Published: September 2022 | Report Code: 12355 | Available Format: PDF | Pages: 180
The global smart irrigation market revenue stood at $1,404.4 million in 2021, and it is expected to grow at a compound annual growth rate of 13.8% between 2021 and 2030. This is ascribed to the increased R&D activities and the rise in the adoption of energy-efficient smart irrigation systems. In addition, extreme weather conditions are common in countries across the world. Irrigation systems in such areas must be extremely efficient, thereby driving the demand for these systems.
Moreover, the surge in deployment of remote sensing technologies, primarily in APAC countries such as India, China, South Korea, and Australia, and the integration of IoT devices with smartphones are driving the market growth. For instance, Australia has been intentionally chosen to be the first country to deploy the Manna Irrigation Intelligence solution, a revolutionary sensor-free software system designed to help producers make smarter irrigation decisions.
The market for sensor-based controller systems is expected to witness robust growth over the forecast period, based on system. This can be due to the surging use of sensor-based irrigation systems in agriculture to save water and boost crop productivity. These systems can analyze and control exact data from numerous sensors deployed on a field, such as temperature, soil moisture, rain, and humidity sensors. Furthermore, sensor-based controller systems are widely preferred, as they do not rely on weather predictions or weather station data.
The controller category is the largest revenue generator in the smart irrigation market, based on component, accounting for $562.9 million in 2021, which is projected to grow at a CAGR of around 12.5% during 2021–2030. Smart irrigation controllers are in great demand, due to the efficiency they offer to irrigation operations and they are easily linked to cloud solutions. Furthermore, rapid growth in the global population, food and water shortages, increased farmer knowledge of the advantages of smart irrigation, government promotion and investment, low irrigation cost, and high productivity are also driving the demand for smart irrigation controllers.
Continuous advancements in communication technologies allow farmers and residential users to remotely access their irrigation systems. Wireless data transmission technologies are replacing traditional hardwire systems, as advanced wireless sensors provide mobility, convenience, and other benefits. Irrigation systems use radio frequency technologies to communicate with wireless signal transmission networks. Thus, technological advancements improve interoperability between the control center and the equipment, increasing the overall efficiency of the systems.
Moreover, the use of 5G in the agriculture sector has the potential to improve the whole value chain, from precision farming to smart irrigation; and advance soil and crop monitoring and animal management. Thus, farmers can carry out more efficient and effective irrigation with the usage of 5G technology. They can utilize soil probes that are buried under the soil and could be connected easily via 5G-connectivity. Further, these devices have the capability to capture the data, such as soil patterns, moisture content, and salinity, which, in turn, provide insights to farmers related to the health of their crops. Therefore, these factors offer several opportunities to players in the smart irrigation market.
Smart irrigation systems are widely employed in agriculture fields, golf courses, sports grounds, and residential areas. IoT-enabled smart irrigation systems aid in water level detection by automatically irrigating crops and others based on the moisture level in the soil, as well as keeping track of the land condition. Moreover, the rising need for IoT and cloud technologies in this field is attributable to the increasing demand for smart irrigation solutions, which promotes the market growth.
Market Size in 2021
Revenue Forecast in 2030
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
By Application; By Component; By System; By Region
Explore more about this report - Request free sample
The non-agricultural category accounted for the largest market share in 2021 and is expected to retain its position in the coming years as well. The increased relevance of effective watering methods and irrigation systems for non-agricultural applications such as residential, turf & landscaping, and golf courses, is a major driver of the market expansion in this category.
It is also because the development of smart cities is a growing trend in many regions of the world. Water management systems are gaining popularity in both commercial and residential settings in smart cities. Due to urbanization, green cover areas reduce to make space for concrete infrastructure. It is critical to preserve the green balance, which is why the smart irrigation concept is being used. Thus, the use of smart irrigation systems is predicted to increase in smart cities in the coming years, thereby driving the market growth.
The COVID-19 pandemic had a minimum impact on the agricultural industry. The increased awareness among farmers to use technologies and sensors, such as rain, climate, soil moisture, temperature, and fertigation, for farming operations can lead to the automation of several field operations.
In 2021, the North American smart irrigation market accounted for the largest share, of around 36.1%. This is ascribed to the steady rise in disposable income, growth in urbanization, rise in adoption of IoT-based irrigation methods in countries such as the U.S. and Canada, surge in penetration of smartphones and other devices for remotely accessing field data, and increased investment in the regional ag-tech industry.
Furthermore, with the advent of new agricultural technologies and gadgets, governments are taking steps to educate and teach people about the proper use of smart irrigation systems. Also, these systems are being used to irrigate fields and grounds in the region, with golf course operators using smart irrigation technology to cut their water use. Therefore, the aforementioned reasons are helping the regional market growth.
The smart irrigation market has the presence of several key players, and in recent years, they have been involved in product launches, collaborations, and acquisitions, in order to stay ahead of their competitors. For instance:
The report offers comprehensive market segmentation analysis along with market estimation for the period 2017–2030.
Based on Application
Based on Component
Based on System
The smart irrigation market size stood at $1,404.4 million in 2021.
During 2021–2030, the growth rate of the smart irrigation market will be around 13.8%.
Controller is used in the largest number in the smart irrigation market.
The major drivers of the smart irrigation market include the low cost of controllers and sensors used in smart irrigation systems, the increase in the penetration of automated monitoring solutions in the farming sector, and the rise in the need to improve landscape and sports turf.
Get a bespoke market intelligence solution
Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws