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Soil Monitoring Market By Offering (Hardware {Sensors, Smart Imaging Systems, Data Loggers and Telemetry Systems, Portable Soil Scanners}, Software {On-Premises, Cloud-Based}, Services {System Integration and Consulting Services, Managed Services, Connectivity Services, Assisted Professional Services), Application (Agricultural, Non-Agricultural) System Type (Sensing & Imagery Ground-Based Sensing) and By Region; Global Insights & Forecast (2024 – 2030)

Published: November, 2024  
|   Report ID: AG4203  
|   Agriculture and Agri Inputs

As per Intent Market Research, the Soil Monitoring Market was valued at USD 553.2 million in 2023 and will surpass USD 1,225.5 million by 2030; growing at a CAGR of 12.0% during 2024 - 2030.

The soil monitoring market is rapidly evolving, driven by increasing agricultural productivity demands and the need for sustainable land management practices. As farmers and landowners strive for improved crop yields and resource efficiency, the integration of technology into soil management has become paramount. Soil monitoring systems provide real-time data on soil health, moisture levels, and nutrient content, enabling informed decision-making and optimizing agricultural practices. This market comprises various segments, including offerings such as hardware, software, and services; applications encompassing agricultural and non-agricultural sectors; and system types like sensing & imagery and ground-based sensing.

Hardware segment is Expected to be the Largest Segment Owing to Demand for Precision Agriculture

The hardware segment of the soil monitoring market stands out as the largest, driven by the increasing adoption of precision agriculture practices. Hardware solutions such as sensors, probes, and monitoring devices play a crucial role in gathering real-time data on soil conditions. This data is essential for optimizing irrigation, fertilization, and crop management strategies. Farmers are increasingly investing in advanced hardware technologies to enhance their productivity and ensure sustainable practices. As the global emphasis on food security intensifies, the demand for hardware solutions that facilitate accurate soil monitoring is expected to grow significantly.

The rapid advancements in sensor technology, coupled with decreasing costs, have further bolstered the growth of the hardware segment. Innovative products, such as IoT-enabled soil sensors, provide comprehensive data analytics, enabling farmers to make timely decisions. Additionally, as the agriculture industry continues to embrace automation and data-driven practices, the hardware segment is anticipated to witness sustained growth. The trend towards smart farming is expected to propel the demand for advanced soil monitoring hardware, making it a cornerstone of modern agricultural practices.

Soil Monitoring Market By Offering

Agricultural application is Fastest Growing Owing to Sustainability Initiatives

The agricultural application segment of the soil monitoring market is witnessing robust growth, primarily fueled by sustainability initiatives in farming practices. With the increasing focus on sustainable agriculture, farmers are adopting soil monitoring technologies to enhance soil health and optimize resource utilization. These technologies help in monitoring nutrient levels, soil pH, and moisture content, allowing farmers to tailor their practices to specific crop needs. As a result, the agricultural sector is becoming more data-driven, with soil monitoring systems playing a pivotal role in achieving higher yields while minimizing environmental impact.

Moreover, government policies promoting sustainable farming practices are driving the adoption of soil monitoring solutions in agriculture. The rise of organic farming and precision agriculture, which relies on detailed soil data, is further accelerating this trend. As awareness of environmental sustainability grows, more farmers are investing in soil monitoring systems to ensure compliance with regulations and improve their farming efficiency. This shift towards sustainable agricultural practices is set to position the agricultural application segment as the fastest-growing sector within the soil monitoring market.

Ground-Based Sensing System Type is Largest Owing to Accessibility and Cost-Effectiveness

Among the various system types in the soil monitoring market, ground-based sensing has emerged as the largest segment. Ground-based sensing technologies are highly accessible and cost-effective, making them a preferred choice for many farmers and agricultural enterprises. These systems involve the use of physical sensors placed directly in the soil to monitor conditions such as moisture levels, temperature, and nutrient content. Their straightforward implementation and ability to deliver accurate, localized data contribute to their widespread adoption.

