Soil Monitoring Market to be Worth $1.1 Billion by 2030

Soil Monitoring Market by Offering (Software, Hardware, Services), System Type (Sensing & Imagery, Ground-based Monitoring System, Other System Types), Sector (Agriculture, Non-Agriculture), and Geography - Global Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Soil Monitoring Market by Offering (Software, Hardware, Services), System Type (Sensing & Imagery, Ground-based Monitoring System, Other System Types), Sector (Agriculture, Non-Agriculture), and Geography - Global Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the soil monitoring market is projected to reach $1.1 billion by 2030, at a CAGR of 10.3% from 2023-2030. The growth of the soil monitoring market is driven by the rising need to preserve soil quality, the growing demand to improve farm productivity, and the rising adoption of advanced farm techniques. However, the difficulties in monitoring due to spatial variability of soil restrains the growth of the soil monitoring market. Furthermore, the integration of advanced technologies to promote smart agriculture, the growing adoption of soil monitoring in emerging countries, and rising government investment in agriculture practices are expected to create growth opportunities in the market. However, one of the major challenges for the players operating in this market is the lack of awareness and technical skills regarding soil monitoring. The latest trends in the global soil monitoring market are the increasing adoption of drone-based soil monitoring and the growing adoption of soil robotics.

The soil monitoring market is segmented by offering (software, hardware, services), system type (sensing & imagery {satellite-based soil monitoring, drone-based soil monitoring, manned aircraft/aerial photography soil monitoring}, ground-based monitoring system, other system types), and sector (agriculture, non-agriculture.) The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on offering, the soil monitoring market is segmented into hardware, software, and services. In 2023, the hardware segment is expected to account for the largest share of the soil monitoring market. The large market share of this segment is attributed to the increasing penetration of soil sensors, soil scanners, and weather stations for soil monitoring, the rising need to preserve soil quality, the increasing focus on hardware-centric capabilities, and the increasing R&D investments to improve soil monitoring sensors and other devices.

However, the services segment is slated to register the highest CAGR during the forecast period. The rising involvement of IoT in farming and the growing adoption of technological advancement to better the quality of crops and soil is enhancing the demand for services segment in the farming industry.

Based on system type, the soil monitoring market is segmented into sensing & imagery, ground-based monitoring systems, and other system types. In 2023, the ground-based monitoring system segment is expected to account for the largest share of the soil monitoring market. The large market share of this segment is attributed to the increasing adoption of soil monitoring sensors and devices, the growing demand to improve farm productivity, and the rising need to preserve soil quality. In addition, the growing awareness among farmers regarding the benefits associated with ground-based monitoring systems further supports the growth of this segment.

However, the sensing & imagery segment is slated to register the highest CAGR during the forecast period. The increasing adoption of drone-based soil monitoring, the rising need to improve soil quality, and the growing demand for satellite-based soil monitoring are expected to support the growth of this segment.

Based on sector, the soil monitoring market is segmented into agriculture and non-agriculture. In 2023, the agriculture segment is expected to account for the largest share of the soil monitoring market. The large market share of this segment is attributed to the growing demand to improve farm productivity, rising adoption of advanced farm techniques, and rising government investments in agriculture practices. In addition, the rising demand for soil health monitoring platforms, growing farmer awareness of sustainable agriculture practices, and growing adoption of satellite-based soil monitoring for agricultural applications are driving the growth of this segment. Also, this segment is projected to register the highest CAGR during the forecast period.

Based on geography, the soil monitoring market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the soil monitoring market. North America’s major market share is attributed to the presence of prominent players offering advanced soil monitoring solutions. Furthermore, the growing adoption of soil monitoring sensors and devices, integration of advanced technologies to promote smart agriculture, growing demand to improve farm productivity, and rising government investment in agriculture practices are also contributing to the growth of the soil monitoring market in North America.

However, Asia-Pacific is projected to register the fastest growth rate during the forecast period. The rapid growth of this market is driven by the growing awareness among farmers regarding the benefits associated with ground-based monitoring systems, the rising need to improve soil quality, and the growing adoption of soil monitoring in emerging countries such as India, Japan, and South Korea.

Key Players

The key players operating in the soil monitoring market are Stevens Water Monitoring Systems Inc. (U.S.), SGS SA (Switzerland), METER Group, Inc. (U.S.), Element Materials Technology (U.K.), The Toro Company (U.S.), Campbell Scientific, Inc. (U.S.), Sentek Pty Ltd (Australia), Spectrum Technologies, Inc. (U.S.), Irrometer Company, Inc. (U.S.), CropX Inc. (U.S.), Acclima, Inc. (U.S.), HydroPoint Data Systems, Inc. (U.S.), Delta-T Devices Ltd (U.K.), Manx Technology Group Limited (Isle of Man), and Soil Scout Oy (Finland).

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Key Questions Answered in the Report:

Which are the high-growth soil monitoring market segments in terms of offering, system type, and sector?
What is the historical market size for soil monitoring across the globe?
What are the market forecasts and estimates for 2023–2030?
What are the major drivers, restraints, opportunities, challenges, and trends in the global soil monitoring market?
Who are the major players in the global soil monitoring market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the global soil monitoring market?
What are the different strategies adopted by major market players?
What are the geographic trends and high-growth countries?
Who are the local emerging players in the global soil monitoring market, and how do they compete with other players?

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