Smart Irrigation Market - Expand at the Highest CAGR of 16.6%

Posted by RASHMI on March 6th, 2019

The global smart irrigation market is intensely competitive, which is expected to up over the years, finds Transparency Market Research (TMR). The pace of new product developments and innovations in the global smart irrigation market heavily influences the contours. A majority of players in the global smart irrigation market consider spending on research and development activities as a worthwhile strategy to strengthen theirs shares in the global smart irrigation market.

The global smart irrigation market is driven by the need for bringing advancements in food production in various developing and developed regions. The intensifying need for reducing the reliance of agriculturists on rainfall for water needs in irrigation in developing economies has offered a big momentum to the growing significance of such technologies.

In addition, rising need for minimizing excess water use in the agriculture sector is expected to bolster the need for smart irrigation technologies. These technologies enable agriculturists to monitor soil temperature and soil moisture, which helps in correctly estimating water needs of plants. Furthermore, the demand or smart irrigation systems is propelled by growing awareness about several long-term benefits of smart irrigation on soil quality and agricultural yield.

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The global smart irrigation market is expected to garner a large gain from the rising adoption of an array of wireless communication systems and sensors. Constant technological advances in networked sensors and microcontrollers used in smart irrigation systems are anticipated to boost the market. Substantial adoption among agricultural professionals world over is expected to accentuate the growth.