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2020
Soil Moisture Sensor Market

Soil Moisture Sensor Market By Product (Tensiometric, Volumetric, and Solid-State Sensor), Type (Analog and Digital), and Application (Agriculture, Research, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
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A05097
Pages: 234
Aug 2020 | 6702 Views
Author(s) : Ruchal Humbare , Vineet Kumar
Tables: 171
Charts: 46
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COVID-19

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Soil Moisture Sensor Market Outlook – 2027 

The global soil moisture sensor market was valued at $215.8 million in 2019 and is projected to reach $411.2 million by 2027, registering a CAGR of 9.1% from 2020 to 2027. Currently, the exponential growth of population is the major concern globally, which has led to more acquisition of land for building homes and increase in water consumption in these newly developed residential areas. Hence, the key resources required to produce food are anticipated to diminish in the future. As a result, producing the required quantity of food remains a critical issue. Thus, advancements in technology plays a vital role to improve the production yield and quality. 

Soil Moisture Sensor Market

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Soil moisture sensors are one of the prominent agricultural equipment used to gauge the volumetric water content within the soil. Soil moisture sensors enable farmers to take precise decisions in planning for agricultural activities. In addition, these sensors serve as useful equipment for environmentalists in determining the drought conditions and understand the biodiversity in a region. Moreover, they play an integral role in soil water profiling, pollution monitoring, civil engineering, and forestry. Considering these factors, soil moisture sensor market is estimated to witness a steady growth during the forecast period.

Factors such as surge in adoption of smart agricultural equipment and increase in research activities in the field of agriculture and environment act as the key driving forces of the global soil moisture sensor market growth. However, emergence of soilless farming techniques hinders the growth of the growth. On the contrary, the introduction of wireless soil moisture sensors is expected to offer remunerative opportunities for the growth of the global market during the forecast period. 

The outbreak of COVID-19 has negligible impact on the soil moisture sensor market growth rate in 2020, and the market is anticipated to witness steady growth by the end of 2021. Although partial or complete lockdown was imposed across various countries, agricultural activities were exclusively excluded from lockdown. However, companies faced some delay in procuring raw materials. In addition, the disrupted global supply chain posed some challenges for manufacturers to reach their customers in niche areas. Despite these factors, agricultural activities continued, and the demand for soil moisture sensors from farmers prevailed. 

Soil Moisture Sensor Market
By Product

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Volumetric segment is projected to be the most lucrative segment

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The global soil moisture sensor market is segmented on the basis of product, type, application, and region. Depending on product, the market is fragmented into tensiometric, volumetric, and solid-state sensors. The volumetric segment dominated the soil moisture sensor market in terms of revenue in 2019, and is expected to follow the same trend during the forecast period. 

Soil Moisture Sensor Market
By Type

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Digital segment will dominate the market throughout the forecast period

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On the basis of type, the market is segregated into analog and digital. The analog segment accounted for the highest market share in 2019, and is expected to grow at a high CAGR from 2020 to 2027. The applications covered in the study include agriculture, research, and others. The global soil moisture sensor industry is dominated by the agriculture segment in terms of value. 

Soil Moisture Sensor Market
By Application

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Agriculture segment holds a dominant position in 2019 and would maintain the lead during 2020-2027

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Region wise, the global soil moisture sensor market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).  North America accounted for the highest share, owing to the high dependency of agricultural activities on technology in this region.

Soil Moisture Sensor Market
By Geography

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 10.8% during 2020-2027

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According to a study conducted by Paul Bullock, a soil scientist at the University of Manitoba, the growers in Canada have started to adopt farm-level soil moisture data, as it is benefitting to increase their output cost-effectively. Asia-Pacific was the second largest contributor in terms of revenue, and is expected to witness significant growth during the forecast period, owing to increase in awareness among farmers toward benefits of using soil moisture sensors for increasing productivity. 

