Technavio has been monitoring the sensing devices market for farms and it is poised to grow by $ 576.42 mn during 2021-2025, progressing at a CAGR of over 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Sensing Devices Market for Farms 2021-2025 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have at Par impact on the sensing devices market for farms. The market growth in 2021 is likely to Increase compared to the market growth in 2019.
Frequently Asked Questions:
What are the major trends in the market?
Farmer focus on improving soil health is a major trend driving the growth of the market
At what rate is the market projected to grow?
The market will decelerate at a CAGR of over 13% and the incremental growth of the market is anticipated to be $ 576.42 mn
Who are the top players in the market?
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, are some of the major market participants.
What is the key market driver?
The increase in smart farming practices is one of the major factors driving the market
How big is the North America market?
The North America region will contribute 32% of the market share
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 are some of the major market participants. The increase in smart farming practices will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this sensing devices market for farms forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Sensing Devices Market for Farms 2021-2025: Segmentation
Sensing Devices Market for Farms is segmented as below:
Soil Management Sensing Devices
Water Management Sensing Devices
Climate Management Sensing Devices
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Sensing Devices Market for Farms 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The sensing devices market for farms report covers the following areas:
Sensing Devices Market for Farms Size
Sensing Devices Market for Farms Trends
Sensing Devices Market for Farms Industry Analysis
This study identifies farmer focus on improving soil health as one of the prime reasons driving the sensing devices market for farms growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Sensing Devices Market for Farms 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist sensing devices market for farms growth during the next five years
Estimation of the sensing devices market for farms size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the sensing devices market for farms across North America, Europe, APAC, South America, and MEA
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
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Soil management sensing devices - Market size and forecast 2020-2025
Water management sensing devices - Market size and forecast 2020-2025
Climate management sensing devices - Market size and forecast 2020-2025
Market opportunity by Product
COVID-19 impact and recovery for product segment
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Volume drivers – Demand led growth
Market positioning of vendors
Campbell Scientific Inc.
E.S.I. Environmental Sensors Inc.
Irrometer Co. Inc.
Robert Bosch GmbH
Stevens Water Monitoring Systems Inc.
The Toro Co.
Yara International ASA
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210127006034/en/