Technavio market research analysts forecast the global farm automated weather stations (AWS) marketto post a CAGR of over 7% during the forecast period. Increased availability of equipment with access to real-time data to emerge as a key trend that will impact market growth.
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Technavio has published a new market research report on the global farm automated weather stations market from 2018-2022. (Graphic: Business Wire)
With the increase in adoption of smartphones and Internet penetration, vendors are increasingly offering farm AWS that allows users to view data from smartphones and other smart devices. The built-in wireless or cellular communication technologies make it possible to set up remote stations across far-flung areas. Farm AWS can measure and send data to smart devices using equipped communication technologies over the Internet. As a result, users have access to real-time weather data.
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In this report, Technavio analysts highlight the need for weather monitoring due to climatic changes as a key factor contributing to the growth of the global farm AWS market:
Need for weather monitoring due to climatic changes
Weather and climate play an important role in producing high agricultural yield. Any change in atmospheric CO2, temperature, and wind speed may have a significant impact on agriculture production. Climatic changes around the world may influence the global agriculture output. Also, due to global warming, ocean temperature or sea water temperature has increased. For instance, the unusual change in surface water temperatures has led to El Niño and La Niña weather events that occur irregularly at two to seven-year intervals in the Pacific Ocean. As a result, precipitation pattern and storm intensity in countries such as the US are also affected. Similarly, sea surface temperatures of the Indian Ocean and the tropical Atlantic Ocean also influence the climate in the adjacent land areas or countries. Such climatic changes can have a significant adverse impact on crop yield.
According to a senior analyst at Technavio for agricultural equipment research, "Agriculture plays a crucial role in the global economy. Therefore, weather monitoring is essential to ensure high agriculture output required to cater to the needs of the rising global population. This is expected to drive the demand for farm AWS during the forecast period."
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Global farm AWS market segmentation and analysis
This market research report segments the global farm AWS marketbased on the type of products (battery-based farm AWS and cable-based farm AWS) and key regions (the Americas, APAC, and EMEA).
In 2017, battery-based farm AWS dominated the market with a market share of more than 71%. The ease of installation in remote areas, the inclusion of improved features such as light-emitting diode (LED) or liquid crystal display (LCD), and the ability to withstand extreme weather conditions are expected to further increase the market share of battery-based farm automated weather stations during the forecast period.
In 2017, the Americas segment held a 44% share of the global market due to the use of these systems for analysis of real-time data such as weather, temperature, and soil to help farmers make smarter decisions in vineyard and greenhouse farming. Such enhanced benefits are expected to lead to the high growth of the market during the forecast period. The Americas segment was followed by EMEA and APAC.
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