Soil Monitoring Market Size Worth USD 1,865.99 Million By 2032 | CAGR: 13.6%

Soil Monitoring Market Size Worth $1,865.99 Million By 2032 | CAGR: 13.6%

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

  • Services segment is expected to grow fastest at a CAGR during the anticipated period, which is mainly driven by increased prevalence for the adoption of advanced technologies including AI and IoTs.
  • Wireless segment is projected to account for substantial market share over the projected period, on account of high focus on the R&D activities by key market companies across the globe.
  • Agricultural segment accounted for highest market share which is accelerated by rapid growth in the number of favorable growth initiatives for the improvement of crop productivity and developing sustainable farming practices.
  • North America dominated the global market for crop monitoring in 2022 owing to the early adoption of latest developed monitoring systems and high popularity of precision farming.
  • The global key market players include Stevens Water Monitoring Systems, Elements Material Technology, The Toro Company, CropX Technologies, and Environmental Sensors Inc.

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)

  • Hardware
  • Software
  • Services
  • Ground-based Sensing
  • Robotics & Telematics
  • Others

Soil Monitoring, Connectivity Outlook (Revenue - USD Million, 2019 - 2032)

  • Wired
  • Wireless

Soil Monitoring, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Agricultural
  • Non-Agricultural

     Soil Monitoring, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa