Global Smart Soil Moisture Sensor Market size was valued at USD 38.47 Million in 2021 and is projected to reach USD 112.71 Million by 2028, growing at a CAGR of 16.6% from 2022 to 2028.
Smart Soil Moisture Sensor Market As the population grows at an exponential rate it creates dynamic issues in terms of feeding people, which has led to increased land acquisition for housing and increased water consumption in these newly developed residential areas. Therefore, the key resources required for food production are expected to decrease in the future. Moreover, producing the required amount of food remains a crucial issue. As such, technical progress plays an essential role in improving productivity and production quality. A smart soil moisture sensor is one of the main agricultural devices used to measure the volumetric water content of the soil. Smart soil moisture sensors enable farmers to make accurate decisions in planning agricultural operations. In addition, these sensors serve as useful devices for ecologists to identify drought conditions and understand the biodiversity of an area. In addition, they play an essential role in soil water conditions, pollution monitoring, civil engineering, and forestry.
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Top Market Players Covered in the Smart Soil Moisture Sensor Market:
Acclima, Inc., AquaCheck Pvt. Ltd, Campbell Scientific, Davis Instruments, Decagon Devices, Inc., Delta-T Devices Ltd., Husqvarna, Irrometer Company, Inc., Meter Group, Parrot, Sentek Pvt. Ltd., Stevens Water Monitoring System, Inc., Streat Instruments, Toro Company, and other major players.
The global Smart Soil Moisture Sensor Market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Global Smart Soil Moisture Sensor Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Global Smart Soil Moisture Sensor Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Global Smart Soil Moisture Sensor Market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts
Segmentation Analysis of the Global Smart Soil Moisture Sensor Market Report:
Here are some common segmentation criteria for the Smart Soil Moisture Sensor Market:
By Type
- Volumetric Soil Moisture Sensors
- Soil Water Potential Sensors
- Solid State Sensors
By Application
- Agriculture
- Landscaping
- Sports Turf & Entertainment
- Others
Market share data Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Opportunity:
Investment Opportunities in The IoT And Sensors-Based Technologies
Technological interventions are taking over the world gradually. We are entering into the fourth industrial revolution or Industry 4.0 with a focus on digitization and automation. With this, farming operations are no longer run with basic technology. Farmers and agriculturalists are to stepping ahead for agritech sophistication. There has been an aggressive investment in agritech approaches involving IoT (Internet of Things), smart logistics, Artificial Intelligence (AI), Kisan drones, and Machine Learning (ML). On the other hand, small landholders find it difficult to use these sensors and devices owing to the high upfront costs involved. In such cases, the incentives and subsidies from governments or any donor community can help marginal farmers to adopt such advanced technologies for soil monitoring purposes. Public sector investment in agricultural R&D has made the agricultural industry in the US one of the largest contributors to state-of-the-art technologies in agricultural technology in the world. In the US, the Senate Appropriations Committee's fiscal year 2020 agriculture appropriations bill would provide USD 23.1 billion in discretionary funding with USD 3.172 billion specifically for agriculture research.
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