#Soil Moisture Sensor Market Research

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Soil Moisture Sensor Market Report, Market Size, Share, Trends, Analysis By Forecast Period

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Precision Agriculture: Revolutionizing Farming Practices and Driving Global Growth (2023-2033)

The global precision agriculture market is rapidly reshaping the farming landscape, combining technology and data-driven strategies to optimize productivity and sustainability. As industries seek smarter, more efficient farming methods, precision agriculture is emerging as a game-changer.

This article delves into the upcoming trends in the precision agriculture market, its segmentation, and how diverse industries are leveraging this trend to gain a competitive edge.

Market Overview

Precision Agriculture integrates advanced technologies like IoT, GPS, AI, and drones to monitor and manage crop fields with unparalleled accuracy. The global precision agriculture market was valued at $9,591.8 million in 2023, and it is expected to grow at a CAGR of 15.71% to reach $41,265.0 million by 2033 during the forecast period of 2023-2033.

Key drivers of this growth include:

Rising demand for sustainable farming solutions.

Increased adoption of IoT and AI technologies.

Government support through subsidies and policies encouraging smart farming practices.

Upcoming Trends in Precision Agriculture

Integration of AI and Machine Learning:

Predictive analytics powered by AI provides actionable insights for weather forecasting, pest detection, and crop health monitoring.

AI-driven automation is reducing labor costs and improving decision-making.

Drones and Satellite Imagery:

Drones equipped with high-resolution cameras offer real-time data on crop conditions, soil health, and water distribution.

Satellite imagery is enabling large-scale monitoring, particularly for vast farmlands.

IoT-Enabled Smart Farming:

IoT sensors track parameters like soil moisture, temperature, and nutrient levels, allowing for precise resource allocation.

Connected devices enable farmers to control irrigation systems and machinery remotely.

Blockchain for Supply Chain Transparency:

Blockchain ensures traceability from farm to table, enhancing consumer trust and reducing food waste.

It supports compliance with stringent agricultural regulations.

Autonomous Machinery:

Self-driving tractors and harvesters are reducing labor dependency while enhancing efficiency.

Autonomous equipment is expected to account for 30% of machinery sales by 2030.

Request for sample research report on the global precision agriculture market

Key Market Segmentation

By Technology:

Guidance Systems

Remote Sensing

Variable Rate Technology (VRT)

By Application:

Crop Monitoring

Soil Management

Irrigation Management

Yield Prediction

By Region:

North America

Europe

Asia-Pacific

Rest of the World

How Industries Are Leveraging Precision Agriculture

Agriculture and Agribusiness:

Farmers are optimizing resources, improving yield, and reducing waste.

Agribusinesses are offering smart tools and platforms to enhance operational efficiency.

Technology Companies:

Companies like John Deere, IBM, and Trimble are pioneering IoT, AI, and analytics-based solutions.

Collaborations with agricultural stakeholders are accelerating innovation.

Food and Beverage Industry:

Enhanced traceability and sustainable practices appeal to eco-conscious consumers.

Precision agriculture ensures consistent supply of high-quality raw materials.

Government and Policy Makers:

Subsidies for precision farming tools and equipment are fostering adoption.

Policies promoting water conservation and carbon footprint reduction are aligning with precision agriculture initiatives.

Key Market Challenges and Opportunities

Challenges:

High Initial Costs: Advanced technologies require substantial investment, limiting adoption by small-scale farmers.

Limited Awareness: Many farmers lack knowledge about the benefits of precision agriculture.

Data Security Concerns: Dependence on cloud-based systems raises questions about data privacy.

Opportunities:

Technological Advancements: Innovations in affordable tools and platforms are making precision agriculture accessible.

Rising Global Food Demand: Precision agriculture can bridge the gap between growing demand and limited resources.

Sustainability Goals: Alignment with global environmental objectives is driving widespread adoption.

Get more insights on the Agriculture Market Research Reports.

Future of Precision Agriculture

The future of precision agriculture looks promising, with advancements in robotics, AI, and IoT driving growth. Key focus areas for the next decade include:

Expansion into emerging markets like Africa and Southeast Asia, where untapped potential exists.

Development of low-cost solutions tailored for smallholder farmers.

Greater collaboration between governments, private companies, and research institutions to promote innovation.

Conclusion

The global precision agriculture industry is at the forefront of the agricultural revolution, addressing critical challenges like resource scarcity, climate change, and rising food demand. As industries adopt precision farming technologies, they not only gain a competitive edge but also contribute to a sustainable future.

By staying ahead of trends like AI integration, IoT advancements, and autonomous machinery, stakeholders can reap significant benefits while ensuring long-term agricultural productivity.

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Trends in the IoT Node and Gateway Market 2023 - 2030

The global IoT node and gateway market size is expected to reach USD 1.13 trillion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.1% from 2023 to 2030. The market's growth is primarily fueled by the advent of 5G technology, the increasing utilization of wireless smart sensors and networks, a burgeoning market for connected devices, and the rising demand for data centers driven by the growing adoption of cloud platforms. For instance, in August 2023, Intel Corporation launched its new leading-edge chip factories at its Ocotillo campus in Chandler, Arizona. The new factories will support the growing demand for Intel’s products and provide committed capacity for Intel Foundry Services customers, thereby driving market growth over the forecast period.

The growing need for data-driven insights and automation drives the increased demand for connected devices. In sectors like healthcare, the Internet of Things (IoT)-enabled medical devices can monitor patients' vital signs in real time, providing doctors with accurate and timely information for diagnosis and treatment. In agriculture, field sensors can collect data on soil moisture, temperature, and nutrient levels, enabling farmers to make informed decisions about irrigation and fertilization.

IoT devices and gateways often operate in remote or challenging environments where wired connections are impractical. 5G’s broader coverage and improved penetration capabilities ensure that even devices in difficult-to-reach areas can stay connected, enabling applications like smart agriculture, environmental monitoring, and wildlife tracking. 5G mMTC (Massive Machine-Type Communications) capability allows for the seamless connection of many IoT devices within a small geographical area.

Manufacturing industries are embracing IoT nodes and gateways to create smarter factories with real-time monitoring of equipment and production lines, optimizing efficiency and reducing downtime. The need for real-time data processing has led to the adoption of edge computing. IoT gateways play a pivotal role by performing data preprocessing at the edge, reducing latency, and enhancing overall system responsiveness.

North America has been at the forefront of technological innovation, with a robust ecosystem of tech companies, startups, and research institutions. This environment has fostered the development of innovative IoT solutions, making it an ideal market for adoption. The region has quickly embraced emerging technologies such as 5G, edge computing, and AI, which are essential for IoT deployments. In January 2023, Cisco Systems Inc. extended its collaboration with the Grand Duchy of Luxembourg. The aim of this collaboration is to continue to support Digital Luxembourg, the Grand Duchy’s long-term digitalization movement.

