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According to the estimates by IMARC Group, the global smart irrigation market is expected to witness a CAGR of 15.3% during 2021 to 2026.
The increasing penetration of automated, digital monitoring systems in the agriculture sector represents one of the key drivers for the global smart irrigation market.
The rising integration of numerous advanced technologies, such as wireless sensors, AI with irrigation sprinklers and dripping systems, solar-powered batteries, etc., represents one of the key trends in the global smart irrigation market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units pertaining to smart irrigation components.
On the basis of the component, the market has been bifurcated into hardware and software. Currently, hardware holds the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global smart irrigation market are AquaSpy, Inc., Banyan Water, Inc., Caipos GmbH, Calsense, Delta-T Devices Ltd., Jain Irrigation, Inc., Galcon Ltd., Hunter Industries Incorporated, HydroPoint Data Systems, Inc., Netafim Limited, Rachio, Inc., Rain Bird Corporation, Soil Scout Oy, The Toro Company, and Weathermatic.
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