Advanced Sensor and IoT Developments Amidst Increasing Food Security Concerns Are Leading to Transformational Growth in Agriculture
This study explores the growth of sensor technologies and their application in the agriculture industry, particularly in the agritech sector. With sustainability becoming a global trend, governments, companies, and non-profit agencies have realized the potential offered by different sensing technologies for optimizing resource usage. Although not a new technology, recent advancements resulting in high wired/wireless network speed, reduced equipment size, and large data storage capacity have enhanced its applicability.
The report focuses on the role of sensor-based technologies of different types in molding the agriculture industry to its present form, providing an overview of sensors, including technology innovations, key players, and regional developments. It identifies the global trends and other factors driving and restraining growth in this space and highlights the opportunities emerging from the shifts in the industry for market players and stakeholders to leverage.
Key questions this study will address:
- What are the application possibilities and impact of sensors in agriculture?
- What are some of the key advancements in agritech, especially in the sensor technology segment?
- What global trends have impacted growth in agriculture?
- Which regions show high potential for agritech adoption?
- What does the funding, M&A, and partnership landscape look like in agriculture?
