DUBLIN–(BUSINESS WIRE)–The “Agricultural Sensor Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The global agricultural sensor market is projected to register a CAGR of 13.5% during the forecast period (2021-2026).
Companies Mentioned
Libelium Comunicaciones Distribuidas Sl Auroras Acquity Agriculture Pycno Agsmarts Inc. Edyn Acclima Inc. Caipos Gmbh Vegetronix Inc. Sentek Ltd Aquaspy Inc. CropX Key Market Trends
Decreased Average Number Of Labors In Indoor Farming
Indoor farming techniques demand new techniques to address the challenges of fluctuating climatic conditions and decreased skilled labor force. Light amounts, nutrition levels, and moisture levels can be controlled by the farmer when they are growing crops solely indoors. Sensors with small-scale control systems with robust functionality would allow businesses to better automate their systems and increased yields.
As per an article, post-adoption of sensors resulted in a reduction in the labor force by 22.0% globally in the year 2017 compared to the previous year, that can be evident to say that agricultural sensors can address the labor challenge in indoor farms. Big industrial indoor farms are using sensors that can sense water contamination, pesticidal residues etc. The combination of indoor farming and agricultural sensors are likely to enhance the production capacities of crops. This is likely to drive the agricultural sensors market in the future.
North America Dominates the Market
In 2018, North America was the largest regional market for agricultural sensors. Strong government support to increase agricultural production, availability of infrastructure support, and acceptance of smart and precession farming methods increased the deployment of advanced farming solutions. In North America, the adoption of soil moisture sensors has rapidly increased. Soil moisture instruments used in the sports turf segment for more efficient monitoring and conversion of turfgrass.
Studies indicate that the adoption of sensor helps farmers to minimize drought stress, reduces maintenance and labor cost of protected cultivation by 20%, at least. The U.S. is the early adopter of precision farming technologies, which is the primary factor responsible for the region’s most significant share in the global market. A considerable acceptance of modern agriculture methods by Canada is contributing to industry growth.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 Type
5.2 Application
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
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