Soil monitoring market worth $1,088 million by 2027

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CHICAGO, October 20, 2022 /PRNewswire/ — The soil monitoring market is expected to be worth $1,088 million by 2027 from $551 million in 2022, at a CAGR of 14.6% from 2022 to 2027 according to a new report from MarketsandMarkets.

The rapid growth of the global soil monitoring market is attributed to factors such as government and corporate efforts to promote sustainable agricultural practices, urgent need to preserve soil quality, stringent government regulations pertaining to stability environment and the growing need to improve farming practices. productivity to feed the growing population. Advances in sensing and imaging systems as well as telematics have resulted in wider adoption of soil monitoring sensors, devices and software.

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Ground-based surveillance systems hold the largest market share over the forecast period

Ground monitoring systems are expected to hold the largest market share in the soil monitoring market over the forecast period owing to the high increase in the application of multiple soil monitoring sensors among progressive farmers of the whole world. Ground-based surveillance does not require strong technical know-how, which is a significant factor contributing to the large market share. Technological advancements in smart sensors along with the integration of these sensors with IoT modules have driven the demand for connected agriculture.

Software Offering to Grow at Highest CAGR in Soil Monitoring Market from 2022 to 2027

The software segment is expected to grow at the highest rate over the forecast period as solutions are deployed in data management and field mobility solutions for providing valuable information to farmers. These software solutions provide detailed analysis of soil health and agricultural operations that need to be performed to ensure better yields, soil test information, and application-specific data. These software products allow farmers to monitor and control their field operations using smartphones, PCs or laptops, reducing their field trips. This saves time and increases productivity. The hardware segment held the largest share of the ground monitoring market in 2021, and a similar trend is expected to be observed from 2022 to 2027. Hardware components, sensors, devices, and equipment are increasingly adopted in agricultural and non-agricultural applications. The integration of various sensors in the remote monitoring solutions due to the lower cost of these sensors has secured the largest market share in the hardware segment.

Non-agricultural application expected to grow at the highest rate between 2022 and 2027

The non-agricultural application is on an upward growth trajectory owing to the adoption of various handheld devices and soil scanners for soil monitoring purposes, especially for weather forecasting and flood and drought management. Sports field management, landscaping and soil maintenance are some of the major applications of the soil monitoring market which is expected to witness strong growth in the coming years.

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Americas holds the largest soil monitoring market share over the forecast period

The Americas are expected to hold the largest ground monitoring market share between 2022 and 2027. The deployment of ground-based monitoring systems along with the growing popularity of sensing and imaging systems is quite high in the US and Canada, thanks to which the region holds a significant market share. South American countries like Brazil and Argentina have large farms aplenty, where government reforms to develop digital and sustainable agriculture are yielding significant benefits. The adoption of telematics and robotics in the Americas is growing significantly and charting the growth course for the development of the ground monitoring market.

This report profiles the major players such as Stevens Water Monitoring Systems (USA), SGS Group (Swiss), METER Group (USA), Element Material Technology (UK), The Toro Company (USA), Campbell Scientific (USA), Sentek Technologies (Australia), Spectrum Technologies (US), Irrometer (US) and CropX Technologies (Israel).

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