Emerging Opportunities for Advanced Sensors in Agriculture

Emerging Opportunities for Advanced Sensors in Agriculture

Advanced sensor and IoT developments amidst increasing food security concerns are leading to transformational growth in agriculture

RELEASE DATE
20-Dec-2023
REGION
Global
Research Code: DAD0-01-00-00-00
SKU: IT_2023_467
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Description

This study explores the growth of sensor technologies and their application in the agriculture industry, particularly in the agritech sector. With sustainability becoming a global trend, governments, companies, and non-profit agencies have realized the potential offered by different sensing technologies for optimizing resource usage. Although not a new technology, recent advancements resulting in high wired/wireless network speed, reduced equipment size, and large data storage capacity have enhanced its applicability.

The report focuses on the role of sensor-based technologies of different types in molding the agriculture industry to its present form, providing an overview of sensors, including technology innovations, key players, and regional developments. It identifies the global trends and other factors driving and restraining growth in this space and highlights the opportunities emerging from the shifts in the industry for market players and stakeholders to leverage.

Key questions this study will address:
• What are the application possibilities and impact of sensors in agriculture?
• What are some of the key advancements in agritech, especially in the sensor technology segment?
• What global trends have impacted growth in agriculture?
• Which regions show high potential for agritech adoption?
• What does the funding, M&A, and partnership landscape look like in agriculture?

Table of Contents

Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Agriculture Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Methodology

Scope of Analysis

Segmentation

Growth Drivers

Growth Restraints

Sensor Technology Attractiveness Dashboard

Technology Attractiveness Dashboard

Traditional Industry with Continuing Technological Transformation

Sensors—A Brief Overview

Advanced Sensors—A Generic Architecture

Broad Sensor Classification Based on Design and Operating Principle

Sensor Types and Designs in Agriculture

Sensor Types and Designs in Agriculture (continued)

Key Emerging Innovation Trends in Sensor Technologies

Emerging Technologies and Sensor Enablers

Agriculture—Overview of Sector Ecosystem

Sensor Impacts at Various Levels of the Agriculture Sector Pipeline

Sensor-enabled Technologies Transforming Modern Agriculture

North and South America—Regional Trends and Initiatives

Asia-Pacific—Regional Trends and Initiatives

Africa and the Middle East—Regional Trends and Initiatives

Europe and West Asia—Regional Trends and Initiatives

Global Mega Trends Impacting the Agriculture Sector

Global Mega Trends Impacting the Agriculture Sector (continued)

Innovative Technology and Product Developments in Precision Agriculture

Innovative Technology Developments in Precision Agriculture (continued)

Climate Change and Food Security Concerns Driving Partnerships in Smart Agriculture

Funding and M&As in the Smart Agriculture Sector Indicate a Focus on Sustainable Farming

Companies to Collaborate—Potential Partnership Opportunities

Key Innovation/R&D Themes in Agriculture

Business Models for Modern Agriculture

Porter’s Five Forces Model

Key Technology Developments and Strategies from Major Companies and Emerging Start-ups

Strategic Insights and Roadmap

Growth Opportunity 1: Sensor-based IoT Ecosystem

Growth Opportunity 1: Sensor-based IoT Ecosystems (continued)

Growth Opportunity 2: Agritech and Farm Automation

Growth Opportunity 2: Agritech and Farm Automation (continued)

Growth Opportunity 3: Agriculture Sector Regulation and Organization

Growth Opportunity 3: Agriculture Sector Regulation and Organization (continued)

Technology Readiness Levels (TRL): Explanation

Your Next Steps

Why Frost, Why Now?

Legal Disclaimer

This study explores the growth of sensor technologies and their application in the agriculture industry, particularly in the agritech sector. With sustainability becoming a global trend, governments, companies, and non-profit agencies have realized the potential offered by different sensing technologies for optimizing resource usage. Although not a new technology, recent advancements resulting in high wired/wireless network speed, reduced equipment size, and large data storage capacity have enhanced its applicability. The report focuses on the role of sensor-based technologies of different types in molding the agriculture industry to its present form, providing an overview of sensors, including technology innovations, key players, and regional developments. It identifies the global trends and other factors driving and restraining growth in this space and highlights the opportunities emerging from the shifts in the industry for market players and stakeholders to leverage. Key questions this study will address: What are the application possibilities and impact of sensors in agriculture? What are some of the key advancements in agritech, especially in the sensor technology segment? What global trends have impacted growth in agriculture? Which regions show high potential for agritech adoption? What does the funding, M&A, and partnership landscape look like in agriculture?
More Information
Author Jacinth Matthew
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 Agriculture Industry Insights
Keyword 2 Advanced Sensor Market Dynamics
Keyword 3 Agricultural Technology Market Trends
Podcast No
WIP Number DAD0-01-00-00-00