Press release
Soil Monitoring Market Forecasts Bright Future for Precision Agriculture by 2027
Allied Market Research, titled, "Soil Monitoring System Market by Component, Connectivity, and Application: Opportunity Analysis and Industry Forecast, 2020-2027," the global soil monitoring system industry size was valued at $529.2 million in 2019, and is projected to reach $853.4 million by 2027, growing at a CAGR of 6.7% from 2020 to 2027.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐: https://www.alliedmarketresearch.com/request-sample/A08725
The soil monitoring system consists of sensors such as temperature sensors, light sensors, and soil moisture sensors. It is used to measure the important parameters of soil such as moisture, temperature, and light using sensors, which are suitable for various types of soil. These soil sensors can be used at multilayers and multi-points of the soil. Measurement of soil moisture has become important, particularly in the agriculture industry. Soil moisture sensor is a vital component of soil monitoring, which measures the volumetric water content in the soil. Soil monitoring is popularly being used in various applications such as agriculture, research studies, weather forecasting, and others.
Growing demand to improve farm productivity to feed the extensively rising population and the rise in popularity of precision agriculture and fertility management services are the major factors that drive the growth of the soil monitoring system market. In addition to this, the availability of technologically advanced soil monitoring systems at affordable prices fuels the market growth. Also, the surge in government investments in agriculture R&D fuels the market. However, a lack of technical skills and awareness related to soil monitoring may hinder the market growth to some extent. On the contrary, the rise in the adoption of soil monitoring in emerging countries is anticipated to provide lucrative opportunities for market growth. In addition, the emergence of advanced technologies such as data analytics and IoT in soil monitoring is expected to be opportunistic for the growth of the soil monitoring system market during the forecast period.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A08725
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The Soil Monitoring System industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ข๐ฅ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐,
CropX Inc.
METER Group, Inc.,
Stevens Water Monitoring Systems, Inc.
SGS SA
Element Materials Technology
Campbell Scientific, Inc.
Spectrum Technologies, Inc.
The Toro Company
Earth Observing System
Manx Technology Group
The COVID-19 outbreak has currently restrained the R&D activities in the electronics & semiconductor industry and has led to the shutdown of several manufacturing facilities globally. The shortage or unavailability of raw materials and components due to supply chain disruption has hindered the production capacity of sensor manufacturers. Further, the decline in purchase capability among consumers due to an uncertain economy will hinder market growth. However, the negative impact of COVID-19 on the soil monitoring system market is expected to be there for a short period, and by early 2021 the market is anticipated to observe a robust recovery rate along with the extensive demand for the installation of IoT devices across the agricultural farms around the globe to enable optimal usage of resources with reduced requirements of the labor in the fields.
Region-wise, the soil monitoring system market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue generator in 2019, accounting for $137.1 million, and is estimated to garner $239.8 million by 2027, growing at a CAGR of 7.8%.
The global soil monitoring system market is segmented based on component, connectivity, application, and region. Based on components, the market is classified into hardware, software, and service. By connectivity, the market is bifurcated into wired and wireless. Based on application, it is divided into agriculture, archaeology, research, and construction & mining. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A08725
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
- By component, the hardware segment held the highest revenue of $356.3 million in 2019 and contributed a major part to the soil monitoring system market share.
- By connectivity, the wired segment held the highest revenue of $309.3 million in 2019.
- By application, the agriculture segment held the highest revenue share of the market in 2019, generating $249.1 million as per the soil monitoring system market analysis.
- By region, Asia-Pacific is expected to dominate the market, garnering a major share during the forecast period.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/soil-monitoring-system-market-A08725
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