The soil moisture sensor market is projected to witness a CAGR of 10.68% during the forecast period to grow to US$389.310 million by 2027, increasing from US$191.349 million in 2020.
Soil moisture sensors are a common piece of farm equipment that is used to determine the total water content of the soil. Farmers can use these sensors to make precise decisions while planning agricultural activities. Conservationists are extremely valuable tools for determining drought conditions. One of the primary factors responsible for the growth of the soil moisture sensor market is the increasing implementation of sophisticated agricultural equipment around the world. The adoption of sensors by farmers to improve farm output and minimize water usage, as well as their application in avoiding irrigation concerns through regular monitoring, is driving market expansion. The market is also influenced by the increased concentrated efforts of governments and companies to encourage sustainable farming practices and severe government rules pertaining to environmental stability. Furthermore, the soil moisture sensor market benefits from the increase in end-user organizations, research, and development activities, and industrialization.
Soil moisture is such an important element in agriculture that the growth of this market is mostly driven by the agricultural industry. Furthermore, soil moisture sensors help environmentalists understand how the natural environment works, which is projected to drive market expansion. Furthermore, the adoption of smart agriculture techniques and the deployment of wireless soil moisture sensors are projected to generate attractive growth potential. The introduction of soilless agricultural techniques such as hydroponics, on the other hand, is predicted to stifle industry growth.
Water scarcity is currently one of the primary concerns confronting governments all over the world. Agriculture, being the primary user of water for agricultural irrigation, is thought to utilize more than 60% of the world's freshwater supplies. As a result, there is a growing demand for some sort of smart irrigation systems, as they are essential to effectively regulating agricultural water consumption. Smart irrigation systems are crucial in this situation since they allow for the use of more effective watering techniques that reduce water usage while also enhancing crop production. Soil moisture sensors are used to determine when, where, and how much water is provided by a crop at any given time, assisting farmers in achieving increased agricultural yield. These sensors are simple to install and offer soil temperature and relative humidity, simplifying horticulture, irrigation, and soil science vertical profiling.
Higher adoption of mechanical farming operations and a plethora of research and advancements in the field of cordless sensor technology. Furthermore, advances in satellite sensors are expected to provide manufacturers with profitable opportunities. Furthermore, market participants are introducing Internet of Things (IoT)-based soil moisture sensors that can be permanently installed underground, lowering maintenance costs.
Furthermore, the farm owners in the region are more aware of the advantages of using soil moisture sensors. Combined with favourable government policies implemented in a number of countries, it is one of the major drivers of the worldwide soil moisture sensor market. Furthermore, the farm owners in the region are more aware of the advantages of using soil moisture sensors. Farmers have also received a lot of help from groups like the Environmental Protection Agency (EPA), The Nature Conservancy, and the National Research Council to implement mechanized farming practices.
The expansion of the business is being hampered by a lack of understanding among farmers about the benefits provided by sensors, a scarcity of experienced personnel, and a preference for conventional farming practices, particularly in emerging economies. The lack of knowledge among farmers is limiting the market for soil moisture sensors. The exponential expansion of something like the soil moisture market is being hampered by outdated farming techniques.
The disruption in the supply chain, which has resulted in a scarcity of technology and appliances for the soil monitoring market, and the impact of COVID-19 on the soil monitoring industry are projected to last for a short to medium time. However, advances in sensing, imaging, and remote monitoring have resulted in improved farm operation management, and the COVID-19 pandemic is anticipated to have a lesser impact. In the post-COVID-19 environment, sensing, imaging, and remote monitoring are anticipated to be in high demand.
Soil moisture sensors are divided into two types: volumetric sensors, and soil water potential sensors according to their type. Volumetric soil moisture sensors are predicted to rise significantly during the forecast period as they provide farmers with more precise and immediate data and require less calibration during installation. Different volumetric sensors on the market include probes, capacitance sensors, and time-domain transmissometer (TDT) sensors. Capacitive sensors, rather than resistive sensors, use capacitive sensing to determine the moisture level in the soil. The gadget prevents corrosion because it is made of corrosion-resistant materials.
Agriculture, Construction, Sports, Research, Weather Forecasting, and others, such as residential and forestry, make up the Soil Moisture Sensor market by application. The use of soil moisture sensors in agricultural regions has increased farm productivity while lowering water usage. Overwatering can be avoided with the use of soil moisture sensors. The scope of soil moisture sensors is expanding all the time, and the application of soil moisture sensors in residential areas is boosting the market. This aids residential communities in maintaining green lawns, as well as builders in determining the water content of the soil and laying the foundation for development accordingly. Furthermore, these sensors are used in the building industry to locate wetlands before starting a project. The sports category is now driving the soil moisture market, resulting in increased demand for soil moisture sensors to manage the grounds. Soil moisture sensors, for example, are used to manage golf turf, and the rise in this practice will add to the market for soil moisture sensors. Another factor propelling this market is the usage of soil moisture sensors by weather forecasters. Soil moisture sensors are useful in weather forecasting since they provide readings.
The world's largest market for agricultural soil sensors was North America. The development of modern farming solutions was boosted by strong government backing for infrastructure support, increasing agricultural yields, and the adoption of smart and efficient farming methods. Soil moisture sensors have become more popular in North America. Effective analysis and conversion of turfgrass and soil moisture devices are employed in the sports turf market. According to studies, using a sensor helps farmers avoid drought stress and lowers the maintenance and labour costs of protected agriculture by at least 20%. The United States was an early adopter of accurate farming technologies, which would be the main reason for the region's dominant position in the global industry. Canada has a high level of acceptance of contemporary agricultural technologies.
The availability of large areas of fertile land in nations like China and India is likely to boost the use of soil moisture sensors. Furthermore, the growing concern for soil health throughout the region is boosting the market's growth. Because of favourable government policies and expanding farmer discretionary income, countries like Japan, India, Australia, and China are likely to generate significant revenue.
The global soil moisture sensor market is segmented, with a number of small and medium-sized businesses competing against one of those large firms. The fragmented nature of the market is due to the development of regional markets and local players in various parts of the world. company equities, revenue produced, economic feasibility, commitment to innovation, emerging market strategies, regional establishment, company weaknesses and strengths, successful launch, product width and breadth, and application dominance. Some prominent key players are Acclima, In October 2020, the Acclima TDR-315L was released, which is more suitable for monitoring volumetric soil water concentrations in soils with high clay content. METER Group, Inc. USA, Delta-T Devices, The Toro Company, AquaCheck, Sentek Technologies, IRROMETER Company, Inc. and Stevens Water Monitoring Systems, Inc.
|Market size value in 2020||US$191.349 million|
|Market size value in 2027||US$389.310 million|
|Growth Rate||CAGR of 10.68% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||METER Group, Inc. USA, Delta-T Devices, The Toro Company, AquaCheck USA, Sentek Technologies, Irrometer Company, Inc., Acclima, Inc., Stevens Water Monitoring Systems, Inc.|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global soil moisture sensor market?
A1. Soil Moisture Sensor Market was valued at US$191.349 million in 2020.
Q2. What will be the soil moisture sensor market size by 2027?
A2. The soil moisture sensor market is projected to reach a market size of US$389.310 million by 2027.
Q3. What are the growth prospects for the soil moisture sensor market?
A3. The global soil moisture sensor market is projected to witness a CAGR of 10.68% over the forecast period.
Q4. What factors are anticipated to drive the soil moisture sensor market growth?
A4. Soil moisture is such an important element in agriculture that the soil moisture sensor market growth is mostly driven by the agricultural industry.
Q5. Which region holds the largest market share in the soil moisture sensor market?
A5. North America is expected to hold the largest share in the global soil moisture sensor market.
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