key trends, market drivers, and opportunities in the market pertaining to agriculture sensors?
• What are the major restraints inhibiting the growth of the global agriculture sensors market?
• What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
• What is the competitive strength of the key players in the agriculture sensors market based on an analysis of their recent developments, product offerings, and regional presence?
• How is the competitive benchmarking of the key agriculture sensors companies in the agriculture market based on the analysis of their market coverage and market potential?
• Which type of players and stakeholders are operating in the market ecosystem of agriculture sensors, and what is their significance in the global market?
• Which are the leading consortiums and associations in the global agriculture sensors market, and what are their roles in the market? How does the regulatory landscape differ in different regions for agriculture sensors?
• How are emerging technologies such as artificial intelligence (AI), 5G communication, and the Internet of Things (IoT) driving the growth of the agriculture sensors market?
• Which are the major patents filled in the space?
• How is the role of government regarding environmental issues and safety changing the landscape of the agriculture sensors industry?
• Which agriculture sensors technology is expected to be leading the agriculture sensors market by 2027?
• What has been the impact of COVID-19 on the agriculture sensors market?