Soil Monitoring Market Size- By Component, By Connectivity, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Global Soil Monitoring Market Overview

According to SPER Market Research, the Global Soil Monitoring Market is estimated to reach USD 2.20 billion by 2032 with a CAGR of 14.85%.

The components of soil monitoring systems include devices that carry out a variety of tasks, including reading and storing data, soil sensing, and communicating data via a transmitter to computers. Decision-making is made possible thanks to the analysis of the soil conditions provided by the soil monitoring data. These systems are widely used in rural communities, golf courses, research facilities, and agricultural activities.

The primary reasons driving the growth of the soil monitoring system market are the increasing need to increase farm productivity in order to feed an increasingly large population as well as the expanding popularity of precision agriculture and fertility management services. Also, the market's expansion is fueled by the affordable availability of technologically improved soil monitoring equipment. Also, a rise in government spending on agricultural R&D fuels the industry. Lack of technical knowledge and awareness of soil monitoring, however, may partially impede market expansion. On the other hand, it is projected that the market for soil monitoring systems will benefit greatly from the increased adoption of soil monitoring in emerging nations. Several factors, including technical improvements and their uptake, climatic changes, and fluctuating agricultural output, have an impact on the growth of the soil monitoring market. A new set of opportunities have emerged for participants in the agriculture value chain as a result of the expanding global population, soaring demand for agricultural products, changing climatic conditions, worries about soil quality, and technological advancements in the agriculture industry.

Also, the market for soil monitoring has experienced a quantum jump thanks to the development of technologies like remote sensing, smart sensors, and IoT as well as data analytics. The urgent need to preserve soil quality, strict government regulations pertaining to ecological stability, and the growing need to increase farm productivity in order to feed the growing population are just a few of the factors that have contributed to the global soil monitoring market's rapid growth. The use of soil monitoring sensors, tools, and software has increased as a result of developments in telematics, sensing, and imagery systems.

Impact of COVID-19 on the Global Soil Monitoring Market

The COVID-19 epidemic has had both favourable and unfavourable effects on the market for soil monitoring. One way the pandemic has affected the market for soil monitoring systems is by increasing the demand for food production. Urban farming and home gardening have become increasingly popular as individuals spend more time at home and seek out self-sufficient lifestyles. The ability to monitor soil conditions and make adjustments as necessary to maximise crop yields has made soil monitoring technology into crucial instruments for these techniques.

On the other hand, the pandemic has also resulted in supply-chain hiccups that have increased the cost and delayed the delivery of raw materials and components for soil monitoring equipment. However, the pandemic's economic effects have resulted in budget cuts and decreased funding for agricultural research and development, which could have a detrimental long-term effect on the expansion of the soil monitoring business. The COVID-19 pandemic has generally brought attention to the value of soil monitoring systems in guaranteeing food security and sustainability, but it has also presented difficulties for the sector to resolve.

Scope of the Report

Report Metric Details:

• Market size available for years: 2019-2032

• Base year considered: 2021

• Forecast period: 2022-2032

• Segments covered: By Component, By Connectivity, By Application.

• Regions covered: Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

• Companies Covered: Campbell Scientific Inc., CropX Inc., Earth Observing System, Element Materials Technology, Manx Technology Group, METER Group Inc., SGS SA, Spectrum Technologies Inc., Stevens Water Monitoring Systems Inc., The Toro Company.

Global Soil Monitoring Market Segmentation:

• By Component: Based on the Component, Global Soil Monitoring Market is segmented as; Hardware, Software, Service

• By Connectivity: Based on the Connectivity, Global Soil Monitoring Market is segmented as; Wired, Wireless

• By Application: Based on the Application, Global Soil Monitoring Market is segmented as; Agriculture, Archaeology, Construction& Mining, Research

• By Region: The Global Soil Monitoring Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World based on geography. The global soil monitoring market is growing rapidly, with strong demand for precision farming techniques and sustainable farming practices.