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Tuesday, 29 November 2022 11:13 GMT

Soil Monitoring Market By Offering, System Type, Application And Region - Global Forecast To 2027'


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DUBLIN, Nov. 22, 2022 /PRNewswire/ -- The 'soil monitoring market by offering (hardware, software, services), system type (sensing & imagery, ground-based sensing, robotic & telematics), application (agricultural, non-agricultural) and region - global forecast to 2027' report has been added to
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The soil monitoring market is estimated to be worth USD 551 million in 2022 and is projected to reach USD 1,088 million by 2027, at a CAGR of 14.6%.

The market for sensing & imagery systems is estimated to grow at the highest CAGR during the forecast period.

The market for sensing and imagery will witness strong growth as the use of satellite imagery, drones, manned aircraft, or aerial imagery is more prominent in agricultural applications of soil monitoring; these imaging systems gather raw data pertaining to soil. Multispectral and hyperspectral sensors are usually mounted on these airborne vehicles. Remote sensing technology is an economical technique for mapping and monitoring crop and soil variability.

Remote sensing imagery helps in pasturing the growth rate, mapping soil variations, monitoring field variability, detecting pest-infected or diseased plants, enhancing crop input, etc. Sensing and imagery systems become complicated in the case of data mapping as they require instrument calibration, atmospheric correction, cloud screening of data, and image processing.

The market for hardware is estimated to account for the largest share between 2022 and 2027.

The soil monitoring market for hardware is expected to flourish at a significant growth rate and is estimated to hold the dominant position during the forecast period. Hardware components, sensors, devices, and equipment are increasingly adopted in agricultural and non-agricultural applications. The integration of various sensors into remote monitoring solutions owing to the reduced cost of these sensors has resulted in the largest market share of the hardware segment.

The market for non-agricultural applications is estimated to grow at the highest CAGR from 2022 to 2027.

The soil monitoring market for the non-agricultural application is expected to grow at the highest CAGR during the forecast period. The use of several sensors, soil scanners, and devices for soil monitoring purposes for the non-agricultural application has been on the rise. Weather forecasting, flood and drought management, sports turf management, landscaping, and ground care use soil monitoring sensors to optimize their operations.

The soil monitoring market in the APAC region is expected to witness robust growth during 2022-2027.

The surging investments in the ag-tech sector in APAC, increasing penetration of ground-based monitoring systems as well as sensing and imagery systems are some of the major factors for the fast growth of the soil monitoring market.

The region has promising growth prospects in the soil monitoring market owing to the presence of various international and domestic players in the field of soil monitoring in countries such as India, China, Japan, and Australia. Other factors contributing to the growth of the soil monitoring market in the APAC region include strong government support to digitalize agriculture, rising concerns to boost productivity, and integration of advanced systems with various equipment.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights 4.1 Attractive Opportunities for Players in Soil Monitoring Market4.2 Soil Monitoring Market in Asia-Pacific, by System Type and Country4.3 Soil Monitoring Market, by Offering4.4 Soil Monitoring Market, by Hardware4.5 Soil Monitoring Market, by Application4.6 Geographic Analysis of the Soil Monitoring Market

5 Market Overview 5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Efforts of Governments and Companies to Promote Sustainable Agriculture Practices5.2.1.2 Need to Preserve Soil Quality5.2.1.3 Stringent Government Regulations Pertaining to Ecological Stability5.2.1.4 Growing Need to Improve Farm Productivity5.2.2 Restraints5.2.2.1 Difficulties in Monitoring due to Spatial Variability of Soil5.2.2.2 Poor Reliability and High Costs Associated with Soil Monitoring Sensors5.2.2.3 Low Adoption of Modern Agricultural Technologies5.2.3 Opportunities5.2.3.1 Integration of Advanced Technologies Like IoT and Data Analytics to Promote Smart Agriculture5.2.3.2 Huge Government Spending on Agriculture5.2.3.3 Digitalization of Agriculture and Adoption of Advanced Farming Techniques Post-COVID-195.2.4 Challenges5.2.4.1 Lack of Awareness and Technical Skills

