The soil moisture sensor market is expected to grow at a CAGR of 14.33% from 2024 to 2032, driven by the increasing need for sustainable agricultural practices and water conservation. The market was valued at $337 million in 2023 and is expected to reach $1124.30 million by 2032. The adoption of soil moisture sensors is driven by the agriculture sector, which accounts for over 60% of the market demand. The sensors are used to optimize water usage, reduce wastage, and promote sustainable farming practices.
The report highlights the key players in the market, including METER Group, Inc., The Toro Company, Campbell Scientific, Inc., and others. The report also provides information on the different types of sensors and connectivity options available, including capacitance sensors, probes, and wireless connectivity.
The report also notes that the Asia Pacific region is poised for rapid growth, driven by government initiatives promoting sustainable farming and growing awareness of climate change impacts. The affordable and advanced soil moisture sensors are driving the adoption, with countries like India and China seeing a 20% increase in farmers using advanced irrigation technologies.
The report also mentions recent news, including the launch of a new product by The Plant Bot, which uses an ESP32-C3 soil sensor and pump driver to revolutionize indoor plant care, and a new study on the development of a compact soil moisture sensor for smart agriculture.