Agricultural Sensors Market - Forecasts from 2023 to 2028

The agricultural sensors market was valued at US$3.315 billion in 2021

The main attributable factors in the market growth are the increasing demand for agricultural products, increasing population, technological advancements, and limited natural sources. Thus, technology should play a bigger role in producing enough agricultural products to feed the growing population. Location sensors, optical sensors, electrochemical sensors, mechanical sensors, dielectric sensors, and illumination sensors are some of the major types of agricultural sensors available in the market.

Market Drivers:

 Growing global food demandThe world population is constantly growing, and so is the food demand. As per the estimates of the UN, food demand will increase by 50% by 2050 thereby increasing the demand for agricultural sensors worldwide. The benefits of these agriculture sensors are to provide farmers with increased yield and several other benefits such as reducing nutrient depletion through monitoring soil health, maximizing water efficiency, reducing chemical and pesticide usage,  and reducing carbon dioxide emissions by lowering fuel and energy consumption. These factors tend to positively impact the agricultural sensors market size.

Wider Application

The agricultural sensors are used for various purposes such as dairy management, soil management, climate management, and water management among others. Humidity sensors are combined with weather stations to analyze the climate conditions. Nowadays APIs are getting integrated into the climate agricultural sensors to avoid destructive climate conditions. Optical and electrochemical sensors are being used for soil management. It helps in determining the O2, and CO2 contents along with the pH and other soil nutrients.  Image capturing sensors are also available in the market which helps in the detection of pests thereby providing information to farmers about the infected crop area. These wider applications along with the constant advancements aid the growth of the agricultural sensors market size.

Rapidly Changing Climate Conditions

Agriculture depends on climate conditions and weather changes. The rising temperatures and the rapid climate change adversely affected the agriculture sector. According to the Intergovernmental Panel on Climate Change, the rising heat and rainfall are degrading land thus reducing soil nutrients and organic matter which has negative effects on crop yields. There was a loss of  33.9 million hectares of cropped land in India between 2015-16 and 2021-22 due to heavy rainfall and floods as per the estimates of IMD. These adverse effects show the need for agricultural technologies including sensors to increase crop yield and enrich the soil.

Growing Technological advancement

Agricultural companies are adopting the Internet of Things (IoT) technologies for higher production capabilities. For instance, a Bengaluru-based startup Cropln provides a future-ready farming solution through its self-evolving system. Agricultural sensors can now be linked with smartphones and from there the farmers can collect and analyze the environmental parameters such as soil quality, temperatures, and other variables. This advancement will propel the agricultural sensors market growth.

Increased Research and government initiatives

According to the report of the US Department of Agriculture, site-specific management will be the driving factor for the adoption of agricultural sensors. US NIFA supports the development and implementation of robust agricultural sensors for modeling and analyzing the environmental parameters for greater crop yield. Indian Government provides financial assistance to agri-tech-based startups. For instance, in 2019 there were more than 450 startups in this sector as per the 2019 survey reports of the National Association of Software and Services Companies which has grown exponentially in the last two years.. Moreover, the Indian Government partnered with Microsoft for the development of smart agricultural AI sensors. These government schemes and their support show the market potential of agricultural sensors during the projected period.

Agriculture Sensor Products

• Renke multi-depth soil moisture sensor, a cost-effective sensor unaffected by salt ions in the soil. It is made of PVC plastic pipe and suitable for the detection of soil moisture and drought information, and real-time detection of weather, water, and rain. Moreover, it can be used to measure depths from 30 cm to 100 cm.
• Honeywell Micro Switch Force Sensor, suitable for irrigation interventions. It detects the force used by the roots in water absorption.  Its maximum operating temperature is 85º C and is enabled with a piezoresistive micro-machine silicon sensing element.

Market Developments

• In December 2021, AgSensors Solutions was formed by the collaboration of three companies namely AGD Consulting, LogiSync, and Tallgrass Technology Partners. AgSensors Solutions is a platform developed for sensor creators to design agricultural sensors and move them to the market quickly.

Segmentation:

By Type

• Humidity Sensor
• Electrochemical Sensor
• Mechanical Sensor
• Airflow Sensor
• Optical Sensor
• Pressure Sensor
• Water Sensor
• Soil Sensor
• Livestock Sensor
• Others

By Application

• Dairy Management
• Soil Management
• Climate Management
• Water Management

By Offering

• Hardware
• Software
• Services

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Others