Rising population and water scarcity issues worldwide and government encouragement for smart irrigation systems are expected to drive the growth of the open field smart irrigation systems market. The global open field smart irrigation systems market was valued at USD 219.8 million in 2018 and is expected to reach USD 612.3 million in 2026, growing at a CAGR of 13.7% during the forecast period.
Open field smart irrigation system refers to advanced irrigation systems that are equipped with sensor networks for real-time monitoring of weather and soil conditions. Sensors are used to monitor various parameters such as soil moisture content, humidity, temperature and others. The irrigation controller then operates water application based upon the sensor data. Rising population worldwide has resulted into the ever-increasing demand for food products over the period. Additionally, growing water scarcity issues coupled with uncertain/unfavourable climatic conditions is another major challenge for the agriculture sector. As a result, people are now turning towards advanced watering and farming practices as an effort to overcome these challenges and increase agricultural yield. This is the prime factor bolstering the smart irrigation systems market growth. The open field smart irrigation systems market is majorly fuelled by the modernizing agriculture practices worldwide. With the advancement in the sensor-based networks, these are increasingly being used across different applications. Irrigation systems are expected to emerge among the most promising applications of sensor networks in the coming years. Due to rising population as well as the food requirement worldwide, the adoption of more efficient and automated irrigation systems is expected to expand significantly in the coming years. This in turn is expected to boost the demand for smart irrigation systems designed specifically for optimum water efficiency and convenience
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Moreover, high cost of open field smart irrigation systems sensors and components is one factor hindering the growth in the developing countries. Furthermore, ow awareness among the people as well as ignorance towards environmental concerns are also restraining the growth of the market.