Global Agricultural Sensors Market

Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2020-2026

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A quick peek into the report

Market Report Coverage

Agricultural Sensors Market
Forecast Period: 2021-2026
CAGR During Forecast Period: 15.4%

Agricultural Sensors Market

Base Year

2020

Market Size in 2020

$4.18 Billion

Forecast Period

2021-2026

Value Projection and Estimation by 2026

$9.79 Billion

CAGR During Forecast Period

15.4%

Number of Tables

92

Number of Pages

168

Number of Figures

22

Market Segmentation

•    Application: Climate Management, Soil Management, Water Management, Other Applications

•    Product: Humidity Sensor, Mechanical Sensor, Optical Sensor, Water Sensor, Electrochemical Sensor, Other Sensors

Regional Segmentation

•    North America: U.S., Canada, and Mexico

•    Europe: Germany, Denamrk, Italy, Spain, and Rest-of-Europe

•    U.K.

•    Middle East and Africa: Middle East, Africa

•    China

•    Asia-Pacific and Japan: India, Japan, and Rest-of-Asia-Pacific

•    South America: Brazil, Rest-of-South America

Market Growth Drivers

•    Higher Yields in Comparison to Conventional Techniques

•    Trending Concept of Indoor Farming

•    Active Innovations by Research Institutions Backed by Government Initiatives

•    Increased Crop Failure Incidents in Conventional Farming

Market Challenges

•    Technical Disruption

•    High Volume of Produced Data

•    High Cost of Set-Up

Market Opportunities

•    Increasing Popularity of Artificial Intelligence Based Solution Providers

•    Increased Traction of Precision Farming & Indoor Farming

Key Companies Profiled

Acclima Inc., Acuity Agriculture, AgriData, AgEagle Aerial Systems Inc., BaySpec, Inc., Caipos GmbH, CropX Inc., Cubert GmbH, Digital Agriculture (Robert Bosch and BASF), FluroSat, Gamaya, HAIP Solution GmbH, Imec, Inno-spec GmbH, INO, Libelium, Precision Hawk, Pycno, The Yield Pty Ltd.

How This Report Can Add Value

This report covers major regions associated with the agricultural sensors market.

This report will help with the following objectives:

•    This report covers major regions associated with the agricultural sensors market.
•    Extensive competitive benchmarking of the top 20 players has been done to offer a holistic view of the global agricultural sensors market landscape.

Product/Innovation Strategy: The product segment helps the reader in understanding the different types of sensors for the agriculture industry and their potential globally. Moreover, the study provides the reader a detailed understanding of the operation of different sensors products (i.e., humidity sensor, water sensor, optical sensor, electrochemical sensor, etc.). These solutions enable seamless crop management, especially in large-scale commercialized farms.

Growth/Marketing Strategy: The sensors providers have opted for merger and acquisition strategy to establish dominance in the agricultural sensors market. Growth/marketing strategies will help the reader in understanding the revenue-generating strategies adopted by the players operating in the global Agricultural Sensors market. For instance, in April 2021, AgEagle announced its acquisition of Measure Inc. to provide the best-in-class drone technologies required to offer customized drone solutions. In January 2021, the same company had announced its acquisition of MicaSense to provide high precision thermal and multispectral sensors to offer aerial mapping and analytics requirements of the agriculture market.

Key Questions Answered in the Report

•    What is the estimated global agricultural sensors market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
•    What are the key trends, market drivers, and opportunities in the market pertaining to agricultural sensors and equipment?
•    What are the major restraints inhibiting the growth of the global agricultural sensors market?
•    What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
•    What is the competitive strength of the key players in the agricultural sensors market based on an analysis of their recent developments, product offerings, and regional presence?
•    How is the competitive benchmarking of the key agricultural sensors and equipment companies in the agriculture market based on the analysis of their market coverage and market potential?
•    How much revenue each of the segments is expected to record during the forecast period along with the growth percentage, in the following segments:
        o Product including equipment (humidity sensor, water sensor, optical sensor, mechanical sensor, electrochemical sensor, and others)
        o Application, including water management, soil management, climate management, and others
        o Region, including North America, the U.K., Europe, Asia-Pacific and Japan, China, the Middle East and Africa, and South America
•    Which type of players and stakeholders are operating in the market ecosystem of agricultural sensors and equipment, and what is their significance in the global market?
•    Which are the leading consortiums and associations in the global agricultural sensors market, and what are their roles in the market?
•    How does the regulatory landscape differ in different regions for agricultural sensors and equipment?

Report Summary

The market was valued at $4.18 billion in 2020, which is expected to grow with a CAGR of 15.4% and reach $9.79 billion by 2026.

Agricultural Sensors Market

Sensors used in smart farming are known as agriculture sensors. These sensors provide data that assist farmers in monitoring and optimizing crops by adapting to changes in environmental conditions. By positioning sensors, farmers can examine crop health at a micro scale, sustain resources, and reduce harsh environmental impact. The smart sensing technology enables farmers to remotely monitor their fields’ pest population on a real-time basis. This helps them take immediate action to protect their crops, utilizing online cloud services and a dashboard.

With a better adoption of alternative farming techniques, countries with low agricultural production due to climatic conditions and low arable land can reinvent their agricultural sector. This would help the countries diversify and limit their vegetable and fruit imports. The global agricultural sensors market is expected to grow more in the coming years with increased emphasis on alternative and vertical farming and increased government initiatives worldwide for uplifting the global agricultural industry.

