The soil moisture sensor market size is projected to reach US$ 831.47 million by 2031 from US$ 275.45 billion in 2023. The market is expected to register a CAGR of 16.4 % in 2023—2031. The market for soil moisture sensors is heavily influenced by factors such as population growth, shortage of arable land, rising food prices, and advancements in agricultural technology.
Soil Moisture Sensor Market Analysis
Farmers understand the importance of managing resources sustainably. Both the environment and agriculture depend heavily on the quality of the soil. Determining the soil's moisture content in agriculture allows for the evaluation of crop production's feasibility and profitability. As a result, there is a growing need for soil moisture sensors throughout the world. Soil moisture sensors find widespread use in agricultural yield forecasts, bioremediation, landfill management, wastewater reclamation, irrigation control, and early drought warning systems.
Soil Moisture Sensor Market Overview
The water content of the soil is measured using soil moisture sensors. Soil moisture content can be measured using a variety of laboratory and field techniques, including remote sensing, although using soil moisture sensor devices is the most efficient and quickest method. Water agencies have long faced challenges in achieving consistent and measurable water savings through the implementation of water use efficiency programs. Programs designed to save landscapes have traditionally concentrated on teaching about scheduling irrigation, maintaining irrigation systems, and choosing plants that are suitable for the local environment. Even though these initiatives have resulted in savings, there is still a lot of room for improvement in landscape irrigation efficiency.
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Soil Moisture Sensor Market: Strategic Insights
Market Size Value in US$ 99.3 Million in 2016 Market Size Value by US$ 288.3 Million by 2025 Growth rate CAGR of 12.68% from 2017-2025 Forecast Period 2017-2025 Base Year 2017
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Soil Moisture Sensor Market: Strategic Insights
| Market Size Value in | US$ 99.3 Million in 2016 |
| Market Size Value by | US$ 288.3 Million by 2025 |
| Growth rate | CAGR of 12.68% from 2017-2025 |
| Forecast Period | 2017-2025 |
| Base Year | 2017 |
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Soil Moisture Sensor Market Drivers and Opportunities
Increase in Adoption of Smart Irrigation Techniques to Favor Market
One of the main problems that countries all over the world are currently facing is a lack of water. Approximately 60% of the freshwater reserves in the globe are thought to be consumed by agriculture, which is the primary user of water for agricultural irrigation. Therefore, a system is needed to effectively control the amount of water used in agriculture. Here, smart irrigation systems are essential because they apply more effective irrigation strategies that both lower water consumption and boost agricultural yield. Soil moisture sensors are useful for figuring out when, where, and how much water a crop needs at any given time. This information helps farmers produce more crops. Installing these sensors is simple, and.
Potential Opportunities in Developing Economies.
Food security is important, particularly in developing nations where environmental deterioration is a severe danger—Agriculture primary one of the prime sources of income in developing economies like China, India, and Brazil. To converge the demand for food production with the rapidly expanding population, these countries must effectively use the available land. The requirement for soil moisture sensors is anticipated to increase in these developing countries because the soil moisture content is important in determining crop production.
Soil Moisture Sensor Market Report Segmentation Analysis
Key segments that contributed to the derivation of the soil moisture sensor market analysis are types and end-user vertical.
- Based on type, the soil moisture sensor market is divided into volumetric soil moisture sensors and soil water potential sensors.
- By end-user vertical, the market is segmented into sports turf, agriculture, landscaping & ground care, forestry, and others.
Soil Moisture Sensor Market Share Analysis by Geography
The geographic scope of the soil moisture sensor market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has dominated the soil moisture sensor market. High technology adoption trends in various industries in the North American region have fuelled the growth of the soil moisture sensor market. Factors such as increased adoption of digital tools and high technological spending by government agencies are expected to drive the North American soil moisture sensor market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of Soil Moisture Sensor market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the soil moisture sensor market.
Soil Moisture Sensor Market Report Scope
Soil Moisture Sensor Market News and Recent Developments
The Soil Moisture Sensor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In January 2023, - CropX Technologies, one of the global leaders in digital solutions for agronomic farm management, announced its acquisition of Tule Technologies, a precision irrigation company based in California. This acquisition brings new data capture technologies to the CropX Agronomic Farm Management System and expands its market in California drip-irrigated specialty crops.
(Source: CropX Technologies, Press Release, 2023)
- In October 2022, Sensoterra launched a new generation of single-depth sensors with a new antenna design. The newly launched sensor has improved the LoRaWAN signal strength by 2 to 4 factors and offers better durability along with increased accuracy.
(Source: Sensoterra, Press Release, 2022)
Soil Moisture Sensor Market Report Coverage and Deliverables
The "Soil Moisture Sensor Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , and End-user Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The global soil moisture sensor market was estimated to be US$ 275.45 million in 2023 and is expected to grow at a CAGR of 16.4% during the forecast period 2024 - 2031.
The increase in the adoption of smart irrigation techniques is the major factors that propel the global soil moisture sensor market growth.
Opportunities in developing economies are impacting the soil moisture sensor, which is anticipated to play a significant role in the global soil moisture sensor market in the coming years.
The key players holding majority shares in the global soil moisture sensor market are Sentek Technologies; Irrometer Company, Inc.; Delta-T Devices Ltd; and Stevens Water Monitoring Systems Inc.; The Toro Company; Acclima, Inc.; Decagon Devices, Inc.; Campbell Scientific, Inc.; IMKO Micromodultechnik GmbH; Spiio, Inc.
The global soil moisture sensor market is expected to reach US$ 831.47 million by 2031
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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