A recent report published by Infinium Global Research on agriculture sensor market provides an in-depth analysis of segments and sub-segments in the global as well as regional agriculture sensor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional agriculture sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global agriculture sensor market. According to the report, the global agriculture sensor market is projected to grow at a CAGR of 13.2% over the forecast period of 2019-2025.
The leading players in the agriculture sensor market are AgSmarts Inc., Auroras, Irrometer Company Inc., Delta-T Devices Ltd., Stevens Water Monitoring Systems Inc., Spectrum Technologies Inc., Robert Bosch GmbH, Sentek Ltd., AquaSpy Inc., CropX, and other companies. Companies are focusing on strategic collaborations, mergers, and acquisitions that encourage market share expansion.
The increasing deployment of advanced monitoring solutions in agriculture drives the growth of the agriculture sensor market. Manufacturers are focusing on the development of sensor solutions that can be used in small size farms. The growing adoption of smart farming practices contributes to the growth of the agriculture sensor market. The increasing need for a rise in agricultural productivity propels the growth of the agriculture sensor market. Agriculture sensors are useful to get data that helps farmers in monitoring and optimizing crops concerning changes in the environmental conditions. In addition, increasing support from key agricultural nation’s government to stimulate the adoption of precision that contributes to the growth of the agriculture sensor market. The rising use of sensors in farm machines, vehicles, and farm management systems stimulates the growth of the agriculture sensor market. On the other side, agriculture sensors require high investments at the initial stage that hampers the growth of the agriculture sensor market. Moreover, the increasing collaborations among various agrochemical companies create novel growth opportunities for the growth of the agriculture sensor market. Research and development in advanced farming promote novel opportunities in the agriculture sensor market.
Geographically, the global agriculture sensor market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to hold a dominant share in the global agriculture sensor market. The increasing adoption of smart and advanced farming methods in the U.S. contributes to the growth of the North America agriculture sensor market. Asia-Pacific is expected to grow in the global agriculture sensor market at the fastest CAGR over the forecast period. The growing awareness about precision farming methods in the Asia-Pacific region drives the growth of the agriculture sensor market in the Asia-Pacific region. Europe is also anticipated to grow in the global agriculture sensor market. India and China have the largest share in agricultural sensors due to the presence of large agricultural land.
The report on global agriculture sensor market covers segments such as type and application. On the basis of type, the sub-markets include location sensor, humidity sensor, electrochemical sensor, mechanical sensor, airflow sensor, optical sensor, soil sensor, and livestock sensor. On the basis of application, the sub-markets include dairy management, soil management, climate management, and water management.
The report provides profiles of the companies in the market such as AgSmarts Inc., Auroras, Irrometer Company Inc., Delta-T Devices Ltd., Stevens Water Monitoring Systems Inc., Spectrum Technologies Inc., Robert Bosch GmbH, Sentek Ltd., AquaSpy Inc., CropX, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of agriculture sensor market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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