Soil Moisture Sensors Market By Sensor Type (Volumetric, Soil Water Potential), By Connectivity (Wired, Wireless), By Application (Agriculture, Construction and Mining, Residential, Forestry, Research Studies, Weather Forecasting, Others) - Growth, Future Prospects, and Competitive Analysis, 2019 - 2027
To improve productivity, industries are adopting soil moisture sensors.
A 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 the adoption of soil moisture sensors in a wide range of applications, such as agriculture, sports turf and ground, weather forecasting, forestry, residential use, landscaping and ground care, research studies, and construction.
The agricultural applications of the soil moisture sensor market are a major driving factor of the market. 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 overirrigation problems. The demand for soil moisture sensors is increasing due to a gradual shift in climatic conditions and increased awareness among farmers.
The key challenge facing the soil moisture sensor market is a lack of awareness among farmers. The increasing adoption of soil moisture sensors in applications in the sports segment, residential society, and others provides a greater opportunity for the market. Overall, the global soil moisture sensors market was worth US$ 172.4 million in 2018 and is expected to be worth US$ 597.1 million by 2027, growing at a 14.8% CAGR from 2019 to 2027.
Market Snapshot
Connectivity Segment Analysis
The wired segment is dominating the market.
Wired sensors dominated the soil moisture sensor market in 2018 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 widest applications in horticulture, agricultural science, botany, biology, and environmental science. The wireless soil moisture sensor segment is projected to exhibit the highest growth rate over the forecast period. They are increasingly being used to remotely measure the volumetric water content of the soil.
Regional Analysis
North America dominating the global market by region
North America dominated the market in 2018, with around 38% of the global market. Relatively higher sensor adoption in agriculture and sports has kept the region at the top. The U.S. is home to a large number of soil moisture sensor manufacturers, such as Campbell Scientific, Inc. and The Toro Company. Stringent environmental regulations and the rising adoption of precision farming and yield monitoring practices by large and small farm owners to boost the productivity of fields are expected to drive the market.
The Asia Pacific region is estimated to register the highest CAGR of 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" in India, has further added to the demand. This is expected to increase the utilization of soil moisture sensors. Furthermore, the rising concern over 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 favorable government policies and the 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 partnerships with other companies and the 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:
Decagon Devices, Inc.
Acclima, Inc.
The Toro Company
Stevens Water Monitoring System, Inc.
Delta-T devises Ltd.
AquaCheck Pvt. Ltd.
Irrometer Company, Inc.
Sentek Pvt. Ltd.
Campbell Scientific, Inc.
METER Group, Inc.
IMKO Micromodultechnik GmbH
Spectrum Technologies, Inc.
Others
Key Industry Development:
In July 2019, soil-moisture solutions company Sensoterra was ramping up its LoRaWAN-based technology sales by partnering with the Internet of Things (IoT) company Kerlink. By using the Kerlink reference design in its wireless sensors, Sensoterra intends to provide wireless soil-moisture sensors faster and in larger numbers than before and to make them available globally.
Periods of History and Forecast
The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
Market Segmentation
The current report also encompasses qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the global soil moisture sensors market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Key questions are answered in this report.
What was the size of the soil moisture sensor market in 2018, and what is the forecast through 2027?
What are the key factors driving the global soil moisture sensors market?
What are the key market trends and high-growth opportunities observed in the soil moisture sensors market?
Which is the largest regional market for soil moisture sensors?
Which segment will grow at a faster pace? Why?
Which region will drive the market growth? Why?
Which players are leading the soil moisture sensors market?
What are the key strategies adopted by the leading players operating in the market?
Frequently Asked Questions:
The market for Soil Moisture Sensors Market is expected to reach US$ 597.1 million by 2027.
The Soil Moisture Sensors Market is expected to see significant CAGR growth over the coming years, at 14.8%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Decagon Devices, Inc., Acclima, Inc., Stevens Water Monitoring System, Inc., Delta-T devises Ltd., Irrometer Company, Inc., Sentek Pvt. Ltd. are some of the major players in the global market.
