Smart irrigation refer to advanced irrigation systems that are equipped with sensor networks for real-time monitoring of weather and soil conditions. Sensors are used to monitor various parameters such as soil moisture content, humidity, temperature and others. The irrigation controller then operates water application based upon the sensor data. Rising population worldwide has resulted into the ever-increasing demand for food products over the period of time. Additionally, growing water scarcity issues coupled with uncertain/unfavorable climatic conditions is another major challenge for the agriculture sector. As a result, people are now turning towards advance farming practices as an effort to overcome these challenges and increase agricultural yield. This is the prime factor bolstering the smart irrigation systems market growth.

The smart irrigation systems market is majorly fueled by the modernizing agriculture practices worldwide. With the advancement in the sensor-based networks, these are increasingly being used across different applications. Irrigation systems are expected to emerge among the most promising applications of sensor networks in the coming years. Due to rising population as well as the food requirement worldwide, the adoption of more efficient and automated irrigation systems is expected to expand significantly in the coming years. This in turn is expected to boost the demand for smart irrigation systems designed specifically for optimum water efficiency and convenience. However, high initial and maintenance costs of these irrigation systems is major concern for the market growth.

In order to help strategic decision makers, the report also includes competitive profiling of the leading smart irrigation system manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Netafim Ltd., Toro Company, T-L Irrigation Company, Hunter Industries, Inc., Baseline, Inc., Rain Bird Corporation, Weathermatic and others. 

As of 2021, the global smart irrigation systems market was dominated by the non-agriculture application segment. The segment contributed to more than fifty percent of the total revenue generated worldwide. The non-agriculture segment comprises sports grounds, large landscapes, turfs and residential consumers. The market is still in its nascent stage and is majorly dominated by the small scale installation in non-agriculture applications.

Due to high investment and technical knowhow required in the systems, the adoption rate in the agriculture segment is estimated to remain relatively low. Consequently, the non-agriculture segment is projected to retain its dominant position in the market throughout the forecast period. Nevertheless, with the rising shift towards advanced agricultural practices coupled with government encouragement, the agriculture segment may register strong growth in the market throughout the forecast period.

The smart irrigation systems market was dominated by the sensors segment in 2015. The segment accounted for a market share, in terms of revenue, of more than forty percent of the total market revenue. Sensor network is the most important component in the overall smart irrigation system. The amount of water to be distributed is mainly dependent upon the information gathered using the sensor network. Also, sensors typically require higher maintenance and replacement as compared to the other components in the smart irrigation system. As a result, the segment is estimated to retain its dominant position in the market throughout the forecast period.

The global smart irrigation systems market is dominated, in terms of revenue, by the North America region. As of 2021, the region contributed to more than forty percent of the total market revenue generated worldwide. The market here is mainly backed by the strong penetration of smart irrigation systems in the U.S. across different applications. Additionally, the region enjoys presence of large number of smart irrigation vendors making the regional market growth more favorable.

The North America market is followed by Europe, in terms of revenue and adoption. Nevertheless, the Asia Pacific region is estimated to emerge as fastest growing market for smart irrigation systems in the coming years. The growth is majorly expected to from the modernizing irrigation sector in China and India. Other promising markets for smart irrigation systems include Western Europe, Israel, Turkey and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Smart Irrigation Systems market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Smart Irrigation Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Smart Irrigation Systems market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Smart Irrigation Systems market?
• Which is the largest regional market for Smart Irrigation Systems market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Smart Irrigation Systems market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Smart Irrigation Systems market worldwide?