Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Soil Moisture Sensor Market Overview
Soil moisture sensor refers to a measurement tool which measures the volumetric water content in the soil. Apart from this, soil moisture sensor is used in various applications which include agriculture, weather forecasting, research studies and other various applications. Owing to its easy to use feature, soil moisture sensor is gaining traction among end users.
Market Size and Forecast
The global soil moisture sensor market is expected to expand at a robust CAGR of 14.8% over the forecast period i.e. 2018-2027. Increasing utilization of soil moisture sensor in areas such as research and development and others are expected to positively impact the growth of the global soil moisture sensor market. Further, rising application of soil moisture sensor in various end use sectors is anticipated to drive the growth of the global soil moisture sensor market.
On the basis of regional platform, global soil moisture sensor market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is estimated to dominate the overall market of soil moisture sensor during the forecast period. Rising adoption of precision farming is the key factor which is expected to increase the growth of the North America soil moisture sensor market. Moreover, strict environment regulation in countries such as U.S. and Canada is projected to positively contribute to the growth of soil moisture sensor market in North America.
Asia Pacific is poised to record fastest growth rate during the forecast period. Changes in the pattern of the climatic conditions are predicted to increase the utilization of soil moisture sensor over the forecast period. Europe soil moisture sensor market is expected to witness substantial growth over the forecast period. Factors such as growing focus to increase agricultural productivity is envisioned to strengthen the growth of soil moisture sensor market in Europe.CLICK TO DOWNLOAD FREE SAMPLE
Based on sensor type, soil moisture sensor market is segmented into soil water potential sensors and volumetric soil moisture sensor. Further, volumetric soil moisture sensor is sub-segmented into, probes, time domain transmissiometry sensors and capacitance sensors, out of which, volumetric soil moisture sensor segment is expected to dominate the overall soil moisture sensor market during the forecast period.
Market Segmentation
Our in-depth analysis has segmented global soil moisture sensor market into the following segments:
By Sensor Type
By End User
By Region
Global soil moisture sensor market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Increasing number of efforts toward automation of agricultural processes is anticipated to intensify the growth of the global soil moisture sensor market. Apart from this, strong government support and yield monitoring practices to increase the productivity of the fields is expected to increase the growth of global soil moisture sensors market over the forecast period.
In addition, rising adoption of soil moisture sensor for various applications such as research studies, weather forecasting, agriculture and other applications is anticipated to positively drive the growth of the global soil moisture sensor market. Maintaining green lawns in residential complexes by the usage of soil moisture sensor has increased in the developing regions. This factor is anticipated to supplement the growth of the global soil moisture sensor market.
Increasing utilization of automatic & remote control devices is anticipated to be the dynamic factor behind the growth of the global soil moisture sensor market. Further, rising demand due to reduce critical water sources is increasing the use of soil moisture sensor. This factor is likely to further strengthen the growth of the global soil moisture sensor market. Moreover, increasing farm productivity in agricultural lands due to the usage of soil moisture sensor is expected to increase the growth of global soil moisture sensor market over the forecast period.
However, lack of awareness about soil moisture sensors among farmers is some of the key factors which are expected to limit the growth of global soil moisture sensor market in upcoming years.
Key Players
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global soil moisture sensor market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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