Soil Monitoring Market Size by Offering, System Type, Application, Region, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
The Soil Monitoring Market size was valued at USD 14.37 Billion in 2023 and the total Soil Monitoring revenue is expected to grow at a CAGR of 4.78% from 2024 to 2030, reaching nearly USD 19.92 Billion.
The global Soil Monitoring market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Soil Monitoring report also provides trends by market segments, technology, and investment with a competitive landscape.
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Definition of Soil Monitoring:
Soil monitoring entails the examination of soil, as well as its consistency, constituents, and physical condition, to assess or ensure its suitability for use. Compaction, contamination, organic material degradation, stability problems, flooding, salinization, and acidification are all threats to the soil. Soil monitoring aids in the identification of these and other possible threats to the soil, surrounding climate, animal health, and human health.
Soil Monitoring Market Dynamics:
The increasing need to increase farm productivity to meet the growing food demand from the world's growing population is driving the soil monitoring market. The growing popularity of sustainable agriculture practices is also boosting the soil monitoring system's popularity. The demand for soil monitoring solutions is expected to be fueled by technological advances in agricultural practices, such as soil moisture sensors, which aid in water conservation and increase farm productivity. Increased government investments in agricultural sector advancements through R & D activities are expected to improve soil monitoring systems.
The need to control the soil is being driven by environmental factors such as declining water supplies, climate change, and endangered ecosystems. Soil monitoring systems have grown in popularity due to the scarcity of natural resources such as arable land and freshwater. The rise of smart cities in developing economies is expected to boost the adoption of soil monitoring systems in agriculture, providing lucrative opportunities for major market players in the future.
Besides, changes in weather patterns, as well as modernization of farming techniques, have influenced the need for more in-depth soil research. The growth of digital soil monitoring has been fueled by variations in soil properties caused by abrupt climatic conditions.
Soil Monitoring Market Segment Analysis:
Based on the system type, the soil monitoring market is segmented into sensing and imagery systems, ground-based monitoring systems, and others (robotics and telematics systems). In the year 2023, ground-based monitoring systems had the largest share of the soil monitoring market. During the forecast era, ground-based monitoring systems are expected to gain much more traction. Sensors and other soil monitoring devices have become increasingly popular among progressive farmers all over the world.
This is due to the many advantages that these sensors offer, including the ability for farmers to provide site-specific inputs to their crops. Telematics and robotics markets are projected to expand at the fastest rates. The increasing labor crisis in most countries, as well as the use of remote monitoring, could increase demand for telematics and robotics in the soil monitoring sector.
Soil Monitoring Market Regional Insights:
In 2023, the Americas dominated the soil monitoring industry, and this trend is expected to continue during the forecast period. The wide market share in the soil monitoring market is due to the involvement of agri-tech companies such as The Toro Company, Campbell Scientific, and others. However, the APAC region is expected to develop rapidly during the forecast era, owing to the high level of adoption of agriculture technology in countries such as Australia, New Zealand, and Japan, as well as emerging countries such as India and China investing heavily in agriculture digitization.
Smallholder farmers in the area are gaining access to smart tractors, UAVs, ground leveling facilities, satellite imaging, pesticide application, irrigation services, and handheld decision diagnostics and decision support without having to invest in costly infrastructure. With labor shortages, precision farming is becoming more important in countries like Japan, where the average farmer is 67 years old.
The objective of the report is to present a comprehensive analysis of the Global Soil Monitoring Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Soil Monitoring Market dynamics, structure by analyzing the market segments and project the global Soil Monitoring market size. Clear representation of competitive analysis of key players By Offering, price, financial position, product portfolio, growth strategies, and regional presence in the Global Soil Monitoring Market make the report investor’s guide.
Soil Monitoring Market Scope: Inquire before buying
| Soil Monitoring Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 14.37 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 4.78 % | Market Size in 2030: | USD 19.92 Bn. |
| Segments Covered: | by Offering | Hardware Software Services |
|
| by System Type | Sensing and Imagery Systems Ground-based Monitoring Systems Others |
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| by Application | Agricultural Non-agricultural |
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Soil Monitoring Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Soil Monitoring Market Key Players :
1. Stevens Water Monitoring Systems
2. SGS Group
3. METER Group
4. Element Material Technology
5. The Toro Company
6. Campbell Scientific
7. Sentek Technologies
8. Spectrum Technologies
9. Irrometer
10. CropX Technologies
11. Acclima Inc.
12. AquaCheck Pvt. Ltd.
13. Aquamonix
14. Decagon Devices, Inc.
15. Delta-T Devices Ltd.
16. E.S.I. Environmental Sensors Inc.
17. Other Key Players
Frequently Asked Questions:
1. Which region has the largest share in Global Soil Monitoring Market?
Ans: North America region holds the highest share in 2023.
2. What is the growth rate of Global Soil Monitoring Market?
Ans: The Global Soil Monitoring Market is growing at a CAGR of 4.78% during forecasting period 2024-2030.
3. What segments are covered in Global Soil Monitoring market?
Ans: Global Soil Monitoring Market is segmented into Offering, System Type, Application and region.
4. Who are the key players in Global Soil Monitoring market?
Ans: The important key players in the Global Soil Monitoring Market are – Stevens Water Monitoring Systems, SGS Group, METER Group, Element Material Technology, The Toro Company, Campbell Scientific, Sentek Technologies, Spectrum Technologies, Irrometer, CropX Technologies, Acclima Inc., AquaCheck Pvt. Ltd., Aquamonix, Decagon Devices, Inc., Delta-T Devices Ltd., and E.S.I. Environmental Sensors Inc.
5. What was the Global Soil Monitoring Market size in 2023?
Ans: The Global Soil Monitoring Market size was USD 14.37 Billion in 2023.