The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising agricultural sector implementation is likely to boost innovation in remote sensing technology for agriculture manufacturing, propelling the market during the forecast period.

The global remote sensing technology for agriculture market is expected to grow from $1.67 billion in 2022 to $1.83 billion in 2023 at a compound annual growth rate (CAGR) of 9.5The global remote sensing technology for agriculture market size is expected to reach $2.51 billion in 2027 at a CAGR of 8.3%.

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Global Remote Sensing Technology For Agriculture Market Segments Include:

• By Component: Hardware, Software, Services
• By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Inventory Management, Farm Labour Management, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global remote sensing technology for agriculture market in 2021.

Major Market Players in the remote sensing technology for agriculture market include Yara International ASA, Koch Ag & Energy Solutions, Coromandel International Limited, Agriculture Solutions Inc., Hafia Groups, Sapec Agro S.A, Kugler, ICL Group Ltd.

Strategic partnerships are a prevalent trend in the remote sensing technologies for agriculture business. Partnerships are being formed between major corporations in the remote sensing technologies for agriculture market in order to develop agricultural practises. For example, in January 2022, General Mills Inc, a US-based multinational manufacturer, teamed with Regrow Agriculture Inc, a UK-based agricultural remote sensing technology company. This collaboration intends to examine agricultural practises and expand their global prospects. Furthermore, in November 2020, Netafim, an Israeli manufacturer of irrigation equipment, teamed with Flurosat, an Australian business that specialises in agricultural remote sensing technologies. The goal of this collaboration is to use remote sensing technologies to make reliable irrigation, fertigation, crop management, and other agricultural practises.

The Remote Sensing Technology For Agriculture Global Market Report 2023 provides a remote sensing technology for agriculture market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The remote sensing technology for agriculture market forecast analyzes remote sensing technology for agriculture market size, remote sensing technology for agriculture market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The use of satellite imagery to collect photos of a field over time so that the grower can analyse the data and take action to boost crop output is referred to as remote sensing technology for agriculture.

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