Global Soil Moisture Monitoring Systems Market - 2023-2030

Global Soil Moisture Monitoring Systems Market - 2023-2030

Global Soil moisture monitoring systems Market reached US$ 237.1 million in 2022 and is expected to reach US$ 759.8 million by 2030, growing with a CAGR of 15.6% during the forecast period 2023-2030.

The global soil moisture monitoring systems market has witnessed significant growth. Farmers are adopting these technologies to provide precision soil moisture analysis data which helps to aid good irrigation management, which helps in improving the crop yield and quality, and also prevents overwatering. Hence, such factors help in driving the global soil moisture monitoring systems market.

Consumer demand for soil moisture monitoring systems has led to increased efforts by companies to develop premium end products. One notable example is the Irrometer Company, Inc., which manufactures Irrometer tensiometers. These devices gauge the actual soil water tension, providing insight into the root system's need to extract water from the soil. Consequently, the availability of such products has the potential to expand the market size.

The agriculture segment accounts significant share of the soil moisture systems market. Similarly, the Asia-Pacific dominates the soil moisture monitoring systems market, capturing the largest market share of over 1/3rd. Australia is the largest consumer of these technologies as they have around 427 million hectares. agricultural land in use.

Dynamics

Increase in Demand for Precision Farming

As the demand for precision farming is increasing, farmers are adopting advanced farming technologies such as soil moisture monitoring systems, as they provide real-time data on soil moisture levels, which enables sustainable soil management, and helps in increasing crop yield and quality. Hence, such factors help in increasing market growth.

Furthermore, many key players are producing innovative products in order to expand their consumer bases. For instance, Riot Technology Corp company produces Gropoint Pro, which is an all-in-one soil sensor with moisture, temperature, salinity, and wetting front. It measures the average volumetric water content, soil temperature and electrical conductivity. Hence, such products can help in increasing the market size.

Product Launches

Farmers are highly adopting these technologies in agriculture as they help in monitoring the soil and provide a precision Soil moisture data helps farmers optimize irrigation, ensuring that crops receive the right amount of water at the right time. This leads to improved crop yield and quality. Hence, such factors help in increasing the adoption rate.

Furthermore, As the demand for advanced technologies in agriculture is increasing, many manufacturing companies are launching innovative products. For instance, In September 2020, Onset Computer Corporation Company launched a new HOBOnet Multi-Depth Soil Moisture Sensor. A wireless sensor that works with HOBOnet (Onset’s wireless mesh network system for remote monitoring over large areas), It measures soil moisture and soil temperature at multiple depths with a single probe.

Less Awareness

Less awareness significantly affects the growth of the soil moisture monitoring systems market. Due to less awareness about the benefits of soil moisture monitoring, many farmers may rely or opt for traditional farming systems, which could affect the adoption rate. Hence, less awareness can hamper the market growth.

Furthermore, many governments have provided schemes to help farmers to opt for advanced technologies. For instance, in August 2022, the government of India implemented the Digital Agriculture Mission (DAM). But due to less awareness about the advanced technologies many farmers didn’t adopt this which can cause declination in market growth.

Segment Analysis

The global soil moisture monitoring systems market is segmented based on type, distribution channel, application and region.

Increase in Demand for Advanced Technologies

The agricultural segment holds the largest share of the global soil moisture monitoring systems market. The demand for these technologies is increasing among farmers as they help in sustainable soil monitoring and provide precision soil moisture data, that helps the farmers optimize their irrigation practices, and also helps in increasing crop productivity. Hence, such factors help in increasing the usage of soil moisture monitoring systems.

Furthermore, many key players are producing innovative high-quality products in order to attract larger consumer bases. For instance, Murata Manufacturing Co., Ltd. company produces Soil Sensor SLT5006, this product monitors soil temperature, water content, and fertilizer content over the long term in agriculture, and helps in controlling irrigation systems in agriculture. Hence, such products help in increasing the adoption rate.

Geographical Penetration

Vast Agricultural land and Government Initiatives

Asia-Pacific has been a dominant share in the global soil moisture monitoring systems market and its significance has only grown in the post-2020 era. Farmers in this region are highly adopting these technologies as they provide data on the moisture level of soil which helps the farmers to provide an optimum amount of water to crops and also helps in increasing the crop yield productivity. Hence, such factors help to increase the adoption rate of this technology in this region.

Furthermore, the presence of vast agricultural land in this region can help in increasing the usage of these technologies. For instance, according to the Department of Agriculture, Fisheries, and Forestry report of 2023, Australia has around 427 million hectares of agricultural land. Hence, it can help in increasing the market in this region.

Additionally, the government in this region has provided some initiatives to help the farmers to adopt these technologies. For instance, the government of India has provided a new technology called Soil Sens a low-cost smart soil monitoring system that has come as a potential help to farmers facing farming decision predicaments. It is developed by Proximal Soilsens Technologies Pvt. Ltd. Hence, such initiatives can help to increase the market in this region.

Competitive Landscape

The major global players in the market include Shandong Renke Control Technology Co.,Ltd., Delta-T Devices Ltd, Vegetronix Inc., Meter Group, Irrometer Company, Inc., RIOT TECHNOLOGY CORP., Murata Manufacturing Co., Ltd., Wildeye, Sentek Technologies, and VOX MEDIA, LLC.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain, many manufacturing companies have shut down due to government lockdown restrictions, which has led to a decrease in the availability of products in the market, which led to a decrease in the adoption rate, this can lead to decrease in the global soil moisture monitoring systems market.

By Type
• FullStop System
• Tensiometers System
• Granular Matrix Sensors System
• Capacitance System
• Others

By Distribution Channel
• E-Commerce
• Company Stores
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Application
• Agriculture
• Sandstorm Warning
• Environmental Protection
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In January 2023, Moen and Rachio introduced a new smart watering solution at CES, Moen is expanding its Smart Water Network — a system of products designed to control and monitor water usage — with a new Smart Sprinkler Controller and Smart Wireless Soil Sensors.
• In November 2021, Sentera acquired Insight Sensing. With the acquisition of Insight Sensing, Sentera is continuing its mission to focus on creating insights that are timely, accurate, affordable, and actionable while accelerating the adoption of its solutions through expanded capabilities and partnerships.

Why Purchase the Report?
• To visualize the global soil moisture monitoring systems market segmentation based on type, distribution channel, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of soil moisture monitoring systems market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global soil moisture monitoring systems market report would provide approximately 62 tables, 63 figures, and 189 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies