According to SPER Market Research, Soil Monitoring Market is estimated to reach USD 2.20 billion by 2032 with a CAGR of 14.85%. Soil monitoring systems consist of instruments that can read and store data, sense soil, and communicate data to computers. This information is used to make decisions about the state of the soil. These systems are used in a variety of settings, including farming, golf courses, research facilities, and urban farming neighbourhoods. The market for soil monitoring systems is expected to grow because of increased demand for increased farm productivity, as well as the increasing popularity of precision agriculture and fertility management services. Additionally, rising public spending on agricultural research and development is helping to fuel the market. The market for soil monitoring is projected to grow, but this growth could be hampered by a lack of technical know-how and awareness about the subject. On the other hand, it is expected that increasing the adoption of soil monitoring systems in developing nations will provide lucrative market opportunities. Several trends, including technological development and its uptake, climate changes, and variable agricultural output, are factors that impact the market's expansion. Opportunities have arisen for those involved in the agriculture value chain as a result of the growing global population, soaring demand for agricultural products, shifting climatic conditions, and technological advancements in the industry.
Soil Monitoring Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 14.85%
- Forecast Market Size (2032): 2.20 billion
Soil monitoring market is growing rapidly, due to the introduction of technologies like remote sensing, smart sensors, and the internet of things. This is due to the need to preserve soil quality, government regulations pertaining to ecological stability, and the need to increase farm productivity to feed the growing population. Sensors, hardware, and software for soil monitoring are becoming more widely used due to developments in telematics, sensing, and imagery systems.
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Impact of COVID-19 on the Global Soil Monitoring Market
The COVID-19 outbreak has currently limited R&D in the electronics and semiconductor industries and has resulted in the closure of various manufacturing locations across the globe. The production capacity of sensor makers is hampered by a lack of or unavailability of raw materials and components as a result of supply chain disruption. Moreover, customers' declining purchasing power as a result of the unstable economy hinders the market's expansion. The market for soil monitoring systems is only expected to be negatively impacted by COVID-19 for a brief period of time, there should be a strong demand for the installation of IoT devices across agricultural farms all over the world to enable the most efficient use of resources with fewer demands for labour in the fields.
Soil Monitoring Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Component:
- Hardware
- Software
- Service
By Connectivity:
- Wired
- Wireless
By Application:
- Agriculture
- Archaeology
- Construction & Mining
- Research
By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market's historic and forecast market growth by geography.
Soil Monitoring Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 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.
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Soil Monitoring Market Future Outlook
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This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the soil moisture monitoring system market include Campbell Scientific, IMKO, DELTA, ADCON, Stevens Water Monitoring Systems, McCrometer, Lindsay, Eco-Drip, Isaacs and Associates, Others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Soil Moisture Monitoring System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/soil-moisture-monitoring-system-market/download-sampleMarket DynamicsUnpredictable global weather conditions and the increasing need for a sound irrigation management system will be the Key driving forces leading the growth of this market.
This market will scale greater heights in the coming years since measuring soil moisture can save water, reduce energy costs, increase yields, and protect the environment because of sustainable agriculture practices.
The demand for these systems will surge at a steady pace since using this system can enable drought monitoring and reduce crop failure, death of livestock, and people.
This market's various challenges are lack of information and training, lack of expertise in installing and calibrating the field sensors, and difficulties in downloading and interpreting the data.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
A Soil moisture monitoring comprises testing the soil for its water content or for its ability to have water extracted through being squeezed by plant roots (known as soil suction or soil moisture tension) in order to better assess how much or little water is required, in order to avoid wastage.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-soil-moisture-monitoring-system-2019-2024-742As international economic situation is complicated, China’s economy is developing rapidly.
Global and Chinese Soil Moisture Monitoring System market demand will maintain steady growth.
Chinese growth rate is 16.38%.Although the competition of Soil Moisture Monitoring System industry is fierce, it can still be estimated that the the Soil Moisture Monitoring System market is postitive.
Soil Moisture Monitoring System market is in a prime stage, especially in developing countries.Although sales of Soil Moisture Monitoring System brought a lot of opportunities, the research group recommends the new entrants with finance but without technical advantage and downstream support should not enter into the Soil Moisture Monitoring System field.Agriculture and research industry is developing rapidly in developing countries; the development of the construction industry leads to the rapid development of the Soil Moisture Monitoring System market in developing countries in recent years.The technology continue making progress and the Soil Moisture Monitoring System manufacturing cost also keeps decreasing.
In recent years, the price of the Soil Moisture Monitoring System will slightly falls.Finally, we tend to believe that this industry is now close to mature, and the consumption increasing degree will show a smooth curve.
On product prices, the slow downward trend in recent years will maintain in future too, as competition intensifies, prices gap between different brands will go on narrowing.
