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Preliminary research of Fairfield Market Research indicates a promising growth outlook for global agriculture sensor market during the course of next few years.
Agriculture Sensor Market Benefits from Growing Awareness About Role of Real-time Farm Information
Global agriculture sensor market marches forward as more farmers realize the significance of having real-time farm information. The indispensable role of sensors in key areas like water management and irrigation, crop health management, yield monitoring and field mapping, soil monitoring, disease control and detection, and harvesting management is expected to primarily drive their sales. Furthermore, growing inclination toward automation of critical agricultural processes, and reduction of manual effort, the market will continue to witness newer growth avenues in future. Advent of next-gen technologies like GPS/GNSS, connected technology, and big data is pushing the alliance between the agriculture sensor manufacturers, and agrochemical companies. This is also projected to expedite the pace of market growth.
Rising Sensor Implementation in Smart Agriculture Boosts Agriculture Sensor Market
With digitization penetrating deeper across industries post-COVID-19 pandemic, precision agriculture also registers solid uptake of advanced technologies. Growing demand for sensor technologies in precision/smart agriculture to aid farmers in monitoring and optimization of crop yield is likely to drive the market ahead. Lack of regulatory standardization may however remain the longstanding barrier to rapid market expansion. A consistent drop in the average number of labors in indoor farming sector is also an important factor makes room for agriculture sensor penetration. Contrarily, the mounting pressure on global food supplies to maximize crop yield complements it further. Increasing demand for efficient agri products will also bolster the revenue growth of market, shows research. Proliferation of smart greenhouses, and growing sensor implementation in fish farm and livestock monitoring further contribute toward the expansion of agriculture sensor market.
Dynamics of Sensor Adoption in Agriculture Sensor Market Revolves Around Price Point
The Bureau of Labor Statistics reports a measurable price drop in multiple consumer electronics segments and marks the same trend that prevails in case of sensors. The price point of sensors has also seen a substantial drop over the recent past, which has naturally pushed sensor sales up eyeing the voluminous, untapped agricultural data. In the wake of critically soaring demand for optimum production, agriculture sensors have been enjoying a spike in popularity among farmers. While simple, non-complex sensors lead on the back of affordability, their advanced counterparts are also likely to witness a promising growth outlook in sales on account of their role in pushing productivity and crop yield in addition to farm monitoring, and weather forecast. Increasing need for identifying the optimal field requirements for improved yield at reduced human effort, and minimal wastage will uplift the prospects of advanced sensors in agriculture sensor market.
Physical Sensors Highly Preferred in Agriculture Sensor Market, Yield Monitoring and Mapping Key Application Area
Based on the type of sensor, the physical sensor segment continues to record the maximum sales in agriculture sensor market. Research however also highlights a visible rise in the mechanical sensor segment as mechanical sensors have been gaining ground for soil monitoring application. Escalating need for examining soil for properties such as organic matter, clay, and moisture content is expected to uphold market attractiveness of the mechanical sensor segment in agriculture sensor market. On the other hand, in terms of application, sensor adoption for crop yield monitoring and mapping will contribute the largest revenue share to the market. Widely used yield mapping systems employ sensors to gather relevant farm information that later helps with crop management, and optimal planning. The grain flow sensor, grain moisture sensor, and header position sensor have been some of the most popular sellers in the category. The other key application segments considered for analysis include soil monitoring, disease control and detection, and irrigation and water management.
North America’s Agriculture Sensor Market Spearheads, Potential of Asia Pacific on the Rise
North America has been the early adopter of both precision farming, and agriculture sensors. The region maintains lead on the back of a supportive regulatory framework. In addition to higher investments, the market here will largely benefit from widespread adoption of smart farming techniques that clearly points to a huge potential opportunity for sensor farming. Moreover, strong presence of some of the global leaders like Edyn, Pycno, Acclima Inc., and Acquity Agriculture further account for the pre-eminence of North America in global agriculture sensor market. The US especially houses a few of the major manufacturers of soil moisture sensors, i.e., Sentera, Sensaphone, Monnit Corporation, and Texas Instruments Incorporated. This will further uphold the region’s primacy in global market space.
On the flipside, Asia Pacific is likely to demonstrate phenomenal growth in agriculture sensor market. While rising demand for soil moisture sensors primarily drives market growth here, availability of vast fertile lands across the key nations will keep the market afloat in the region. New-age farmers’ increasing disposable income as well as spend further propels revenue to Asian markets.
Competition Analysis - Agriculture Sensor Market
Texas Instruments Incorporated, Edyn, auroras Srl Cso Piera Cillario, CropX Inc., Caipos GmbH, Acclima Inc., Glana Sensors AB, Sensoterra, Sensaphone, Sentera, CropIn Technology Solutions Private Limited, Libelium Comunicaciones Distribuidas S.L., dol-sensors A/S, Monnit Corporation, Pycno Agriculture, and Acquity Agriculture represent some of the prominent players in global agriculture sensor market space. The report would cover a few industry leaders for strategic competitive analysis and profiling.
Recent Notable Developments
The Global Agriculture Sensor Market is Segmented Accordingly:
By Type
By Application
By Region
Key Elements Included In The Study: Global Agriculture Sensor Market
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Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.
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