Smart agriculture or precision agriculture helps farmers optimize their crop yields. With the aid of smart agriculture sensors and mapping fields, farmers gain a micro-view of their crops, enabling them to utilize their resources, such as water, seeds, fertilizer etc., much more efficiently. This also contributes to environmental conservation and preservation efforts. Smart agriculture traces its origin to the 1980s when GPS became more widely available because of which farmers were better able to track and monitor their crops.
The following top manufacturers covered in this report
Avidor High Tech
Sol Chip Ltd
The Yield Pty Ltd
By 2025, the size of smart agriculture market is expected to cross USD 12 billion; the market for smart agriculture sensors is expected to grow at a CAGR of 12.5%, and exceed USD 2.5 billion. The acceleration in growth is attributed to increased private sector investments, and incentives and subsidies being extended by the governments of various countries. Another reason for the market expansion is the implementation of AI and IoT which, by relaying real-time and up-to-date information, facilitate better monitoring of farm lands and, in turn, support the demand for smart sensor solutions in agriculture.
Farmers are also increasingly relying on drones and aircrafts for monitoring their crops and for data collection. Being cheaper and less man-power intensive than the traditional methods, this helps farmers reduce their production and labor costs. New drones are being specifically designed and developed to cater to the smart agriculture market which is expected to result in greater productivity.
The market for smart agriculture sensors can be segmented by: type, application, and geography. By type, sensors can be location sensors, optical sensors, mechanical sensors, and electrochemical sensors. Application sensors cover soil monitoring, disease detection and control, water management, and yield monitoring. The market for agriculture sensors include North America (USA and Canada), Europe (France, Germany, United Kingdom etc.), Asia Pacific (Japan, China, India, South Korea etc.), Middle East and Africa (Egypt, South Africa, GCC countries etc.), and Latin America (Brazil and the rest of Latin America).
Agriculture sensors are expected to dominate the smart agriculture market by 2025. The biggest application segment for agriculture sensors is yield monitoring as it enables farmers to maximize their crop yield. Farmers are also investing in soil moisture sensors which, by providing data on actual water consumption, help reduce water wastage and prevent exposure of crops to drought stress.
In North America, the market share of smart agriculture market is expected to exceed 25% by 2025, and the region continues to be the biggest smart agriculture sensors market. The Canadian and UK governments have introduced programs and competitions which provide millions of dollars in funding to researchers and businesses to further incentivize agricultural innovations. Developing and emerging economies are also being increasingly targeted. The target consumers are generally agriculturalists with large landholdings who can afford the initial capital investment in agriculture sensors. Due to declining cost of sensors, monitoring solutions and other smart farming technologies, the Asia Pacific region, especially China and India, are expected to record the fastest market growth. In Latin America, between 2019 and 2025, the smart agriculture sensors market is expected to grow at a CAGR of 18%. Countries in the Middle East and Africa are also moving towards adoption of smart farming techniques which is expected to generate demand for smart agriculture sensors.
In 2018, the US government enacted the Precision Agriculture Connectivity Act to cater to the needs of precision or smart agriculture sensors market in the country. In June 2018, to support smart agriculture, the UAE carried out aerial surveys and mapping of agricultural areas using drones to create an accurate and reliable agricultural database.
Table of Contents –Analysis of Key Points
Global Smart Agriculture Sensors Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
Smart Agriculture Sensors Global Market Analysis by Regions
North America Smart Agriculture Sensors by Country
Europe Smart Agriculture Sensors by Country
Asia-Pacific Smart Agriculture Sensors by Country
South America Smart Agriculture Sensors by Country
Africa and Middle East Smart Agriculture Sensors by Countries
Smart Agriculture Sensors Global Market Segment by Type
Smart Agriculture Sensors Global Market Segment by Application
Smart Agriculture Sensors Market Forecast (2019-2025)
Sales Channel, Distributors, Traders and Dealers
Research Findings and Conclusion
List of Tables and Figures
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