According to a market report by Lucintel, the future of the global agriculture sensor market looks promising with opportunities in the dairy management, soil management, climate management, water management, and smart green house markets. The global agriculture sensor market is expected to reach an estimated $3.8 billion by 2030 with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are growing use of technology for precision agriculture, growth in the use of sensor technology in farm equipment, vehicles, and management, as well as, rising support from the government and increasing farming practice modernization.
In this market, location
sensors, humidity sensors, electrochemical sensors, mechanical sensors, airflow
sensors, pressure sensors, optical sensors, water sensors, soil moisture
sensors, and livestock sensors are the major segments of agriculture sensor
market by type.
Lucintel forecast that
location sensors is expected to witness largest segment over the forecast
period because the location data provided by these sensors is used to position
precision technologies where they are most required, and these sensors are
essential to implement precision farming technologies in farming.
Within this market, soil
management will remain the largest segment because monitoring systems are being
enhanced with soil moisture sensors, continuous plant growth sensors, and
microclimate tracking.
North America is
expected to witness largest region over the forecast period because the United
States has seen a greater adoption of advanced agriculture technologies owing
to significant government backing for increasing agricultural production, the
availability of supporting infrastructure, and the acceptability of smart and
innovative farming methods.
Auroras Srl, Caipos,
Cropin Technology, Cropx, Dol-Sensors, Glana Sensors, Libelium Comunicaciones,
and Monnit are the major suppliers in the agriculture sensor market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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