As per Meticulous Research®, the Smart Irrigation Market is set to achieve $10.2 billion by 2030, growing at a CAGR of 22.4% from 2024 to 2030. This growth is driven by the increasing need for water efficiency, supportive government policies, and the growing adoption of technologies such as IoT sensors, Wi-Fi, and GPS in irrigation systems.
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Barriers to Growth
Challenges such as high installation costs and inadequate water infrastructure in developing nations are significant barriers to market growth and may limit expansion in certain areas.
Market Segmentation Overview
The market is segmented by type into weather-based and soil moisture-based irrigation. Soil moisture-based irrigation is expected to dominate in 2024 due to its low cost and efficiency in measuring soil moisture.
Irrigation Types and Trends
The market includes sprinkler, drip, surface, pivot, and other irrigation methods. The sprinkler irrigation segment is projected to lead in 2024, while drip irrigation is expected to grow the fastest due to its cost benefits and efficiency.
Components and Applications
The market components are monitoring, controlling, connectivity, and software. Monitoring components are forecasted to have the largest share in 2024. Non-agricultural uses, including golf courses and sports grounds, are expected to dominate the end-use segment.