"To improve productivity, industries are adopting soil moisture sensors"
The soil moisture sensor is used to monitor the moisture of the soil by measuring the volumetric water content of the soil. The increasing scarcity of water resources has increased adoption of the soil moisture sensors market in a wide range of applications such as agriculture purpose, sports turf & ground, weather forecasting, forestry, residential use, landscaping and ground care, research studies, and construction.
The agricultural applications of the soil moisture sensor market is a major driving factor. Increased adoption of modern agricultural practices is boosting the soil moisture sensor market. The use of soil moisture sensors in agricultural lands has improved the farm’s productivity and there has been a reduction in water consumption by farms. The soil moisture sensors help to avoid over-irrigation problems. The demand for soil moisture sensors is increasing due to a gradual shift in climatic conditions and increasing awareness among farmers.
The key challenge faced by the soil moisture sensor market is the lack of awareness among farmers. The increasing adoption of soil moisture sensors in the applications sports segments, residential society, and others provides a greater opportunity for the market. Overall, the global soil moisture sensors market was US$ 248.9 Mn in 2021 and is expected to reach US$ 862.2 Mn by 2030, growing at a CAGR of 14.8% from 2023 to 2030.
"Wired segment dominating the market"
Wired sensors dominated the soil moisture sensor market in 2021 and accounted for a revenue share of over 65.0%. However, there are some problems associated with this product which include its high maintenance cost, labor cost, and inflexibility with respect to remote accessibility. But, it finds its wide applications in horticulture, agricultural science, botany, biology, and environmental science. The wireless soil moisture sensor segment will exhibit the highest growth rate over the forecast period. They are increasingly used to measure volumetric water content in the soil, remotely.
"North America dominating the global market by region"
North America dominated the market in 2021 with around 38% of the global market. The relatively higher adoption of sensors across the agriculture and sports segments has kept the region at the top. The U.S. is house to a large number of soil moisture sensor manufacturers such as Campbell Scientific, Inc., and The Toro Company. Stringent environmental regulations and rising adoption of precision farming and yield monitoring practices by large and small farm owners to upsurge the productivity of fields is expected to drive the market.
Asia Pacific region is estimated to register the highest CAGR (15.6%) during the forecast period owing to increasing awareness regarding the usage of soil moisture sensors among farmers. In addition, the availability of huge arable land in countries such as China and India along with government schemes such as per drop each crop of India has further added advantage to the demand. This in turn expected to increase the utilization of soil moisture sensors. Furthermore, the rising concern of soil health in the region is positively impacting the growth of the market. Countries such as Japan, India, Australia, and China are expected to generate considerable revenue owing to the favorable government policies and rising disposable income of farmers.
"Technological advancement is keeping the market competitive"
The global soil moisture sensors market is competitive. Prominent players operating in the soil moisture sensors market are adopting strategies such as a partnership with other companies, acquisition of smaller players to increase their production capacity and geographical reach. Following is the list of players included in the published reports.
List of Companies Covered:
Key Industry Development:
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 Soil Moisture Sensors market are as follows:
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.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
