The Soil Monitoring Market to reach $1.1 billion by 2030 at a CAGR of 10.3% during 2024–2030. The growth of the soil monitoring market is driven by the rising need to preserve soil quality, the growing demand to improve farm productivity, and the rising adoption of advanced farm techniques. However, the difficulties in monitoring due to spatial variability of soil restrains the growth of the soil monitoring market.
Furthermore, the integration of advanced technologies to promote smart agriculture, the growing adoption of soil monitoring in emerging countries, and rising government investment in agriculture practices are expected to create growth opportunities in the market. However, one of the major challenges for the players operating in this market is the lack of awareness and technical skills regarding soil monitoring. The latest trends in the global soil monitoring market are the increasing adoption of drone-based soil monitoring and the growing adoption of soil robotics.
The Growing Adoption of Soil Robotics Offers Significant Growth Opportunities for the Soil Monitoring Market
Robotics significantly impacts soil monitoring and enables more precise and efficient soil health analysis while reducing labor. Soil robotics also promotes the use of precision agriculture techniques by gathering data on soil conditions and crop growth. This data also allows farmers to optimize irrigation systems. Moreover, robots assess soil compaction levels, which is important for understanding soil health and preventing crop damage.
The soil robots feature AI-based plant disease detection and fertilization capabilities. This provides precise recommendations for crop selection and soil management practices. The utilization of soil sensors enables early detection of soil deficiencies, leading to more informed fertilizer applications. The optimization of irrigation schedules through soil sensing is also possible, resulting in increased crop yields and a more sustainable farming environment for indoor farmers. Thus, the benefits of soil robotics have encouraged their wide-scale adoption, which has become a notable trend in the soil monitoring market.
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Key Findings in the Soil Monitoring Market Study:
Based on offering, the Services Segment is Projected to Register the Highest CAGR During the Forecast Period
The services segment is slated to register the highest CAGR during the forecast period. The rising involvement of IoT in farming and the growing adoption of technological advancement to better the quality of crops and soil is enhancing the demand for services segment in the farming industry.
Based on System Type, the Sensing & Imagery Segment is Slated to Register the Highest CAGR During the Forecast Period
The sensing & imagery segment is slated to register the highest CAGR during the forecast period. The increasing adoption of drone-based soil monitoring, the rising need to improve soil quality, and the growing demand for satellite-based soil monitoring are expected to support the growth of this segment.
The Agriculture Sector Segment to Register the Highest CAGR
Based on sector, the agriculture segment is projected to register the highest CAGR during the forecast period. The growing demand to improve farm productivity, rising adoption of advanced farm techniques, and rising government investments in agriculture practices are expected to support the growth of this segment.
Asia-Pacific to be the Fastest-Growing Regional Market
The market in Asia-Pacific is slated to record the fastest growth rate during the forecast period. The infrastructural growth in APAC, especially in China, South Korea, Japan, and India; the rapid growth of regional economies; the growing awareness among farmers regarding the benefits associated with ground-based monitoring systems, the rising need to improve the soil quality, and growing adoption of soil monitoring in emerging countries offer growth opportunities for the players operating in the soil monitoring market.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the last 3 to 4 years. The key players operating in the soil monitoring market are Stevens Water Monitoring Systems Inc. (U.S.), SGS SA (Switzerland), METER Group, Inc. (U.S.), Element Materials Technology (U.K.), The Toro Company (U.S.), Campbell Scientific, Inc. (U.S.), Sentek Pty Ltd (Australia), Spectrum Technologies, Inc. (U.S.), Irrometer Company, Inc. (U.S.), CropX Inc. (U.S.), Acclima, Inc. (U.S.), HydroPoint Data Systems, Inc. (U.S.), Delta-T Devices Ltd (U.K.), Manx Technology Group Limited (Isle of Man), and Soil Scout Oy (Finland).
Scope of the Report:
Soil Monitoring Market Assessment, by Offering
- Hardware
- Software
- Services
Soil Monitoring Market Assessment, by System Type
- Sensing & Imagery
- Satellite-based Soil Monitoring
- Drone-based Soil Monitoring
- Manned Aircraft/Arial Photography Soil Monitoring
- Ground-based Monitoring System
- Other System Types
Soil Monitoring Market Assessment, by Sector
- Agriculture
- Horticulture
- Forestry
- Other Agriculture Sector
- Non Agriculture
- Mining
- Sports Turf
- Construction
- Other Non-Agriculture Sector
Soil Monitoring Market Assessment, by Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Singapore
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Key Questions Answered in the Report:
