Press release
Soil Monitoring Market Landscape 2025: Forecast Data and Growth Strategy Insights
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What Is the Expected CAGR for the Soil Monitoring Market Through 2025?_x000D_
The market size for soil monitoring has seen quick expansion in the last few years. There's expected growth from $0.59 billion in 2024 to $0.67 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.0%. This growth during the historic period is largely due to increasing measures to conserve soil quality, elevated demand for farming productivity, improved farm output, rising cognizance about climate change and environmental harm, and the introduction of precision agriculture._x000D_
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What's the Projected Size of the Global Soil Monitoring Market by 2029?_x000D_
Expectations predict significant acceleration in the growth of the soil monitoring market over the forthcoming years. By 2029, the market value is projected to reach $1.11 billion with a Compound Annual Growth Rate (CAGR) of 13.6%. The prominent factors contributing to this surge include the expansion of hardware-oriented capabilities, the proliferation of soil sensors, a heightened demand for farming techniques, population growth, and a rise in agricultural output. Key trends to look out for during the forecast period are the introduction of IoT-linked farming solutions, the assimilation of advanced global soil monitoring methods, the emergence of innovative fluid management systems, the development of digital agriculture technologies, and the embrace of soil robotics._x000D_
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Top Growth Drivers in the Soil Monitoring Industry: What's Accelerating the Market?_x000D_
Anticipations of expansion in the agriculture sector are likely to drive the progress of the soil monitoring market. The agricultural sector encompasses the aspects of the economy engaged in growing, processing, and disseminating crops, livestock, and other agricultural commodities. A flourishing agricultural sector can be credited to changes in dietary habits, heightened consciousness of environmental issues, and an upsurge of investment in agricultural research, advancement, and infrastructure. By offering real-time data on soil conditions, soil monitoring promotes agricultural output by enabling accurate irrigation, fertilisation, and crop health administration. For example, reports from the Department for Environment Food & Rural Affairs, a UK government agency, indicated that the typical farm business income (FBI) across all UK farms had a substantial surge from $50,461 (£46,500) in 2020/21 to $78,133(£72,000) in 2021/22 as of February 2024. Moreover, the total UK income from farming (TIFF) in 2022 was $6.61 billion(£7.9 billion), marking a 17% increment from 2021's $1.43 billion(£1.1 billion). Therefore, the agricultural sector's expansion serves as a catalyst for the soil monitoring market._x000D_
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What Trends Will Shape the Soil Monitoring Market Through 2029 and Beyond?_x000D_
Leading corporations involved in the soil inspection market are concentrated on producing creative solutions like wireless soil sensor devices for tracking soil moisture and temperature. Wireless soil sensor probes are gadgets that monitor various soil conditions like moisture levels, temperature and salinity in real-time, sending the data seamlessly for usage in precision farming. For example, in April 2024, a technology company based in the US known as GroGuru Inc, which specialises in monitoring and managing water, introduced a completely integrated wireless soil sensor probe designed to continuously monitor the root zone of annual field crops. The GroGuru Inc's newly introduced wireless sensor probe consists of unique features, such as continuous root zone monitoring for annual field crops, allowing real-time data gathering on soil's moisture, temperature, and salt content. It functions wirelessly and has been created for straightforward installation without the need for any costly or long-term battery changes, providing sustained, low upkeep usage. This innovative creation is fundamental for precision irrigation, aiding farmers in maximizing water efficiency and enhancing crop output by offering essential real-time insights directly from the field._x000D_
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What Are the Main Segments in the Soil Monitoring Market?_x000D_
The soil monitoringmarket covered in this report is segmented -_x000D_
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1) By Offering: Hardware, Software, Services_x000D_
2) By System: Sensing And Imagery, Ground-Based Monitoring System, Other System Types_x000D_
3) By Sector: Agriculture, Non-Agriculture_x000D_
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Subsegments:_x000D_
1) Hardware: Soil Sensors, Data Loggers, Remote Sensing Equipment_x000D_
2) Software: Soil Analysis Software, Data Management Software, Decision Support Systems_x000D_
3) Services: Soil Testing Services, Consultation Services, Installation and Maintenance Services_x000D_
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Which Top Companies are Driving Growth in the Soil Monitoring Market?_x000D_
Major companies operating in the soil monitoring market are Element Materials Technology Group Limited, SGS Group, Hoskin Scientific Ltd., HydroPoint Data Systems Inc., Campbell Scientific Inc., Onset Computer Corporation, METER Group Inc., Royal Eijkelkamp, CropX Technologies Ltd., ICT International Pty Ltd., Advanced Geosciences Inc., Pessl Instruments GmbH, Imko Micromodultechnik GmbH, Dynamax Inc., Soil Scout Ltd., GroPoint, Delta T Devices Ltd., AquaCheck, Caipos GmbH, Soilmoisture Equipment Corp., AquaSpy Inc., Irrometer Company Inc._x000D_
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Which Regions Will Dominate the Soil Monitoring Market Through 2029?_x000D_
North America was the largest region in the soil monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the soil monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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