Top Impacting Factors

The significant impacting factors of the soil moisture sensor market include increase in demand for food, surge in population, limited availability of arable land, and technological development of agricultural equipment. However, emergence of soilless agriculture is expected to hinder the market growth. Conversely, emergence of wireless sensors is projected to offer remunerative opportunities to the soil moisture sensor industry. Each of these factors is anticipated to have a definite impact on the market during the forecast period.

Competitive Analysis

Competitive analysis and profiles of the major soil moisture sensor market players, such as Acclima Inc., Delta-T Devices Ltd, METER Group Inc., OTT Hydromet GmbH, SDEC France, Smartcultiva Corporation, Spectrum Technologies Inc., Stevens Water Monitoring Systems Inc., Trellis, and Vegetronix Inc. are provided in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration and strengthen their position in the industry.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global soil moisture sensor market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall soil moisture sensor market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current soil moisture sensor market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the soil moisture sensor market.
  • The report includes the soil moisture sensor market share of key vendors and soil moisture sensor market trends.

Key Market Segments & Key Market Players

Segments Sub-segments
By Product
  • Tensiometric
  • Volumetric
  • Solid-state Sensors

By Type
  • Analog
  • Digital

By Application
  • Agriculture
  • Research
  • Others

By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players
  • Acclima, Inc.
  • Delta-T Devices Ltd.
  • METER Group, Inc.
  • OTT Hydromet GmbH
  • SDEC France
  • Smartcultiva Corporation
  • Spectrum Technologies, Inc.
  • Stevens Water Monitoring Systems Inc.
  • Trellis, Inc.
  • Vegetronix, Inc.
 

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  The world is witnessing fourth agricultural revolution. Farmers are acutely aware of need of sustainable resource management. Soil is of utmost importance for agriculture as well as for ecosystem. In agriculture, determination of soil moisture content enables assessment of profitability and viability of crop production. Thus, the demand for soil moisture sensors is gaining momentum globally. Some of the common applications of soil moisture sensors include irrigation management, bioremediation, landfill management, wastewater reclamation, crop yield forecasting, and early alerting of drought conditions.

The traditional methods used for soil moisture measurement have been limited to in-situ measurements, and hence remote sensing techniques are commonly used to obtain results from soil moisture sensors. However, companies and researchers are focusing to develop digital soil moisture sensors integrated with other advanced technologies such as Big Data analytics and machine learning to boost the adoption of smart agriculture techniques.   

The soil moisture sensor market is expected to witness notable growth from 2019 to 2027, due to increase in adoption of precise farming in various countries for more quality and quantity production. Precise farming involves implementation of soil moisture sensors in every field and continuous monitoring of moisture content in the soil, which, in turn, boosts the market growth rapidly.   

Various leading manufacturers such as Acclima Inc., Delta-T Devices Ltd, METER Group Inc., OTT Hydromet GmbH, SDEC France, Smartcultiva Corporation, Spectrum Technologies Inc., Stevens Water Monitoring Systems Inc., Trellis, and Vegetronix Inc.  occupy a prominent revenue share in the soil moisture sensor market.

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FREQUENTLY ASKED QUESTIONS?

A. The Soil Moisture Sensor Market is expected to grow at a CAGR of 9.1% from 2020 to 2027.

A. The Soil Moisture Sensor Market is projected to reach $411.2 million by 2027.

A. To get the latest version of sample report

A. Surge in adoption of smart agricultural equipment and increase in research activities in the field of agriculture and environment boosts the Soil Moisture Sensor market growth.

A. The key players profiled in the report include Acclima Inc., Delta-T Devices Ltd, METER Group Inc., OTT Hydromet GmbH, SDEC France, Smartcultiva Corporation, Spectrum Technologies Inc., and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Soil Moisture Sensor Market is segmented on the basis of product, type, application, and region.

A. The key growth strategies of Soil Moisture Sensor market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Volumetric segment is projected to be the most lucrative segment.

A. North America region will dominate the market throughout the forecast period.

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