Agriculture Sensing and Monitoring Devices Market was valued at USD 3.2 Billion in 2022 and is projected to reach USD 12.3 Billion by 2030, growing at a CAGR of 18.4% from 2024 to 2030.
The agriculture sensing and monitoring devices market was valued at approximately USD 2.4 billion in 2022. This market is projected to experience a robust growth rate with a compound annual growth rate (CAGR) of 14.7% from 2023 to 2030. The increasing adoption of precision agriculture practices and advancements in sensor technologies are significant drivers of this growth. Technologies such as IoT, AI, and advanced analytics are transforming traditional farming methods, making them more efficient and data-driven. The market is expanding as farmers and agricultural businesses seek innovative solutions for optimizing crop yields, monitoring soil health, and managing resources more effectively.
Opportunities in the agriculture sensing and monitoring devices market are vast, particularly in emerging regions where agricultural practices are evolving rapidly. Countries in Asia-Pacific and Latin America are witnessing heightened investments in agricultural technology due to the need for enhanced productivity and sustainability. The integration of remote sensing technologies and data analytics is expected to create substantial opportunities for growth, as these technologies offer valuable insights into crop health, pest management, and environmental conditions. Furthermore, government initiatives supporting smart farming and sustainable agriculture are likely to drive market expansion and attract significant investments in this sector.
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Ag Leader Technology
AgJunction
CropMetrics LLC
Trimble
AGCO Corporation
Raven Industries
Agribotix LLC
Deere and Company
DICKEY-john Corporation
Farmers Edge
Grownetics
Granular
SST Development Group
The Climate Corporation (Monsanto Company)
Topcon Corporation
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 Agriculture Sensing and Monitoring Devices Market
Yield monitoring
Field mapping
Crop scouting
Based on Types the Market is categorized into Below types that held the largest Agriculture Sensing and Monitoring Devices market share In 2023.
Automation & control systems
Sensing devices
Antennas/access points
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 Agriculture Sensing and Monitoring Devices 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 Agriculture Sensing and Monitoring Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Agriculture Sensing and Monitoring Devices Market, By Type
6. Global Agriculture Sensing and Monitoring Devices Market, By Application
7. Global Agriculture Sensing and Monitoring Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Agriculture Sensing and Monitoring Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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