Agricultural Sensors Market Overview

The global agricultural sensors market was valued at $4.18 billion in 2020, which is expected to grow with a CAGR of 15.4% and reach $9.79 billion by 2026. The growth is primarily attributed to increased awareness of the benefits of alternative and optimized farming techniques that entail over conventional farming. The key sensor types are humidity sensor, mechanical sensor, water sensor, optical sensor, soil sensor, and others (livestock, electrochemical, pressure) which are being widely used in the agriculture industry for water management, soil management, climate, and dairy management.

Impact of COVID-19 on Agricultural Sensors Market

The COVID-19 pandemic has had a significant impact on almost all major industries throughout the world, including the agricultural industry. The pandemic has led to economic instability throughout the world, and the GDP for all countries declined in 2020. The pandemic has interrupted normal life, and these changes have proved to act as a catalyst for technology and innovations in every sector, including agriculture. The pandemic’s potential impact on the adoption of the Internet of Things (IoT) has increased the traction of sensing technology in the agricultural sector.

Market Segmentation

Global Agricultural Sensors Market by Application

The global agricultural sensors market in the application segment is expected to be dominated by soil management. This scenario is majorly attributed to the fact that soil is the prime part of the crop plantation process. Followed by soil management is water management, which accounts for the second-highest share in the concerned market. Water management forms the second most important step in the growth process. Timely irrigation and monitoring of the water and moisture content is necessary for the crops’ healthy growth, so water management is likely to propel the application of related sensors.

Global Agricultural Sensors Market by Product

The global agricultural sensors market in the product segment is expected to be dominated by electrochemical sensors. These sensors have the highest demand as they help monitor and evaluate critical applications, including soil and water management. These sensors are likely to witness significant growth in the future years on account of the increasing demand for food production.

Global Agricultural Sensors Market by Region

North America was estimated to hold the highest share of about 24.0% in 2020, thereby accounting for a value of $1,003.9 million. The highest contributing country in the North America agricultural sensors market is the U.S. due to the prevalence of advanced technology and its implications in the farming sector to increase production. Also, North America is characterized as a tech-savvy region wherein every industry, including agriculture, is actively adopting smart technologies to achieve sustainable and efficient production.

Key Market Players and Competition Synopsis

Acclima Inc., Acuity Agriculture, AgriData, AgEagle Aerial Systems Inc., BaySpec, Inc., Caipos GmbH, CropX Inc., Cubert GmbH, Digital Agriculture (Robert Bosch and BASF), FluroSat, Gamaya, HAIP Solution GmbH, Imec, Inno-spec GmbH, INO, Libelium, Precision Hawk, Pycno, The Yield Pty Ltd.

The companies that are profiled in the report have been selected based on the selective pool of players, primarily Tier-1 (holding 50-60% of the market), mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the agricultural sensors industry.

Table of Contents

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1.1    Industry Outlook
         1.1.1    Market Definition
         1.1.2    Supply Chain Network
         1.1.3    Patent Analysis
                     1.1.3.1    Patent Analysis (by Status)
                     1.1.3.2    Patents Analysis (by Year-Wise and Status)
                     1.1.3.3    Patents Analysis (by Organization)
         1.1.4    Technological Innovation Based Case Studies
                     1.1.4.1    Soil Detection
                     1.1.4.2    Drainage Pipes Detection
                     1.1.4.3    Spray Drift Evaluation
                     1.1.4.4    Plowing Operation Archived Data
1.2    Business Dynamics
         1.2.1    Business Drivers
                     1.2.1.1    Higher Yields in Comparison to Conventional Techniques
                     1.2.1.2    Trending Concept of Indoor Farming
                     1.2.1.3    Active Innovations by Research Institutions Backed by Government Initiatives
                     1.2.1.4    Increased Crop Failure Incidents in Conventional Farming
         1.2.2    Business Challenges
                     1.2.2.1    Technical Disruption
                     1.2.2.2    High Volume of Produced Data
                     1.2.2.3    High Cost of Set-Up
         1.2.3    Business Strategies
                     1.2.3.1    Market Development
         1.2.4    Corporate Strategies
                     1.2.4.1    Mergers and Acquisitions
                     1.2.4.2    Partnerships and Joint Ventures
                     1.2.4.3    Others
         1.2.5    Business Opportunities
                     1.2.5.1    Increasing Popularity of Artificial Intelligence Based Solution Providers
                     1.2.5.2    Increased Traction of Precision Farming & Indoor Farming
          1.2.6    Impact of COVID-19 on the Global Agricultural Sensors Market

2.1    Global Agricultural Sensors Market (by Application)
         2.1.1    Climate Management
         2.1.2    Soil Management
         2.1.3    Water Management
         2.1.4    Other Applications
2.2    Demand Analysis of Global Agricultural Sensors Market (by Application)

3.1    Global Agricultural Sensors Market (by Product)
         3.1.1    Humidity Sensor
         3.1.2    Mechanical Sensor
         3.1.3    Optical Sensor
         3.1.4    Water Sensor
         3.1.5    Electrochemical Sensor
         3.1.6    Other Sensors
3.2    Demand Analysis of Global Agricultural Sensors Market (by Product)

4.1    North America
         4.1.1    Market
                     4.1.1.1    Key Agricultural Sensors Providers Operating in North America
                     4.1.1.2    Business Drivers
                     4.1.1.3    Business Challenges
         4.1.2    Application
                     4.1.2.1    North America Agricultural Sensors Market (by Application)
         4.1.3    Product
                     4.1.3.1    North America Agricultural Sensors Market (by Product)
         4.1.4    North America (by Country)
                     4.1.4.1    U.S.
                                    4.1.4.1.1    Market
                                                      4.1.4.1.1.1    Buyer Attributes
                                                      4.1.4.1.1.2    Key Agricultural Sensors Providers Operating in the U.S.
                                                      4.1.4.1.1.3    Business Challenges
                                                      4.1.4.1.1.4    Business Drivers
                                    4.1.4.1.2    Application
                                                      4.1.4.1.2.1    U.S. Agricultural Sensors Market (by Application)
                                    4.1.4.1.3    Product
                                                      4.1.4.1.3.1    U.S. Agricultural Sensors Market (by Product)
                     4.1.4.2    Canada
                                    4.1.4.2.1    Market
                                                      4.1.4.2.1.1    Buyer Attributes
                                                      4.1.4.2.1.2    Key Agricultural Sensors Providers Operating in Canada
                                                      4.1.4.2.1.3    Business Challenges
                                                      4.1.4.2.1.4    Business Drivers
                                    4.1.4.2.2    Application
                                                      4.1.4.2.2.1    Canada Agricultural Sensors Market (by Application)
                                    4.1.4.2.3    Product
                                                      4.1.4.2.3.1    Canada Agricultural Sensors Market (by Product)
                     4.1.4.3    Mexico
                                    4.1.4.3.1    Market
                                                      4.1.4.3.1.1    Buyer Attributes
                                                      4.1.4.3.1.2    Key Agricultural Sensors Providers Operating in Mexico
                                                      4.1.4.3.1.3    Business Challenges
                                                      4.1.4.3.1.4    Business Drivers
                                    4.1.4.3.2    Application
                                                      4.1.4.3.2.1    Mexico Agricultural Sensors Market (by Application)
                                    4.1.4.3.3    Product
                                                      4.1.4.3.3.1    Mexico Agricultural Sensors Market (by Product)
4.2    Europe
         4.2.1    Market
                     4.2.1.1    Key Agricultural Sensors Providers Operating in Europe
                     4.2.1.2    Business Drivers
                     4.2.1.3    Business Challenges
         4.2.2    Application
                     4.2.2.1    Europe Agricultural Sensors Market (by Application)
         4.2.3    Product
                     4.2.3.1    Europe Agricultural Sensors Market (by Product)
         4.2.4    Europe (by Country)
                     4.2.4.1    Germany
                                    4.2.4.1.1    Market
                                                      4.2.4.1.1.1    Buyer Attributes
                                                      4.2.4.1.1.2    Key Agricultural Sensors Providers Operating in Germany
                                                      4.2.4.1.1.3    Business Challenges
                                                      4.2.4.1.1.4    Business Drivers
                                    4.2.4.1.2    Application
                                                      4.2.4.1.2.1    Germany Agricultural Sensors Market (by Application)
                                    4.2.4.1.3    Product
                                                      4.2.4.1.3.1    Germany Agricultural Sensors Market (by Product)
                     4.2.4.2    Denmark
                                    4.2.4.2.1    Market
                                                      4.2.4.2.1.1    Buyer Attributes
                                                      4.2.4.2.1.2    Key Agricultural Sensors Providers in Denmark
                                                      4.2.4.2.1.3    Business Challenges
                                                      4.2.4.2.1.4    Business Drivers
                                    4.2.4.2.2    Application
                                                      4.2.4.2.2.1    Denmark Agricultural Sensors Market (by Application)
                                    4.2.4.2.3    Product
                                                      4.2.4.2.3.1    Denmark Agricultural Sensors Market (by Product)
                     4.2.4.3    Italy
                                    4.2.4.3.1    Market
                                                      4.2.4.3.1.1    Buyer Attributes
                                                      4.2.4.3.1.2    Key Agricultural Sensors Providers Operating in Italy
                                                      4.2.4.3.1.3    Business Challenges
                                                      4.2.4.3.1.4    Business Drivers
                                    4.2.4.3.2    Application
                                                      4.2.4.3.2.1    Italy Agricultural Sensors Market (by Application)
                                    4.2.4.3.3    Product
                                                      4.2.4.3.3.1    Italy Agricultural Sensors Market (by Product)
                     4.2.4.4    Spain
                                    4.2.4.4.1    Market
                                                      4.2.4.4.1.1    Buyer Attributes
                                                      4.2.4.4.1.2    Key Agricultural Sensors Providers Operating in Spain
                                                      4.2.4.4.1.3    Business Challenges
                                                      4.2.4.4.1.4    Business Drivers
                                    4.2.4.4.2    Application
                                                      4.2.4.4.2.1    Spain Agricultural Sensors Market (by Application)
                                    4.2.4.4.3    Product
                                                      4.2.4.4.3.1    Spain Agricultural Sensors Market (by Product)
                     4.2.4.5    Rest of Europe
                                    4.2.4.5.1    Application
                                                      4.2.4.5.1.1    Rest-of-Europe Agricultural Sensors Market (by Application)
                                    4.2.4.5.2    Product
                                                      4.2.4.5.2.1    Rest-of-Europe Agricultural Sensors Market (by Product)
4.3    U.K.
         4.3.1    Market
                     4.3.1.1    Buyer Attributes
                     4.3.1.2    Key Agricultural Sensors Providers Operating in the U.K.
                     4.3.1.3    Business Challenges
