Smart Soil Moisture Sensor Market by Product, Distribution Channel, Application, and Geography - Forecast and Analysis 2021-2025
- Published: Jan 2022
- Pages: 120
- SKU: IRTNTR71984
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The smart soil moisture sensor market share is expected to increase by USD 43.45 million from 2020 to 2025, at a CAGR of 17.75%.
This smart soil moisture sensor market research report extensively covers smart soil moisture sensor market segmentation by product (gypsum blocks, GMS, tensiometer, and others), distribution channel (offline and online), application (agriculture, landscaping, sports turfs, and others), and geography (North America, Europe, APAC, South America, and MEA). The smart soil moisture sensor market report also offers information on several market vendors, including Campbell Scientific Inc., Davis Instruments Corp., Element Materials Technology Group Ltd., Felwood Holding Co., Husqvarna AB, Imagintronix Ltd., Irrometer Co. Inc., RIQ Intelligent Tools Sarl, The Scotts Co. LLC, and The Toro Co. among others.
What will the Smart Soil Moisture Sensor Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Smart Soil Moisture Sensor Market Size for the Forecast Period and Other Important Statistics
Smart Soil Moisture Sensor Market: Key Drivers, Trends, and Challenges
The growing need for improving farm productivity to feed the rising population is notably driving the smart soil moisture sensor market growth, although factors such as high initial investment in smart soil moisture sensor technology may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart soil moisture sensor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Smart Soil Moisture Sensor Market Driver
One of the key factors driving the global smart soil moisture sensor market growth is the growing need for improving farm productivity to feed the rising population. Soil monitoring has grown increasingly vital as the world's population grows, potentially resulting in food shortages. To address the danger of food security for future generations, the farming sector is under enormous pressure to increase agricultural productivity in a variety of ways. Technology has a significant role in increasing crop yield per acre in this area. Good irrigation or water management practices, such as using soil moisture sensors to monitor the water level in the soil, can assist in increasing yields and improving crop quality. These sensors make farming more profitable by assisting in water and energy conservation as well as significant cost savings, which will support the growth of the market in focus during the forecast period.
Key Smart Soil Moisture Sensor Market Trend
Another key factor driving the global smart soil moisture sensor market growth is the big data in smart soil moisture sensors, which is giving rise to a lot of opportunities in the agriculture industry. Improvement in wireless communication in the agricultural field is leading to growth in production level. In addition, improvements in functional safety and repair and maintenance of equipment in the field are giving rise to a crop production level that will accelerate the rate of adoption of big data in smart soil moisture sensors. With the use of GPS trackers and sensors; granular data points on soil conditions; and detailed information on wind, fertilizer requirement, water availability, and pesticide requirements can be conveyed to farmers. The assistance of big data in data acquisition and storage will promote decision-making and other practices used by farmers, which will positively impact the market growth during the forecast period.
Key Smart Soil Moisture Sensor Market Challenge
One of the key challenges to the global smart soil moisture sensor market growth is the high initial investment in smart soil moisture sensor technology. The adoption of smart soil moisture sensor technology depends on the land area. For instance, farmers that have a small land area find it difficult to match the level of investment with the crop production level in their fields. For larger farms, although investments are not a major concern, the integration cost of hardware and software solutions with the entire farm area remains a major challenge. If the farmers have low technical skills, the immediate benefits of advanced technology cannot be achieved, which acts as a major challenge for end-users of smart soil moisture sensors. Such factors are expected to hamper the adoption of data analytics tools and sensors, which is expected to negatively impact the growth of the market in focus during the forecast period.
This smart soil moisture sensor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global smart soil moisture sensor market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart soil moisture sensor market during the forecast period.
Who are the Major Smart Soil Moisture Sensor Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Campbell Scientific Inc.
- Davis Instruments Corp.
- Element Materials Technology Group Ltd.
- Felwood Holding Co.
- Husqvarna AB
- Imagintronix Ltd.
- Irrometer Co. Inc.
- RIQ Intelligent Tools Sarl
- The Scotts Co. LLC
- The Toro Co.
This statistical study of the smart soil moisture sensor market encompasses successful business strategies deployed by the key vendors. The smart soil moisture sensor market is fragmented and the vendors are deploying growth strategies such as business expansion to different emerging markets to compete in the market.
Product Insights and News
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Husqvarna AB - The company offers smart soil moisture sensor products such as Soil Scout.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The smart soil moisture sensor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Smart Soil Moisture Sensor Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the smart soil moisture sensor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global electronic equipment and instruments market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Aftersale service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Smart Soil Moisture Sensor Market?
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43% of the market’s growth will originate from North America during the forecast period. The US is the key market for smart soil moisture sensors in North America. However, market growth in this region will be slower than the growth of the market in Europe, APAC, and MEA.
