Global Soil Monitoring System Market, By Component (Hardware, Software, and Service), Connectivity (Wired and Wireless), and End Use (Farming Use and Non- Farming Use), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Soil Monitoring System Market
Data Bridge Market Research analyses that the soil monitoring system market will project a compound annual growth rate (CAGR) of 6.80% during the forecast period of 2021-2028. Growing demand to control various crop related diseases, rising demand for new and mechanized techniques for farming or agriculture especially in the developing countries, concerted efforts of governments and companies to promote sustainable agriculture practices, rising integration of advanced technology with the agricultural equipment and increasing industry competitiveness are the major factors attributable to the growth of soil monitoring system market. This means that the soil monitoring system market value, which was USD 0.7 billion in 2020 will climb up to USD 1.18 billion by the year 2028.
From the name itself, it is clear that soil monitoring system is a system that is used to determine various soil conditions in regards to its consistency, constituents, and physical condition, to assess or ensure its suitability for use.
Growing focus towards preserving the soil quality, rising production of cereals and food grains, and increased focus on the research and development proficiencies in regards to understanding the soil conditions will emerge as the major factors fostering the growth of the market. Also, growing demand for effective and efficient crop protection tools to improve the crop productivity coupled with stringent government regulation regarding ecological stability is another important factor fostering the growth of the market. Growth in the demand for fruit and vegetable food items, ever-rising global population and rising integration of new technologies such as internet of things and analytics in soil monitoring will further create lucrative and remunerative growth opportunities for the market.
However, high cost associated with soil monitoring sensors is a major factor that will pose a major challenge to the growth of the market. Also, complexities and difficulties in monitoring due to spatial variability of soil and lack of awareness and technical skills pertaining to soil monitoring especially in the underdeveloped economies will further slowdown the market growth rate.
This soil monitoring system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on soil monitoring system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Soil Monitoring System Market Scope and Market Size
The global soil monitoring system market is segmented on the basis of component, connectivity and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the component, the soil monitoring system market is segmented into hardware, software and services. Hardware has further been segmented into sensors, smart imaging systems, data loggers and telemetry systems, portable soil scanners and others. Sensors have further been sub-segmented into volumetric soil moisture sensors, soil water potential sensors and others. Volumetric soil moisture sensors are further divided into neutron probes, capacitance sensors and time-domain transsiometry sensors. Soil water potential sensors are further divided into tensiometers, gypsum blocks and granular matrix sensors. Others are further divided into temperature sensors, PH sensors, nutrient sensors, climate sensors and salinity sensors. Software has further been segmented into cloud and on-premises. Services have further been segmented into managed services, connectivity services and assisted professional services. Managed services are further sub-segmented into farm operation services, data services and analytics services. Assisted professional services are further sub-segmented into supply chain management services and climate information services.
The soil monitoring system market is also segmented on the basis of connectivity into wired and wireless.
The soil monitoring system market is segmented on the basis of end use into farming use and non- farming use.
Soil Monitoring System Market Country Level Analysis
The global soil monitoring system market is segmented on the basis of component, connectivity and end use.
The countries covered in the soil monitoring system market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America region dominates the soil monitoring system market and will continue to flourish its dominance during the forecast period owing to the rising land under agricultural domain, prevalence of advanced agricultural technologies and presence of major agri-tech companies. Asia-Pacific region will score the highest CAGR during the forecast period. Growing awareness among the farmers, increasing personal disposable income, high degree of adoption of agriculture technology, rising digitization of agricultural sector and surge in the expenditure for research and development proficiencies are some other important factors fostering the growth of this region.
The country section of the soil monitoring system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Soil Monitoring System Market Share Analysis
The global soil monitoring system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to soil monitoring system market.
The major players covered in the soil monitoring system market report are Stevens Water Monitoring Systems Inc., SGS SA, METER Group, Inc. USA, Element Materials Technology, The Toro Company, Campbell Scientific, Inc., Sentek, Spectrum Technologies, Inc., Irrometer Company, Inc., CropX inc., Acclima, Inc., AquaCheck, Caipos GmbH, Manx Technology Group, Delta-T Devices Ltd., IMKO Micromodultechnik GmbH, Vegetronix, AquaSpy, Soil Scout Oy, and E.S.I. Environmental Sensors, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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