IoT Precision Agriculture Sensors Market was valued at USD 2.3 Billion in 2022 and is projected to reach USD 10.2 Billion by 2030, growing at a CAGR of 25.5% from 2024 to 2030.
Looking ahead, from 2023 to 2033, the IoT Precision Agriculture Sensors Market is poised for substantial expansion. Demand for IoT sensors is expected to increase across various agricultural sectors, driven by the growing need for sustainable practices, precision farming, and automation. Advanced sensors are expected to monitor soil moisture, temperature, pH levels, and nutrient content with greater accuracy, contributing to higher productivity and reduced resource waste. This shift is expected to result in a surge in market demand, as IoT technologies enable farmers to make data-driven decisions that improve operational efficiency and crop performance.
Over the next decade, technological innovations such as the integration of artificial intelligence (AI) and machine learning (ML) into IoT devices will likely revolutionize the sector. These advancements will provide farmers with real-time insights into crop health, irrigation requirements, and pest control, allowing for more proactive management of agricultural operations. Additionally, advancements in wireless communication technologies, such as 5G, will further enhance the capabilities of IoT sensors, enabling faster data transfer and greater connectivity in remote farming areas.
While the market outlook is strong, challenges remain, including the high initial investment costs for IoT sensor systems and the need for adequate technical knowledge to effectively implement these solutions. However, as technology continues to evolve and prices decrease, the adoption of IoT sensors in agriculture is expected to increase significantly. Additionally, government initiatives and partnerships between tech companies and farmers will foster the growth of this market by making IoT solutions more accessible and affordable.
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The IoT Precision Agriculture Sensors Market from 2018 to 2022 demonstrated significant growth, driven by the increasing demand for smart farming solutions and advancements in sensor technology. With IoT applications becoming more widespread, farmers and agricultural businesses are increasingly adopting sensors for precise monitoring of crops, soil conditions, and environmental factors. The market experienced rapid development as the need for enhanced crop yields, resource efficiency, and cost reduction became crucial in modern agriculture. The period also saw considerable investments in research and development, as well as innovations aimed at improving sensor accuracy and data analytics capabilities.
Texas Instruments
CropX
Auroras
Vishay
Mouser
Honeywell
Caipos GmbH
Bosch
CropIn Technology Solutions
Avidor High Tech
Sensaphone
Dol-Sensors
Glana Sensors
Libelium Comunicaciones Distribuidas
Monnit Corporation
Pycno agriculture
Sensoterra
Sentera
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global IoT Precision Agriculture Sensors Market
Soil Management
Climate Management
Water Management
Smart Green House
Others
Based on Types the Market is categorized into Below types that held the largest IoT Precision Agriculture Sensors market share In 2023.
Location Sensors
Humidity Sensors
Electrochemical Sensors
Mechanical Sensors
Airflow Sensors
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global IoT Precision Agriculture Sensors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global IoT Precision Agriculture Sensors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IoT Precision Agriculture Sensors Market, By Type
6. Global IoT Precision Agriculture Sensors Market, By Application
7. Global IoT Precision Agriculture Sensors Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global IoT Precision Agriculture Sensors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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