Agricultural Sensors Market: Current Analysis and Forecast (2021-2027)

Sensors used in smart farming are known as agriculture sensors. These sensors provide data that assist farmers to monitor and optimize crops by adapting to changes in environmental conditions. Precision farming, also known as smart farming, allows farmers to maximize their yields with minimal resources. These sensors help understand plants at the microscale to conserve resources and reduce environmental pollution.

The Agricultural Sensor Market is expected to grow at a CAGR of around 15% during the forecast period. This is mainly due to the increasing need for optimal production with the resources provided. Additionally, changing weather patterns due to increased global warming have required advanced sensors to increase productivity and crop yields. By offering advanced sensors, farmers can monitor farms, and weather forecasts, and achieve optimal field requirements. Agricultural sensors allow farmers to increase yields with minimal human effort and waste. Moreover, the increasing demand for farm produce coupled with increasing population and declining arable land are forcing the farmer communities to increase crop yield.

Insights Presented in the Report:

"Amongst Type, location sensor category accounted for the majority share in the market in 2020"

Based on type, the market is segmented into electrochemical sensor, humidity, sensor, mechanical sensor, optical sensor, pressure sensor, water sensor, soil sensor, livestock sensor, and Others. The location sensor segment accounted for the largest revenue share amongst the other segments, contributing significantly, Location sensors use GPS satellite signals for determining topographic attributes, including latitude, longitude, and altitude of the required field area. The location data provided by these sensors is used to position precision technologies where they are most required. These sensors are essential to implement precision farming technologies in farming.

"Amongst application, soil management segment is expected to witness highest CAGR during the forecast period"

Based on application, the market is segmented into dairy management, soil management, climate management, and water management. In 2020, the soil management application segment dominated the market with the majority of the revenue share. Moreover, soil management is of utmost importance for optimum plant growth and yield. Monitoring systems are being enhanced with soil moisture sensors, continuous plant growth sensors, and microclimate tracking. The data gathered through these sensors is transferred to mobile devices, enabling farmers to take immediate action. Moreover, the increasing use of sensors in agricultural lands has helped farmers reduce water consumption and increase overall food production. These benefits are expected to drive the segment in the coming years. Moreover, increasing the focus of governments across various nations on water conservation to improve the quality of crops is driving the market.

"North America to witness significant growth during the forecast period"

North America is the largest regional market for agricultural 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 United States is an early adopter of precision agricultural technology and is a major contributor to the region's largest share of the global market. The considerable acceptance of modern farming practices in Canada has contributed to the growth of the industry.

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Deep dive regional level analysis of the industry.

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