IoT Node And Gateway Market Report Highlights 

North America has solidified its position as a key hub for IoT innovation and adoption, due to the advancing technological infrastructure, strong investment in IoT solutions across various industries, and a thriving ecosystem of IoT-related companies

Advancements in microelectronics have led to smaller, more power-efficient IoT nodes. This enables seamless integration into various devices and environments while extended battery life reduces maintenance needs

The growth of smart homesworldwide has been a remarkable phenomenon in recent years. Smart homes are equipped with advanced technology that enables homeowners to control their home systems remotely

The key industry players are Intel Corporation, Cisco Systems, Inc., Huawei Technologies Co. Inc., and NXP Semiconductors, among others. To maintain market share, major firms frequently engage in mergers and acquisitions as well as new product launches

IoT Node And Gateway Market Segmentation

Grand View Research has segmented the IoT node and gateway market based on component, connectivity, end-use, and region:

IoT Node & Gateway Component Outlook (Revenue, USD Billion, 2018 - 2030)

Hardware

Connectivity Integrated Circuits (ICs)

Logic Devices

Memory Devices

Processors

Sensors

Temperature Sensors

Motion Sensors

Light Sensors

Others

Software

Services

IoT Node & Gateway Connectivity Outlook (Revenue, USD Billion, 2018 - 2030)

ZigBee

Wi-Fi

Bluetooth

Z-Wave

Others

IoT Node & Gateway End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Consumer Electronics

Wearable Devices

Automotive & Transportation

BFSI

Healthcare

Retail

Building Automation

Oil & Gas

Agriculture

Aerospace & Defense

Others

IoT Node & Gateway Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Asia Pacific

China

Japan

India

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

South Africa

UAE

Order a free sample PDF of the IoT Node And Gateway Market Intelligence Study, published by Grand View Research.

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Bonsai Market Research: Dynamics, Inhibitors, and Opportunities Shaping the Future

The bonsai market, rooted in ancient traditions, has grown into a modern industry characterized by a unique blend of art, horticulture, and lifestyle. As interest in greenery and sustainable living continues to rise, the market for bonsai trees is expanding, driven by evolving consumer preferences, technological advancements, and cultural appreciation. However, this growth is not without its challenges. This article explores the key dynamics, inhibitors, and opportunities shaping the future of the bonsai market.

Market Dynamics Driving Growth

The bonsai market is experiencing a surge in popularity, thanks to its alignment with several global trends. Urbanization has led to a demand for compact and aesthetically pleasing greenery that fits within limited living spaces. Bonsai trees, known for their artistic beauty and minimal space requirements, are well-suited for this purpose.

In addition, the growing awareness of wellness and mindfulness has significantly contributed to the market’s appeal. Many people view bonsai cultivation as a therapeutic hobby that encourages patience, focus, and a connection to nature. This aligns with the broader movement toward mental well-being and holistic lifestyles.

The rise of e-commerce has also played a pivotal role in making bonsai trees more accessible. Online platforms offer a wide variety of bonsai species, care tools, and educational resources, lowering barriers for beginners while catering to experienced enthusiasts. Digital communities, including social media groups and forums, have further enhanced this accessibility, fostering a global network of bonsai lovers.

Inhibitors Hindering Market Expansion

Despite its growing popularity, the bonsai market faces several challenges that could impede its development. One major inhibitor is the perception of bonsai care as complex and time-consuming. While enthusiasts often enjoy the meticulous process of pruning and shaping, newcomers may feel intimidated by the commitment required to maintain a healthy and visually appealing bonsai tree.

Another significant challenge is the prevalence of counterfeit or low-quality bonsai trees in the market. Unsuspecting buyers may end up with poorly cultivated plants that fail to thrive, leading to dissatisfaction and potential withdrawal from the hobby.

Regulatory barriers also pose hurdles for the bonsai market. The international trade of certain bonsai species is subject to strict regulations due to concerns about invasive species and agricultural pests. This limits the availability of exotic and high-demand varieties in many regions.

Furthermore, the rising popularity of artificial plants presents a competitive threat. Faux bonsai trees, which require no maintenance, appeal to a segment of consumers looking for aesthetic greenery without the associated effort or care.

Opportunities for Future Growth

Despite these inhibitors, the bonsai market holds significant opportunities for expansion. One key avenue lies in education and awareness. Workshops, online courses, and instructional content can demystify bonsai care, making it accessible to a broader audience. Collaborations between nurseries and educational platforms can further bridge this gap, creating a new generation of bonsai enthusiasts.

The integration of technology into bonsai cultivation is another promising area. Smart pots equipped with sensors for soil moisture, temperature, and light levels can simplify care for beginners, encouraging adoption among tech-savvy consumers. Mobile apps offering step-by-step guidance and reminders for maintenance can also play a role in enhancing user experience.

Sustainability is a growing concern among consumers, and bonsai trees are uniquely positioned to capitalize on this trend. Bonsai cultivation is inherently eco-friendly, requiring minimal resources and promoting sustainable living. Businesses that adopt organic practices and emphasize sustainability in their marketing can attract environmentally conscious buyers.

Finally, the incorporation of bonsai into commercial and public spaces represents an untapped market. Hotels, restaurants, and offices are increasingly incorporating greenery into their interiors, and bonsai trees offer a sophisticated and space-efficient option. Offering customized bonsai arrangements for these spaces could open new revenue streams.

Conclusion

The bonsai market stands at the crossroads of tradition and innovation, offering a unique product that resonates with diverse consumer preferences. While challenges such as care complexity and market competition remain, the opportunities for growth are abundant. By leveraging technology, focusing on education, and aligning with sustainability and wellness trends, the bonsai market can continue to flourish, shaping a greener and more mindful future for its enthusiasts.

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Soil Moisture Sensor Market is driven by technological advancements especially in agriculture sector

Soil Moisture Sensor Market is expected to show an impressive growth rate due to technological advancements. According to a recent report by Profshare Market Research, Global Soil Moisture Sensor Market is expected to reach USD 1057.87 million by 2031, with a compound annual growth rate (CAGR) of 14.2 % between 2025 and 2031.

