Market Size of Agricultural Sensor Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.01 Billion |
| Market Size (2029) | USD 3.46 Billion |
| CAGR (2024 - 2029) | 11.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Agricultural Sensor Market Analysis
The Agricultural Sensor Market size is estimated at USD 2.01 billion in 2024, and is expected to reach USD 3.46 billion by 2029, growing at a CAGR of 11.5% during the forecast period (2024-2029).
- Increasing demand for agricultural production, changing technology practices, and increasing intensification, including precision agriculture, low-till management, and advanced technology, are a few factors driving the agricultural sensors market.
- Agricultural sensors are expected to achieve complete expansion in the region. Location sensors have gained immense traction in recent years for the need for precise positioning in precision agriculture. In China, a large-scale agriculture digital zone was established in the Heilongjiang Modern Agriculture Demonstration Zone in 2018 under the motto 'Sky, Earth, and Space,' where "Sky" stood for satellite remote sensing data, "Space" for drone remote sensing data, and "Ground" for ground IoT data.
- Many agritech companies developed innovative models for easing farming practices by focusing more on wireless platforms to enable real-time decision-making regarding yield monitoring, crop health monitoring, field mapping, irrigation scheduling, harvesting management, etc., for helping the farmers from adverse price fluctuations of their produce.
- North America remains the largest geographical segment of the market and accounts for a major market share. High investments and wide adoption of smart farming techniques show huge potential growth for sensor farming during the forecast period. Stringent environmental regulations and the rising adoption of precision farming and yield monitoring practices by large and small farm owners to upsurge the productivity of fields are expected to drive the market.
Agricultural Sensor Industry Segmentation
Agricultural sensors are a set of sensing technologies applied in modern agriculture such as precision farming to avail data that helps farmers monitor and optimize crops and adapt to changing environmental factors.
The agricultural sensor market is segmented by type (humidity sensor, electrochemical sensor, mechanical sensor, airflow sensor, optical sensor, pressure sensor, water sensor, soil sensor, and livestock sensor and others), application (dairy management, soil management, climate management, water management), and geography (North America, Europe, Asia Pacific, South America, and Africa). The report offers the market size and forecasts in terms of value in USD million for all the above segments.
| Type | |
| Humidity Sensor | |
| Electrochemical Sensor | |
| Mechanical Sensor | |
| Airflow Sensor | |
| Optical Sensor | |
| Pressure Sensor | |
| Water Sensor | |
| Soil Sensor | |
| Livestock Sensor | |
| Other Types |
| Application | |
| Dairy Management | |
| Soil Management | |
| Climate Management | |
| Water Management |
| Geography | ||||||||
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Agricultural Sensor Market Size Summary
The agricultural sensor market is poised for significant growth, driven by the increasing demand for enhanced agricultural production and the adoption of advanced technological practices such as precision agriculture and low-till management. These sensors play a crucial role in modern farming by enabling real-time decision-making through wireless platforms, which assist in yield monitoring, crop health assessment, field mapping, and irrigation scheduling. The integration of location sensors and IoT data from satellite and drone remote sensing is particularly notable in regions like China, where large-scale digital agriculture zones have been established. The market is characterized by a fragmented landscape with numerous small and medium-sized enterprises alongside a few major players, contributing to intense competition. North America stands out as the largest regional market, benefiting from substantial investments and the widespread adoption of smart farming techniques.
The adoption of agricultural sensors is further propelled by the need to address challenges such as fluctuating climatic conditions and a decreasing skilled labor force, particularly in indoor farming settings. These sensors facilitate precise control over environmental factors like light, nutrition, and moisture, thereby enhancing crop yields and reducing labor dependency. Innovations in sensor technology, such as soil moisture sensors and smart irrigation systems, are crucial for optimizing water use and improving crop production efficiency, especially in areas with limited groundwater. The United States leads in the adoption of precision farming technologies, with Canada also contributing to market growth through the acceptance of modern agricultural methods. The market's expansion is supported by strategic partnerships and acquisitions, such as CropX Technologies' acquisition of Tule Technologies, which enhance data capture capabilities and optimize resource use in agriculture.
Agricultural Sensor Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of Substitute Products
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1.4.4 Threat of New Entrants
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Humidity Sensor
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2.1.2 Electrochemical Sensor
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2.1.3 Mechanical Sensor
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2.1.4 Airflow Sensor
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2.1.5 Optical Sensor
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2.1.6 Pressure Sensor
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2.1.7 Water Sensor
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2.1.8 Soil Sensor
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2.1.9 Livestock Sensor
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2.1.10 Other Types
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2.2 Application
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2.2.1 Dairy Management
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2.2.2 Soil Management
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2.2.3 Climate Management
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2.2.4 Water Management
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Italy
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Thailand
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2.3.3.4 Japan
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2.3.3.5 Australia
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Africa
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2.3.5.1 South Africa
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2.3.5.2 Rest of Africa
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Agricultural Sensor Market Size FAQs
How big is the Agricultural Sensor Market?
The Agricultural Sensor Market size is expected to reach USD 2.01 billion in 2024 and grow at a CAGR of 11.5% to reach USD 3.46 billion by 2029.
What is the current Agricultural Sensor Market size?
In 2024, the Agricultural Sensor Market size is expected to reach USD 2.01 billion.
