Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21 Billion | USD 59 Billion | 16% | 2023 |
FrequentlyAsked Questions
Smart agriculture sensors are tools utilized in modern farming, thereby helping farmers optimize their functions through real-time data collection and analysis.
The global smart agriculture sensors market's growth over the forecast period can be attributed to government subsidies and surging food demand.
According to a study, the global smart agriculture sensors industry size was $21 billion in 2023 and is projected to reach $59 billion by the end of 2032.
The global smart agriculture sensors market is anticipated to record a CAGR of nearly 16% from 2024 to 2032.
The European smart agriculture sensors industry is set to register the fastest CAGR over the forecasting timeline owing to favorable government project implementation, such as LIFE GAIA Sense, which offers funds to farmers to deploy smart agriculture sensors to monitor soil moisture contents and plant health and improve the efficiency of crop management activities.
The global smart agriculture sensors market is led by 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., and Topcon Positioning Systems.
The global smart agriculture sensors market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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