Access Full Report: https://www.profsharemarketresearch.com/soil-moisture-sensor-market/

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From Ground-Based Sensing to Robotics: Innovations Driving the Soil Monitoring Market

Soil monitoring is the practice of tracking the health and condition of soil over time. This can be done for a variety of reasons, including:

To assess the fertility of the soil and determine what nutrients it needs

To monitor soil moisture levels and ensure that crops are getting the water they need

To track changes in soil health over time and identify any potential problems

To comply with environmental regulations

The soil monitoring market size is estimated to be worth USD 551 million in 2022 and is projected to reach USD 1,088 million by 2027, at a CAGR of 14.6%. Efforts of governments and companies to promote sustainable agriculture practices, the pressing need to preserve soil quality, stringent government regulations pertaining to ecological stability, and the growing need for improving farm productivity to feed the rising population are some of the driving factors for the soil monitoring market.

Factors Driving the Soil Monitoring Market Growth

Progressive farmers in the US, Canada, the Netherlands, Israel, Denmark, and Australia have shown a keen interest in soil monitoring. This practice has gained widespread acceptance among farmers using irrigation, as it can optimize crop quality and maximize yields. Over-irrigation leads to shallow root patterns, causing essential nutrients to wash away and negatively impacting crop quality. As the global population continues to rise, potentially leading to food shortages, soil monitoring has become increasingly crucial. The farming community faces immense pressure to enhance agricultural output to address future food security concerns. By precisely monitoring inputs, technology helps improve crop yield per hectare, ensuring proper crop development. Effective irrigation and water management, facilitated by soil moisture sensors, contribute to higher yields and better crop quality. These sensors also make farming more profitable by conserving water and energy and significantly reducing costs.

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Government Support for Marginal Farmers to Access Advanced Soil Monitoring

Soil monitoring can help farmers economize on resources by reducing expenditures on water, fertilizers, pesticides, and other inputs. However, reliable soil monitoring sensors are costly, and growers often face a choice between high expense or compromised reliability. Significant capital investment is required to purchase these systems. While large commercial farmers can afford the high costs of soil monitoring sensors and devices to reap their benefits, small landholders struggle with the high upfront expenses. Government incentives, subsidies, or aid from donor communities can assist marginal farmers in adopting advanced soil monitoring technologies. Public sector investments in agricultural R&D have positioned the US agricultural industry as a leader in state-of-the-art technologies. The US Senate Appropriations Committee’s fiscal year 2020 agriculture appropriations bill allocated USD 23.1 billion in discretionary funding, with USD 3.172 billion specifically earmarked for agricultural research.

Ground-based monitoring systems were the most extensively used technology in the global soil monitoring market

Ground-based monitoring systems held the largest share of the soil monitoring market in 2021. The adoption of sensors and other soil monitoring devices has been increasing among progressive farmers worldwide due to the numerous benefits these sensors offer, such as enabling site-specific inputs for crops. Ground-based monitoring systems are expected to continue growing during the forecast period. The market for sensing and imagery systems is projected to grow at the highest rate between 2022 and 2027. Within this category, the satellite-based soil monitoring segment had the largest share in 2021 and is anticipated to experience significant growth during 2022–2027.

The European region held the second-largest soil monitoring market share in 2021 after the Americas and is expected to maintain its position during the forecast period. The use of digital farming techniques has become more prominent in Europe owing to advancements in the field of sensors, robotics and automation, and remote sensing technology. Soil monitoring helps farmers to utilize the technology to improve farm productivity; additionally, sensors are useful in saving water resources in other applications such as sports turf, residential irrigation, and landscaping and ground care. EU countries have signed a Declaration of Cooperation on a smart and sustainable digital agriculture future and take action to support the digitalization of agriculture. However, the APAC region is expected to witness fast growth during the forecast period owing to the high degree of agriculture technology adoption in Australia, New Zealand, and Japan, with emerging countries like India and China investing a huge amount in the digitalization of the agriculture sector.

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Top Industry Players in Soil Monitoring

Stevens Water Monitoring Systems (US)

SGS Group (Switzerland)

Meter Group (US)

Element Materials Technology (UK)

The Toro Company (US)

Campbell Scientific (US)

Sentek Technologies (Australia)

Spectrum Technologies (US)

Irrometer Company (US)

Cropx Technologies (Israel)

Acclima (US)

Aquacheck (US)

Soil Monitoring Industry News: Latest Updates and Developments

Stevens Water acquired Structure Monitoring (US) in January 2019, a provider of intelligent IoT solutions, to enhance Steven Water’s platform—Stevens-Connect.

In October 2021, SGS launched the GLP soil characterization service to help determine the chemical, physical, and biological properties that affect soil fertility.

SGS partnered with Mammoet (Netherlands) in November 2019, a global leader in lifting and transporting heavy objects, for sustainable soil stabilization in Nigeria.

In July 2020, METER Group launched 2 new data loggers—ZL6 Basic and ZL6 Pro—to its Zentra series of data loggers and will provide more options to customers to connect with their data.

Element Materials Technology Group Limited acquired FOSTA Group in July 2022, a leading geotechnical instrumentation and soil investigation specialist based in Singapore. This acquisition significantly strengthens Element’s services within the fast-growing infrastructure and environmental markets and complements its existing capabilities in Southeast Asia.

In January 2020, The Toro Company acquired Venture Products (US), a manufacturer of Ventrac products. This acquisition will support the company’s strategy to grow in the professional market with an expanded product line to cater to customers in landscape, turf, and snow and ice maintenance categories.

The soil monitoring industry is segmented by several key factors, allowing for a more granular view of this industry. Here’s a breakdown of the common segmentation types:

Offering

Hardware: This segment includes all the physical components used in soil monitoring systems, such as sensors (moisture, temperature, pH, etc.), weather stations, data loggers, and other field instruments.

Software: This segment covers the software applications used to collect, analyze, and visualize data collected by soil monitoring sensors. This software can provide farmers and land managers with insights into soil health and guide informed decisions about irrigation, fertilization, and other agricultural practices.

Services: This segment includes services such as system installation, maintenance, data analysis, and consulting. These services can be helpful for farmers and land managers who may not have the expertise or resources to manage their own soil monitoring systems.

Obtain precise market intelligence that delivers exceptional value for your investment:

Type

Sensing & Imagery: This segment includes technologies that collect data about soil conditions remotely. This can include satellite imagery, aerial photography, and other forms of remote sensing.

Ground-based Sensing: This is the most common type of soil monitoring, and it involves using sensors that are placed directly in the soil. These sensors can measure a variety of soil parameters, such as moisture content, temperature, nutrient levels, and pH.

Robotics & Telematics: This is a growing segment of the soil monitoring market that uses robots and other autonomous vehicles to collect data about soil conditions. This technology can be used to collect data over large areas of land quickly and efficiently.

