The increasing need to enhance the productivity of the farm, preserve the quality of soil, and the accelerated adoption of sustainable agricultural practices are key elements stimulating the market growth.
The global Soil Monitoring Market is expected to be valued at USD 872.3 Million in 2027 from USD 345.6 Million in 2019, registering a CAGR of 13.0% through the forecast period. The growing scarcity of water and the drastic changes in the environment are the primary factors driving the market growth. The increasing government initiatives to raise awareness about water conservation have augmented the need for soil monitoring devices. The escalating implementation of information communication technologies and the increasing applications of the Internet of Things are projected to further fuel the market growth over the estimated timeframe.
Growing inclination towards smart irrigation methods has bolstered the usage of soil monitoring systems. The growing need to have information about the optimum water and nutrient level required for the plants is projected to propel the application of soil monitoring systems in agricultural practices. Increasing initiatives by the government to expand the scope of sustainable farming practices and encourage advancements in the R&D activities of the agricultural sector is projected the boost the market growth of soil monitoring systems. Moreover, the scarcity of natural resources such as arable land and freshwater has further added traction to the market growth.
The countries experiencing harsh weather conditions are projected to install smart irrigation systems and soil monitoring systems, thereby contributing to the market growth. However, scarcity of skillsets among the farmers, lack of technical knowledge, high costs associated with the soil monitoring systems, and the preference for traditional agrarian practices in the emerging economies can potentially restrain the market growth in the projected timeframe.
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Key Highlights from the Report:
The ground-based monitoring system sub-segment accounted for a significant share of the market in 2019, occupying a 55% share in the global market. The accelerated adoption of the ground-based monitoring systems among the skilled farmers to augment the agricultural productivity and improve the quality of crops in the developed countries is the significant factor boosting the segment’s growth.
Services sub-segment are estimated to register a significantly high CAGR of 13.8% in the projected timeframe. The growth can be accredited to accelerated incorporation of the Internet of Things (IoT) enabled devices to augment the agricultural and non-agricultural activities and the increasing number of connected agricultural devices.
The agricultural sub-segment occupied a considerable share of the market in 2019 and is projected to expand at a significant CAGR in the forecast timeframe, attributable to the escalating global population, augmenting demand for food, and the accelerated adoption of smart agricultural practices.
Prominent companies of the market include The Toro Company, Stevens Water Monitoring Systems Inc., Element Materials Technology, SGS GROUP, Campbell Scientific, METER Group, Sentek Technologies, Cropx Technologies, Spectrum Technologies, and Aquamonix, among others.
In 2019, Mammoet, a global leader in engineered heavy lifting and transport, joined forces with SGS Group. The SGS Group is assisting the former with the construction and development of a large oil refinery in Nigeria.
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For the purpose of this report, Emergen Research has segmented the Global Soil Monitoring Market on the basis of system type, offering, application, and region:
System Type Outlook (Revenue, USD Million; 2017-2027)
Ground-based Monitoring Systems
Sensing and Imagery Systems
Others (Telematics Systems and Robotics)
Offering Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Soil Monitoring Market Segmentation & Impact Analysis
Chapter 5. Soil Monitoring Market By Product and Services Insights & Trends Revenue (USD Million)
Chapter 6. Soil Monitoring Market By End User Insights & Trends Revenue (USD Million)
Chapter 7. Soil Monitoring Market Regional Outlook
Chapter 8. Competitive Landscape
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