Agricultural Weather Monitoring Market Size, Share, Opportunities, And Trends By Technology (Rain Gauge, Wind Speed, Wind Direction, Air Temperature, Soil Moisture And Temperature, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : May 2023
  • Report Code : KSI061615356
  • Pages : 145

Farmers must deal with changing weather from season to season. Weather variations have an impact on agricultural production, but farmers are not surprised. Weather monitoring systems are extremely beneficial in agriculture. Using actual data on weather conditions appropriate to the present location and season, farmers can better care for their land and crops, as well as manage any weather-related hazards. Moreover, when it comes to weather forecasting technologies, agribusinesses should explore a variety of agricultural technology solutions that complement one another. Weather stations integrated with agricultural stations assist farmers in tracking and forecasting weather conditions in a specific region. After gathering information from the surroundings, linked devices communicate the data to virtualized storage. Farm managers can then utilize the data for climate forecasting and farm management. Therefore, to enhance agricultural conditions, governments and other institutions have introduced schemes to install weather monitoring technologies that have ultimately been beneficial for market development.

The increasing advancements made in artificial intelligence for agriculture have boosted the market sales

The most significant technological innovation in agriculture is the application of machine learning and artificial intelligence to weather forecasting. Weather forecasting, like any other AI solution, needs a massive quantity of data to train machine learning algorithms. These projections need a huge amount of computer power to analyze massive data sets, as well as adequate storage to retain this data for future use. Due to this reason, companies offer products that are adding up to the market’s profitability. For instance, Weather Risk Management Services (WRMS), is an Indian pioneer in smart and sustainable farming. SecuFarm is a flagship product offered by the company and is one of the world's first smart and sustainable farming systems that guarantee farmers an income. It enables farmers to overcome the most challenging agricultural obstacles, such as little rainfall, acidic soil, limited soil nutrients, and conventional farming techniques.

The initiatives taken by the companies will enhance the market revenue

The companies in this segment are incorporating innovative products into the farming industry which has led the market to rise. For instance, the Arable Mark, a New Jersey-based ag-tech firm, announced a profitable Series A round, bringing its total funding to $5.75 million, as it seeks to expand its operations to satisfy international demand for its initial product. The Arable Mark was launched in March 2021 and is a solar-powered gadget that can collect more than 40 different environmental data points. Microclimate changes within a single farm, for instance, can be substantial, ranging from drop size and frequency of rain to humidity levels and temperature. Furthermore, in February 2021, EOS Data Analytics (EOSDA), a supplier of satellite imaging analytics, revealed intentions to deploy seven optical EOS SAT satellites into LEO (Low Earth orbit) by 2024. The business intends to develop a whole satellite data production vertical by establishing its satellite imaging constellation, from direct image collecting to processing, analysis, and dissemination. Crop health monitoring, crop categorization, growth analysis, soil moisture measurement, and weather forecast are all components of the EOSDA agricultural platform. Hence, all these factors have been positively contributing to the market.

Asia Pacific accounts for a major share during the forecasted period

The flourishing agricultural industry in the Asia Pacific region in addition to the significant involvement of the government in this segment will increase the market’s growth in the upcoming years. For instance, in March 2022, according to an official from the Ministry of Agriculture and Farmers' welfare, the Indian government built a super app for farmers that consolidated several digital institutions and presented mobile applications aimed at them. The consolidation would make it easier for farmers to access information such as the most recent research & innovation, weather and market updates, accessible services, government initiatives, and advisories for various agricultural and Agri zones under one roof.

Market Key Developments

  • In January 2022, Pessl Instruments the initial firm in agriculture to provide internet-based weather stations announced the debut of a new type of METOS® weather station called nMETOS (nano METOS). With this latest line, the company aims to transform fields all across the world, assisting farmers as they transition into the modern generation of linked fields.
  • In December 2022, Orchardly, a leading AI-based Agritech firm from Jammu & Kashmir, and Fyllo, an AI and IoT-enabled agro-based platform located in Bengaluru joined forces to change temperate orchard ecology in India. The Orchardly-Fyllo collaboration seeks to provide precision agriculture IoT gear, such as Automatic Weather Stations and Precision Agriculture equipment, as well as superior agronomy services to the country's temperate fruit farmers.
  • In August 2021, Dr. Jitendra Singh, Union Minister of State, Minister of State Sciences and Minister of State Personnel, Public Grievances, Pensions, Atomic Energy, and Space, announced that the India Meteorological Department (IMD) began installing Agro-Automatic Weather Stations (AWS) to provide accurate weather forecast to the people, particularly farmers.

Agricultural Weather Monitoring Market Scope:

 

Report Metric Details
Growth Rate CAGR during the forecast period
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Billion
Segments Covered Technology and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered Aeron Systems Pvt. Ltd, Sigfox, Honeywell international Inc., Thermo Fisher, Horiba
Customization Scope Free report customization with purchase

 

The agricultural weather monitoring market has been analysed through the following segments:

  • By Technology
    • Rain Gauge
    • Wind Speed
    • Wind Direction
    • Air Temperature
    • Soil Moisture and Temperature
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Indonesia
      • Thailand
      • Taiwan
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. AGRICULTURAL WEATHER MONITORING  MARKET, BY TECHNOLOGY

5.1. Introduction

5.2. Rain Gauge

5.3. Wind Speed

5.4. Wind Direction

5.5. Air Temperature

5.6. Soil Moisture And Temperature

5.7. Others

6. AGRICULTURAL WEATHER MONITORING MARKET, BY GEOGRAPHY

6.1. Introduction

6.2. North America

6.2.1. United States

6.2.2. Canada

6.2.3. Mexico

6.3. South America

6.3.1. Brazil

6.3.2. Argentina

6.3.3. Others

6.4. Europe

6.4.1. UK

6.4.2. Germany

6.4.3. France

6.4.4. Italy

6.4.5. Spain

6.4.6. Others

6.5. Middle East and Africa (MEA)

6.5.1. Saudi Arabia

6.5.2. UAE

6.5.3. Isreal

6.5.4. Others

6.6. Asia Pacific

6.6.1. China

6.6.2. Japan

6.6.3. South Korea

6.6.4. India

6.6.5. Indonesia

6.6.6. Thailand

6.6.7. Taiwan 

6.6.8. Others

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

7.1. Major Players and Strategy Analysis

7.2. Emerging Players and Market Lucrativeness

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Vendor Competitiveness Matrix

8. COMPANY PROFILES

8.1. Aeron Systems Pvt. Ltd

8.2. Sigfox

8.3. Honeywell international Inc. 

8.4. Thermo Fisher

8.5. Horiba


Aeron Systems Pvt. Ltd

Sigfox

Honeywell international Inc.

Thermo Fisher

Horiba