PUBLISHER: Roots Analysis | PRODUCT CODE: 1752085
PUBLISHER: Roots Analysis | PRODUCT CODE: 1752085
As per Roots Analysis, the global smart irrigation market size is estimated to grow from USD 1.89 billion in the current year to USD 7.47 billion by 2035, at a CAGR of 13.28% during the forecast period, till 2035.
The opportunity for smart irrigation market has been distributed across the following segments:
Type of Component
Type of System
Area of Application
Type of Enterprise
Geographical Regions
According to the Food and Agriculture Organization, over 305 million hectares worldwide are currently set up for irrigation. This demonstrates the groundbreaking integration of technology into irrigation. It is important to note that artificial intelligence in irrigation is set to transform the industry as smart technologies are increasingly incorporated into various agricultural practices to enhance crop management and resource use.
Some key benefits of smart irrigation include water and energy savings, reduced labor costs, improved plant health, and substantial long-term cost reductions. Additionally, smart irrigation provides various features, such as weather-responsive and soil moisture monitoring technologies that adjust watering schedules in real-time, remote access via mobile devices, and data analytics for continuous optimization. It is essential to recognize that the adoption of technological innovations like AI and IoT in major industries is increasing due to the rapid expansion of the internet and growing public awareness.
The smart irrigation market is rising as an essential element in the global evolution towards innovation and digital change aimed at achieving greater farming efficiency and water conservation. Internet of Things (IoT) devices have been crucial in realizing the full potential of the smart irrigation market by utilizing sensors to gather real-time information on soil moisture, weather patterns, and crop conditions. Further, AI-powered tools facilitate precise predictive modeling and adaptable irrigation strategies by analyzing data, thereby improving both efficiency and sustainability in water management.
As a result, with ongoing technological advancements and increasing investment, the smart irrigation market is anticipated to grow significantly during the forecast period.
Based on type of component, the global smart irrigation market is segmented into controllers, sensors, water flow meters and others. According to our estimates, currently, sensors capture the majority share of the market. Further, this segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to several factors, including their essential function in improving agricultural output and resource utilization by offering real-time information on soil moisture, temperature, and humidity.
Based on type of system, the smart irrigation market is segmented into sensor-based controller systems and weather-based controller systems. According to our estimates, currently, sensor-based controller systems capture the majority of the market. Further, this segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to its capability to examine extensive datasets from various sources, along with its enhanced efficiency and flexibility in comparison to irrigation control systems that rely on weather data.
Based on area of application, the smart irrigation market is segmented into agricultural and non-agricultural. According to our estimates, currently, non-agricultural segment captures the majority share of the market. This can be attributed to the growing need for effective water management in landscaping, golf courses, and sports venues, especially in urban locations experiencing water shortages.
Based on type of enterprise, the smart irrigation market is segmented into large and small and medium enterprise. According to our estimates, currently, large companies capture the majority share of the market. Further, this segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to its ability to invest in advanced irrigation technologies, leverage significant resources, enhance economies of scale, and promote business expansion.
Based on geographical regions, the smart irrigation market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. However, owing to the significant investments, government programs, and the expanding irrigation sector in nations such as China and India, the market in Asia is anticipated to grow at a relatively higher CAGR during the forecast period.
The report on the smart irrigation market features insights on various sections, including: