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Report on How AI is Driving Market Transformation 
The agriculture sensing and monitoring devices market size is forecast to increase by USD 620.7 million at a CAGR of 8.37% between 2023 and 2028. The market is witnessing significant growth due to the increasing adoption of precision farming methods and smart agricultural practices. These advanced techniques require sensor-based technologies to monitor crop health, soil moisture, and weather conditions in real-time. The sports turf segment is also adopting these devices to maintain optimal growing conditions. However, high costs for technology adoption remain a challenge. Drought stress and the need for protected cultivation are driving the demand for these devices, as farmers seek to maximize yields and minimize losses. Cellular devices and sensor networks are enabling farmers to monitor their crops remotely, making agriculture more efficient and productive. Smart farming is the future, and agriculture sensing and monitoring devices are essential tools in achieving this goal.
The agriculture industry in North America is undergoing a significant shift towards technology-driven farming practices, with sensing and monitoring devices playing a pivotal role in optimizing agricultural production. This transformation is driven by the need to increase productivity, improve crop health, and adapt to changing environmental conditions. Agriculture sensing and monitoring devices are revolutionizing farming practices by providing real-time data on various agricultural parameters. These devices include location sensors, satellite remote sensing, drone remote sensing, ground IoT data, and wireless platforms. By collecting and analyzing data on environmental conditions, soil condition monitoring, and crop health, farmers can make informed decisions to enhance their yield and ensure optimum production.
Furthermore, precision agriculture is a key application area for agriculture sensing and monitoring devices. Yield monitoring, crop health monitoring, field mapping, and weather forecasting are some of the critical functions that precision farming relies on to maximize productivity. Real-time decision-making is a significant advantage of these devices, enabling farmers to respond promptly to changing conditions and minimize losses. Environmental conditions, including temperature, humidity, and precipitation, significantly impact agricultural production. Agriculture sensing and monitoring devices help farmers stay informed about these conditions to optimize irrigation, fertilizer application, and other farming practices. Soil condition monitoring is another essential function of these devices, as soil health is a critical determinant of crop yield.
Similarly, smart agriculture is the future of farming, and agriculture sensing and monitoring devices are a crucial component of this vision. By integrating data from various sensors and platforms, farmers can gain a comprehensive understanding of their farm's conditions and make data-driven decisions to improve productivity and efficiency. The increasing food demand and the need to make optimal use of arable land are driving the adoption of agriculture sensing and monitoring devices. Farmers are recognizing the benefits of these devices in adapting to climatic conditions and improving crop scouting. With the help of these devices, farmers can ensure they are making the most of their resources and maximizing their returns.
In conclusion, agriculture sensing and monitoring devices are transforming farming practices in North America by providing real-time data on various agricultural parameters. These devices are essential for precision agriculture, smart farming, and optimizing agricultural production. By staying informed about environmental conditions, soil condition monitoring, and crop health, farmers can make informed decisions to improve productivity, minimize losses, and adapt to changing conditions.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The crop sensing and monitoring devices segment is estimated to witness significant growth during the forecast period. In the agricultural sector, sensing and monitoring devices play a vital role in optimizing environmental conditions for crop growth. These tools are designed to assess various factors, including soil moisture, temperature, and nutrient levels, ensuring farmers can make data-driven decisions for irrigation, fertilization, and pest management. By providing real-time, location-specific data, these devices enhance productivity and resource efficiency, ultimately contributing to optimum crop production. On February 6, 2024, CropX Technologies, a leading digital agriculture solutions provider, introduced a new collaboration with Reinke Irrigation. Their latest innovation, Reinke Direct ET by CropX, focuses on improving water management through precise Evapotranspiration (ET) measurements tailored to individual crops.
Furthermore, this technology enables farmers to make informed irrigation decisions, ensuring they provide the right amount of water at the right time, thereby reducing water waste and improving overall crop yield. In the face of increasing food demand and the limited availability of arable land, the implementation of advanced agricultural technologies like crop sensing and monitoring devices is crucial for maintaining productivity and resource efficiency. Crop scouting and continuous monitoring of crop health and growth conditions are essential practices for farmers seeking to maximize their returns and meet the growing demand for food production.
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The crop sensing and monitoring devices segment was valued at USD 521.30 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In North America, the market is witnessing significant expansion due to technological innovations and the increasing emphasis on precision agriculture. The United States and Canada are leading the charge in implementing advanced agricultural technologies, fueled by substantial investments in research and development. This funding, part of President Biden's Investing in America agenda, aims to assist farmers, ranchers, and forest landowners in implementing and expanding conservation strategies. By enhancing natural resources and addressing climate challenges, these projects contribute to sustainable agricultural production.
Also, agricultural sensors, including location sensors and those utilizing satellite and drone remote sensing, play a crucial role in this technological evolution. These devices enable real-time decision-making by providing valuable data on crop health, soil conditions, and weather patterns. Wireless platforms and ground IoT data further facilitate seamless data collection and analysis. By integrating these technologies into their practices, farmers can optimize resource usage, minimize losses, and improve overall agricultural productivity.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising global population is boosting food demand, which is the key driver of the market. The global agriculture sector faces the challenge of feeding a growing population, with the United Nations projecting a rise from 8.2 billion in 2024 to approximately 10.3 billion by the mid-2080s. To address this issue, farmers and agricultural businesses in the United States are embracing advanced technologies to optimize crop production, resource management, and sustainability.
