Soil Monitoring Market Growth, Trends, Share, Size, Revenue, Price and Future Opportunities
Soil Monitoring Market Size- By Component, By Connectivity, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Mar-2023 | Report ID: AGRI2308 | Pages: 1 - 243 | Formats*: |
| Category : Agriculture | |||
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.
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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.
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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:
1. By Component:
- Hardware
- Software
- Service
2. By Connectivity:
- Wired
- Wireless
3. By Application:
- Agriculture
- Archaeology
- Construction & Mining
- Research
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Soil Monitoring Market (FY’2019-FY’2032)
- Overview of Global Soil Monitoring Market
- Segmentation of Global Soil Monitoring Market By Component (Hardware, Software, Service)
- Segmentation of Global Soil Monitoring Market By Connectivity (Wired, Wireless)
- Segmentation of Global Soil Monitoring Market By Application (Agriculture, Archaeology, Construction& Mining, Research)
- Statistical Snap of Global Soil Monitoring Market
- Growth Analysis of Global Soil Monitoring Market
- Problems and Challenges in Global Soil Monitoring Market
- Competitive Landscape in the Global Soil Monitoring Market
- Impact of COVID-19 and Demonetization on Global Soil Monitoring Market
- Details on Recent Investment in Global Soil Monitoring Market
- Competitive Analysis of Global Soil Monitoring Market
- Major Players in the Global Soil Monitoring Market
- SWOT Analysis of Global Soil Monitoring Market
- Global Soil Monitoring Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Soil Monitoring Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Soil Monitoring Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Soil Monitoring Market
7. Global Soil Monitoring Market, By Component, 2019-2032 (USD Million)
7.1. Hardware7.2. Software7.3. Service
8. Global Soil Monitoring Market, By Connectivity, 2019-2032 (USD Million)
8.1. Wired8.2. Wireless
9. Global Soil Monitoring Market, By Application, 2019-2032 (USD Million)
9.1. Agriculture9.2. Archaeology9.3. Construction & Mining9.4. Research
10. Global Soil Monitoring Market, By Region, 2019-2032 (USD Million)
10.1. Global Soil Monitoring Market Size and Market Share by Region (2019-2025)10.2. Global Soil Monitoring Market Size and Market Share by Region (2026-2032)10.3. Asia-Pacific
10.3.1. Australia10.3.2. China10.3.3. India10.3.4. Japan10.3.5. South Korea10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France10.4.2. Germany10.4.3. Italy10.4.4. Spain10.4.5. United Kingdom10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia10.5.2. United Arab Emirates10.5.3. Rest of Middle East & Africa
10.6. North America
10.6.1. Canada10.6.2. Mexico10.6.3. United States
10.7. Latin America
10.7.1. Argentina10.7.2. Brazil10.7.3. Rest of Latin America
11. Company Profiles
11.1. Campbell Scientific Inc.
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. CropX Inc.
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Earth Observing System
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Element Materials Technology
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Manx Technology Group
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. METER Group Inc.
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. SGS SA
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Spectrum Technologies Inc.
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Stevens Water Monitoring Systems Inc.
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. The Toro Company
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Soil Monitoring Market is projected to reach USD 2.20 billion by 2032, growing at a CAGR of 14.85% during the forecast period.
Soil Monitoring Market grew in market size from 2021. The Market is expected to reach USD 2.20 billion by 2032, at a CAGR of 14.85% during the forecast period.
Soil Monitoring Market CAGR of 14.85% during the forecast period.
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Soil Monitoring Market size is USD 2.20 billion from 2022 to 2032.
Soil Monitoring Market Segment is Covered By Component, By Connectivity, By Application.
The North America region is anticipated to have the highest market share in the Soil Monitoring Market.
The key players in the market include 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.
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.
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