Global Smart Irrigation Systems Market 2018-2022: Market will Register a CAGR of Approx 16% - Growing Focus on Optimal Water Use

Dublin, Nov. 19, 2018 (GLOBE NEWSWIRE) -- The "Global Smart Irrigation Systems Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The smart irrigation systems market will register a CAGR of almost 16% by 2022.

With the increasing adoption of irrigation drones, there is a growing demand for smart irrigation systems. One of the latest trends in the global smart irrigation systems market is the rise in adoption of drones by farmers for irrigation as these drones are equipped with hyperspectral or thermal sensors, which allow them to identify parts of the field that dry and require water. The use of smart irrigation systems with drones can change the agricultural process to a more efficient one, allowing farmers to track the land and property at all times.

Market Overview

Growing focus on optimal water use

Vendors in the market are developing products to reduce the wastage of water in the agricultural sector. Smart irrigation systems offer various benefits pertaining the optimal use of water resources which is driving the growth of the market.

Lack of electricity supply and appropriate infrastructure

Globally, almost 13% of the population struggles to receive access to electricity daily and most of these population resides in underdeveloped countries in Africa and Asia which limits the growth of the market.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Hunter Industries and HydroPoint Data Systems, the competitive environment is quite intense. Factors such as increasing adoption of irrigation drones and the growing focus on optimal water use, will provide considerable growth opportunities to smart irrigation system companies.

Hunter Industries, HydroPoint Data Systems, NETAFIM, Rain Bird, and The Toro Company are some of the major companies covered in this report.

Summary:

One trend affecting this market is the increasing adoption of irrigation drones. One of the latest trends in the global smart irrigation systems market is the rise in adoption of drones by farmers for irrigation as these drones are equipped with hyperspectral or thermal sensors, which allow them to identify parts of the field that dry and require water.

According to the report, one driver influencing this market is the growing focus on optimal water use. Vendors in the market are developing products to reduce the wastage of water in the agricultural sector. Smart irrigation systems offer various benefits pertaining the optimal use of water resources which is driving the growth of the market.

Further, the report states that one challenge affecting this market is the lack of electricity supply and appropriate infrastructure. Globally, almost 13% of the population struggles to receive access to electricity daily and most of these population resides in underdeveloped countries in Africa and Asia which limits the growth of the market.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: MARKET SIZING

• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 07: MARKET SEGMENTATION BY TECHNOLOGY

• Segmentation by technology
• Comparison by technology
• Soil moisture-based controller - Market size and forecast 2017-2022
• Weather-based controller - Market size and forecast 2017-2022
• Market opportunity by technology

PART 08: CUSTOMER LANDSCAPE

PART 09: MARKET SEGMENTATION BY END-USER

• Segmentation by end-user

PART 10: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• Key leading countries
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

• Adoption of irrigation drones
• Growing inclination toward robots in agriculture
• Investment opportunities in smart irrigation

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Hunter Industries
• HydroPoint Data Systems
• NETAFIM
• Rain Bird
• The Toro Company

PART 16: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/fvk8s4/global_smart?w=12

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                    Related Topics: Water