Market Research Report
Global Sensing Devices Market for Farms 2018-2022
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||763598|
|Published||Content info||105 Pages
Delivery time: 1-2 business days
|Global Sensing Devices Market for Farms 2018-2022|
|Published: December 19, 2018||Content info: 105 Pages||
Availability of funding for vendors to drive growth in the market. Several vendors are investing in the development of sensing devices for farms with advanced features. Some of the efforts are supported by angel investor fundings. Technavio's analysts have predicted that the sensing devices market for farms will register a CAGR of almost 13% by 2022.
Smart farming includes the use of devices to map, monitor, and respond to changes in farm. By using sensing devices in farming, farmers can get crop related data combined with data about climatic changes that can affect yield.
The use of sensing devices involves various challenges such as device failure, inaccurate data, and increased labor requirement for the use and maintenance of sensing devices on large field.
For the detailed list of factors that will drive and challenge the growth of the sensing devices market for farms during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Campbell Scientific and Delta-T Devices the competitive environment is quite intense. Factors such as the increase in smart farming practices and the availability of funding for vendors, will provide considerable growth opportunities to sensing devices manufactures. Campbell Scientific, Delta-T Devices, Irrometer Company, Stevens Water Monitoring Systems, and The Toro Company are some of the major companies covered in this report.