The advantage of ground-based sensing lies in its ability to provide real-time data that is critical for effective soil management. Farmers can use this information to adjust their practices, such as irrigation and fertilization, based on the specific needs of their crops. Additionally, the increasing availability of affordable ground-based sensors and monitoring systems is driving their adoption, particularly in regions where budget constraints are a significant concern. As the need for precision agriculture grows, ground-based sensing systems are expected to maintain their status as a dominant player in the soil monitoring market.

North America to be the Leading Region Owing to Technological Advancements

North America is the leading region in the soil monitoring market, characterized by significant technological advancements and a strong focus on precision agriculture. The region's agricultural sector is highly developed, with widespread adoption of innovative soil monitoring technologies. Farmers in the United States and Canada are increasingly investing in advanced soil sensors and monitoring systems to improve crop yields and resource efficiency. The availability of government incentives and support for sustainable farming practices further drives the adoption of soil monitoring solutions in this region.

Moreover, North America benefits from a robust infrastructure for research and development in agricultural technologies. Many leading companies are headquartered in this region, fostering innovation and the introduction of cutting-edge soil monitoring solutions. As the emphasis on sustainable agriculture grows, the North American soil monitoring market is expected to expand, supported by ongoing advancements in technology and a commitment to enhancing agricultural productivity.

 

Soil Monitoring Market By share by region

Competitive Landscape

The soil monitoring market is characterized by a competitive landscape that includes various key players specializing in soil monitoring solutions. Leading companies such as CropX Inc., Element Materials Technology and Irrometer Company, Inc. are at the forefront of this market, offering a range of hardware, software, and service solutions. These companies focus on continuous innovation, investing in research and development to enhance their product offerings and meet the evolving needs of farmers and land managers.

Strategic partnerships and collaborations are common in the soil monitoring market, allowing companies to leverage complementary strengths and expand their market reach. Additionally, mergers and acquisitions are prevalent as companies seek to enhance their technological capabilities and broaden their portfolios. The competitive landscape is marked by a commitment to sustainability and precision agriculture, with players increasingly emphasizing the development of solutions that contribute to environmental stewardship while improving agricultural productivity. As the market continues to evolve, the focus on advanced technologies and data-driven solutions is expected to intensify, shaping the future of soil monitoring.

Report Objectives:

The report will help you answer some of the most critical questions in the Soil Monitoring Market. A few of them are as follows:

  1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
  2. What are the prevailing technology trends in the Soil Monitoring Market?
  3. What is the size of the Soil Monitoring Market based on segments, sub-segments, and regions?
  4. What is the size of different market segments across key regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa?
  5. What are the market opportunities for stakeholders after analyzing key market trends?
  6. Who are the leading market players and what are their market share and core competencies?
  7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
  8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope:

Report Features

Description

Market Size (2023)

USD 553.2 million

Forecasted Value (2030)

USD 1,225.5 million

CAGR (2024 – 2030)

12.0%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Soil Monitoring Market Offering (Hardware {Sensors, Smart Imaging Systems, Data Loggers and Telemetry Systems, Portable Soil Scanners}, Software {On-Premises, Cloud-Based}, Services {System Integration and Consulting Services, Managed Services, Connectivity Services, Assisted Professional Services), Application (Agricultural, Non-Agricultural) System Type (Sensing & Imagery Ground-Based Sensing)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3.Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Soil Monitoring Market, by Offering (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Hardware