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Growth Forecast of Printed Circuit Board Market for 2024-2032

A printed circuit board (PCB) is a flat board made of insulating material, often fiberglass, that supports and connects electronic components using conductive pathways etched from copper sheets. From smartphones and computers to industrial machinery and medical equipment, PCBs are now the essential components in the modern electronics industry. Accordingly, our research predicts that the Global Printed Circuit Board Market is likely to grow with a CAGR of 5.04% in the forecast period 2024-2032. As the need for advanced technologies surges, so does the demand for printed circuit boards that are efficient, reliable, and innovative.

Explore in detail about this market in our FREE sample

Printed Circuit Board Market: Innovative & Smart PCB Production

Traditional PCB manufacturing processes can be resource-intensive and generate significant waste, particularly in terms of hazardous chemicals like lead and volatile organic compounds (VOCs). In response, printed circuit board manufacturers are now exploring biodegradable materials, eco-friendly inks, and energy-efficient production methods.

Let us take a look at some interesting examples of key market players in this industry.

Biodegradable PCBs Using Natural Fibers

Companies, such as Jiva Materials in the UK, are pioneering the use of biodegradable materials in PCB production. They have developed a product called Soluboard, which replaces the traditional fiberglass substrate with natural fibers that break down in water. Soluboard is not only biodegradable but also lowers carbon emissions during production.

As per its press release, Infineon incorporates recyclable PCBs from Jiva Materials in its demo and evaluation boards to reduce electronic waste and lower its carbon footprint. Furthermore, switching from FR-4 PCB materials to Soluboard could cut carbon emissions by 60%. This change would save approximately 10.5 kg of carbon and 620 g of plastic per square meter of PCB.

Thus, by switching to biodegradable substrates, manufacturers can significantly reduce the environmental footprint of PCBs, making electronics more sustainable from the outset.

IoT-Optimized PCBs in Smart Homes

Linx Technologies, a developer of wireless IoT products, has created smart PCBs optimized for smart home applications. These PCBs feature integrated wireless modules (such as Wi-Fi, Bluetooth, and Zigbee) that allow devices like smart thermostats, lighting systems, and security cameras to communicate within a home ecosystem.

The company also partnered with a leading smart thermostat manufacturer to design a PCB that integrates multiple communication protocols, enabling the thermostat to adapt and respond to changing environmental conditions and user preferences.

Smart Agricultural PCBs for Precision Farming

As agriculture becomes more data-driven, John Deere has introduced smart PCB solutions within its precision farming equipment. These PCBs incorporate sensors and GPS modules that collect and transmit data on soil moisture, nutrient levels, and crop health. The collected data helps optimize farming practices by providing actionable insights to farmers. In one case study, John Deere implemented smart PCBs in its autonomous tractors and harvesting equipment.

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APAC to Become a Hub for PCB Manufacturing

The Asia-Pacific region is set to witness remarkable growth in PCB manufacturing due to its expanding consumer electronics and automotive industries, growing semiconductor market, and favorable government policies supporting tech infrastructure. The Asia-Pacific Printed Circuit Board Market is expected to witness the fastest growth at a CAGR of 5.64% during the forecast period.

Here’s how countries are influencing this growth:

Taiwan remains at the forefront of advanced PCB manufacturing, particularly in the high-density interconnect (HDI) and substrate-like PCB (SLP) markets. Taiwanese printed circuit board companies like Unimicron and Nan Ya PCB dominate the market, holding a significant share of the global IC substrate sector. In fact, California-based Bloom Energy has signed an agreement with Unimicron to install up to 10 MW of fuel cells at its Taiwan plants, with the installations set to be completed by 2026. These investments position the country as a key supplier for global tech giants like Apple and NVIDIA, demonstrating its pivotal role in the market’s future growth.

In addition to this, BPL launched a new PCB production unit in Bengaluru, India (June 2024), backed by a ₹20 crore investment to support commercial production of double-sided and multi-layer PCBs. Amber Enterprises recently announced plans to invest ₹2,000 crore in establishing a printed circuit board (PCB) manufacturing facility in India to meet both domestic and export demands. These efforts reflect India’s growing commitment to expanding PCB manufacturing capacity and contributing to the region’s PCB market potential.

Similarly, the South Korean government unveiled a $19 billion support package aimed at bolstering the country’s tech sector, specifically focusing on enhancing semiconductor and PCB manufacturing capabilities. This package supports companies like Samsung Electronics and SK Hynix, encouraging investments in advanced manufacturing and R&D to maintain their edge in high-performance PCBs for the electronics and automotive sectors.

Together, these countries, along with other regions like Europe and North America, are strengthening their PCB manufacturing capabilities through strategic investments, international collaborations, and technology development, ensuring their positions in the PCB Industry. Thus, the ongoing innovations and developments in this market indicate a promising future where advanced technologies and sustainable practices merge to meet global demand.

Grab a Quick Read to Get a Comprehensive Analysis of this Market

FAQs:

Q.1) How does a printed circuit board work?

Answer: A printed circuit board (PCB) is a rigid structure with embedded metal traces and planes that form electrical circuitry. Components are soldered onto metal pads connected to the circuitry, enabling interconnection.

Q.2) How are tracks made on a printed circuit board?

Answer: Chemical etching separates copper into conductive tracks, connection pads, vias for layer transitions, and features like solid conductive areas for electromagnetic shielding.

[latestmarketresearchnews]

Precision Farming Industry Growth Analysis & Forecast Research Report, 2030

The global precision farming market reached an estimated value of USD 10.50 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2030. This growth is driven largely by the widespread adoption of the Internet of Things (IoT) and advanced analytics in agriculture. Through IoT and advanced analytics, farmers can analyze and forecast data related to crop growth, soil health, and environmental conditions, ensuring more effective crop management and optimized yields. Advanced analytics, a branch of data science, provides tools and methodologies for interpreting large volumes of data, allowing farmers to plan their actions more accurately and increase agricultural productivity.

Recent technological advancements such as vertical farming, which uses carefully designed structures to maximize yields and minimize waste, have opened up numerous growth opportunities for precision farming. Additionally, investments in emerging agricultural technologies like autonomous tractors, guidance systems, and GPS-enabled sensing devices are expected to drive market expansion. Sensors such as those for soil, climate, and water are increasingly installed across agricultural fields to provide real-time data to farmers. These sensors aid in monitoring crop health, moisture levels, and other critical parameters, thus helping farmers increase crop yields while minimizing waste. Besides agriculture, these sensors are also being adopted in industries like pharmaceuticals, healthcare, automotive, and sports, showcasing their broad applicability.

Gather more insights about the market drivers, restrains and growth of the Precision Farming Market

In 2023, the North American precision farming market emerged as a strong revenue generator, fueled by the high adoption of advanced farming technologies like Variable Rate Technology (VRT) and GPS-based guidance systems for crop management. Although high investment costs pose a barrier to adoption, particularly for farmers in developing regions like China, India, and Brazil, precision farming ultimately offers substantial returns on investment. By reducing production costs and increasing operational efficiency, it provides long-term economic benefits.

The COVID-19 pandemic disrupted global supply chains, causing food shortages and inflation. These challenges emphasized the importance of a resilient food supply chain and the need for agricultural systems capable of remote operation. The pandemic underscored the role of smart farming technologies, which enable efficient agricultural management with minimal direct contact, helping farmers to recover losses quickly and contributing to the future growth of precision farming.

Application Segmentation Insights:

The yield monitoring segment held the largest revenue share, accounting for 43.25% in 2023. Yield monitoring, which helps farmers make data-driven decisions, is divided into on-farm and off-farm monitoring. On-farm yield monitoring allows farmers to access real-time data during harvest and to build historical databases to better understand field performance. This data helps farmers with landlord negotiations, environmental compliance documentation, and food safety records, making it a cornerstone of precision farming. Due to these benefits, yield monitoring is expected to remain a dominant segment.

The irrigation management segment is anticipated to grow significantly throughout the forecast period. Smart irrigation systems, using technologies like rain sensors, weather-based controllers, sensor-based controllers, and water meters, ensure the precise application of irrigation water. This minimizes water wastage and maximizes efficiency, making irrigation drones increasingly attractive for precision farming.

Weather tracking and forecasting are also set to experience notable growth, with an expected CAGR of 17.4% over the forecast period. Modern sensors, coupled with machine learning and advanced data analytics, enhance the accuracy and reliability of weather forecasts. Accurate weather forecasting helps farmers make timely decisions regarding planting, irrigation, and harvesting, directly impacting crop health and yield. As precision farming becomes more integrated with advanced forecasting tools, it is poised to transform the agriculture sector through enhanced productivity and efficiency.

Order a free sample PDF of the Precision Farming Market Intelligence Study, published by Grand View Research.

[qqri]

How Agriculture Market Research Companies Drive Innovation in Farming

In today’s rapidly evolving world, the agriculture sector faces both challenges and opportunities. Climate change, resource limitations, and the growing global population demand innovative farming solutions to ensure sustainable food production. This is where agriculture market research companies like Q&Q Research Insights play a pivotal role. By offering in-depth insights into market trends, consumer preferences, and technological advancements, these companies drive innovation in farming, shaping the future of agriculture.

Understanding the Agriculture Market

The agriculture market is a complex ecosystem involving farmers, consumers, governments, and agribusinesses. Market research companies like Q&Q Research Insights analyze various factors, such as consumer demand, pricing strategies, supply chain efficiency, and environmental impact. This data-driven approach allows farmers and agribusinesses to make informed decisions that enhance productivity and sustainability.

Market research is essential for understanding current trends and identifying future opportunities. By analyzing consumer preferences and predicting shifts in demand, agriculture market research companies help farmers adapt to changing market dynamics. This proactive approach leads to the adoption of innovative farming practices that improve crop yields and minimize environmental impact.

Innovation Through Technology

One of the key ways that Q&Q Research Insights drives innovation in farming is by identifying emerging technologies. Precision agriculture, for example, is revolutionizing the industry by allowing farmers to use data-driven techniques to optimize crop production. Drones, sensors, and satellite imagery provide real-time data on soil health, moisture levels, and pest infestations. With this information, farmers can make precise decisions about irrigation, fertilization, and pest control.

Q&Q Research Insights helps farmers identify which technologies offer the most value and how to integrate them into their operations. This not only improves efficiency but also reduces resource wastage, making farming more sustainable.

Sustainable Farming Practices

Sustainability is a growing concern in the agriculture industry. Q&Q Research Insights plays a critical role in helping farmers adopt eco-friendly practices that align with global sustainability goals. By researching market trends and regulatory requirements, they guide farmers on reducing their carbon footprint, conserving water, and using fewer chemical inputs. These practices not only benefit the environment but also improve the farm's profitability by reducing costs and increasing market demand for sustainably grown products.

Adapting to Consumer Preferences

Consumer preferences are constantly evolving, with a growing demand for organic and sustainably sourced products. Agriculture market research companies like Q&Q Research Insights help farmers and agribusinesses stay ahead of these changes. By analyzing consumer behavior and predicting future trends, they provide valuable insights into product development and marketing strategies.

For example, if there is an increasing demand for organic produce, farmers can shift to organic farming methods. This alignment with consumer demand helps farmers access premium markets and boost profitability.

Conclusion

Innovation is the key to addressing the challenges facing the agriculture sector today. Agriculture market research companies like Q&Q Research Insights play a crucial role in driving this innovation by providing data-driven insights and identifying emerging trends. From adopting advanced technologies to promoting sustainable farming practices, market research empowers farmers to make informed decisions that improve productivity and sustainability. As the agriculture industry continues to evolve, companies like Q&Q Research Insights will remain at the forefront of shaping a more sustainable and efficient future for farming.

[brazenskies]

Growing High-Value Crops on Farm Land for Sale in Florida

Growing high-value crops on farm land for sale in Florida offers immense potential for profitability and sustainability. With its warm climate, diverse ecosystems, and fertile soil, Florida is ideal for cultivating premium crops such as strawberries, blueberries, and avocados. Farmers can take advantage of year-round growing seasons, innovative agricultural techniques, and access to robust markets. Investing in this land not only supports lucrative farming ventures but also contributes to the state's vibrant agricultural economy and the demand for fresh produce.

Introduction to High-Value Crop Opportunities on Farm Land for Sale in Florida

Florida's warm climate and fertile soil create an ideal environment for growing high-value crops. This makes farm land for sale in Florida particularly appealing to both seasoned farmers and newcomers looking to maximise their investment. By exploring high-value crops, you can tap into lucrative markets and enhance the sustainability of your farming practices.

Advantages of Florida's Climate for Crop Production on Farm Land for Sale in Florida

The state's subtropical climate provides a long growing season, allowing for multiple harvests throughout the year. With abundant sunshine and well-distributed rainfall, farmers can cultivate a variety of high-value crops such as strawberries, blueberries, and citrus fruits. This climatic advantage sets Florida apart as a prime location for crop production on farm land for sale in Florida.

Selecting High-Value Crops for Profitability on Farm Land for Sale in Florida

When considering farm land for sale in Florida, it’s essential to choose crops that offer the best return on investment. High-value crops include specialty fruits, vegetables, and herbs that are in high demand in both local and international markets. Researching market trends and consumer preferences will help identify the most profitable crops for your specific land.

