Pune, India, May 2021/MRFR Press Release/- Market Research Future has published its half-cooked research report on the global soil monitoring market.
Market Highlights
According to MRFR analysis, the global soil monitoring market is expected to register a CAGR of ~ 12.5% from 2022 to 2030.
Global soil monitoring entails assessing the consistency, composition, and physical state of the soil to evaluate or ensure that it is acceptable for usage. Compaction, pollutant buildup, organic material degradation, stability difficulties, flooding, salinization, and acidification all pose risks to the soil. The use of soil monitoring facilitates the identification of these and other potential risks to the soil, local climate, animal health, and human health. The growing need to increase farm output to meet the rising global food demand is what is driving the global soil monitoring market. Due to the growing acceptance of sustainable agriculture practises, the global soil monitoring system is gaining prominence. The demand for worldwide soil monitoring systems is expected to increase because of technological developments in agricultural practises, such as soil moisture monitors, which encourage water conservation and increase farm productivity. A result of greater public investment for agricultural R&D activities are improved soil monitoring systems. The need to regulate the soil is driven by environmental issues such declining water supplies, climate change, and vulnerable ecosystems. The demand for soil monitoring systems has grown as a result of the scarcity of natural resources like freshwater and arable land. With the development of smart cities in developing countries, it is projected that the use of soil monitoring systems in agriculture would rise, providing important industry players with exciting potential in the years to come. Additionally, changes in weather patterns and contemporary farming practises have an impact on the need for a more thorough soil research. The use of digital soil monitoring is growing as a result of changes in soil properties brought on by sudden climate conditions.
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Regional Analysis
North America- The Americas (North and South America) North America have contributed the most to the emergence of global soil monitoring systems due to greater awareness and adoption of global soil monitoring technologies for boosting agricultural yield and quality. A number of countries in this region are boosting their investments in agricultural technologies. Due to a labour shortage, farmers in this area have begun to use remote sensing imaging technology, which will raise demand for high-tech soil moisture monitoring systems. As a consequence of the increasing usage of automated devices, the market for worldwide soil monitoring systems is predicted to rise over the forecast period.
Asia-Pacific- Asia-Pacific is expected to expand rapidly throughout the estimated timeframe. The extensive use of ground-based and sensing imaging systems for global soil monitoring to ensure optimal plant development and high agricultural yields is one of the primary drivers driving the market growth of global soil monitoring systems. Because of the presence of numerous local and international players in the field of soil monitoring, Asia-Pacific countries such as India, China, Japan, and Australia have significant growth prospects in the global soil monitoring market. Furthermore, in the APAC region, several governments are strongly supporting agriculture digitization in order to improve crop quality and output.
Market Segmentation
The global soil monitoring market is segmented based on offering, type, application and regions.
By Offering-
The hardware sector will drive market expansion during the forecast period due to the increasing adoption of global soil monitoring tools such as soil sensors, soil scanners, weather stations, and other soil monitoring tools. As a result, there is a growing demand for high-quality hardware for monitoring systems, which drives market growth. These devices necessitate high-quality hardware that can withstand a wide range of climatic conditions.
By Type-
Ground-based monitoring systems are likely to dominate the market throughout the estimated period due to increased demand for sensors and other monitoring tools from forward-thinking farmers globally. As a result, this device offers various advantages that allow farmers to provide crops with site-specific input. Because of the dominance of telematics and robotics, the market for global soil monitoring systems is expected to grow at a faster rate in the near future. This is because farmers are currently facing significant challenges, such as a labour shortage and the associated costs.
By Application-
A soil monitoring system is critical for agricultural applications. Global soil monitoring systems help in optimal irrigation management. With efficient irrigation management, irrigators may achieve a healthy harvest, use fewer inputs, and increase profitability. A soil moisture sensor can help an irrigator understand what's going on in a crop's root zone. Between 2022 and 2030, the agriculture sector will drive global soil monitoring system demand.
Key Players
Some of the significant companies cited in the study 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), Cropx Tochnologies (root).