Agriculture Imaging Sensor Market
Overview and Scope
Agriculture imaging sensors refer to specialized equipment used in the agricultural sector to collect visible, near-infrared, multispectral, and hyperspectral images. These sensors are essential to contemporary farming methods because they offer useful information and insights that assist farmers in increasing crop yield, lowering input costs, and enhancing sustainability.
Sizing and Forecast
The agriculture imaging sensor market size has grown rapidly in recent years. It will grow from $1.09 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to increased demand for data-driven decision-making, global food security concerns, and integration with digital agriculture platforms.
The agriculture imaging sensor market size is expected to see rapid growth in the next few years. It will grow to $2.11 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to expansion of precision agriculture practices, demand for sustainable agriculture solutions, digital transformation in agriculture, and rapid urbanization and land use changes. Major trends in the forecast period include integration with AI and machine learning, drone-based sensing solutions, cloud-based data management and analytics, focus on sustainability and climate resilience, and emerging applications in agtech.
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Segmentation & Regional Insights
The agriculture imaging sensor market covered in this report is segmented –
1) By Product: Red, Green, Blue Sensor , Hyperspectral Sensor , Multispectral Sensor , Other Products
2) By Application: Dairy Management, Soil Management, Climate Management, Water Management, Smart Green House, Other Applications
3) By End User: Agriculture Robot Manufacturer, Agriculture Drone Manufacturer, Livestock Monitoring Equipment Manufacturer, Other End Users
North America was the largest region in the agriculture imaging sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture imaging sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of precision agriculture is expected to propel the growth of the agriculture imaging sensor market going forward. Precision agriculture refers to the application of cutting-edge technology and data analytics to agricultural production management to optimize crop yield through precise management. The adoption of precision agriculture is increasing due to several factors, including the growing demand for food and agricultural products caused by an increasing world population. Agricultural imaging sensors play a significant role in facilitating precision agriculture by furnishing farmers with immediate, comprehensive field data, empowering informed decision-making, and enhancing resource management efficiency. For instance, in August 2023, according to GeoPard Agriculture, a Germany-based developer of an agriculture analytics platform, the adoption of precision agriculture practices experienced gradual growth, starting at 25% in 2021 and subsequently rising to 27% in 2022. Therefore, the increasing adoption of precision agriculture is driving the growth of the agriculture imaging sensor market.
Key Industry Players
Major companies operating in the agriculture imaging sensor market report are Topcon Corporation; BASF SE; Bayer AG; Deere & Company; Honeywell International Inc.; Syngenta Group; Yara International ASA; CNH Industrial; Kubota Corporation; Corteva Agriscience; AGCO Corporation; Teledyne Technologies Incorporated; Trimble Inc.; FLIR Systems Inc.; Raven Industries; The Climate Corporation; Parrot SA; Ag Leader Technology; Taranis; Sentera Inc.; Farmers Edge Inc.; PrecisionHawk; MicaSense Inc.; Agribotix LLC; Slantrange Inc.
The agriculture imaging sensor market report table of contents includes:
1. Executive Summary
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