Even though, at present, at its initial phase, the international smart irrigation market is prospective to display terrific growth over the forthcoming years on account of the significant role of technology in irrigation. The global market is set to observe a growth of 17.2% CAGR between 2016 and 2022, attaining a value of US$ 1,504.6 million by the end of 2022.
Constant developments in communication technology and implementation of irrigation drones are the key breaks for the smart irrigation market. Wireless communication technologies aid the cultivators or residential-users to remotely handle their irrigation systems. Cutting-edge wireless sensors help in movement and ease. With the developments in technology, compatibility between control center and equipment is amplified, which sequentially will augment the competence of the complete irrigation system. Know-hows like real-time soil moisture management systems and irrigation-drones are at preliminary stages. Drones help in amassing actual data on field to make rapid decision on water necessities for irrigation. Drones will help in minimizing under or overwater condition, seepage, and failure in irrigation system with the use of thermal cameras, therefore leading to optimal deployment of resources.
Smart irrigation makes use of various technologies in the process of irrigation. These advanced irrigation systems comprise sensor networks that help in the actual monitoring of weather and soil settings. Improvements and inventions in technology has led to the competent water management, increased output of land and yield, and decrease in depletion of resources. As a result, farmers are now gradually embracing advanced farming practices to reduce the labor as well as upsurge their agricultural yield.
North America held the largest market share in 2015, and this tendency is likely to continue in the coming years, with the US being the major market amongst countries. Nevertheless, the market in Asia-Pacific is projected to grow at the highest CAGR, consequently posing noteworthy growth prospects for the smart irrigation market in the upcoming years. It is one of the developing markets, with China and Australia being the leading markets in this region. Aspects such as growing alteration of climatic conditions, sturdy government backing, enhanced productivity, and decline in water wastage are some of the factors driving this market..
Smart irrigation systems necessitate high capital investment in the fitting of irrigation devices. It encompasses the usage of numerous sensors, controllers, and network elements to excerpt the data on soil features, plant category, and climate info for assessing the quantity of water required by land or crops. Small land owners or household users find it tough to spend in such equipment. This issue is predominantly high in developing markets such as Brazil, India, and China.
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