Sustainable Farming Practices on Farm Land for Sale in Florida

Implementing sustainable farming practices can significantly enhance the profitability of high-value crops. Techniques such as crop rotation, organic farming, and integrated pest management not only improve soil health but also increase yield quality. By investing in sustainable practices, farmers can build a reputable brand and attract environmentally conscious consumers in the market for farm land for sale in Florida.

Leveraging Technology for High-Value Crop Production on Farm Land for Sale in Florida

Modern technology plays a crucial role in maximising crop yields and efficiency. Precision agriculture tools, such as soil moisture sensors and drones, can help monitor crop health and optimise irrigation. Utilising these technologies can enhance the overall productivity of farm land for sale in Florida, ensuring that high-value crops flourish.

Access to Markets for High-Value Crops Grown on Farm Land for Sale in Florida

Florida's strategic location provides easy access to major markets, including metropolitan areas and export routes. Farmers can benefit from direct-to-consumer sales at farmers' markets and online platforms, as well as partnerships with grocery stores and restaurants. This accessibility enhances the profitability of high-value crops grown on farm land for sale in Florida.

Investing in High-Value Crop Production on Farm Land for Sale in Florida

investing in farm land for sale in Florida presents a unique opportunity for cultivating high-value crops. With favourable climate conditions, a variety of market options, and sustainable practices, aspiring farmers can achieve significant returns. By focusing on high-value crops, you can contribute to Florida's thriving agricultural landscape while enjoying the financial rewards of your investment.

Conclusion

Growing high-value crops on farm land for sale in Florida presents an excellent opportunity for farmers and investors alike. Florida’s favourable climate, fertile soil, and long growing seasons allow for the cultivation of profitable crops like strawberries, blueberries, citrus fruits, and specialty vegetables. By utilising sustainable farming practices and leveraging modern technology, farmers can enhance crop yields, reduce environmental impact, and meet the rising demand for high-quality, locally grown produce. The state’s strategic location also offers easy access to local and international markets, ensuring strong sales channels for high-value crops. Investing in farm land for sale in Florida not only promises financial growth but also contributes to the state's flourishing agricultural industry.

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Precision Farming Market Expansion: Demand, Trends, and Key Players in 2024

Precision Farming Industry Overview

The global precision farming market size is anticipated to reach USD 24.09 billion by 2030, registering a CAGR of 12.8% from 2024 to 2030. Precision farming, also known as site-specific crop management or satellite farming, is a farm management concept that uses information technology to ensure optimum health and productivity of crops.

The precision farming technique largely depends on specialized equipment such as sensing devices, antennas and access points, and automation and control systems. It also includes maintenance and managed services. The process also incorporates a broad range of technologies such as bio-engineering, robotics and automation, imagery and sensors, and big data.

The growing number of applications for telematics in agriculture is anticipated to supplement the growth of the market. Telematics services include tracking devices that deploy the Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. Major agriculture equipment manufacturers are adopting telematics services for their equipment to improve farm efficiency, thereby reducing the cost of agricultural operations and maximizing profitability. Improved management can also help reduce environmental impact.

Gather more insights about the market drivers, restrains and growth of the Precision Farming Market

Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the growth of the market during the forecast period.

Furthermore, with GPS guidance and automation advancements, drones are poised to transform the agriculture industry in the forthcoming years. The ability of drones to precisely analyze the soil at the beginning of the crop cycle and detect a plant infected with bacteria or fungus is anticipated to propel the growth of the drone segment.

However, the low rate of technology adoption among farmers is likely to hamper market growth during the study period. This may be due to factors such as the absence of stringent standards and limitations on the exchange of data. Furthermore, farmers lack independent consulting and advisory services owing to the absence of validated agronomic models for Variable Rate Technology (VRT) to make decisions on investments. In addition, independent services are not linked to co-operatives, government bodies, and farmer associations where farmers can get additional information to make better decisions.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global call center AI market size was valued at USD 2.00 billion in 2024 and is projected to grow at a CAGR of 23.8% from 2025 to 2030.

The global internet of medical things market sizewas estimated at USD 230.69 billion in 2024 and is projected to grow at a CAGR of 18.2% from 2025 to 2030.

Precision Farming Market Segmentation

Grand View Research has segmented the global precision farming market report based on offering, application, and region

Precision Farming Offering Outlook (Revenue, USD Million; 2017 - 2030)

Hardware

Automation & Control Systems

Drones

Application Control Devices

Guidance System

GPS

GIS

Remote Sensing

Handheld

Satellite Sensing

Driverless Tractors

Mobile Devices

VRT

Map-based

Sensor-based

Wireless Modules

Bluetooth Technology

Wi-Fi Technology

Zigbee Technology

RF Technology

Sensing Devices

Soil Sensor

Nutrient Sensor

Moisture Sensor

Temperature Sensor

Water Sensors

Climate Sensors

Others

Antennas & Access Points

Software

Web-based

Cloud-based

Services

System Integration & Consulting

Maintenance & Support

Managed Types

Data Types

Analytics Types

Farm Operation Types

Assisted Professional Types

Supply Chain Management Types

Climate Information Types

Precision Farming Application Outlook (Revenue, USD Million; 2017 - 2030)

Yield Monitoring

On-Farm

Off-Farm

Field Mapping

Crop Scouting

Weather Tracking & Forecasting

Irrigation Management

Inventory Management

Farm Labor Management

Precision Farming Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Russia

Italy

Asia Pacific

China

Japan

India

Australia

Singapore

South America

Brazil

Middle East and Africa (MEA)

Key Companies profiled:

Ag Leader Technology

AgJunction, Inc.

CropMetrics LLC

Trimble, Inc.,

AGCO Corporation

Raven Industries Inc.

Deere and Company

Topcon Corporation

AgEagle Aerial Systems Inc. (Agribotix LLC)

DICKEY-john Corporation

Farmers Edge Inc.

Grownetics, Inc.

Proagrica (SST Development Group, Inc.)

The Climate Corporation

Key Precision Farming Market Company Insights

Some of the key players operating in the market include Ag Leader Technology; AgJunction, Inc.; CropMetrics LLC; Trimble, Inc.; AGCO Corporation; Raven Industries Inc.; Deere and Company; Topcon Corporation; AgEagle Aerial Systems Inc. (Agribotix LLC); DICKEY-john Corporation; Farmers Edge Inc.; Grownetics, Inc.; Proagrica (SST Development Group, Inc.); The Climate Corporation among others.

Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.

AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.

Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.

Porspera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.

Agrible is a U.S.- based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives

Recent Developments

In July 2023, Deere & Company, a global agriculture and construction equipment manufacturer announced the acquisition of Smart Apply Inc. an agriculture technology solution provider. Deere & Company is focused on using Smart Apply’s precision spraying solution to assist growers in addressing the challenges related to regulatory requirements, input costs, labor, etc. The acquisition is expected to help the company attract new customers.

