The global Soil Monitoring Market will be worth USD 872.3 million by 2027, according to a current analysis by Emergen Research. The growth of this soil monitoring market can be attributed to the increasing scarcity of water and changing environmental scenario. Increasing government initiatives regarding water conservation have resulted in the growing need for soil monitoring devices. The growing implementation of information communication technologies and the Internet of things is expected to drive the growth of the soil monitoring systems over the forecast period.
Shifting of preferences towards smart irrigation techniques has resulted in the growing usage of soil monitoring systems. Increasing need to know the optimal water and nutrient level required for plantation has boosted the utilization of the soil monitoring systems for agricultural purposes. Increasing investments of the government for the advancements of the agricultural sector through R & D activities are expected to boost the soil monitoring systems. The limited availability of natural resources such as arable land and freshwater has resulted in the growth of the soil monitoring systems.
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Key Highlights From The Report
The ground-based monitoring system segment held the largest market share of 55.2% in 2019. Growing adoption of the Ground-based Monitoring Systems among the skilled farmers in the developed economies to increase agricultural productivity and enhance crop quality is expected to drive the growth of the segment.
Services are forecasted to grow with the fastest CAGR of 13.8% over the forecast period. Increasing utilization of the Internet of things (IoT) enabled devices for agricultural and non-agricultural purposes, and the growing number of connected agriculture devices is expected to drive the growth of the services segment in the soil monitoring market.
The agricultural segment accounted for the largest market share in 2019. The rising global population, along with the rising demand for food, are expected to increase the adoption of smart agricultural practices.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The region is continuously striving to increase agricultural productivity by implementing technologically advanced agricultural practices.
Key participants include The Toro Company, Stevens Water Monitoring Systems Inc., Element Materials Technology, SGS GROUP, CAMPBELL SCIENTIFIC, METER GROUP, SENTEK TECHNOLOGIES, CROPX TECHNOLOGIES, SPECTRUM TECHNOLOGIES, and Aquamonix, among others.
The report offers a comprehensive overview of the global Soil Monitoring market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.
The global Soil Monitoring market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Soil Monitoring market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Soil Monitoring market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
Emergen Research has segmented the global Soil Monitoring Market on the basis of System Type, Offering, Application, and region:System Type Outlook (Revenue, USD Million; 2017-2027) Ground-based Monitoring Systems Sensing and Imagery Systems Others (Telematics Systems and Robotics) Offering Outlook (Revenue, USD Million; 2017-2027) Software Hardware Services Application Outlook (Revenue, USD Million; 2017-2027) Non-Agricultural Agricultural
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Key Questions Addressed in the Report:
Who are the leading players of the Soil Monitoring industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of the Soil Monitoring market?
Which segment is expected to garner traction during the coming years?
Conclusion Of the Report:
To conclude everything stated above, the report offers a panoramic view of the Soil Monitoring market in both the global and regional markets, supported by key statistical data and industry-verified facts. It offers a thorough examination of the size, share, and market volume of the Soil Monitoring industry to forecast the same evaluations until 2028. It also studies and analyzes the different growth prospects and opportunities, along with threats that the players might face in the Global Soil Monitoring Market.
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