Technavio's Smart Soil Moisture Sensor Market Research Report Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, and Latest Trends and Drivers

2022-04-25 06:47:58 By : Mr. Dean Yang

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NEW YORK , Feb. 10, 2022 /PRNewswire/ -- The Smart Soil Moisture Sensor market share is estimated to increase by USD 43.45 million from 2020 to 2025, and the market's growth is anticipated to decelerate at a CAGR of 17.75%. Factors such as growing need for improving farm productivity to feed the rising population are significantly driving the smart soil moisture sensor market in this region.

Our research report on "Smart Soil Moisture Sensor Market by Product, Distribution Channel, Application, and Geography - Forecast and Analysis 2021-2025" has extensively covered factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market share during the forecast period.

Smart Soil Moisture Sensor market report key highlights

Smart Soil Moisture Sensor Market Scope

Decelerate at a CAGR of 17.75%

North America, Europe, APAC, South America, and MEA

US, UK, Germany, China, and Brazil

Leading companies, Competitive strategies, Consumer engagement scope

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.

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

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Smart Soil Moisture Sensor Market Share Trend

In the agricultural area, advancements in wireless communication are resulting in increased output. Furthermore, advancements in functional safety and field equipment repair and maintenance are resulting in a crop output level that will expedite the adoption of big data in smart soil moisture sensors. Farmers can receive granular data points on soil conditions, as well as specific information on wind, fertilizer requirements, water availability, and pesticide requirements, using GPS trackers and sensors. Big data's support in data collecting and storage will encourage farmers' decision-making and other activities, which will positively impact market growth during the projection period.

Smart Soil Moisture Sensor Market Challenge

The use of smart soil moisture sensor technology is determined by the size of the land area. Farmers with a tiny land area, for example, may find it difficult to match their investment level to the amount of crop yield in their fields. Although capital expenditures are not a major worry for larger farms, the expense of integrating hardware and software solutions across the entire farm remains a significant challenge. Farmers with minimal technical abilities may not be able to reap the instant benefits of modern technology, which poses a significant barrier for end-users of smart soil moisture sensors. Such factors are projected to have a negative impact on the market's growth over the forecast period.

Get free sample for extensive insights on key market Drivers, Trends, and Challenges influencing the Smart Soil Moisture Sensor market.

The smart soil moisture sensor market share is fragmented, and the vendors are deploying various organic and inorganic strategies to compete in the market.

Some of the key market vendors are:

For more detailed highlights on products offerings and the growth strategies adopted by other vendors, Download free sample report

North America will contribute to 43% of the smart soil moisture sensor market share growth during the forecast period. US, UK, Germany , China , and Brazil are the major markets for smart soil moisture sensor market share.

The rapid adoption of smart farming tools and techniques to gain productivity and growth rate is expected to boost the smart soil moisture sensor market share in the region.

Request our free sample for additional highlights and key segments that are expected to impact the market during the forecast period.

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