Smart Agriculture Sensors Market Size, Share, Trends, Growth and Forecast 2032

Smart Agriculture Sensors Industry Prospective:

The global smart agriculture sensors market size was evaluated at $21 billion in 2023 and is slated to hit $59 billion by the end of 2032 with a CAGR of nearly 16% between 2024 and 2032.

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Smart Agriculture Sensors Market: Overview

Smart agriculture sensors are tools utilized in modern farming. They help farmers optimize their functions through real-time data collection and analysis. Furthermore, these products assist in monitoring a wide range of environmental conditions and crop health, thereby enhancing decision-making and resource management activities.

Key Insights

• As per the analysis shared by our research analyst, the global smart agriculture sensors market is projected to expand annually at the annual growth rate of around 16% over the forecast timespan (2024-2032)
• In terms of revenue, the global smart agriculture sensors market size was evaluated at nearly $21 billion in 2023 and is expected to reach $59 billion by 2032.
• The global smart agriculture sensors market is anticipated to grow rapidly over the forecast timespan owing to technological breakthroughs along with an increase in consciousness about sustainable farming activities.
• In terms of type, the soil sensors segment is slated to register the highest CAGR over the forecast period.
• Based on application, the precision farming segment is predicted to contribute majorly towards the global industry growth in the upcoming years.
• Region-wise, the European smart agriculture sensors industry is projected to register the fastest CAGR during the projected timespan.

Smart Agriculture Sensors Market: Growth Factors

An increase in the demand for personalized farming in agriculture to boost global market trends

A surge in the acceptance of precision farming is projected to spur the expansion of the global smart agriculture sensors market. Apart from this, technological breakthroughs along with an increase in consciousness about sustainable farming activities are projected to scale up the growth of the market across the globe. Government subsidies along with the surging food demand can elevate the expansion of the market globally. In addition, the onset of new technologies such as AI and IoT will spur the growth of the global market in the coming years. 

Smart Agriculture Sensors Market: Restraints

Surging prices of the product can hinder the global industry expansion over the forecast period

Huge costs of the product along with rising maintenance charges are projected to obstruct the expansion of the global smart agriculture sensors industry. Compatibility issues, data overloading, and connectivity challenges can hinder the expansion of the global industry. Additionally, risks involving data leakage can hinder the global industry expansion in the upcoming years.

Smart Agriculture Sensors Market: Opportunities

Introduction of new kinds of sensors to boost crop output will generate new vistas of growth for the global market 

Production of new sensor technologies along with need for personalization & customization will prompt the growth of the global smart agriculture sensors market. Furthermore, the launch of dense sensor networks and the integration of sensors with farm management software will propel the expansion of the market globally.

Smart Agriculture Sensors Market: Challenges

Low product standardization can challenge the global industry expansion by 2032

Lack of uniformity in the laws used for regulating the use of product, technical complicatedness, and fluctuations witnessed in the internet connection can hit the growth of the global smart agriculture sensors industry in the upcoming years. Apart from this, changing regulations owing to regime change can obstruct the growth of the global industry in the coming decade.

Smart Agriculture Sensors Market: Segmentation

The global smart agriculture sensors market is divided into type, application, and region.                                             

In terms of type, the smart agriculture sensors market across the globe is segmented into humidity sensors, soil sensors, electrochemical sensors, optical sensors, mechanical sensors, water sensors, airflow sensors, and livestock sensors segments. Apparently, the soil sensors segment, which accumulated nearly 65% of the global market share in 2023, is anticipated to register the fastest CAGR during the coming years as a result of the major role played by soil sensors in new farming activities. Moreover, these products provide farmers with real-time data pertaining to the proportion of moisture in the soil and the requirement of nutrients in the soil to improve the yield and quality of the agricultural produce.

Based on the application, the global smart agriculture sensors industry is segmented into precision farming, smart greenhouse, livestock monitoring, and fish farm monitoring segments. Apparently, the precision farming segment, which dominated the global industry share in 2023, is predicted to account markedly toward the expansion of the industry globally in the ensuing years. This can be due to the rise in the demand for smart agriculture sensors in precision farming as it helps farmers in effectively mapping their fields, thereby assisting them in resource conservation.

Smart Agriculture Sensors Market: Report Scope

Smart Agriculture Sensors Market: Regional Insights

North America is forecast to maintain leadership status in the global market over the stipulated timeline

North America, which contributed about half of the global smart agriculture sensors market share in 2023, is slated to establish a number one position in the global market in the coming few years. In addition to this, the regional market upsurge in the coming eight years can be credited to technological breakthroughs, favorable government schemes aiding the growth of smart farming activities in the U.S., and the presence of key product manufacturers and vendors in North American countries.

The European smart agriculture sensors industry is slated to register the highest gains annually in the coming eight years. The expansion of the industry in the European continent can be subject to favorable government project implementation such as LIFE GAIA Sense for offering funds to farmers for deploying smart agriculture sensors for monitoring soil moisture contents and plant health as well as improving the efficiency of crop management activities.

Key Developments

• In February 2024, Reinke Irrigation and Crop X Technologies, a key provider of online farming services, joined hands to launch Reinke Direct ET™, a pivot-mounted smart agriculture sensor for monitoring field-specific water use for crops.
• In August 2024, Solinftec, a key player in AI solutions & sustainable farming practices, introduced a docking station in the domain of agricultural robotics.

Smart Agriculture Sensors Market: Competitive Space

The global smart agriculture sensors market profiles key players such as:

• GEA Group Aktiengesellschaft
• Argus Control Systems Limited
• AGCO Corporation
• Ag Junction Inc.
• Raven Industries
• Ag Leader Technology
• Autonomous Solutions Inc.
• CLAAS KGaA GmbH
• DICKEY-john
• Deere & Company
• Farmers Edge Inc.
• DroneDeploy
• Trimble Inc.
• BouMatic Robotics B.V.
• Granular Inc.
• Topcon Positioning Systems

The global smart agriculture sensors market is segmented as follows:

By Type

• Humidity Sensors
• Soil Sensors
• Electrochemical Sensors
• Optical Sensors
• Mechanical Sensors
• Water Sensors
• Airflow Sensors
•  Livestock Sensors

By Application

• Precision Farming
•  Smart Greenhouse
•  Livestock Monitoring
•  Fish Farm Monitoring

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa