Precision Irrigation Market by Type (Sprinkler Irrigation, Drip Irrigation), Component (Controllers, Sensors, Water Flow Meters), Technology Type, End Use (Agriculture, Nonagriculture), and Region - Global Forecast to 2029
The precision irrigation market is estimated at USD 4.18 billion in 2024 and is projected to reach USD 6.29 billion by 2029, at a CAGR of 8.5% from 2024 to 2029. Unpredictable rainfall patterns are making conventional farming methods difficult. These patterns can cause crops to be either overwatered or underwatered, which can result in financial losses. Regions like Sub-Saharan Africa, the Southwest US, and Australia are particularly affected by this issue. To tackle these challenges, farmers are turning to precision irrigation systems that use advanced technologies to ensure optimal water use. These systems provide the right amount of water at the right time, helping farmers manage the risks associated with climate variability and improve crop resilience and yield.
Scope of the Report
Years Considered for the Study
2024-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD)
Segments
By Type, Technology Type, Component, End Use, and Region
Regions covered
North America, Europe, Asia Pacific, South America, and RoW
Artificial intelligence (AI) and precision agriculture are transforming the farming industry and creating new opportunities for both producers and farmers. AI systems can analyze data from various sources, including soil moisture levels, weather forecasts, and crop health indicators, to offer real-time irrigation recommendations. This level of data-driven decision-making allows farmers to apply water precisely when and where it is needed, increasing resource efficiency and lowering operating costs.
Disruption in the precision irrigation market: The market for precision irrigation is experiencing tremendous disruption, mostly as a result of the quick developments in technology and changes in consumer preferences. The advent of IoT-enabled devices and smart irrigation systems has redefined traditional agricultural practices. These technologies facilitate remote monitoring and control of irrigation systems, enabling farmers to manage their water usage more effectively than ever before. For instance, systems with moisture sensors can determine when the soil is adequately hydrated, avoiding over-irrigation and guaranteeing that crops get the right amount of water. This change preserves important water resources while also increasing yield.
In addition, the management of precision irrigation systems is changing due to the development of data analytics and machine learning. Predictive analytics can be used by farmers to forecast the amount of irrigation required based on soil conditions and weather patterns, improving their ability to make decisions. As a result, there is a growing trend toward data-driven farming, which requires a new skill set among agricultural workers and pushes manufacturers to invest in user-friendly interfaces and educational resources to help farmers adapt.
"The nonagriculture segment dominated the end use segment of precision irrigation market."
The nonagricultural sector leads the precision irrigation market due to the growing need for efficient water management in landscapes, residential areas, and golf courses. As urbanization rises, there is a growing need for sustainable methods to protect scenic green spaces and water resources. Precision irrigation technology is crucial for nonagricultural applications because it offers customized watering solutions while maximizing water use and decreasing waste. Golf courses also require precise irrigation to maintain optimal playing conditions, which drives up demand. Precision irrigation technologies are increasingly being prioritized in nonagricultural sectors due to their larger budgets and faster returns on investment than in agriculture.
"The subsurface drip irrigation sub-segment is growing at a highest CAGR among the drip irrigation segment of precision irrigation market."
Subsurface drip irrigation is projected to achieve the highest CAGR in the drip irrigation segment because of its effectiveness in supplying water directly to plant roots, thereby reducing evaporation and runoff. This method is crucial for precision irrigation, especially in regions with limited water, as it enhances water conservation and ensures better nutrient delivery to crops. The increasing demand for sustainable agricultural practices and higher crop yields drives its adoption over traditional surface drip systems, which are less efficient and more susceptible to water loss. Thus, subsurface drip irrigation meets both economic and environmental goals in modern agriculture.
During the forecast period, the South America within the region segment is estimated to witness the significant CAGR in the precision irrigation market.
The market for precision irrigation is expected to grow significantly in South America because of the region's plentiful water resources, which make up 30.8% of the world supply. However, challenges like population growth and rapid urbanization have intensified pressure on these resources, leading to water scarcity and quality issues. Ten percent of the world's irrigated land is located in South America, primarily used for agriculture, which accounts for 70% of all water withdrawals, according to the Food and Agricultural Organization (FAO). However, there are challenges such as uneven water distribution and water quality issues that emphasize the need for precision irrigation solutions.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the precision irrigation market:
By Company Type: Tier 1 - 55%, Tier 2 - 35%, and Tier 3 - 10%
By Designation: CXO's - 33%, Managers - 25%, Executives- 42%
By Region: North America - 30%, Europe - 35%, Asia Pacific - 20%, South America - 10% and Rest of the World -5%
Prominent companies in the market include Valmont Industries, Inc. (US), NETAFIM (Israel), Hunter Industries Inc. (US), The Toro Company (US), Rain Bird Corporation (US), Lindsay Corporation (US), Rivulis (Israel), HydroPoint (US), REINKE MANUFACTURING CO., INC. (US), AZUD (Spain), T-L Irrigation (US), Mahindra Irrigation (India), Metzer (Israel), Dragon-Line (US), Hortau (US), CropX inc. (Israel), and Weathermatic (US).
Other players include Chinadrip Irrigation Equipment (Xiamen) Co., Ltd (China), Elgo Irrigation Ltd. (Israel), AquaSpy (US), Grodan by ROCKWOOL A/S (Netherlands), Libelium Comunicaciones Distribuidas S.L. (Spain), DIG CORPORATION (US), Trimble Inc. (US), and BERMAD CS Ltd. (Israel).
Research Coverage:
This research report categorizes the precision irrigation market precision irrigation market by type (sprinkler irrigation, drip irrigation, other types), component (controllers, sensors, water flow meters, other components), technology type (IoT based precision irrigation, AI and machine learning algorithms in irrigation, GPS and GIS based irrigation systems, and cloud computing and data analytics), end use (agriculture, nonagriculture), and region (North America, Europe, Asia Pacific, South America, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of precision irrigation. A detailed analysis of the key industry players has been done to provide insights into their business overview, services, key strategies, contracts, partnerships, agreements, new service launches, mergers and acquisitions, and recent developments associated with the precision irrigation market. Competitive analysis of upcoming startups in the precision irrigation market ecosystem is covered in this report. Furthermore, industry-specific trends such as technology analysis, ecosystem and market mapping, patent, regulatory landscape, among others, are also covered in the study.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall precision irrigation and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (government initiatives to promote water conservation), restraints (high initial investment costs of precision irrigation systems), opportunities (increasing adoption of precision agriculture and sustainable practices), and challenges (lack of training and awareness among farmers) influencing the growth of the precision irrigation market.
New product launch/Innovation: Detailed insights on research & development activities and new product launches in the precision irrigation market.
Market Development: Comprehensive information about lucrative markets - the report analyzes the precision irrigation across varied regions.
Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the precision irrigation market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, brand/product comparison, and product food prints of leading players such as Valmont Industries, Inc. (US), NETAFIM (Israel), Hunter Industries Inc. (US), The Toro Company (US), Rain Bird Corporation (US), and other players in the precision irrigation market.
7.2.1 SURGING NEED TO INCREASE RESOURCE EFFICIENCY, MAXIMIZE AGRICULTURAL PRODUCTIVITY, AND SAVE COSTS TO DRIVE MARKET
7.2.2 TRADITIONAL SPRINKLERS
7.2.2.1 Cheap prices, ease of operation, and low maintenance to drive demand for traditional sprinkler systems
7.2.3 CENTER PIVOT SPRINKLERS
7.2.3.1 Low labor & maintenance requirements, convenience, performance, and flexibility to propel market growth
7.2.4 LATERAL/LINEAR MOVE SPRINKLERS
7.2.4.1 Low capital costs and uniform pressure along length to boost market
7.3 DRIP IRRIGATION
7.3.1 IMPROVED YIELD & QUALITY AND ABILITY TO MAINTAIN UNIFORM MOISTURE NEAR ROOT ZONE TO BOLSTER MARKET GROWTH
7.3.2 SURFACE DRIP IRRIGATION
7.3.2.1 Low cost of installation and easy navigability to boost market
7.3.3 SUBSURFACE DRIP IRRIGATION
7.3.3.1 Efficient water use, healthy root development, reduced weed growth, and enhanced accessibility to foster market growth
7.4 OTHER TYPES
8 PRECISION IRRIGATION MARKET, BY TECHNOLOGY TYPE
8.1 INTRODUCTION
8.2 IOT-BASED PRECISION IRRIGATION
8.2.1 PRECISION FARMING THROUGH REAL-TIME DATA COLLECTION AND ANALYSIS TO DRIVE MARKET
8.3 AI & ML ALGORITHMS IN IRRIGATION
8.3.1 INCREASING DEMAND FOR MONITORING REAL-TIME DATA AND DATA-DRIVEN DECISION-MAKING TO ACCELERATE MARKET GROWTH
8.4 GPS- AND GIS-BASED IRRIGATION
8.4.1 INCREASING NEED FOR CREATION OF TAILORED IRRIGATION PLANS BASED ON SPECIFIC FIELD CONDITIONS TO DRIVE MARKET
8.5 CLOUD COMPUTING & DATA ANALYTICS
8.5.1 RISING DEMAND FOR ENHANCED DECISION-MAKING, IMPROVED WATER EFFICIENCY, AND SUSTAINABLE AGRICULTURE TO PROPEL MARKET GROWTH
9 PRECISION IRRIGATION MARKET, BY COMPONENT
9.1 INTRODUCTION
9.2 CONTROLLERS
9.2.1 GROWING NEED FOR OPTIMIZING WATER USAGE AND IMPROVING OVERALL EFFICIENCY TO DRIVE DEMAND FOR CONTROLLERS
9.3 SENSORS
9.3.1 SURGING DEMAND FOR DETERMINATION OF OPTIMAL IRRIGATION SCHEDULES, WATER, AND FERTILIZER REQUIREMENTS TO FUEL MARKET GROWTH
9.3.2 SOIL MOISTURE SENSORS
9.3.2.1 Growing need for enhancing land and crop productivity by preventing overwatering to boost market
9.3.3 TEMPERATURE SENSORS
9.3.3.1 Increasing importance of temperature monitoring for crop protection and irrigation timing to drive demand for temperature sensors
9.3.4 RAIN/FREEZE SENSORS
9.3.4.1 Surging need for avoidance of unnecessary irrigation during rainfall to drive market
9.3.5 FERTIGATION SENSORS
9.3.5.1 Surging demand for balancing water and nutrient requirements to accelerate market growth
9.3.6 OTHER SENSORS
9.4 WATER FLOW METERS
9.4.1 INCREASING WATER SCARCITY AND GROWING AWARENESS OF WATER CONSERVATION TO DRIVE DEMAND FOR WATER FLOW METERS
9.5 OTHER COMPONENTS
10 PRECISION IRRIGATION MARKET, BY END USE
10.1 INTRODUCTION
10.2 AGRICULTURE
10.2.1 WATER CONSERVATION AND PRECISE APPLICATION OF FERTILIZERS TO FUEL MARKET GROWTH
10.2.2 OPEN-FIELD AGRICULTURE
10.2.2.1 Rising need to address global food security and water scarcity to drive adoption of precision irrigation in open-field agriculture
10.2.2.2 Cereals & grains
10.2.2.2.1 Increasing demand for efficient resource management and rising need to mitigate impacts of climate change to foster market growth
10.2.2.2.2 Rice
10.2.2.2.3 Maize
10.2.2.2.4 Wheat
10.2.2.2.5 Other cereals & grains
10.2.2.3 Oilseeds & pulses
10.2.2.3.1 Government initiatives and subsidies to drive market
10.2.2.3.2 Soybean
10.2.2.3.3 Rapeseed
10.2.2.3.4 Cotton
10.2.2.3.5 Groundnut
10.2.2.3.6 Other oilseeds & pulses
10.2.2.4 Vegetables
10.2.2.4.1 Rising consumer preference for fresh and high-quality produce to drive demand for precision irrigation
10.2.2.4.2 Roots & tubers
10.2.2.4.3 Brassicas
10.2.2.4.4 Other vegetables
10.2.2.5 Fruits & nuts
10.2.2.5.1 Increasing need for high-profit margins and reduction of crop stress to drive market
10.2.2.5.2 Citrus fruits
10.2.2.5.3 Berries
10.2.2.5.4 Other fruits & nuts
10.2.2.6 Plantation crops
10.2.2.6.1 Demand for consistent crop quality and yield to drive adoption of precision irrigation in plantation crops
10.2.3 CONTROLLED ENVIRONMENT AGRICULTURE
10.2.3.1 Rising demand for efficient farming solutions in limited urban spaces to drive adoption of precision irrigation in controlled environment agriculture
10.3 NONAGRICULTURE
10.3.1 ABILITY TO MEASURE SOIL MOISTURE AND MAINTAIN RIGHT AMOUNT OF WATER TO DRIVE SHIFT TOWARD AUTOMATED IRRIGATION METHODS
10.3.2 RESIDENTIAL
10.3.2.1 Rising water conservation awareness to drive demand for precision irrigation in residential applications
10.3.3 TURFS & LANDSCAPES
10.3.3.1 Increasing focus on environmental sustainability to boost market
10.3.4 GOLF COURSES
10.3.4.1 Surging need for maintenance of optimal playing conditions and lush landscapes while adhering to water conservation standards to bolster market growth
11 PRECISION IRRIGATION MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Surging demand for reducing water footprint to drive market
11.2.2 CANADA
11.2.2.1 Increasing instances of water scarcity and surging demand for more efficient ways of irrigation to propel market growth
11.2.3 MEXICO
11.2.3.1 Government initiatives to propel adoption of precision irrigation systems
11.3 EUROPE
11.3.1 SPAIN
11.3.1.1 Frequent droughts and seasonal variations in rainfall to propel adoption of precision irrigation systems
11.3.2 ITALY
11.3.2.1 Effectiveness of integrating AI and automated systems to foster market growth
11.3.3 FRANCE
11.3.3.1 Government initiatives to encourage adoption of innovative irrigation technologies
11.3.4 GERMANY
11.3.4.1 Decreasing annual precipitation rates and decreasing groundwater levels to drive market
11.3.5 UK
11.3.5.1 Rising demand for quality, consistency, and continuity of vegetable supply to propel market growth
11.3.6 NETHERLANDS
11.3.6.1 Increasing demand for sustainable agricultural practices coupled with prolonged drought to propel market growth
11.3.7 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 CHINA
11.4.1.1 Promotion of water-saving irrigation technologies to boost market
11.4.2 INDIA
11.4.2.1 Favorable government policies to support adoption of precision irrigation systems
11.4.3 JAPAN
11.4.3.1 Technological advancements, such as robotic farm systems, to stimulate demand for precision irrigation technologies
11.4.4 AUSTRALIA
11.4.4.1 Projects aimed at improving water use and management efficiency to boost market growth
11.4.5 REST OF ASIA PACIFIC
11.5 SOUTH AMERICA
11.5.1 BRAZIL
11.5.1.1 Higher yields, reduced water usage, improved fruit quality, and decreased incidence of foliage diseases to propel market growth
11.5.2 ARGENTINA
11.5.2.1 Rising demand for precision watering irrigation systems to propel market growth
11.5.3 REST OF SOUTH AMERICA
11.6 ROW
11.6.1 AFRICA
11.6.1.1 Government initiatives facilitating efficient water usage and bolstering agricultural productivity to drive market
11.6.2 MIDDLE EAST
11.6.2.1 Arid climate conditions and depleting groundwater reserves to propel market growth
11.6.2.2 Israel
11.6.2.2.1 Increased development of advanced water management solutions to bolster market growth
11.6.2.3 Rest of Middle East
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
12.3 REVENUE ANALYSIS
12.4 MARKET SHARE ANALYSIS, 2023
12.4.1 MARKET RANKING ANALYSIS
12.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.5.1 STARS
12.5.2 EMERGING LEADERS
12.5.3 PERVASIVE PLAYERS
12.5.4 PARTICIPANTS
12.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.5.5.1 Company footprint
12.5.6 REGIONAL FOOTPRINT
12.5.7 TYPE FOOTPRINT
12.5.8 END-USE FOOTPRINT
12.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023