6 Industry Trends 6.1 Introduction6.2 Major Trends in Soil Monitoring Market6.2.1 Adoption of IoT Devices and Development of Connected Environment6.2.2 Evolving Wireless Monitoring Systems6.2.3 Development of Smart Sensors6.3 Value Chain Analysis6.4 Technology Analysis6.4.1 Soil Sensor Technologies6.5 Average Selling Price (ASP) Analysis6.6 Case Studies: Soil Monitoring Market6.6.1 Case Study 1: Sentek Technologies6.6.2 Case Study 2: Campbell Scientific6.7 Ecosystem Market Map6.8 Patent Analysis6.9 Key Conferences & Events,2022-2023

7 Soil Monitoring Market, by System Type 7.1 Introduction7.2 Sensing & Imagery Systems7.2.1 Satellite-based Soil Monitoring7.2.1.1 Satellite-based Soil Monitoring for Agricultural Applications7.2.2 Manned Aircraft/ Aerial Photography-based Soil Monitoring7.2.2.1 Utilization of Aerial Photography by Large Farms7.2.3 Drone-based Soil Monitoring7.2.3.1 Increasing Adoption of Drone-based Soil Monitoring7.3 Ground-based Monitoring Systems7.3.1 Does Not Require Strong Technical Knowledge7.4 Others (Telematics & Robotics)

8 Soil Monitoring Market, by Offering 8.1 Introduction8.2 Hardware8.2.1 Sensors8.2.1.1 Volumetric Soil Moisture Sensors8.2.1.1.1 Neutron Probes8.2.1.1.1.1 Neutron Probes Offer Accurate Readings When Calibrated Properly8.2.1.1.2 Capacitance Sensors8.2.1.1.2.1 Capacitance Sensor Account for Second-Largest Share8.2.1.1.3 Time-Domain Transmissometry Sensors8.2.1.1.3.1 Dominance of Time-Domain Transmissometry Sensors8.2.1.2 Soil Water Potential Sensors8.2.1.2.1 Tensiometers8.2.1.2.1.1 Used in Measuring Soil Water Content8.2.1.2.2 Gypsum Blocks8.2.1.2.2.1 Increased Demand for Gypsum Blocks8.2.1.2.3 Granular Matrix Sensors8.2.1.2.3.1 Capability to Capture Data on Soil Moisture8.2.1.3 Others8.2.1.3.1 Temperature Sensors8.2.1.3.1.1 Monitoring Soil Temperature to Boost Farm Productivity8.2.1.3.2 Ph Sensors8.2.1.3.2.1 Enable Better Nutrient Absorption to Enhance Plant Growth8.2.1.3.3 Nutrient Sensors8.2.1.3.3.1 Nutrient Measurement Aids in Better Input Management8.2.1.3.4 Climate Sensors8.2.1.3.4.1 Global Climate Change Prompts Growers to Deploy Climate Sensors8.2.1.3.5 Salinity Sensors8.2.1.3.5.1 Prevent Soil Erosion and Land Degradation8.2.2 Smart Imaging Systems8.2.2.1 Increased Demand for Hyperspectral Camera Systems8.2.3 Data Loggers and Telemetry Systems8.2.3.1 Escalated Demand for Telematics Devices8.2.4 Portable Soil Scanners8.2.4.1 Flexibility and Mobility to Use on Targeted Sites8.2.5 Others8.3 Software8.3.1 On-Premises8.3.1.1 Allow Growers to Store Data Locally Securely8.3.2 Cloud-based8.3.2.1 Provides Remote Access to Field Information8.3.2.2 Software-As-A-Service (SaaS)8.3.2.3 Platform-As-A-Service (PaaS)8.4 Services8.4.1 System Integration and Consulting Services8.4.1.1 System Integration and Consulting Services Hold Major Share in the Market8.4.2 Managed Services8.4.2.1 Farm Operation Services8.4.2.1.1 Demand for Farm Operation Service in Soil Monitoring Market8.4.2.2 Data Services8.4.2.2.1 Data-Driven Farming Has Created Significant Demand for Data Services8.4.2.3 Analytics Services8.4.2.3.1 Need to Interpret Data to Meet Growing Demand for Analytics Services8.4.3 Connectivity Services8.4.3.1 High Demand for Connected Farming Tools8.4.4 Assisted Professional Services8.4.4.1 Supply Chain Management Services8.4.4.1.1 Concerns to Ensure Food Security to Fuel Demand8.4.4.2 Climate Information Services8.4.4.2.1 Need for Sustainable Agriculture to Boost Demand for Climate Information Services

9 Soil Monitoring Market, by Application 9.1 Introduction9.2 Agricultural9.2.1 Field Crops (Open-Field Farming and RoW Crops)9.2.1.1 High Adoption of Soil Monitoring Sensors in Field Crops9.2.2 Smart Greenhouse & Horticulture9.2.2.1 Crucial Role of Soil Sensors in Smart Greenhouses9.2.3 Vertical Farms9.2.3.1 Adoption of Advanced Smart Sensors in Vertical Farms9.2.4 Others (Floriculture, Orchards, and Cannabis/Hemp)9.3 Non-Agricultural9.3.1 Residential9.3.1.1 Expanding Residential Infrastructure Has Resulted in Heightened Demand for Soil Monitoring9.3.2 Landscaping and Ground Care9.3.2.1 Landscaping and Ground Care in Sloping Terrains Generate Substantial Demand for Soil Monitoring9.3.3 Sports Turf9.3.3.1 Soil Monitoring in Sports Turf Management Help to Optimize Irrigation of Sport Turfs9.3.4 Forestry9.3.4.1 Adoption of Soil Monitoring to Protect Forests9.3.5 Construction and Mining9.3.5.1 Demand for Construction and Mining Verticals for Soil Monitoring During Forecast Period9.3.6 Weather Forecasting9.3.6.1 Implementation of Soil Monitoring to Reduce Soil Erosion9.3.7 Others

10 Soil Monitoring Market, by Geography

11 Competitive Landscape 11.1 Overview11.2 Market Share Analysis - Soil Monitoring Market, 2O2111.3 Strategies Adopted by Key Players11.4 Revenue Share Analysis of Key Players11.5 Company Evaluation Quadrant (Key Players)11.5.1 Stars11.5.2 Emerging Leaders11.5.3 Pervasive Players11.5.4 Participants11.6 Product Footprint11.7 Start-Up/SME Evaluation Quadrant (Other Players)11.7.1 Progressive Companies11.7.2 Starting Blocks11.7.3 Responsive Companies11.7.4 Dynamic Companies11.8 Product Footprint11.9 Competitive Scenario11.9.1 Product Launches11.9.2 Deals11.9.3 Others

12 Company Profiles 12.1 Key Players12.1.1 Stevens Water Monitoring Systems Inc.12.1.2 Sgs Group12.1.3 Meter Group12.1.4 Element Materials Technology Group Limited12.1.5 The Toro Company12.1.6 Campbell Scientific12.1.7 Sentek Technologies12.1.8 Spectrum Technologies, Inc.12.1.9 Irrometer Company, Inc.12.1.10 Cropx Technologies Ltd.12.2 SMEs/Start-Ups12.2.1 Acclima, Inc.12.2.2 Aquacheck USA12.2.3 Hydropoint12.2.4 Delta-T Devices Ltd.12.2.5 Imko Micromodultechnik GmbH12.2.6 E.S.I. Environmental Sensors12.2.7 Vegetronix12.2.8 Aquaspy12.2.9 Soil Scout Oy12.2.10 Caipos GmbH

13 Adjacent and Related Markets

14 Appendix

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