In-Depth Study of the Agricultural Sensors Market by Key Players 2022-2030 – Muleskinner

New York, (USA): – The global agricultural sensor market size was US$ 1.6 billion in 2021. The global agricultural sensor market is expected to reach US$ 4.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 11.4% during the forecast period of 2022 to 2030.

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Agricultural sensors are used in contemporary agriculture, such as precision farming. It helps provide information to farmers so they can effectively monitor and optimize crops and modify plans based on changing environmental circumstances. These sensors have a specific process to operate.

Factors influencing the market

The increasing penetration of smart technologies in the agricultural sector will drive the growth of the agricultural sensors market over the study period. Technologies in the agricultural sector can effectively help farmers increase productivity and reduce overhead. Apart from this, it also reduces the labor cost which will benefit the agricultural sensor market over the forecast period.

Some of the causes that limit agriculture include depletion of natural resources and environmental degradation. Farmers are encouraged to focus on sustainable farming methods such as resource conservation due to growing environmental concerns. Thus, it will bring lucrative growth opportunities for the agricultural sensors market to increase crop nutrition and protection.
On the other hand, lack of knowledge about agricultural sensors may limit the growth of the agricultural sensors market over the study period.

COVID-19 Impact Analysis

Due to the COVID-19 pandemic, the demand for agricultural sensors has declined. In addition, the pandemic particularly affected the market’s supply chain during the initial phase. However, companies have begun to explore new ways to interact with farmers, which has broadened the range of innovations on the market. Wireless platforms have grown in popularity to monitor crops and make decisions based on conditions. Thus, the COVID-19 pandemic has opened doors of opportunities for the agricultural sensors market.

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Regional analysis

North America is expected to dominate the agricultural sensor market, owing to the increasing contribution from countries like the United States and Canada. In addition, the region’s growing population and increasing adoption of smart farming practices are expected to benefit the overall agricultural sensors market over the study period. Apart from this, factors such as reduction in labor levels, consolidation of agricultural holdings and high demand for productivity in the region are expected to accelerate the growth of the agricultural sensor market during the period of study.

Market competitors
• American Sensor Technologies, Inc.
• Automata, Inc., (USA)
• Avir sensors, (USA)
• BioForce Nanosciences Holdings, Inc., (United States)
• Coastal Environmental Systems, Inc., (USA)
• ESI Environmental Sensors Inc., (Canada)
• Measurement Specialties Inc., (USA)
• MEMSIC Inc., (United States)
• Meridian Environmental Technology, Inc., (USA)
• STMicroelectronics NV, (Switzerland)
• Sutron Corporation, (USA)
• The Toro company, (United States)
• Other top players

Market segmentation
The global agricultural sensors market segmentation focuses on technology, offerings, and region.

By type of technology
• Performance tracking and mapping
• Soil monitoring
• Disease control and detection
• Watering
• Water Management

By offers
• Hardware-Sensors
• Yield monitors
• Software
• Services

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By regional perspectives
● North America
o United States
o Canada
o Mexico
▪ Western Europe
o United Kingdom
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia-Pacific
o China
o India
o Japan
o Australia and New Zealand
o Rest of Asia-Pacific
● Middle East and Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

What is the purpose of the report?

1.The market report presents the estimated market size at the end of the forecast period. The report also examines historical and current market sizes.
2.During the forecast period, the report analyzes the growth rate, market size and market valuation.
The report outlines current industry trends and future potential for North America, Asia-Pacific, Europe, Latin America, Middle East and Africa markets.
3.The report provides a comprehensive view of the market based on geographic scope, market segmentation, and financial performance of major players.

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