The global soil monitoring market size is expected to reach USD 1,865.99 million by 2032, according to a new study by Polaris Market Research. The report “Soil Monitoring Market Share, Size, Trends, Industry Analysis Report, By Offering (Hardware, Software, Service, Ground-based, Robotics & Telematics, and Others); By Connectivity; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The emerging trend of smart cities across various emerging nations and growing government support activities towards the water conservation and boost the crop productivity, is expected to increase the adoption of several soil monitoring systems globally, and likely to fuel the market growth.
In addition, the declining agricultural workforce in several countries due to the low income and hard work has fueled the utilization of internet connectivity solutions coupled with the growing installations of IoT devices in both agricultural and non-agricultural systems. Thus, to cater the surging need for these devices, manufacturers are increasingly focus on the new product developments, which is positively impacting the market growth.
For instance, in October 2022, Soil Scout, unveiled its latest multi-headed soil moisture sensor, that provides an additional sensing head interconnected through a cable. It allows users to handle all radio communication and could be easily buried in shallow ground for giving an extended range. It enables customers to do vertical profiling to effectively optimize their input usage and further prevent leaching.
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In the last few years, water scarcity has become one of the major concerns confronting agriculture sector around the world. As agriculture is leading user of water for variety of agricultural activities including irrigation, that is expected to utilize more than 60% of the world’s total fresh water supplies. Smart irrigation systems are becoming very crucial in this situation since it allow the use of more effective and improved watering techniques that reduce the exceed water usage and further enhance crop production. Thus, there is a rapidly growing demand for some smart irrigation systems, and in turn creating huge growth opportunities for the market.
Soil Monitoring Market Report Highlights
Polaris Market Research has segmented the soil monitoring market report based on offering, connectivity, application, and region:
Soil Monitoring, Offering Outlook (Revenue - USD Million, 2019 - 2032)
Soil Monitoring, Connectivity Outlook (Revenue - USD Million, 2019 - 2032)
Soil Monitoring, Application Outlook (Revenue - USD Million, 2019 - 2032)
Soil Monitoring, Regional Outlook (Revenue - USD Million, 2019 - 2032)