                     4.3.1.4    Business Drivers
         4.3.2    Application
                     4.3.2.1    U.K. Agricultural Sensors Market (by Application)
         4.3.3    Product
                     4.3.3.1    U.K. Agricultural Sensors Market (by Product)
4.4    Middle East and Africa
         4.4.1    Market
                     4.4.1.1    Key Agricultural Sensors Providers in the Middle East and Africa
                     4.4.1.2    Business Drivers
                     4.4.1.3    Business Challenges
         4.4.2    Application
                     4.4.2.1    Middle East and Africa Agricultural Sensors Market (by Application)
         4.4.3    Product
                     4.4.3.1    Middle East and Africa Agricultural Sensors Market (by Product)
         4.4.4    Middle East and Africa (by Country)
                     4.4.4.1    Middle East
                                    4.4.4.1.1    Market
                                                      4.4.4.1.1.1    Buyer Attributes
                                                      4.4.4.1.1.2    Key Agricultural Sensors Providers Operating in Middle East
                                                      4.4.4.1.1.3    Business Challenges
                                                      4.4.4.1.1.4    Business Drivers
                                    4.4.4.1.2    Application
                                                      4.4.4.1.2.1    Middle East Agricultural Sensors Market (by Application)
                                    4.4.4.1.3    Product
                                                      4.4.4.1.3.1    Middle East Agricultural Sensors Market (by Product)
                      4.4.4.2    Africa
                                    4.4.4.2.1    Market
                                                      4.4.4.2.1.1    Buyer Attributes
                                                      4.4.4.2.1.2    Key Agricultural Sensors Operating in Africa
                                                      4.4.4.2.1.3    Business Challenges
                                                      4.4.4.2.1.4    Business Drivers
                                    4.4.4.2.2    Application
                                                      4.4.4.2.2.1    Africa Agricultural Sensors Market (by Application)
                                    4.4.4.2.3    Product
                                                      4.4.4.2.3.1    Africa Agricultural Sensors Market (by Product)
4.5    China
         4.5.1    Market
                     4.5.1.1    Buyer Attributes
                     4.5.1.2    Key Agricultural Sensors Providers Operating in China
                     4.5.1.3    Business Challenges
                     4.5.1.4    Business Drivers
         4.5.2    Application
                     4.5.2.1    China Agricultural Sensors Market (by Application)
         4.5.3    Product
                     4.5.3.1    China Agricultural Sensors Market (by Product)
4.6    Asia-Pacific and Japan
         4.6.1    Market
                     4.6.1.1    Key Agricultural Sensors Providers Operating in Asia-Pacific and Japan
                     4.6.1.2    Business Drivers
                     4.6.1.3    Business Challenges
         4.6.2    Application
                     4.6.2.1    Asia-Pacific and Japan Agricultural Sensors Market (by Application)
         4.6.3    Product
                     4.6.3.1    Asia-Pacific and Japan Agricultural Sensors Market (by Product)
         4.6.4    Asia-Pacific and Japan (by Country)
                     4.6.4.1    India
                                    4.6.4.1.1    Market
                                                      4.6.4.1.1.1    Buyer Attributes
                                                      4.6.4.1.1.2    Key Agricultural Sensors Providers Operating in India
                                                      4.6.4.1.1.3    Business Challenges
                                                      4.6.4.1.1.4    Business Drivers
                                    4.6.4.1.2    Application
                                                      4.6.4.1.2.1    India Agricultural Sensors Market (by Application)
                                    4.6.4.1.3    Product
                                                      4.6.4.1.3.1    India Agricultural Sensors Market (by Product)
                     4.6.4.2    Japan
                                    4.6.4.2.1    Market
                                                      4.6.4.2.1.1    Buyer Attributes
                                                      4.6.4.2.1.2    Key Agricultural Sensors Providers Operating in Japan
                                                      4.6.4.2.1.3    Business Challenges
                                                      4.6.4.2.1.4    Business Drivers
                                    4.6.4.2.2    Application
                                                      4.6.4.2.2.1    Japan Agricultural Sensors Market (by Application)
                                    4.6.4.2.3    Product
                                                      4.6.4.2.3.1    Japan Agricultural Sensors Market (by Product)
                     4.6.4.3    Rest-of-Asia-Pacific
                                    4.6.4.3.1    Application
                                                      4.6.4.3.1.1    Rest-of-Asia-Pacific and Japan Agricultural Sensors Market (by Application)
                                    4.6.4.3.2    Product
                                                      4.6.4.3.2.1    Rest-of-Asia-Pacific and Japan Agricultural Sensors Market (by Product)
4.7    South America
         4.7.1    Market
                     4.7.1.1    Key Agricultural Sensors in South America
                     4.7.1.2    Business Drivers
                     4.7.1.3    Business Challenges
         4.7.2    Application
                     4.7.2.1    South America Agricultural Sensors Market (by Application)
         4.7.3    Product
                     4.7.3.1    South America Agricultural Sensors Market (by Product)
         4.7.4    South America (by Country)
                     4.7.4.1    Brazil
                                    4.7.4.1.1    Market
                                                      4.7.4.1.1.1    Buyer Attributes
                                                      4.7.4.1.1.2    Key Agricultural Sensors Providers Operating in Brazil
                                                      4.7.4.1.1.3    Business Challenges
                                                      4.7.4.1.1.4    Business Drivers
                                    4.7.4.1.2    Application
                                                      4.7.4.1.2.1    Brazil Agricultural Sensors Market (by Application)
                                    4.7.4.1.3    Product
                                                      4.7.4.1.3.1    Brazil Agricultural Sensors Market (by Product)
                     4.7.4.2    Rest-of-South America
                                    4.7.4.2.1    Application
                                                      4.7.4.2.1.1    Rest-of-South America Agricultural Sensors Market (by Application)
                                    4.7.4.2.2    Product
                                                      4.7.4.2.2.1    Rest-of-South America Agricultural Sensors Market (by Product)

5.1    Competitive Benchmarking
5.2    Company Profiles
         5.2.1    Acclima Inc.
                     5.2.1.1    Company Overview
                                    5.2.1.1.1    Role of Acclima Inc. in the Global Agricultural Sensors Market
                                    5.2.1.1.2    Product Portfolio
                     5.2.1.2    Strengths and Weaknesses of Acclima Inc.
         5.2.2    Acuity Agriculture
                     5.2.2.1    Company Overview
                                    5.2.2.1.1    Role of Acuity Agriculture in the Global Agricultural Sensors Market
                                    5.2.2.1.2    Product Portfolio
                     5.2.2.2    Strengths and Weaknesses of Acuity Agriculture
         5.2.3    AgriData
                     5.2.3.1    Company Overview
                                    5.2.3.1.1    Role of AgriData in the Global Agricultural Sensors Market
                                    5.2.3.1.2    Product Portfolio
                     5.2.3.2    Strengths and Weaknesses of AgriData
         5.2.4    AgEagle Aerial Systems Inc.
                     5.2.4.1    Company Overview
                                    5.2.4.1.1    Role of AgEagle Aerial Systems Inc. in the Global Agricultural Sensors Market
                                    5.2.4.1.2    Product Portfolio
                     5.2.4.2    Corporate Strategies
                                    5.2.4.2.1    Expansion
                                    5.2.4.2.2    Acquisition
                     5.2.4.3    Strengths and Weaknesses of AgEagle Aerial Systems Inc.
                     5.2.4.4    R & D Analysis
         5.2.5    BaySpec, Inc.
                     5.2.5.1    Company Overview
                                    5.2.5.1.1    Role of BaySpec, Inc. in Global Agricultural Sensors Market
                                    5.2.5.1.2    Product Portfolio
                     5.2.5.2    Strengths and Weaknesses of BaySpec, Inc.
         5.2.6    Caipos GmbH
                     5.2.6.1    Company Overview
                                    5.2.6.1.1    Role of Caipos GmbH in the Global Agricultural Sensors Market
                                    5.2.6.1.2    Product Portfolio
                     5.2.6.2    Strengths and Weaknesses of Caipos GmbH
         5.2.7    CropX Inc.
                     5.2.7.1    Company Overview
                                    5.2.7.1.1    Role of CropX Inc. in the Global Agricultural Sensors Market
                                    5.2.7.1.2    Product Portfolio
                     5.2.7.2    Corporate Strategies
                                    5.2.7.2.1    Acquisitions and Partnerships
                     5.2.7.3    Strengths and Weaknesses of CropX Inc.
         5.2.8    Cubert GmbH
                     5.2.8.1    Company Overview
                                    5.2.8.1.1    Role of Cubert GmbH in the Global Agricultural Sensors Market
                                    5.2.8.1.2    Product Portfolio
                     5.2.8.2    Strengths and Weaknesses of Cubert GmbH
         5.2.9    Digital Agriculture (Robert Bosch and BASF)
                     5.2.9.1    Company Overview
                                    5.2.9.1.1    Role of Digital Agriculture in the Global Agricultural Sensors Market
                                    5.2.9.1.2    Product Portfolio
                     5.2.9.2    Corporate Strategies
                                    5.2.9.2.1    Expansion
                     5.2.9.3    Strengths and Weaknesses of Digital Agriculture
     5.2.10    FluroSat
                   5.2.10.1    Company Overview
                                    5.2.10.1.1    Role of FluroSat in the Global Agricultural Sensors Market
                                    5.2.10.1.2    Product Portfolio
                   5.2.10.2    Business Strategies
                                    5.2.10.2.1    Product Developments
                   5.2.10.3    Corporate Strategies
                                    5.2.10.3.1    Partnership and Joint Venture
                   5.2.10.4    Strengths and Weaknesses of FluroSat
     5.2.11    Gamaya
                   5.2.11.1    Company Overview
                                    5.2.11.1.1    Role of Gamaya in the Global Agricultural Sensors Market
                                    5.2.11.1.2    Product Portfolio
                   5.2.11.2    Strengths and Weaknesses of Gamaya
     5.2.12    HAIP Solution GmbH
                   5.2.12.1    Company Overview
                                    5.2.12.1.1    Role of HAIP Solution GmbH in the Global Agricultural Sensors Market
                                    5.2.12.1.2    Product Portfolio
                   5.2.12.2    Corporate Strategies
                                    5.2.12.2.1    Partnership and Joint Venture
                    5.2.12.3    Strengths and Weaknesses of HAIP Solution GmbH
     5.2.13    Imec
                   5.2.13.1    Company Overview
                                    5.2.13.1.1    Role of Imec in the Global Agricultural Sensors Market
                                    5.2.13.1.2    Product Portfolio
                  5.2.13.2    Strengths and Weaknesses of Imec
     5.2.14    Inno-spec GmbH
                   5.2.14.1    Company Overview
                                    5.2.14.1.1    Role of Inno-spec GmbH in the Global Agricultural Sensors Market
                                    5.2.14.1.2    Product Portfolio
                   5.2.14.2    Strengths and Weaknesses of Inno-spec GmbH
     5.2.15    INO
                   5.2.15.1    Company Overview
                                    5.2.15.1.1    Role of INO in the Global Agricultural Sensors Market
                                    5.2.15.1.2    Product Portfolio
                   5.2.15.2    Strengths and Weaknesses of INO
     5.2.16    Libelium
                   5.2.16.1    Company Overview
                                    5.2.16.1.1    Role of Libelium in the Global Agricultural Sensors Market
                                    5.2.16.1.2    Product Portfolio
                   5.2.16.2    Strengths and Weaknesses of Libelium
     5.2.17    Precision Hawk
                   5.2.17.1    Company Overview
                                    5.2.17.1.1    Role of Precision Hawk in the Global Agricultural Sensors Market
                                    5.2.17.1.2    Product Portfolio
                   5.2.17.2    Strengths and Weaknesses of Precision Hawk
     5.2.18    Pycno
                   5.2.18.1    Company Overview
                                    5.2.18.1.1    Role of Pycno in the Global Agricultural Sensors Market
                                    5.2.18.1.2    Product Portfolio
                   5.2.18.2    Strengths and Weaknesses of Pycno
     5.2.19    The Yield Pty Ltd.
                   5.2.19.1    Company Overview
                                    5.2.19.1.1    Role of The Yield Pty Ltd. in the Global Agricultural Sensors Market
                                    5.2.19.1.2    Product Portfolio
                   5.2.19.2    Corporate Strategies
                                    5.2.19.2.1    Expansion
                                    5.2.19.2.2    Partnerships
                   5.2.19.3    Strengths and Weaknesses of The Yield Pty Ltd.
     5.2.20    Other Key Players

