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Global Agriculture IoT Sensors Market was Valued at US$ 7.8 Bn in 2021, At an CAGR of 9.7% Over the Forecast Period (2022 – 2030); A Report by Absolute Markets Insights

Published On 09 Jun 2022 02:08 PM


Technology has definitely proven to be a boon for several industries and how can agriculture sector be left behind. The ancient occupation has gained rapid impetus as soon it was introduced with the world of technology. Several issues which were considered difficult to solve, are now resolved in seconds thanks to the latest technologies, which are now available in almost every corner of this world. The Internet of Things (IoT), which was said to be one of the biggest things when it came into paper is proving everyone right and is revolutionizing the agriculture sector. Among many farming or cattle related issues, the continuously rising population is creating a pressure on farmers to produce higher yield. Along with this, the demand for high-quality agro products is at an all-time high and this rampantly drives the growth of the agriculture IoT sensors market. Farmers today are more focused on resolving issues like monitoring livestock, diminishing arable land, constantly rising demand for devices that prove helpful in adoption of aquaculture monitoring. This directly contributes to the growth of this market.

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While IoT technology is very delicate and effective, it is also something that not all can adopt. IoT sensors are extremely expensive, which automatically makes the deployment procedure more costly. This is the biggest restraining factor for this market that significantly dents its growth. The recent COVID-19 pandemic which rattled the globe had an adverse impact on the agriculture IoT sensors market’s growth. Disturbed supply chain and unavailability of logistic services due to curbs imposed to curtail the spread of the dreadful virus, directly impacted this market.

Irrespective of such hurdles, the agriculture IoT sensors market is forecasted to witness rapid growth owing to several government initiatives that are being introduced to promote farming. To tackle these issues of population growth and high demand for quality agro products, government bodies across the globe want more people to take up farming or raise livestock.

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Key Takeaways – Global Agriculture IoT Sensors Market: 

  • Irrespective of the size of the farms, many farmers are now turning towards IoT-based solutions and this is swiftly driving the growth of the agriculture IoT sensors market.
  • Latest and smart technologies are helpful in taking up profits, improving sustainability along with safeguarding the environment by reducing use of resources like water, energy and fertilizers.
  • Deteriorating land or soil quality is a big issue and the implementation of latest technology does help is resolving this.
  • The region of Asia Pacific is forecasted to witness growth at the fastest rate for the agriculture IoT sensors market. Increased government support in countries like India and China to those taking up agriculture as occupation drives the growth of this market.

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Some of the major players operating in the global agriculture IoT sensors market are listed below:

  • AKVA Group
  • Behr Technologies
  • Cisco Systems, Inc.
  • Deere & Company.
  • DeLaval
  • Digital Matter
  • Hitachi, Ltd
  • Raven Industries
  • SlantRange, Inc.
  • Telit
  • Tetra Laval International
  • The Climate Corporation
  • Trimble Inc.
  • Other Market Participants

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Global Agriculture IoT Sensors Market

By Farm Type

  • Large
  • Mid-Sized
  • Small Farms

By Sensor Type

  • Optical
  • Mechanical
  • Electrochemical
  • Dielectric
  • Location
  • Airflow
  • Others

By Application

  • Precision Farming
  • Precision Livestock and Aquaculture
  • Monitor Climatic Conditions
  • Crop Management
  • Predictive Analysis
  • Smart Greenhouses
  • Others

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)

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Press Release Provided By: Absolute Markets Insights