Frequently Asked Questions:
The global smart irrigation systems market was valued at USD 1.6 Billion in 2022.
The smart irrigation systems market is expected to grow at a CAGR of 14.2% between 2023 and 2030, reaching USD 4.0 Billion in 2030.
Climate-based is the leading segment by type, holding over 75% share in value in 2022.
Controllers govern the global demand for smart irrigation systems, holding a massive share of over 35% in 2022.
The agriculture segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the smart irrigation systems industry, with an over one-third share in 2022.
The top players include Calsense, Et Water Systems, Inc. (jain irrigation systems ltd.), Hunter Industries, Inc., Hydropoint Data Systems, Inc., and Orbit Irrigation Products LLC (platinum equity)
The major market drivers are the increasing need for efficient water management and conservation practices, IoT and cloud computing technologies advancements, and government initiatives and regulations promoting sustainable agriculture and water conservation.
The major market restraints are the high initial investment required for implementing smart irrigation systems and the limited awareness and technical expertise among farmers.
Expansion of smart agriculture practices in emerging economies, integrating artificial intelligence (AI) and machine learning (ML) algorithms, and increasing demand for water-efficient irrigation systems.