Soil Monitoring Market Share, Size, Trends, Industry Analysis Report, By Offering (Hardware, Software, Service, Ground-based Sensing, Robotics & Telematics, and Others); By Connectivity; By Application; By Region; Segment Forecast, 2023 - 2032

Soil Monitoring Market Share, Size, Trends, Industry Analysis Report, By Offering (Hardware, Software, Service, Ground-based Sensing, Robotics & Telematics, and Others); By Connectivity; By Application; By Region; Segment Forecast, 2023 - 2032

The global soil monitoring market size is expected treach USD 1,865.99 million by 2032, according ta 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 intcurrent 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 tincrease the adoption of several soil monitoring systems globally, and likely tfuel the market growth.

In addition, the declining agricultural workforce in several countries due tthe 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, tcater 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 thandle all radicommunication and could be easily buried in shallow ground for giving an extended range. It enables customers tdvertical profiling teffectively optimize their input usage and further prevent leaching.

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 tutilize 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 tgrow 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 taccount 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 tthe 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 TorCompany, 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