Precision Irrigation Market to be Worth $4.2 Billion by 2030

Meticulous Research®, a prominent global market research firm, has released a report titled, "Precision Irrigation Market by Offering (Solutions, Services), Irrigation Type (Sprinklers Irrigation, Drip Irrigation, Surface Irrigation), End User (Agriculture, Turf & Sport Fields, Residential), and Geography – Global Forecast to 2030."
According to this latest report, the precision irrigation market is anticipated to reach $4.2 billion by 2030, growing at a CAGR of 11.7% over the forecast period. This market expansion is fueled by the increasing need for water efficiency and conservation, the growing use of precision irrigation to boost crop yield and quality, and rising government policies and subsidies offering low-interest loans for precision irrigation system implementation. However, the market faces challenges due to high initial costs and ongoing maintenance expenses related to hardware, software, and infrastructure. Nonetheless, the market is poised for growth due to increasing investments in sensor-based systems and automated irrigation controllers. A significant challenge remains the connectivity issues in rural areas. Noteworthy trends include the growing application of machine learning and artificial intelligence in precision irrigation.
The market is categorized by offerings (solutions, including software and hardware, and services), irrigation types (surface irrigation, sprinklers irrigation, drip irrigation, center pivot irrigation, and other methods), end users (agriculture, residential, turf & sport fields, golf courses, parks and landscapes, and other end users), and geography. The report also assesses industry competitors and analyzes the market at regional and country levels.
Based on offering, the precision irrigation market is divided into solutions and services. In 2023, the solutions segment is anticipated to hold the largest share of the market. This dominance is attributed to the increasing use of precision irrigation solutions to improve cro

Precision Irrigation Market to be Worth $4.2 Billion by 2030

Meticulous Research®, a prominent global market research firm, has released a report titled, "Precision Irrigation Market by Offering (Solutions, Services), Irrigation Type (Sprinklers Irrigation, Drip Irrigation, Surface Irrigation), End User (Agriculture, Turf & Sport Fields, Residential), and Geography – Global Forecast to 2030."
According to this latest report, the precision irrigation market is anticipated to reach $4.2 billion by 2030, growing at a CAGR of 11.7% over the forecast period. This market expansion is fueled by the increasing need for water efficiency and conservation, the growing use of precision irrigation to boost crop yield and quality, and rising government policies and subsidies offering low-interest loans for precision irrigation system implementation. However, the market faces challenges due to high initial costs and ongoing maintenance expenses related to hardware, software, and infrastructure. Nonetheless, the market is poised for growth due to increasing investments in sensor-based systems and automated irrigation controllers. A significant challenge remains the connectivity issues in rural areas. Noteworthy trends include the growing application of machine learning and artificial intelligence in precision irrigation.
The market is categorized by offerings (solutions, including software and hardware, and services), irrigation types (surface irrigation, sprinklers irrigation, drip irrigation, center pivot irrigation, and other methods), end users (agriculture, residential, turf & sport fields, golf courses, parks and landscapes, and other end users), and geography. The report also assesses industry competitors and analyzes the market at regional and country levels.
Based on offering, the precision irrigation market is divided into solutions and services. In 2023, the solutions segment is anticipated to hold the largest share of the market. This dominance is attributed to the increasing use of precision irrigation solutions to improve cro