The global soil moisture sensors market size is expected to reach USD 544.4 million by 2030 according to a new study by Polaris Market Research. The report “Soil Moisture Sensors Market Share, Size, Trends, Industry Analysis Report, By Sensor; By Application (Agriculture, Construction and Mining, Residential, Forestry, Landscaping and Ground Care, Research Studies, Sports, Weather Forecasting), By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global market is being driven by the growing adoption of innovative and modern agriculture techniques in emerging economies and the increased proliferation of loam moisture sensors in various end-use verticals such as residential and agricultural sectors. Other factors likely to support the industry growth throughout the forecast period include continual changes in climatic conditions and a rise in production rate owing to the high demand for such sensors in the agriculture sector.
Furthermore, loam detectors help environmentalists understand how the natural environment works, which is projected to drive industry expansion. Moreover, the adoption of smart agriculture techniques and the development of wireless loam detectors are projected to generate attractive growth potential. Furthermore, government initiatives to increase loam fertility and thereby grow crop production will foster industry growth. For instance: In June 2021, National Integrated Drought Information System (NIDIS) and partners launched the National Coordinated Soil Moisture Monitoring NetworkNCSMMN strategy for coordinated, high-quality, nationwide loam information for the public good.
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Agriculture, residential, construction and mining, landscaping and ground care, forestry, research projects, and weather forecasting are just a few industries and verticals where loam moisture detectors are used. In 2021, the agriculture segment dominated in terms of revenue in the industry. Farmers have been able to cut water use while increasing overall food output and further by expanding the use of sensors in agricultural regions. In the coming years, these advantages are projected to propel the segment. Furthermore, the industry is being driven by governments across the globe, focusing more on water conservation to increase crop quality.
Market participants such Campbell Scientific Inc., Acclima, Inc., Delta-T Devices Ltd, METER Group, Inc., OTT Hydromet GmbH, Irrometer Company, Inc., SDEC, Smartcultiva Corporation, Sentek, Spectrum Technologies, Inc., Stevens Water Monitoring Systems Inc., Spiio, Toro Company, Trellis, and Vegetronix Inc. are some of the key players operating in the global market.
In March 2021, Monnit introduced the ALTA Soil Moisture Sensor, designed to suit AgriTech's market need. This sensor notifies customers how much, when, and where to water their crops or commercial landscaping using a mobile device or PC. Similarly, in May 2021, Soil Scout has increased its presence in the United States by announcing its comprehensive integration package with GreenSight.
Polaris Market Research has segmented the soil moisture sensors market report on the basis of the sensor, connectivity, application, and region:
Soil Moisture Sensors, Sensor Outlook (Revenue - USD Million, 2018 - 2030)
Soil Moisture Sensors, Connectivity Outlook (Revenue - USD Million, 2018 - 2030)
Soil Moisture Sensors, Application Outlook (Revenue - USD Million, 2018 - 2030)
Soil Moisture Sensors, Regional Outlook (Revenue - USD Million, 2018 - 2030)