6.1    Data Sources
         6.1.1    Primary Data Sources
         6.1.2    Secondary Data Sources
         6.1.3    Data Triangulation
6.2    Market Estimation and Forecast
         6.2.1    Factors for Data Prediction and Modelling

Table 1:    Total Number of Patents by Leading Companies, January 2019– October 2021
Table 2:    Research Contributions, 2017 – July 2021
Table 3:    Business Expansion (by Company)
Table 4:    Types of Soil Sensor and Application
Table 5:    Types of Water Sensor and Application
Table 6:    Types of Other Sensors and Applications
Table 7:    Global Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 8:    Optical Sensors Offered by Key Companies in the Market
Table 9:    Product Attributes of Volumetric Water Content Sensors
Table 10:    Product Attributes of Sensors that Measure Soil Tension When Place in Soil Profile
Table 11:    Product Attributes
Table 12:    Product Application
Table 13:    Global Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 14:    Global Agricultural Sensors Market (by Region), $Million, 2020-2026
Table 15:    North America Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 16:    North America Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 17:    North America Agricultural Sensors Market (by Country), $Million, 2020-2026
Table 18:    U.S. Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 19:    U.S. Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 20:    Canada Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 21:    Canada Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 22:    Mexico Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 23:    Mexico Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 24:    Europe Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 25:    Europe Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 26:    Europe Agricultural Sensors Market (by Country), $Million, 2020-2026
Table 27:    Germany Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 28:    Germany Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 29:    Denmark Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 30:    Denmark Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 31:    Italy Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 32:    Italy Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 33:    Spain Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 34:    Spain Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 35:    Rest-of-Europe Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 36:    Rest-of-Europe Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 37:    U.K. Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 38:    U.K. Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 39:    Middle East and Africa Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 40:    Middle East and Africa Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 41:    Middle East and Africa Agricultural Sensors Market (by Country), $Million, 2020-2026
Table 42:    Middle East Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 43:    Middle East Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 44:    Africa Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 45:    Africa Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 46:    China Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 47:    China Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 48:    Asia-Pacific and Japan Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 49:    Asia-Pacific and Japan Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 50:    Asia-Pacific and Japan Agricultural Sensors Market (by Country), $Million, 2020-2026
Table 51:    India Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 52:    India Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 53:    Japan Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 54:    Japan Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 55:    Rest-of-Asia-Pacific and Japan Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 56:    Rest-of-Asia-Pacific and Japan Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 57:    South America Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 58:    South America Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 59:    South America Agricultural Sensors Market (by Country), $Million, 2020-2026
Table 60:    Brazil Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 61:    Brazil Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 62:    Rest-of-South America Agricultural Sensors Market (by Application), $Million, 2020-2026
Table 63:    Rest-of-South America Agricultural Sensors Market (by Product), $Million, 2020-2026
Table 64:    Acclima Inc.: Product Portfolio
Table 65:    Acuity Agriculture: Product Portfolio
Table 66:    AgriData: Product Portfolio
Table 67:    AgEagle Aerial Systems Inc.: Product Portfolio
Table 68:    AgEagle Aerial Systems Inc.: Expansion
Table 69:    AgEagle Aerial Systems Inc.: Acquisition
Table 70:    BaySpec, Inc.: Product Portfolio
Table 71:    Caipos GmbH: Product Portfolio
Table 72:    CropX Inc.: Product Portfolio
Table 73:    CropX Inc.: Acquisitions and Partnerships
Table 74:    Cubert GmbH: Product Portfolio
Table 75:    Digital Agriculture: Product Portfolio
Table 76:    Digital Agriculture: Expansion
Table 77:    FluroSat: Product Portfolio
Table 78:    FluroSat: Product Developments
Table 79:    FluroSat: Partnership and Joint Venture
Table 80:    Gamaya: Product Portfolio
Table 81:    HAIP Solution GmbH: Product Portfolio
Table 82:    HAIP Solution GmbH: Partnership and Joint Venture
Table 83:    Imec: Product Portfolio
Table 84:    Inno-spec GmbH: Product Portfolio
Table 85:    INO: Product Portfolio
Table 86:    Libelium: Product Portfolio
Table 87:    Precision Hawk: Product Portfolio
Table 88:    Pycno: Product Portfolio
Table 89:    The Yield Pty Ltd.: Product Portfolio
Table 90:    The Yield Pty Ltd.: Expansion/Launch
Table 91:    The Yield Pty Ltd.: Partnerships
Table 92:    Other Key Players in Global Agricultural Sensors Market

Figure 1:    Global Agricultural Sensors Market, $Billion, 2020-2026
Figure 2:    Global Agricultural Sensors Market: Market Dynamics
Figure 3:    Global Agricultural Sensors Market (by Application), $Million, 2020-2026
Figure 4:    Global Agricultural Sensors Market (by Product), $Million, 2020-2026
Figure 5:    Global Agricultural Sensors Market (by Region), $Million, 2020
Figure 6:    Global Agricultural Sensors Market Coverage
Figure 7:    Supply Chain Analysis of Global Agricultural Sensors Market
Figure 8:    Total Number of Patents for Global Agricultural Sensors Market (January 2019- October 2021)
Figure 9:    Patent Analysis (by Status), January 2019-October 2021
Figure 10:    Total Patents Filed or Granted for Global Agricultural Sensors Market (January 2019-October 2021)
Figure 11:    Patents Analysis (by Organization), January 2019-October 2021
Figure 12:    Global Damage and Loss to Agricultural Sector( by Type of Hazard), 2020
Figure 13:    Share of Key Market Strategies and Developments, January 2020– May 2021
Figure 14:    Mergers and Acquisitions (by Company), January 2019-May 2021
Figure 15:    Partnerships and Joint Ventures (by Company), January 2019–May 2021
Figure 16:    Global Agricultural Sensors Market (by Application)
Figure 17:    Global Agricultural Sensors Market (by Product)
Figure 18:    Competitive Market Matrix
Figure 19:    AgEagle Aerial Systems Inc.: R&D Analysis, 2019– 2021(First, Second Quarter)
Figure 20:    Data Triangulation
Figure 21:    Top-Down and Bottom-Up Approach
Figure 22:    Assumptions and Limitations

Market Report Coverage

Agricultural Sensors Market

Base Year

2020

Market Size in 2020

$4.18 Billion

Forecast Period

2021-2026

Value Projection and Estimation by 2026

$9.79 Billion

CAGR During Forecast Period

15.4%

Number of Tables

92

Number of Pages

168

Number of Figures

22

Market Segmentation

•    Application: Climate Management, Soil Management, Water Management, Other Applications

•    Product: Humidity Sensor, Mechanical Sensor, Optical Sensor, Water Sensor, Electrochemical Sensor, Other Sensors

Regional Segmentation

•    North America: U.S., Canada, and Mexico

•    Europe: Germany, Denamrk, Italy, Spain, and Rest-of-Europe

•    U.K.

•    Middle East and Africa: Middle East, Africa

•    China

•    Asia-Pacific and Japan: India, Japan, and Rest-of-Asia-Pacific

•    South America: Brazil, Rest-of-South America

Market Growth Drivers

•    Higher Yields in Comparison to Conventional Techniques

•    Trending Concept of Indoor Farming

•    Active Innovations by Research Institutions Backed by Government Initiatives

•    Increased Crop Failure Incidents in Conventional Farming

Market Challenges

•    Technical Disruption

•    High Volume of Produced Data

•    High Cost of Set-Up

Market Opportunities

•    Increasing Popularity of Artificial Intelligence Based Solution Providers

•    Increased Traction of Precision Farming & Indoor Farming

Key Companies Profiled

Acclima Inc., Acuity Agriculture, AgriData, AgEagle Aerial Systems Inc., BaySpec, Inc., Caipos GmbH, CropX Inc., Cubert GmbH, Digital Agriculture (Robert Bosch and BASF), FluroSat, Gamaya, HAIP Solution GmbH, Imec, Inno-spec GmbH, INO, Libelium, Precision Hawk, Pycno, The Yield Pty Ltd.

How This Report Can Add Value

This report will help with the following objectives:

•    This report covers major regions associated with the agricultural sensors market.
•    Extensive competitive benchmarking of the top 20 players has been done to offer a holistic view of the global agricultural sensors market landscape.

Product/Innovation Strategy: The product segment helps the reader in understanding the different types of sensors for the agriculture industry and their potential globally. Moreover, the study provides the reader a detailed understanding of the operation of different sensors products (i.e., humidity sensor, water sensor, optical sensor, electrochemical sensor, etc.). These solutions enable seamless crop management, especially in large-scale commercialized farms.

Growth/Marketing Strategy: The sensors providers have opted for merger and acquisition strategy to establish dominance in the agricultural sensors market. Growth/marketing strategies will help the reader in understanding the revenue-generating strategies adopted by the players operating in the global Agricultural Sensors market. For instance, in April 2021, AgEagle announced its acquisition of Measure Inc. to provide the best-in-class drone technologies required to offer customized drone solutions. In January 2021, the same company had announced its acquisition of MicaSense to provide high precision thermal and multispectral sensors to offer aerial mapping and analytics requirements of the agriculture market.

Key Questions Answered in the Report

•    What is the estimated global agricultural sensors market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
•    What are the key trends, market drivers, and opportunities in the market pertaining to agricultural sensors and equipment?
•    What are the major restraints inhibiting the growth of the global agricultural sensors market?
•    What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
•    What is the competitive strength of the key players in the agricultural sensors market based on an analysis of their recent developments, product offerings, and regional presence?
•    How is the competitive benchmarking of the key agricultural sensors and equipment companies in the agriculture market based on the analysis of their market coverage and market potential?
•    How much revenue each of the segments is expected to record during the forecast period along with the growth percentage, in the following segments:
        o Product including equipment (humidity sensor, water sensor, optical sensor, mechanical sensor, electrochemical sensor, and others)
        o Application, including water management, soil management, climate management, and others
        o Region, including North America, the U.K., Europe, Asia-Pacific and Japan, China, the Middle East and Africa, and South America
•    Which type of players and stakeholders are operating in the market ecosystem of agricultural sensors and equipment, and what is their significance in the global market?
•    Which are the leading consortiums and associations in the global agricultural sensors market, and what are their roles in the market?
•    How does the regulatory landscape differ in different regions for agricultural sensors and equipment?

