Home >> Business >> Agriculture Sensors Market Is Expected To Reach US$ 2.75 billion by 2026 | Credence Research

Agriculture Sensors Market Is Expected To Reach US$ 2.75 billion by 2026 | Credence Research

According to a new market report published by Credence Research Inc “Agriculture Sensors Market By Sensors Type (Physical Sensors, Mechanical Sensors And Chemical Sensors), Application (Yield Monitoring And Mapping, Soil Monitoring, Disease Control And Detection, And Irrigation And Water Management) – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2026,” The global market for agricultural sensors is expected to see significant growth by increasing the use of precision farming technologies to increase agricultural productivity.

Browse the full report at “Agriculture Sensors Market

Farmers around the globe are moving from traditional farming techniques to advance agricultural practices and are adopting contemporary techniques and machinery to enhance yield productivity. The increasing deployment of intelligent farming methods and sophisticated surveillance solutions promotes the demand for sensor solutions in the agriculture sector. In addition, manufacturers are focusing on developing sensor solutions for small-scale farms, which are expected to increase the demand for sensors in agricultural applications. Furthermore, the use of sensor technologies in farm machinery, vehicles and farm management systems is also expected to support the growth of this market throughout the forecast period. In addition, increasing assistance from governments of significant agricultural countries for the development of vital infrastructure to boost the implementation of precision farming techniques is also anticipated to stimulate demand for agricultural sensors throughout the forecast period. The worldwide market for agricultural sensors is anticipated to reach US$ 2.75 billion by 2026 with a CAGR of 12.5 per cent over the forecast period from 2018 to 2026.

North America is the largest regional market for agriculture sensors market in 2017. Strong government support to increase agriculture production, availability of supporting infrastructure as well as acceptance of smart and precession farming methods increased deployment of advance agriculture solutions in the U.S and Canada. Large size farmers in North America and European countries benefited significantly with the use of precision farming methods and now medium and small size farms are also steadily increasing investment in precision and smart farming methods to increase their productivity. Asia Pacific is expected to witness significant growth throughout the forecast period as major countries are focusing on to increase awareness about the benefits of precision farming methods. India and China are expected to be the major markets for agriculture sensors with presence of large agricultural land and increasing deployment of precision and smart farming methods to meet rising agricultural production demand. 

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Yield monitoring is the largest application segment for agriculture sensors. Farmers in developed market are increasingly investing in yield monitoring solutions to monitor crop yield and take necessary decision to increase productivity and reduce loses. Sensors used in irrigation applications are expected to witness considerable growth as farmers across the world are investing in advanced water management solutions.  

The global agriculture sensors industry characterized as fragmented and comprise of large number of local as well as international players in each region. Some major players in the global agriculture sensor market include Texas Instruments Inc, Auroras s.r.l., Robert Bosch GmbH, AG Leader, Avidor High Tech, Libelium Comunicaciones Distribuidas S.L, Ag Leader Technology, Sol Chip Ltd, Pycno Agriculture, CropX Inc, Trimble Inc, Sentera, LLC., The Yield Pty Ltd and others.

By Sensor Type (2016–2026; US$ Bn)

  • Mechanical Sensors
  • Physical Sensors
  • Chemical Sensors

By Application (2016–2026; US$ Bn)

  • Yield Monitoring and Mapping
  • Soil Monitoring
  • Disease Control and Detection
  • Irrigation and Water Management

By Geography Segment (2016–2026; US$ Mn)

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America

Medium Blog: https://medium.com/@kumarganesh028/agriculture-sensors-market-is-expected-to-reach-us-2-75-billion-by-2026-credence-research-bff6b159c7e6

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