According to the research report titled ‘Global Smart Irrigation Market Size study, By Component (Controllers, Sensors, Meters, Others), By System Type (Weather-based, Sensor-based), By Application (Agriculture, Golf Course, Residential, Others), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global smart irrigation market is anticipated to register a healthy CAGR between 2022 and 2028.

Business analysts cite that global smart irrigation market growth is attributed to increasing government measures to promote water conservation, development of smart cities, and rising demand for effective irrigation systems.

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For the unversed, smart irrigation is a technique for fusing cutting-edge technologies that are mostly used for precision farming. By using controllers, sensors, and meters, these intelligent irrigation systems assist in monitoring soil condition, weather, and plant water use in order to adjust the watering schedule. These systems are rapidly catching on in the residential, golf course, and agricultural sectors.

Furthermore, wide integration of smartphones with wireless irrigation controllers, and rising demand for 5G networks for remote monitoring are expected to augment industry outlook in the coming years.

However, large initial expenditures, a lack of technical knowledge and skills among farmers, as well as connection challenges related to the installation of smart irrigation systems in rural regions may stifle global smart irrigation market expansion during the stipulated timeframe.

Based on component, the market is divided into meters, sensors, controllers, and others. In terms of system type, the industry is split into sensor based and weather based. On the basis of application ambit, the marketplace is segregated into residential, golf course, agriculture, and others.

Regionally, North America is spearheading the industry growth at present, owing to rising spending on technological advancements, surging investments in R&D, and expanding energy efficiency efforts in the region. Whereas Asia Pacific market is poised to progress notably over the study period, owing to the surge in smartphone demand, economic development of South Korea, India, Japan, and China, and growing penetration of internet in the region.

Coming to the competitive arena, Skydrop Ltd., Calsense, Banyan Water Inc., Weathermatic, Stevens Water Monitoring Systems Inc., HydroPoint Data Systems, Netafim, Hunter Industries, The Toro Company, and Rain Bird Corporation are the major players in worldwide smart irrigation marketplace.