In April 2023 AGCO Corporation, a global agriculture equipment provider, and Hexagon, an industrial technology solution provider declared their strategic collaboration. The collaboration is focused on the expansion of AGCO’s factory-fit and aftermarket guidance offerings.

In May 2023, AgEagle Aerial Systems Inc., a global agriculture technology solution provider announced its establishment of a new supply agreement with Wingtra AG. The 2-year supply agreement is expected to securely supply RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones.

In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.

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Precision Irrigation Market Size, Latest Trends, Growth Drivers, Leading Players, and Opportunities

The precision irrigation market size is estimated at USD 4.18 billion in 2024 and is projected to reach USD 6.29 billion by 2029, at a CAGR of 8.5% from 2024 to 2029. The global demand for precision irrigation is growing rapidly, driven by rising mechanization and the adoption of smart agricultural technologies. According to a report from FICCI in 2023, more than 95% of farming activities in the US and Canada are now mechanized. This transition boosts efficiency and productivity as farmers use advanced machinery for a variety of tasks. Moreover, technologies such as the Internet of Things (IoT) are becoming popular, allowing farmers to monitor and control irrigation systems remotely using their smartphones. This innovation facilitates precise water management and scheduling, which are crucial for sustainable farming practices. With ongoing investments in research and development, integrating sprinkler and drip irrigation systems presents promising growth opportunities in the precision irrigation market.

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Fertigation Sensors are Projected to Experience the Highest CAGR in the Precision Irrigation Market During the Forecast Period.

The demand for fertigation sensors in precision irrigation is expected to increase significantly due to their crucial role in optimizing nutrient delivery and water use. These sensors help farmers monitor and adjust nutrient levels in real-time, leading to higher crop yields and better resource efficiency. As sustainable agriculture gains importance, fertigation sensors offer precise control over fertilizer use, reducing waste and environmental harm. Compared to traditional sensors like soil moisture and temperature gauges, fertigation sensors meet the rising need for integrated nutrient management, making them crucial for modern farming practices.

The AI and machine learning algorithms in irrigation segment within the technology type has a larger share and is growing at a higher CAGR in the precision irrigation market during the forecast period.

For precision irrigation to maximize water use and boost crop yields, artificial intelligence (AI) and machine learning are essential because they analyse vast amounts of data from sensors, weather forecasts, and soil conditions. These technologies allow farmers to make real-time decisions, applying water only when and where it's necessary, which reduces waste and improves efficiency. With their ability to recognize patterns and adapt over time, AI and machine learning are set for significant growth in the precision irrigation market, surpassing other technologies like IoT, GIS, and cloud computing due to their superior predictive capabilities.

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Based on region, North America dominated the precision irrigation market in 2023.

North America region dominated the precision irrigation market in 2023. This dominance was due to the modern farming techniques and significant investments in irrigation technologies. Prominent manufacturers such as Hunter Industries Inc. (US), RainBird Corporation (US), Valmont Industries Inc. (US), and The Toro Company (US) are based in this region. These manufacturers promote innovation and make precision irrigation solutions more accessible. A July 2023 article by the non-governmental organization Food and Water Watch reported that drought, exacerbated by climate change and poor water management, is having a severe impact on New Mexico, with industrial agriculture using over 80% of the state's freshwater resources. This heavy reliance on irrigation, along with challenges like water scarcity and strict regulations, encourages farmers to adopt more efficient methods like precision irrigation.

Top Precision Irrigation Companies:

The report profiles key players such as Valmont Industries, Inc. (US), NETAFIM (Israel), Hunter Industries Inc. (US), The Toro Company (US), Rain Bird Corporation (US), Lindsay Corporation (US), Rivulis (Israel), HydroPoint (US), REINKE MANUFACTURING CO., INC. (US), AZUD (Spain), T-L Irrigation (US), and Mahindra Irrigation (India).

[industrynewsupdates]

Precision Farming Market Size, Trends, and Business Outlook 2024 - 2030

The global precision farming market size was valued at USD 10.50 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2030. 

The growth of precision farming is attributed to the burgeoning proliferation of the Internet of Things (IoT) along with the use of advanced analytics by farmers. Advanced analytics is a part of data science that uses numerous tools and methods to forecast data and ensure that the crop and soil receive adequate nurturing. This helps farmers to plan their actions accordingly.

For a deep understanding of different farming aspects such as irrigation and plowing, numerous technologies such as IoT, GPS, and remote sensing application control are used. IoT helps farmers address various challenges involved in the proper monitoring of crops. It provides real-time data about environment temperature and water content in the soil through sensors placed on the farm, which assists farmers in making improved decisions about harvesting times, crop market rate, and soil management. This is one of the key factors contributing to the growth of the market for precision farming.

Gather more insights about the market drivers, restrains and growth of the Precision Farming Market

Precision Farming Market Report Highlights

• Increasing government support for adopting modern agricultural techniques and the growing need for efficiently monitoring the health of crops are expected to drive market growth

• The cloud-based software model is anticipated to gain a significant share of the market over the projected period as it reduces energy consumption and provides storage for a large amount of data while facilitating cost saving

• Innovations in GPS mapping and related farming applications are enabling farmers to operate more efficiently and increase their profit margin

• Demand for drones is expected to grow in the agriculture field as they are increasingly used to monitor irrigation systems

• Yield monitoring is expected to continue leading the application segment in terms of revenue share. It is widely used in soil monitoring since it detects soil qualities that may be used to increase yields

• The digital revolution in the agricultural sector, along with government financial incentives to farms, is likely to drive demand for precision farming in Europe in the forthcoming years

• Asia Pacific is expected to showcase the fastest growth owing to the availability of the largest agricultural land, which provides growth opportunities in countries such as China, India, Australia, and Japan

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global artificial intelligence in agriculture market size was valued at USD 1.91 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 25.5% from 2024 to 2030.

• The global industrial wireless sensor network market size was valued at USD 5.19 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of % from 2024 to 2030.

Precision Farming Market Segmentation

Grand View Research has segmented the global precision farming market report based on offering, application, and region.