Report Summary

Agricultural Sensors Market

Sensors used in smart farming are known as agriculture sensors. These sensors provide data that assist farmers in monitoring and optimizing crops by adapting to changes in environmental conditions. By positioning sensors, farmers can examine crop health at a micro scale, sustain resources, and reduce harsh environmental impact. The smart sensing technology enables farmers to remotely monitor their fields’ pest population on a real-time basis. This helps them take immediate action to protect their crops, utilizing online cloud services and a dashboard.

With a better adoption of alternative farming techniques, countries with low agricultural production due to climatic conditions and low arable land can reinvent their agricultural sector. This would help the countries diversify and limit their vegetable and fruit imports. The global agricultural sensors market is expected to grow more in the coming years with increased emphasis on alternative and vertical farming and increased government initiatives worldwide for uplifting the global agricultural industry.

Agricultural Sensors Market Overview

The global agricultural sensors market was valued at $4.18 billion in 2020, which is expected to grow with a CAGR of 15.4% and reach $9.79 billion by 2026. The growth is primarily attributed to increased awareness of the benefits of alternative and optimized farming techniques that entail over conventional farming. The key sensor types are humidity sensor, mechanical sensor, water sensor, optical sensor, soil sensor, and others (livestock, electrochemical, pressure) which are being widely used in the agriculture industry for water management, soil management, climate, and dairy management.

Impact of COVID-19 on Agricultural Sensors Market

The COVID-19 pandemic has had a significant impact on almost all major industries throughout the world, including the agricultural industry. The pandemic has led to economic instability throughout the world, and the GDP for all countries declined in 2020. The pandemic has interrupted normal life, and these changes have proved to act as a catalyst for technology and innovations in every sector, including agriculture. The pandemic’s potential impact on the adoption of the Internet of Things (IoT) has increased the traction of sensing technology in the agricultural sector.

Market Segmentation

Global Agricultural Sensors Market by Application

The global agricultural sensors market in the application segment is expected to be dominated by soil management. This scenario is majorly attributed to the fact that soil is the prime part of the crop plantation process. Followed by soil management is water management, which accounts for the second-highest share in the concerned market. Water management forms the second most important step in the growth process. Timely irrigation and monitoring of the water and moisture content is necessary for the crops’ healthy growth, so water management is likely to propel the application of related sensors.

Global Agricultural Sensors Market by Product

The global agricultural sensors market in the product segment is expected to be dominated by electrochemical sensors. These sensors have the highest demand as they help monitor and evaluate critical applications, including soil and water management. These sensors are likely to witness significant growth in the future years on account of the increasing demand for food production.

Global Agricultural Sensors Market by Region

North America was estimated to hold the highest share of about 24.0% in 2020, thereby accounting for a value of $1,003.9 million. The highest contributing country in the North America agricultural sensors market is the U.S. due to the prevalence of advanced technology and its implications in the farming sector to increase production. Also, North America is characterized as a tech-savvy region wherein every industry, including agriculture, is actively adopting smart technologies to achieve sustainable and efficient production.

Key Market Players and Competition Synopsis

Acclima Inc., Acuity Agriculture, AgriData, AgEagle Aerial Systems Inc., BaySpec, Inc., Caipos GmbH, CropX Inc., Cubert GmbH, Digital Agriculture (Robert Bosch and BASF), FluroSat, Gamaya, HAIP Solution GmbH, Imec, Inno-spec GmbH, INO, Libelium, Precision Hawk, Pycno, The Yield Pty Ltd.

The companies that are profiled in the report have been selected based on the selective pool of players, primarily Tier-1 (holding 50-60% of the market), mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the agricultural sensors industry.

FAQ's

What is the estimated growth rate of the agricultural sensors market in the coming years?

The global agricultural sensors market was valued at $4.18 billion in 2020, which is expected to grow with a CAGR of 15.4% and reach $9.79 billion by 2026.

Which are the top market players operating in the agricultural sensors market?

The top market players are Acclima Inc., Acuity Agriculture, AgriData, AgEagle Aerial Systems Inc., BaySpec, Inc., Caipos GmbH, CropX Inc., Cubert GmbH, Digital Agriculture (Robert Bosch and BASF), FluroSat, Gamaya, HAIP Solution GmbH, Imec, Inno-spec GmbH, INO, Libelium, Precision Hawk, Pycno, The Yield Pty Ltd.

What are the factors driving the growth of the agricultural sensors market?

Factors driving the growth of the agricultural sensors market are the higher yields in comparison to conventional techniques, the trending concept of indoor farming, active innovations by research institutions backed by government initiatives, and increased crop failure incidents in conventional farming.

What are the challenges restricting the growth of the agricultural sensors market?

Some of the main challenges restricting the growth of the agricultural sensors market are technical disruption, and high volume of produced data, and high cost of set-up.

What are some of the opportunities in the agricultural sensors market?

The potential opportunities that are likely to boost the growth of the agricultural sensors market are the increasing popularity of artificial intelligence-based solution providers and increased traction of precision farming & indoor farming.

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