Smart Irrigation Market to Benefit from Technological Advances
Smart Irrigation Market to Benefit from Technological Advances
Jan 12, 2022

Smart Irrigation Market to Benefit from Technological Advances

Smart irrigation systems use controllers, sensors, and meters to automate the irrigation system and monitor weather, soil, and water conditions. They are efficient, data-driven, and cost-effective. Smart irrigation systems have gained in popularity in recent years as a result of considerable expansion in modern agriculture and rising acceptance in non-agricultural applications. Traditional irrigation methods and systems are still widely employed; however, up to 50% of this water is lost owing to overwatering caused by inefficiencies in these methods and systems. The solution is smart irrigation technology.

The outbreak of the COVID-19 pandemic has wreaked havoc on the worldwide semiconductor sector in two ways. Due to the lockdown, enforced mobility limitations, and stay-at-home orders, makers of electronic components and devices such as different sensors such as temperature sensors and other hardware parts encountered a lack of raw materials and personnel. COVID-19 has also caused large smart irrigation component imports and exports to be affected all over the world. The growing use of cellphones throughout the world's population, particularly among young adults, has paved the way for technological advancements in a variety of industries, including agriculture. Furthermore, technological improvements in the telecom business have aided in the expansion of network connection and the expansion of the company's customer base. This way it affects the smart irrigation market.

The global smart irrigation market was valued USD 1,150 million in 2021 and is expected to exhibit a CAGR of 15.20% over the forecast period from 2021 to 2030, as per a market study by Quince Market Insights.

The Internet of Things (IoT) and the convergence of different control functions: 

To prevent water waste and preserve plant health and quality, the smart irrigation system uses advanced meteorological data, soil moisture information, temperature, and wind-flow sensors and controls. Government programs to encourage water conservation should be expanded. Moreover 690 million people (or over 8.9% of the world's population) are hungry, a figure that has risen by more than 60 million in the previous half-decade. As a result, governments all around the world are working to save water for future usage.

Implementation of smart irrigation technology in fragmented land: 

Due to traditional land inheritance and transmission methods, land fragmentation has increased the number of landholders owning tiny areas across the world, particularly in China, India, and the Mediterranean region. 

High technological costs and inadequate technical knowledge and skills among farmers: 

Due to the high cost of installation, the adoption of these technologies, particularly by small farms, raises budget restrictions. Furthermore, due to a lack of technical knowledge and essential skills among end-users, farmers find it difficult to maintain and run smart irrigation systems.

Lack of standardization: 

The smart irrigation system makes use of a variety of technologies, such as communication and interfaces, to manage and regulate irrigation based on plant demands and environmental circumstances. The irrigation systems, on the other hand, lack uniformity, which has an impact on the system's quality, dependability, cost, features, and capacities, among other things.

High cost of electronics: 

Because of the technology used in smart irrigation systems, such as controllers, sensors that detect soil moisture, rain & freeze conditions, wind flow, and temperature, and communication equipment, smart irrigation systems have a high cost of adoption.

Due to factors such as rising adoption of IoT-based irrigation practices in countries such as China and India, increasing penetration of smartphones and other devices to remotely access field data, and rising investments in the ag-tech sector in the APAC region, the market in APAC is expected to grow at the highest CAGR during the forecast period. Furthermore, due to strict government water-conservation regulations, there is a considerable need for smart irrigation in this region.

Key Market Players

Rain Bird Corporation (US), The Toro Company (US), Hunter Industries (US), Netafim (Israel), HydroPoint (US), Manna Irrigation (Israel), Stevens Water Monitoring Systems (US), Galcon (Israel), Rachio (US), Weathermatic (US). Apart from these, Jain Irrigation Systems (India), Banyan Water (US), Delta-T Devices (UK), Calsense (US), Skydrop (US), AquaSpy  (US), Soil Scout  (Finland), Caipos  (Austria), Acclima (US), Rain Machine  (US)


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