Farm Automated Weather Stations Market Share & Trends [2031]

Report Description

Farm Automated Weather Stations Market Outlook 2031

The global farm automated weather stations market size was USD 98 Million in 2022 and is likely to reach USD 170 Million by 2031, expanding at a CAGR of 6.3% during 2023–2031. The growing adoption of precision farming procedures to increase efficiency and crop yield drives the market.

Increasing emphasis by farmers on mitigating weather-related risks in agriculture, due to climate change, is one of the primary drivers of the market. Rising commercialization of agriculture is leading to the demand for smart farming technologies and systems to practice precision farming. The weather condition data gathered from automated weather stations (AWS) has several benefits for the improvement of farming procedures. For instance, farmers are able to manage plantations, reduce climate change-related risks, and boost the crop yield from agriculture with farm AWS. Rising emergence of various farming automation technologies is expected to boost the market during the forecast period.

• According to a study published by the National Aeronautics and Space Administration (NASA) in November 2021, climate change across the globe is likely to impact crops within a few years. The high greenhouse gas (GHG) emission scenario is likely to affect the product of wheat (17% decline) and maize (24% decline) as early as 2030.

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The research report finds that the COVID-19 pandemic affected the farm automated weather stations market. Factors such as economic uncertainty, supply chain hurdles, and public movement restrictions led to a decline in the demand for farm AWS. The pandemic disrupted agricultural operations, which were postponed or canceled. This, as a result, declined the installation of new systems. However, post the pandemic scenario, the product demand witnessed a significant increase, owing to the adoption of smart farming technologies and precision farming procedures.

Impact of Artificial Intelligence (AI) on the Farm Automated Weather Stations Market

AI advancements are expected to have a positive impact on the market. The steady growth in the adoption of various smart agriculture technologies is expected to widen opportunities for market players to offer AI-driven farm AWS. AI recognizes climate patterns and their impact on various crops. AI-powered weather forecasting becomes increasinglu accurate with the help of past huge data sets from various sources, and thereby, enabling improved pre-planning in case of adverse climate. The capabilities of AI are utilized for real-time analysis of weather as well as precisely forecasting future scenarios, which support proper and smart decisions to mitigate risks and increase productivity.

• In November 2022, Google LLC announced the global expansion of its AI-based flood detection and wildfire systems. The company made its tool, Flood Hub, available globally, which was earlier available to users in India and Bangladesh. The tool offers flood alerts on the smartphones. This tool is expected to provide seven days prior warning on when and where floods are likely to occur, with AI capabilities and using map locations.

Farm Automated Weather Stations Market Dynamics

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Major Drivers

Rising implementation of smart farming techniques is a key driver of the market. Several operations of agriculture are based on weather conditions. The suitability of the conditions brings efficiency to farming procedures and also reduces unnecessary losses. Farming technology and farm AWS are expected to enable precision agriculture, allowing farmers to take proper calls on going ahead with farm procedures such as plantation, irrigation, weed control, pest control, and harvesting.

• According to the survey report published in October 2023, the valuation of smart farming is anticipated to reach USD 33 billion in 2027 from approximately USD 15 billion in 2022. The demand is driven by the rising implementation of various smart agricultural tools to increase productivity.

Growing remote farming practices using smartphones is a fueling factor of the market. It has become possible to observe various conditions of the farm and plantations, due to the rising number of smartphone subscriptions and affordable high-speed internet connectivity as well as cutting-edge agri-specific mobile applications. Farm automated weather stations assess real-time weather scenarios as well as measure different climate parameters and send this data to the user mobile using built-in wireless cellular communication technologies.

Existing Restraints

High cost of farm AWS implementation and maintenance is likely to affect the market during the forecast period. The software and hardware parts such as antennas, sensors, and receivers require significant cost. Additionally, the system requires skilled labor to handle and maintain it as and when needed, which further adds up to the cost. The lack of access to reliable technology infrastructure to efficiently use AWS in agriculture is likely to limit the market in the coming years.

Emerging Opportunities

Integration of advanced technologies with farm AWS is likely to generate growth opportunities in the market in the coming years. The past data on weather is efficiently used with the AI, the Internet of Things (ioT), and deep learning features. This, in turn, enhances predictions on climate aspects precisely, and thereby, allowing data-driven decisions to curb the unnecessary loss of resources. Increasing investment and supportive policies from governments to increase precision farming equipment and practices implementation is likely to widen the scope for growth in the market during the forecast period.

Scope of the Farm Automated Weather Stations Market Report

The global market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Component Analysis

Based on component, the farm automated weather stations market is bifurcated into hardware and software. The hardware segment is expected to exhibit a strong revenue growth rate during the projection period, owing to the increasing installation of farm AWS tools with advanced sensors, antennas, and receivers. The advancement in technology is allowing farming equipment manufacturers to develop increasingly precise and advanced tools used in weather stations. The growing dependence on weather data is necessitating the adoption of automated weather stations to consistently collect weather data and provide regular updates to farmers. The rising funding for developing innovative Agritech solutions is likely to propel the segment in the coming years.

• According to a survey report published in September 2023, the startups in agriculture technology received nearly USD 53.2 billion in 2021. This is a significant growth as compared to the prior year, which was close to USD 27.7 billion.

The software segment is anticipated to hold a key market revenue share during the forecast period, due to the rising adoption of weather information technologies and automation tools in farming. The software systems are an important component in measuring and assessing weather conditions, which provide compiled climate insights to the users. The software also be used to store data, assess it, and transmit it to various users or smart farming systems for further operations. The increasing adoption of cloud computing-based software, AI, and deep learning solutions is fueling the segment.

Product Type Analysis

On the basis of product type, the global market is divided into cable-based and battery-based.

The battery-based segment is projected to spur the market in terms of demand during the forecast period. Advantages of battery-based AWS such as affordable ownership cost and easy implementation on the farm drives the segment. The battery-operated farm AWS consists of additional sensors as well as a emote terminal unit (RTU) to collect and transmit data using a battery. Growing preference for flexible and easily portable farming implements is expected to fuel the demand for battery-based AWS.

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Crop Type Analysis

On the basis of crop type, the farm automated weather stations market is categorized as coffee, tea, and others. The tea segment is expected to hold a major share of the market during the forecast period, owing to the rising adoption of AWS at tea plantations across the globe. The favorable climatic conditions are highly important for the high production of cash crops such as tea crops. Bad weather affects the quality of tea along with the production volume. In tea plantations, the adoption of farm AWS enables the measurement of temperature and soil moisture. This, in turn, allows effective maintenance of suitable levels of weather parameters to increase crop quality and yield.

Regional Outlook

In terms of region, the global farm automated weather stations market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the assessment period, owing to the high adoption of AWS by farmers in nations such as the US and Canada. The implementation of smart farming technology is significant in the region, owing to rising precision farming practices and supportive policies from the government to develop farming innovations. The significant changes in climatic conditions in the recent years such as floods, inconsistent rainfall, and their effects on crop yield have prompted the adoption of weather technologies to get accurate prior insights on likely weather conditions. The rising investment in farming technology startups is further creating lucrative opportunities in the market.

The market in Asia Pacific is projected to grow rapidly, owing to the large area under agriculture in emerging economies such as India and Chinain the region. The increasing number of farming technology solutions originating in this region is further driving opportunities in the region. Governments of various countries are actively promoting the adoption of advanced farming technology and tools to boost the production as well as optimize the use of resources. Rising commercialization of agriculture to meet the increasing demands of various food items and raw materials in different industries is expected to boost the market of this region in the coming years.

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