The rapid adoption of smart farming tools and techniques to gain productivity and growth rate will facilitate the smart soil moisture sensor market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
However, the supply chain for smart agriculture solutions was negatively impacted due to the outbreak of COVID-19. However, with the lifting of lockdown restrictions in H1 2021, various governments have been investing and offering subsidies and loans to farmers to mitigate the after-effects of the pandemic. Factors such as government investment to revive the sector is expected to stimulate the recovery of the market in focus during the forecast period.
What are the Revenue-generating Product Segments in the Smart Soil Moisture Sensor Market?
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The smart soil moisture sensor market share growth by the gypsum blocks segment will be significant during the forecast period. The growth is attributed to the multiple benefits of gypsum blocks over other product types such as affordability, easy installation, and availability.
This report provides an accurate prediction of the contribution of all the segments to the growth of the smart soil moisture sensor market size and actionable market insights on post COVID-19 impact on each segment.
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Smart Soil Moisture Sensor Market Scope |
|
|
Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 17.75% |
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Market growth 2021-2025 |
$ 43.45 million |
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Market structure |
Fragmented |
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YoY growth (%) |
25.27 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 43% |
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Key consumer countries |
US, UK, Germany, China, and Brazil |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Campbell Scientific Inc., Davis Instruments Corp., Element Materials Technology Group Ltd., Felwood Holding Co., Husqvarna AB, Imagintronix Ltd., Irrometer Co. Inc., RIQ Intelligent Tools Sarl, The Scotts Co. LLC, and The Toro Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Smart Soil Moisture Sensor Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive smart soil moisture sensor market growth during the next five years
- Precise estimation of the smart soil moisture sensor market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the smart soil moisture sensor industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart soil moisture sensor market vendors
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1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
Exhibit 08: Key Finding 9
Exhibit 09: Key Finding 10
2. Market Landscape
2.1 Market ecosystem
2.1.1 Parent market
Exhibit 10: Parent market
Exhibit 11: Market characteristics
2.2 Value chain analysis
Exhibit 12: Value chain analysis: Global Electronic Equipment and Instruments Market
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Service
2.2.7 Support activities
2.2.8 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 13: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 14: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 15: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 16: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 17: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 18: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry
4.7 Market condition
Exhibit 23: Market condition - Five forces 2019
5 Market Segmentation by Product
5.1 Market segments
Exhibit 24: Product - Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 25: Comparison by Product
5.3 Gypsum blocks - Market size and forecast 2020-2025
Exhibit 26: Gypsum blocks - Market size and forecast 2020-2025 ($ million)
Exhibit 27: Gypsum blocks - Year-over-year growth 2020-2025 (%)
5.4 GMS - Market size and forecast 2020-2025
Exhibit 28: GMS - Market size and forecast 2020-2025 ($ million)
Exhibit 29: GMS - Year-over-year growth 2020-2025 (%)
5.5 Tensiometer - Market size and forecast 2020-2025
Exhibit 30: Tensiometer - Market size and forecast 2020-2025 ($ million)
Exhibit 31: Tensiometer - Year-over-year growth 2020-2025 (%)
5.6 Others - Market size and forecast 2020-2025
Exhibit 32: Others - Market size and forecast 2020-2025 ($ million)
Exhibit 33: Others - Year-over-year growth 2020-2025 (%)
5.7 Market opportunity by Product
Exhibit 34: Market opportunity by Product
6 Market Segmentation by Application
6.1 Market segments
Exhibit 35: Application - Market share 2020-2025 (%)
6.2 Comparison by Application
Exhibit 36: Comparison by Application
6.3 Agriculture - Market size and forecast 2020-2025
Exhibit 37: Agriculture - Market size and forecast 2020-2025 ($ million)
Exhibit 38: Agriculture - Year-over-year growth 2020-2025 (%)
6.4 Landscaping - Market size and forecast 2020-2025
Exhibit 39: Landscaping - Market size and forecast 2020-2025 ($ million)
Exhibit 40: Landscaping - Year-over-year growth 2020-2025 (%)
6.5 Sports turfs - Market size and forecast 2020-2025
Exhibit 41: Sports turfs - Market size and forecast 2020-2025 ($ million)
Exhibit 42: Sports turfs - Year-over-year growth 2020-2025 (%)
6.6 Others - Market size and forecast 2020-2025
Exhibit 43: Others - Market size and forecast 2020-2025 ($ million)
Exhibit 44: Others - Year-over-year growth 2020-2025 (%)
6.7 Market opportunity by Application
Exhibit 45: Market opportunity by Application
7 Market Segmentation by Distribution channel
7.1 Market segments
Exhibit 46: Distribution channel - Market share 2020-2025 (%)
7.2 Comparison by Distribution channel
Exhibit 47: Comparison by Distribution channel
7.3 Offline - Market size and forecast 2020-2025
Exhibit 48: Offline - Market size and forecast 2020-2025 ($ million)
Exhibit 49: Offline - Year-over-year growth 2020-2025 (%)
7.4 Online - Market size and forecast 2020-2025
Exhibit 50: Online - Market size and forecast 2020-2025 ($ million)
Exhibit 51: Online - Year-over-year growth 2020-2025 (%)
7.5 Market opportunity by Distribution channel
Exhibit 52: Market opportunity by Distribution channel
8. Customer landscape
8.1 Overview
Exhibit 53: ?Customer landscape?
9. Geographic landscape
9.1 Geographic Segmentation
Exhibit 54: Market share by geography 2020-2025 (%)
9.2 Geographic Comparison
Exhibit 55: Geographic comparison
9.3 North America - Market size and forecast 2020-2025
Exhibit 56: North America - Market size and forecast 2020-2025 ($ million)
Exhibit 57: North America - Year-over-year growth 2020-2025 (%)
9.4 Europe - Market size and forecast 2020-2025
Exhibit 58: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 59: Europe - Year-over-year growth 2020-2025 (%)
9.5 APAC - Market size and forecast 2020-2025
Exhibit 60: APAC - Market size and forecast 2020-2025 ($ million)
Exhibit 61: APAC - Year-over-year growth 2020-2025 (%)
9.6 South America - Market size and forecast 2020-2025
Exhibit 62: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 63: South America - Year-over-year growth 2020-2025 (%)
9.7 MEA - Market size and forecast 2020-2025
Exhibit 64: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 65: MEA - Year-over-year growth 2020-2025 (%)
9.8 Key leading countries
Exhibit 66: Key leading countries
9.9 Market opportunity by geography
Exhibit 67: Market opportunity by geography
10. Drivers, Challenges, and Trends
10.1 Market drivers
10.1.1 Growing need for improving farm productivity to feed rising population
10.1.2 Smart soil moisture sensor helps in increasing the overall yield
10.1.3 Need to monitor weather and climatic changes in agriculture
10.2 Market challenges
10.2.1 High initial investment in smart soil moisture sensor technology
10.2.2 Increasing level of e-waste
10.2.3 Lack of technically skilled labor
Exhibit 68: Impact of drivers and challenges
10.3 Market trends
10.3.1 Big data in smart soil moisture sensor
10.3.2 IoT in smart farming
10.3.3 Robots in agriculture
11. Vendor Landscape
11.1 Overview
Exhibit 69: Vendor landscape
11.2 Landscape disruption
Exhibit 70: Landscape disruption
Exhibit 71: Industry risks
11.3 Competitive scenario
12. Vendor Analysis
12.1 Vendors covered
Exhibit 72: Vendors covered
12.2 Market positioning of vendors
Exhibit 73: Market positioning of vendors
12.3 Campbell Scientific Inc.
Exhibit 74: Campbell Scientific Inc. - Overview
Exhibit 75: Campbell Scientific Inc. - Product and service
Exhibit 76: Campbell Scientific Inc. - Key offerings
12.4 Davis Instruments Corp.
Exhibit 77: Davis Instruments Corp. - Overview
Exhibit 78: Davis Instruments Corp. - Product and service
Exhibit 79: Davis Instruments Corp. - Key offerings
12.5 Element Materials Technology Group Ltd.
Exhibit 80: Element Materials Technology Group Ltd. - Overview
Exhibit 81: Element Materials Technology Group Ltd. - Product and service
Exhibit 82: Element Materials Technology Group Ltd. - Key offerings
12.6 Felwood Holding Co.
Exhibit 83: Felwood Holding Co. - Overview
Exhibit 84: Felwood Holding Co. - Product and service
Exhibit 85: Felwood Holding Co. - Key offerings
12.7 Husqvarna AB
Exhibit 86: Husqvarna AB - Overview
Exhibit 87: Husqvarna AB - Business segments
Exhibit 88: Husqvarna AB – Key news
Exhibit 89: Husqvarna AB - Key offerings
Exhibit 90: Husqvarna AB - Segment focus
12.8 Imagintronix Ltd.
Exhibit 91: Imagintronix Ltd. - Overview
Exhibit 92: Imagintronix Ltd. - Product and service
Exhibit 93: Imagintronix Ltd. - Key offerings
12.9 Irrometer Co. Inc.
Exhibit 94: Irrometer Co. Inc. - Overview
Exhibit 95: Irrometer Co. Inc. - Product and service
Exhibit 96: Irrometer Co. Inc. - Key offerings
12.10 RIQ Intelligent Tools Sarl
Exhibit 97: RIQ Intelligent Tools Sarl - Overview
Exhibit 98: RIQ Intelligent Tools Sarl - Product and service
Exhibit 99: RIQ Intelligent Tools Sarl - Key offerings
12.11 The Scotts Co. LLC
Exhibit 100: The Scotts Co. LLC - Overview
Exhibit 101: The Scotts Co. LLC - Product and service
Exhibit 102: The Scotts Co. LLC - Key offerings
&
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- UK
- Germany
- China
- Brazil
- Growing need for improving farm productivity to feed rising population
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