Soil Monitoring Market is predicted to reach USD 1,008.99 Billion at a CAGR of 10.68% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Soil Monitoring Market” that contains information from 2018 to 2032. The Soil Monitoring Market is estimated to register a CAGR of 10.68% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Soil Monitoring Market— Stevens Water Monitoring Systems (US), SGS Group (Switzerland), METER Group (US), Element Material Technology (UK), The Toro Company (US), Campbell Scientific (US), Sontok Technologies (Australia), Spectrum Technologies (US), Irromotor (US), and Cropx Technologies (Israel).
Soil Monitoring Market Highlights
The global Soil Monitoring Market is accounted to register a CAGR of 10.68% during the forecast period and is estimated to reach USD 1,008.99 Billion by 2032.
the soil monitoring market refers to the industry involved in developing and providing technologies, tools, and solutions for the monitoring and analysis of soil conditions. This market is closely related to agriculture, environmental monitoring, construction, and land management, among other sectors. Soil monitoring technologies help gather data on various soil parameters such as moisture content, temperature, nutrient levels, pH, and salinity, which are crucial for making informed decisions in farming, land management, and environmental studies.
Segment Analysis
The global Soil Monitoring Market has been segmented based on Offering, Type, and Application.
The Soil Monitoring market segmentation, based on Offering, includes Hardware, Software, and Services. The hardware category dominated the market, accounting for 43% of market revenue (USD 152.7 Billion) in 2022. Worldwide soil monitoring instruments such as soil detectors, Soil scanning devices, meteorological stations, and additional soil monitoring tools are becoming more popular. As an outcome, there is an increasing need for high-quality monitoring Hardware which supports market expansion.
The Soil Monitoring market segmentation, based on Type, includes Sensing & Imagery, Ground- Based Sensing, and Robotics Telematics. The ground-based sensing category generated the highest market income of about 48% (USD 170.5 billion) in 2022. This is because forward-thinking farmers worldwide are increasing their need for sensors and other monitoring technologies. Thus, this gadget provides several benefits that enable farmers to feed crops with location-specific input. Robotics & telematics is expected to grow and expand quickly during the projected timeframe.
The Soil Monitoring market segmentation, based on Application, includes Agriculture and Non- Agriculture. The agriculture segment dominated the market, accounting for 72% of market revenue (USD 255.7 Billion) in 2022. For uses in agriculture, a soil tracking system is essential. systems aid in the control of irrigation. Irrigators may obtain a healthy crop, utilize fewer resources, and boost profitability using effective irrigation management.
Regional Analysis
The global Soil Monitoring Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Soil Monitoring market area will dominate during the projected timeframe due to increased knowledge and implementation of worldwide soil monitoring technology for increasing agricultural production and quality, boosting the market growth in this region. Further, the significant countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe region’s Soil Monitoring market accounts for the second-largest market share due to several nations in the area increasing their expenditures on agricultural technology, which will boost the overall market growth. Further, the German Soil Monitoring market holds the largest market share, and the UK Soil Monitoring market is expected to grow and expand rapidly in the European region during the projected timeframe.
The Asia-Pacific Soil Monitoring market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the widespread adoption of ground-based and sensor imaging equipment for monitoring to guarantee optimum growth of plants and high yields for agriculture, which will boost overall market growth and expansion. Moreover, China’s Soil Monitoring market dominates the market share, and the Indian Soil Monitoring market is expected to grow and expand quickly in the Asia-Pacific region during the projected timeframe.
Key Findings of the Study
- The global Soil Monitoring Market is expected to reach USD 1008.99 Billion by 2032, at a CAGR of 10.68% during the forecast period.
- The Asia-Pacific Soil Monitoring market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the widespread adoption of ground-based and sensor imaging equipment for monitoring to guarantee optimum growth of plants and high yields for agriculture, which will boost overall market growth and expansion.
- The Soil Monitoring market segmentation, based on Offering, includes Hardware, Software, and Services. The hardware category dominated the market, accounting for 43% of market revenue (USD 152.7 Billion) in 2022.
- Stevens Water Monitoring Systems (US), SGS Group (Switzerland), METER Group (US), Element Material Technology (UK), The Toro Company (US), Campbell Scientific (US), Sontok Technologies (Australia), Spectrum Technologies (US), Irromotor (US), and Cropx Technologies (Israel)
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Companies Covered | 15 |
Pages | 120 |
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