The sensing devices market size for farms has the potential to grow by USD 576.42 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 13.29%.
This report provides a detailed analysis of the market by product (soil management sensing devices, water management sensing devices, and climate management sensing devices), geographic landscape (North America, Europe, APAC, South America, and MEA), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Agri-TechE
- Campbell Scientific Inc.
- E.S.I. Environmental Sensors Inc.
- Irrometer Co. Inc.
- Robert Bosch GmbH
- Stevens Water Monitoring Systems Inc.
- The Toro Co.
- Trimble Inc.
- Yara International ASA
- Yuktix Technologies
The sensing devices market for farms is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as an increase in smart farming practices to achieve growth opportunities. However, factors such as high initial costs for farmers will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the sensing devices market forecast for farms report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This sensing devices market analysis for farms report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Grab your Free Sample now to unlock further information on other key market drivers.
Sensing Devices Market for Farms: Segmentation by Geography
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32% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for sensing devices market for farms in North America. Market growth in this region will be slower than the growth of the market in other regions.
The early adoption of products with advanced technologies is one of the prime factors that will facilitate the sensing devices market growth for farms in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Sensing Devices Market for Farms: Segmentation by Product
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During the forecast period, market growth will also be driven by increasing focus on ensuring sustainable agricultural practices such as reducing greenhouse-gas emissions. Moreover, the need to improve crop yield has resulted in farmers increasing their focus on factors such as monitoring soil conditions. Hence, the soil management sensing devices segment will exhibit a fast growth rate during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the sensing devices market size for farms. Fetch actionable market insights on post COVID-19 impact on each segment.
Sensing Devices Market for Farms: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive sensing devices market growth for farms during the next five years
- Precise estimation of the sensing devices market size for farms and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the sensing devices market for farms industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sensing devices market for farms vendors
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Sensing Devices Market For Farms Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13% |
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Market growth 2021-2025 |
$ 576.42 million |
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Market structure |
Fragmented |
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YoY growth (%) |
12.65 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 32% |
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Key consumer countries |
US, Germany, France, Canada, and Australia |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Agri-TechE, Campbell Scientific Inc., E.S.I. Environmental Sensors Inc., Irrometer Co. Inc., Robert Bosch GmbH, Stevens Water Monitoring Systems Inc., The Toro Co., Trimble Inc., Yara International ASA, and Yuktix Technologies |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |