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Soil Monitoring Devices Market By Product Type (Software, Hardware), By Application (Moisture Monitoring, Salinity Monitoring, Temperature Monitoring, and Others), By End User (Farming Usage, Non-Farming Usage), and country, Market Share, Forecast Data, In-Depth Analysis And Detailed Overview and Forecast, 2022 to 2027.

Published: March, 2023
ID: 11273
Pages: 175
Formats: report pdf report excel report power bi report ppt

Soil Monitoring Devices Market Size, Growth, Trends, and Forecast 2026:

The Soil Monitoring Devices Market is estimated to experience reasonable growth to record a CAGR of 15% throughout the estimated period (2022 - 2027) and expected at USD 370 million in 2021 and is anticipated to the extent of an over of USD 680 million by the end of the assessment period. 

Ground monitoring systems are a combination of devices that can perform various functions like ground detection, read / store data, and transmit data through a transmitter to computers. This data helps to analyze the soil data and thus make decisions. Measurement of soil parameters before planting using monitoring systems is expected to reduce water consumption, energy costs and increase yield. Potential benefits associated with soil monitoring systems include increased ability to manage growth rates, quality, efficiency, and reduction in disease frequency, monitoring time and costs, and management costs ground. 

Impact of covid-19 on Soil Monitoring Devices Market:

The impact of COVID-19 on the Soil Monitoring Devices Market is expected to last for a short to medium period due to the disruption in the supply chain leading to a shortage of devices and equipment for the Soil Monitoring Devices Market. However, advances in remote sensing, imaging, and monitoring have enabled better farm management, and they will likely be less affected by the COVID-19 pandemic. Remote sensing, imaging, and monitoring are likely to see significant demand in the post-COVID-19 world. Several players on the team’s side are expecting slow growth during the first three-quarters of fiscal 20-21 and could see some growth in the final quarter.

Major agricultural original equipment manufacturers such as John Deere, AGCO, and CNH cut their sales forecasts for the first half of fiscal 20-21 from 10% to 20% due to supply chain disruptions. However, the demand for telematics and connected agriculture has shown promising growth even during a pandemic. The COVID-19 pandemic may further accelerate the installation of IoT-based devices for agricultural and non-agricultural applications. The number of connected agricultural devices should allow promising growth in the medium and long term. The Soil Monitoring Devices Market is expected to recover from the last quarter of 2020, where the demand for detection and imaging could see significant growth.

Recent Developments:

  • In June 2019, Kerlink and Sensoterra announced a partnership that will enable farmers to make data-driven land management decisions and reduce water use by up to 30 percent. Using Kerlink's LoRaWAN-based low-power IoT reference design platform to produce a new class of soil moisture sensors, Sensoterra will launch its new sensors in the United States, Europe, and the Asia-Pacific region starting this year.
  • In July 2017, The IoT solution enabled farmers to maximize crop yields, yields and profits. Senet, a leading global networking and connectivity provider for the Internet of Things, and Sensoterra BV, a leading provider of low-cost wireless soil moisture measurement sensors. 
  • Element Materials Technology has opened a laboratory in Oman, which primarily provides testing services related to the construction industry, including testing of concrete, soil, and aggregates. This expansion has enabled the company to provide expert testing services to clients in the region.
  • Toro has acquired Venture Products (United States), the maker of Ventrac products. This acquisition will support the company's strategy to expand into the professional market with an expanded product line to meet customer needs in the landscape, lawn, and snow & ice maintenance categories.

Soil Monitoring Devices Market Drivers and Restraints:

The evolution of agricultural practices towards smart irrigation techniques to make informed decisions through data acquired from sensors and probes is the main factor driving the market for soil monitoring Devices. The changing environmental scenario and water scarcity around the world have led to an increased demand for sophisticated soil monitoring systems that predict the optimal availability of water and nutrients for plantations through the identification of nutritional content and parameters of Humidity of the floor. Decreasing water consumption and increasing productivity through the use of soil monitoring systems are further contributing to the growth of the market for Soil Monitoring Devices.

Waviot, an innovator in extended low-power technologies, says that smart irrigation can reduce water use by 40-70% through real-time monitoring of IoT soil moisture sensors. Furthermore, the strong presence of urban gardens and the evolution of urban water and environmental resources are expected to drive the market for Soil Monitoring Devices globally during the forecast period. Currently, golf courses and urban farming communities are adopting soil monitoring systems to improve the efficiency of irrigation systems to prevent over-irrigation and leaching of fertilizers and other chemicals. However, the high cost of the systems and the lack of awareness of communities in developing countries regarding soil monitoring systems are hampering the growth of the Soil Monitoring Devices Market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

15% 

Segments Covered

By Product Type, By Application, By End-User 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Stevens Water Monitoring Systems Inc., The Toro Company, Spectrum Technologies, Inc., and Sentek Technologies

Soil Monitoring Devices Market Segmentation:

Soil Monitoring Devices Market – By Product Type:

  • Software

  • Hardware

Soil Monitoring Devices Market – By Application:

  • Moisture Monitoring
  • Salinity Monitoring
  • Temperature Monitoring
  • Others

Soil Monitoring Devices Market – By End User:

  • Farming Usage
  • Non-Farming Usage

Regional Analysis:

North America dominates the global market for soil monitoring Devices due to the strong presence of large-scale agriculture and the increasing adoption of smart agricultural technologies. The increasing adoption of smart irrigation technologies for minimal use of water resources for plantations is also contributing to the growth of the market for soil monitoring Devices in the United States. The shift in farmers' interests towards sustainable agricultural practices and a strong presence of consumer purchasing power towards technologically innovative products are also factors driving the market for soil monitoring systems in the United States.

Increasing funding from the government organization of national monitoring institutions for better monitoring of soil moisture and rainfall is expected to further boost the market for Soil Monitoring Devices in the United States. In the 2018 Farm Bill, the government approved a total fund of $ 5 million for fiscal years 2020-2027 for better monitoring of soil moisture and rainfall, thus improving the accuracy of the drought monitor.

Leading Company:

The Toro Company had the largest share of the Soil Monitoring Devices Market in terms of sales revenue in 2021.

Key Players:

The Soil Monitoring Devices Market is concentrated with well-established players. Key players in the Soil Monitoring Devices Market include Stevens Water Monitoring Systems Inc., The Toro Company, Spectrum Technologies, Inc., and Sentek Technologies.

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