      4.1.1. Sensors

         4.1.1.1. Neutron Probes

         4.1.1.2. Capacitance Sensors

         4.1.1.3. Time-Domain Transmissometry Sensors

         4.1.1.4. Tensiometers

         4.1.1.5. Gypsum Blocks

         4.1.1.6. Granular Matrix Sensors

         4.1.1.7. Others

      4.1.2. Smart Imaging Systems

      4.1.3. Data Loggers and Telemetry Systems

      4.1.4. Portable Soil Scanners

      4.1.5. Others

   4.2. Software

      4.2.1. On-Premises

      4.2.2. Cloud-Based

   4.3. Services

      4.3.1. System Integration and Consulting Services

      4.3.2. Managed Services

         4.3.2.1. Farm Operation Services

         4.3.2.2. Data Services

         4.3.2.3. Analytics Services

      4.3.3. Connectivity Services

      4.3.4. Assisted Professional Services

5. Soil Monitoring Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Agricultural

      5.1.1. Field Crops

      5.1.2. Smart Greenhouse & Horticulture

      5.1.3. Vertical Farms

      5.1.4. Others 

   5.2. Non-Agricultural

      5.2.1. Residential

      5.2.2. Landscaping And Ground Care

      5.2.3. Sports Turf

      5.2.4. Forestry

      5.2.5. Construction And Mining

      5.2.6. Weather Forecasting

      5.2.7. Others

6. Soil Monitoring Market, by System Type (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Sensing & Imagery

      6.1.1. Satellite-Based Soil Monitoring

      6.1.2. Manned Aircraft / Aerial Photography-Based Soil Monitoring

      6.1.3. Drone-Based Soil Monitoring

   6.2. Ground-Based Sensing

   6.3. Others

7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Regional Overview

   7.2. North America

      7.2.1. Regional Trends & Growth Drivers

      7.2.2. Barriers & Challenges

      7.2.3. Opportunities

      7.2.4. Factor Impact Analysis

      7.2.5. Technology Trends

      7.2.6. North America Soil Monitoring Market, by Offering

      7.2.7. North America Soil Monitoring Market, by Application

      7.2.8. North America Soil Monitoring Market, by System Type 

      7.2.9. By Country

         7.2.9.1. US

               7.2.9.1.1. US Soil Monitoring Market, by Offering

               7.2.9.1.2. US Soil Monitoring Market, by Application

               7.2.9.1.3. US Soil Monitoring Market, by System Type 

         7.2.9.2. Canada

         7.2.9.3. Mexico

          *Similar segmentation will be provided for each region and country

   7.3. Europe

   7.4. Asia-Pacific

   7.5. Latin America

   7.6. Middle East & Africa

8. Competitive Landscape

   8.1. Overview of the Key Players

   8.2. Competitive Ecosystem

      8.2.1. Level of Fragmentation

      8.2.2. Market Consolidation

      8.2.3. Product Innovation

   8.3. Company Share Analysis

   8.4. Company Benchmarking Matrix

      8.4.1. Strategic Overview

      8.4.2. Product Innovations

   8.5. Start-up Ecosystem

   8.6. Strategic Competitive Insights/ Customer Imperatives

   8.7. ESG Matrix/ Sustainability Matrix

   8.8. Manufacturing Network

      8.8.1. Locations

      8.8.2. Supply Chain and Logistics

      8.8.3. Product Flexibility/Customization

      8.8.4. Digital Transformation and Connectivity

      8.8.5. Environmental and Regulatory Compliance

   8.9. Technology Readiness Level Matrix

   8.10. Technology Maturity Curve

   8.11. Buying Criteria

9. Company Profiles

   9.1. Campbell Scientific, Inc.

      9.1.1. Company Overview

      9.1.2. Company Financials

      9.1.3. Product/Service Portfolio

      9.1.4. Recent Developments

      9.1.5. IMR Analysis

       *Similar information will be provided for other companies 

   9.2. CropX Inc.

   9.3. Element Materials Technology

   9.4. Irrometer Company, Inc.

   9.5. METER Group

   9.6. Sentek Technologies

   9.7. SGS Société Générale de Surveillance SA.

   9.8. Spectrum Technologies

   9.9. Stevens Water Monitoring Systems Inc.

   9.10. The Toro Company

10. Appendix

 

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A comprehensive market research approach was employed to gather and analyze data on the Soil Monitoring Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Soil Monitoring Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Soil Monitoring Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Soil Monitoring ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Soil Monitoring Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Soil Monitoring Market

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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