Agricultural Sensor Market Size

Statistics for the 2023 & 2024 Agricultural Sensor market size, created by Mordor Intelligence™ Industry Reports. Agricultural Sensor size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Agricultural Sensor Industry

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Agricultural Sensor Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 2.01 Billion
Market Size (2029) USD 3.46 Billion
CAGR (2024 - 2029) 11.50 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Agricultural Sensor Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Agricultural Sensor Market Analysis

The Agricultural Sensor Market size is estimated at USD 2.01 billion in 2024, and is expected to reach USD 3.46 billion by 2029, growing at a CAGR of 11.5% during the forecast period (2024-2029).

  • Increasing demand for agricultural production, changing technology practices, and increasing intensification, including precision agriculture, low-till management, and advanced technology, are a few factors driving the agricultural sensors market.
  • Agricultural sensors are expected to achieve complete expansion in the region. Location sensors have gained immense traction in recent years for the need for precise positioning in precision agriculture. In China, a large-scale agriculture digital zone was established in the Heilongjiang Modern Agriculture Demonstration Zone in 2018 under the motto 'Sky, Earth, and Space,' where "Sky" stood for satellite remote sensing data, "Space" for drone remote sensing data, and "Ground" for ground IoT data.
  • Many agritech companies developed innovative models for easing farming practices by focusing more on wireless platforms to enable real-time decision-making regarding yield monitoring, crop health monitoring, field mapping, irrigation scheduling, harvesting management, etc., for helping the farmers from adverse price fluctuations of their produce.
  • North America remains the largest geographical segment of the market and accounts for a major market share. High investments and wide adoption of smart farming techniques show huge potential growth for sensor farming during the forecast period. Stringent environmental regulations and the rising adoption of precision farming and yield monitoring practices by large and small farm owners to upsurge the productivity of fields are expected to drive the market.

Agricultural Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)