The soil moisture sensor market had a market value of US$ 234.4 Million by the end of 2022. The soil moisture sensor market is expected to reach US$ 775.0 Million by 2033, growing at a CAGR of 11.8% for 2023 to2033.
| Attributes | Details |
|---|---|
| Estimated Year (2023) Market Value | US$ 257.8 Million |
| Projected Year (2033) Market Value | US$ 775.0 Million |
| CAGR% (2023 to 2033) | 11.8% |
| Top 5 Vendor Market Share | Around 25% |
The soil moisture sensor is a sensor used to determine the volumetric water content in the soil. Straight gravimetric dimension of the moisture in soil has to be eliminated, drying and sample weighting are required. These sensors indirectly measure volumetric water content by utilizing soil rules such as dielectric constant, electrical resistance, otherwise interaction with neutrons, and moisture content replacement. Soil moisture sensor is nearly 3% of the global IoT sensor market.
The soil moisture sensor market is estimated to increase at a growth rate of 11.8% for the forecast period of 2023 to 2033, in comparison to the 12.2% growth of soil moisture sensors for the historic period 2018 to 2022.
Soil moisture sensors can assist farmers in reducing resource consumption to avoid spending on water bills, fertilizers, pesticides, and other inputs. Farmers are continually investing a significant amount of money to purchase soil moisture sensors to produce a high yield. Government incentives, subsidies, or aid from any donor community can assist marginal farmers in adopting advanced soil monitoring technologies.
Public sector investments in agricultural R&D have made the US agricultural industry one of the most significant contributors to cutting-edge technologies.
The steadily increasing implementation of these sensors in the agricultural sector to enhance farm productivity and decrease water usage is expected to fuel market growth during the forecast period. Soil moisture market growth is being driven by farmers' increased use of sensors to improve farm yield and decrease water consumption, in addition to their use in avoiding irrigated agriculture issues.
North America is the region that had the largest market share in 2022, with a market share of 29.6%.
The advancements in sensors, robotics and automation, and remote sensing technology, the use of digital farming techniques have become more prevalent in North America. Soil moisture sensors allow farmers to use technology to boost farm productivity. Sensors also aid in water resource conservation in other application areas such as sports grass fields, residential irrigation, gardening, and ground care.
The South Asia and Pacific region, however, is estimated to witness the highest growth of CAGR at 11.6%.
The United States has adopted smart farming, which incorporates a variety of technologies. The most significant are sensors that utilize a drone to assess local and remote characteristics such as rainwater, water balance, soil humidity, and livestock data. The moisture content of the soil is determined using soil moisture sensors.
They estimate the moisture content by using properties of the soil that include the dielectric constant, electric conductivity, and neutron interaction as proxies. In the United States, these sensors are used in farming, sports, weather prediction, construction, mining, and academic research.
The USA estimated market share value was 20.7% in 2022, with a 9.2% CAGR over the forecast period.
The soil moisture sensor market in India is growing market, as the use of these sensors in agriculture and irrigation systems increases. These sensors are used to measure the moisture content in soil, which helps farmers and growers optimize irrigation schedules and improve crop yields.
The market is expected to grow due to increasing government initiatives to promote precision farming and the adoption of new technologies in agriculture. Additionally, the increasing water scarcity in India is also expected to drive the demand for soil moisture sensors in the country.
This allowed India to have held the market to grow at a CAGR of 13.5%.
The country's early adoption of upcoming and emerging technology is estimated to allow the market to hold a respectable market share.
China uses several technologies in the digitalization of a farm. The most important are sensors that measure metrics like rainfall, water balance, soil moisture, and livestock data both on the soil and remote monitoring using a drone.
China uses it in agriculture, landscaping, and other industries that rely on accurate measurements of soil moisture. The market is driven by factors such as increasing demand for precision agriculture and growing awareness of the importance of conserving water resources.
Due to the above-mentioned reasons, China was estimated to have held a market share of 17.5% in 2022.
The soil water potential sensor market is estimated to have a 59.3% market share due to factors such as soil water potential sensors being widely used to measure soil water potential are significant enough to make, temperature probe psychrometers, thermistor sensors, thermal performance sensors, and correlations with a moisture content of the soil or filter paper that has been balanced with the soil. It assists in the accuracy of farming methods due to its broad potential application in the agricultural sector.
The research studies segment in the soil moisture sensors market is growing with the fastest CAGR of 11.2% owing to various factors like increasing utilization of these sensors in research studies for measuring the accurate needs for cultivation, precise farming methods and for doing plant-specific research in the agricultural industry.
Market participants are focusing on growth strategies in order to boost their penetration in key markets. This included trying to expand regional and worldwide distribution channels, launching new products, forming acquisition alliances, and collaborating with key players.
| Attribute | Details |
|---|---|
| Market value in 2022 | US$ 234.4 Million |
| Market CAGR 2023 to 2033 | 11.8% |
| Share of top 5 players | Around 25% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey, and South Africa |
| Key Segments Covered | Type, End user and Region |
| Key Companies Profiled | 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. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Some leading companies are Decagon Devices, Inc, Acclima, Inc., The Toro Company, Stevens Water Monitoring System, Inc., and Delta-T Devices Ltd.
South Asia and the Pacific region are expected to showcase the highest growth.
Soil water potential sensors have the largest market share for the soil moisture sensor market at 59.3%.
Volumetric soil moisture sensors have the highest CAGR of 12.3% for the forecast period.
USA, Brazil, India, China and Russia.
The market share of South Asia and the Pacific for the year 2022 is 25.9%.
India has the highest CAGR for the forecast period, which is 13.5%.
The CAGR for the forecast period 2018 to 2022 for the soil moisture sensor market was 12.2%.
China had the largest market share in East Asia in 2022, in the soil moisture sensor market with a market share of 17.5% in the region.
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Soil Moisture Sensor Market
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