Furthermore, these technologies include yield monitoring, crop health monitoring, field mapping, irrigation scheduling, harvesting management, and smart farming techniques. Environmental regulations also play a significant role in the adoption of these solutions, particularly in indoor farming and climate control systems. Automation is a crucial aspect of these technologies, reducing the need for a skilled labor force. As the market continues to expand, it will contribute significantly to enhancing agricultural productivity and efficiency in the United States.
Growing developments in agriculture sensing and monitoring devices is the upcoming trend in the market. The market is witnessing notable expansion due to technological innovations transforming farming methods. One such advancement is the implementation of precision farming techniques, which rely on real-time data for optimal crop management. This device, integrated into Reinke center pivot irrigation systems, offers farmers precise measurements of crop water use through field-specific Evapotranspiration (ET) values. The sensor provides accurate
Additionally, actual Evapotranspiration readings without requiring additional calculations, enabling farmers to optimize irrigation practices with detailed, real-time data. In addition to water management, sensor-based technologies are also crucial for drought stress monitoring, sports turf maintenance, and protected cultivation. Smart agricultural practices, such as these are gaining popularity as farmers seek to enhance productivity and reduce resource consumption. Cellular devices and other communication technologies play a vital role in transmitting data from sensing and monitoring devices to farmers, allowing them to make informed decisions in a timely manner.
High costs for technology adoption in agriculture sensing and monitoring devices is a key challenge affecting the market growth. In the agriculture industry, the implementation of sensing and monitoring devices is becoming increasingly important to address various challenges such as labor reduction, water contamination, nutrient shortages, and disease attacks. High-tech irrigation tools, including soil moisture sensors and smart irrigation applications, play a crucial role in optimizing water usage and improving crop yields. IoT-enabled devices, which enable Real-time Monitoring of groundwater levels and infrastructure support, offer valuable insights for farmers to make informed decisions.
However, the high initial investment required for these advanced systems can be a significant barrier for farmers, particularly those with limited financial resources. The cost of comprehensive record-keeping systems, which track crops, harvests, and expenses, ranges from USD25,000 to USD35,000. Basic analytics tools, which generate reports and visualize data, typically cost between USD15,000 and USD20,000. Weather forecasting systems, essential for planning and decision-making, range from USD5,000 to USD10,000. Despite these costs, the benefits of adopting agriculture sensing and monitoring devices, such as increased efficiency, improved crop yields, and reduced environmental impact, make the investment worthwhile for many farmers.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ag Leader Technology - The company offers agricultural sensing and monitoring devices such as Yield Monitor, CartACE, Intellislope, InCommand, Agfinity, and others.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Agriculture sensing and monitoring devices are revolutionizing technology practices in agricultural production by enabling precision agriculture. These devices, which include agricultural sensors, location sensors, satellite remote sensing, and drone remote sensing, provide real-time data on crop health, yield, soil condition, and environmental conditions. Ground IoT data collected by wireless platforms facilitates smart farming techniques, allowing farmers to make optimal decisions for irrigation scheduling, harvesting management, and disease control. Environmental regulations, climatic conditions, and the need for labor reduction drive the adoption of these high-technology irrigation tools. Soil moisture sensors, smart irrigation applications, and IOT-enabled devices help conserve water and reduce water contamination from pesticide residues and nutrient shortages. Additionally, Digital Health innovations and Over the Counter (OTC) solutions are increasingly being integrated to enhance agricultural practices.
In summary, sensor-based technologies, including optical, electrochemical, and mechanical sensors, monitor soil properties and provide early warnings for drought stress, disease attacks, and pest infestations. Smart agriculture incorporates weather forecasting, real-time monitoring, and resource conservation to enhance productivity and crop yield. Indoor farming, sports turf segment, and protected cultivation also benefit from these advanced sensing and monitoring devices. Farmers can leverage cellular devices, smart agricultural practices, and physical and chemical sensors for optimum production, crop management, and livestock monitoring. Bio-acoustic sensors and fish farm monitoring systems further expand the scope of these technologies in the agricultural sector.
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Market Scope |
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Report Coverage |
Details |
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Page number |
203 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.37% |
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Market growth 2024-2028 |
USD 620.7 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.67 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 35% |
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Key countries |
US, China, Germany, France, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ag Leader Technology, AGCO Corp., Arable Labs Inc., Auroras Srl, Bayer AG, CropX Technologies Ltd., Deere and Co., DICKEY john, DTN LLC, GroGuru Inc., Hexagon AB, Murata Manufacturing Co. Ltd., Parker Hannifin Corp., Raven Industries, Inc., Sentera Inc., Syngenta Crop Protection AG, Teralytic Inc., and Trimble Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
With the growing adoption of AI across industries, Technavio has analyzed its impact on the global market for agriculture sensing and monitoring devices is crucial in advancing modern farming techniques. Artificial Intelligence (AI) is revolutionizing this sector by enhancing the performance of sensing devices, improving data collection and analysis, optimizing farm management, and increasing overall crop productivity.This analysis delves into AI's impact on the horse racing market, backed by data and real-world examples.
These insights, available exclusively through Technavio, provide an unparalleled significant impact of AI on the agriculture sensing and monitoring devices market, backed by real-world examples and data.
The report provides details of AI's impact on various segment
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Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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