Offering Outlook (Revenue, USD Million; 2017 - 2030)

• Hardware

o Automation & Control Systems

o Drones

o Application Control Devices

o Guidance System

o GPS

o GIS

o Remote Sensing

o Handheld

o Satellite Sensing

o Driverless Tractors

o Mobile Devices

o VRT

o Map-based

o Sensor-based

o Wireless Modules

o Bluetooth Technology

o Wi-Fi Technology

o Zigbee Technology

o RF Technology

o Sensing Devices

o Soil Sensor

o Nutrient Sensor

o Moisture Sensor

o Temperature Sensor

o Water Sensors

o Climate Sensors

o Others

o Antennas & Access Points

• Software

o Web-based

o Cloud-based

• Services

o System Integration & Consulting

o Maintenance & Support

o Managed Types

o Data Types

o Analytics Types

o Farm Operation Types

o Assisted Professional Types

o Supply Chain Management Types

o Climate Information Types

Application Outlook (Revenue, USD Million; 2017 - 2030)

• Yield Monitoring

o On-Farm

o Off-Farm

• Field Mapping

• Crop Scouting

• Weather Tracking & Forecasting

• Irrigation Management

• Inventory Management

• Farm Labor Management

Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o U.K.

o Germany

o France

o Russia

o Italy

• Asia Pacific

o China

o Japan

o India

o Australia

o Singapore

• South America

o Brazil

• Middle East and Africa (MEA)

Order a free sample PDF of the Precision Farming Market Intelligence Study, published by Grand View Research.

[rupalic]

Technological Innovations in Agricultural Coatings: From Polymers to Bio-based Solutions

The agricultural coatings market refers to the industry involved in producing protective coatings for various agricultural applications. These coatings are designed to protect crops, equipment, and structures from environmental factors such as sunlight, moisture, and pests, as well as to enhance their durability and performance.

The agricultural coatings market size is expected to expand at a compound annual growth rate (CAGR) of 7.3% between 2021 and 2026, from an estimated $3.7 billion in 2021. It is anticipated that the global market would expand significantly, with a projected value of $5.3 billion by 2026.

How does precision agriculture utilize coating technology and release patterns in controlled-release fertilizers?

Precision agriculture takes a high-tech approach to growing crops. It uses specialized equipment and sensors to gather information about specific areas of a field. This allows farmers to tailor fertilizer and water application to the exact needs of each location, reducing waste and maximizing efficiency.

Precision agriculture works in three steps:

Data Collection: Sensors gather information about the field, including soil conditions and crop health.

Data Analysis: This data is then analyzed by computer systems to identify areas that need more or less water or fertilizer.

Resource Management: Based on the analysis, fertilizer and water application can be adjusted to optimize growth for each zone within the field.

This approach not only improves crop yields but also promotes sustainability. By using only the necessary resources, precision agriculture helps prevent nutrients from leaching out of the soil or accumulating in harmful concentrations.

Controlled-release fertilizers, which release nutrients slowly over time, are a key part of precision agriculture, especially for the fertigation method (applying fertilizer through irrigation systems). Information about the fertilizer’s release patterns and coating technology can be factored into the analysis, allowing for highly accurate recommendations for nutrient requirements, application rates, and mixing ratios within the fertigation system.

Factors Driving the Agricultural Coatings Market Growth

Increasing global population: With the world population steadily increasing, there’s a rising demand for food. Agricultural coatings help protect crops, enhance yields, and ensure food security by safeguarding against pests, diseases, and environmental stresses.

Need for higher crop yields: Farmers are under pressure to maximize their crop yields to meet the growing demand for food. Agricultural coatings can improve crop health, promote growth, and enhance productivity by protecting plants from adverse environmental conditions and optimizing growing conditions.

Rising awareness about sustainable agriculture: There’s a growing emphasis on sustainable agricultural practices to minimize environmental impact and conserve natural resources. Agricultural coatings play a role in sustainable agriculture by reducing the need for chemical pesticides and fertilizers, promoting water conservation, and improving soil health.

Advancements in coating technologies: Continuous advancements in coating technologies have led to the development of more effective and environmentally friendly agricultural coatings. New formulations with improved durability, adhesion, and resistance to environmental factors are driving market growth.

Expansion of precision farming techniques: Precision farming techniques, such as GPS-guided equipment and remote sensing technologies, are becoming more widespread. Agricultural coatings can complement these techniques by providing targeted protection to crops and optimizing input use efficiency.

Increasing investment in agricultural R&D: Governments, research institutions, and private companies are investing heavily in agricultural research and development (R&D) to address challenges such as climate change, resource scarcity, and food security. This investment is driving innovation in agricultural coatings, leading to the development of new products and solutions.

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North America Holds Largest Agricultural Coatings Market Share

The agricultural coatings industry in the region is being propelled by increasing demand for high-yielding, disease-resistant crops, both domestically and in export markets. North America predominantly cultivates cereals & grains, fruits, vegetables, oilseeds & pulses, and crops for non-food purposes. Cereals & grains such as wheat, rice, barley, corn, sorghum, and oats, which require substantial protection, are the primary crops grown in the region. Agriculture in North America is highly mechanized, supported by an integrated network of agribusinesses. While technology adoption is widespread among farmers and ranchers, some still employ animal power for cultivation. Monoculture is prevalent in North America, leading to nutrient depletion and increased susceptibility to plant diseases. This trend has prompted farmers to prioritize innovation for enhancing seed performance.

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Agricultural Coatings Industry News

In January 2020, Nutrien Ltd entered into an agreement with Agrosema (Brazil), which is an Ag retailer in the southern Brazilian crop input market, to provide new product offerings and solutions to Brazilian agricultural producers.

In November 2019, Precision Laboratories added a new seed coating polymer to the PRISM line—PrismSCP2020—designed to improve seed uniformity and treatment delivery

In July 2018, Heritage Colors, a subsidiary of Aakash Chemicals, expanded its production plant in Savannah, GA, which increased production capacities for the company’s existing successful water-based pigment dispersion portfolio.

In May 2018,   Clariant AG company launched a full range of Agrocer seed colorants in China. They were made available in both powder and pigment paste formats, including the six most common colors, and passed the seed safety test.

Top Agricultural Coatings Companies

BASF SE (Germany), Bayer AG (Germany), Clariant Technologies (Germany), Croda International Plc (UK), Sensient Technologies (US), Germains Seed Technology (UK), Milliken Chemical (US), Precision Laboratories (US), Pursell Agri-tech (US), Novochem Group (Netherlands), Dorfketal (India), Deltachem (Germany), Israel Chemicals Ltd (Israel), Arkema (France), SQM (Chile), Mosaic (US), Nutrien Ltd (Canada), Aakash Chemicals, Evonik Industries (Germany) and Encapsys LLC (US).

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Soil Moisture Sensor Market Trends Analysis Report By Sensor Type, Connectivity, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 11 Sep 2024: The Report Soil Moisture Sensor Market Size, Share & Trends Analysis Report By Sensor Type (Capacitance sensors, Probes), By Connectivity (Wired, Wireless), By Application (Agriculture, Construction & Mining), By Region, And Segment Forecasts, 2024 – 2030 The global soil moisture sensor market size is anticipated to reach USD 940.5 million by 2030, growing at a CAGR…