Key Market Insights
"To improve productivity, industries are adopting soil moisture sensors"
Soil moisture sensor is used to monitor the moisture of the soil by measuring volumetric water content of soil. Increasing scarcity of water resource, 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 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 over irrigation problems. The demand for soil moisture sensor is increasing due to gradual shift in the climatic conditions and increasing awareness among farmers.
The key challenge faced by soil moisture sensor market is lack of awareness among farmers. The increasing adoption of soil moisture sensor in applications sports segment, residential society and others provides a greater opportunity for the market. Overall, the global soil moisture sensors market was US$ 172.4 Mn in 2018 and expected to reach US$ 597.1 Mn by 2027, growing at a CAGR of 14.8% from 2019 to 2027.
Market Snapshot
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Connectivity Segment Analysis
"Wired segment dominating the market"
Wired sensors dominated the soil moisture sensor market in 2018 and accounted for the revenue share of over 65.0%. However, there are some problems associated with this product which includes 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 is projected to exhibit the highest growth rate over the forecast period. They are increasingly used to measure volumetric water content in the soil, remotely.
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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 adoption of sensors across the agriculture and sports segments has kept the region at 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 sensor. 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.
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"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:
- Decagon Devices, Inc.
- Acclima, Inc.
- The Toro Company
- Stevens Water Monitoring System, Inc.
- Delta-T Devices 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 is ramping up its LoRaWAN-based technology sales by partnering with 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.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Sensor Type Segment (2017-2027; US$ Mn)
• Volumetric
• Soil Water Potential
|
|
Connectivity Segment (2017-2027; US$ Mn)
• Wired
• Wireless
|
|
Application Segment (2017-2027; US$ Mn)
• Agriculture
• Construction and Mining
• Residential
• Forestry
• Research Studies
• Weather Forecasting
• Others
|
|
Geography Segment (2017–2027; US$ Mn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
The current report also comprehends 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.
Unique data points of this report
- Recent trends across different regions in terms of development of soil moisture sensors market
- Attractive investment proposition for application segment as well as geography
Key questions answered in this report
- What was the market size of soil moisture sensors market in 2018 and forecast up to 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 market?
- 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?
