Global Soil Monitoring Devices Market - 2021-2028
The Global Soil Monitoring Devices Market is expected to grow at a CAGR of 15% during the forecasting period (2021-2028).
Soil monitoring systems is a combination of devices that can perform various functions such as soil sensing, read/store data and transmit data through transmitter to computers. This data helps in analyzing the soil data thereby decision making. Measuring soil parameters prior to plantations through monitoring systems is expected to decrease water usage, energy costs, and increased yield.
Shifting agricultural practices towards smart irrigation techniques for making informed decisions through the data acquired from sensors and probes is the major factor driving the global soil monitoring systems market. Changing environmental scenario and water scarcity across the globe led to increased demand for sophisticated soil monitoring systems that predict the optimal water and nutrient availability for plantations through identification of nutrition content & moisture parameters of soil. Decreased water consumption and increased productivity through usage of soil monitoring systems are additionally contributing to the growth of global soil monitoring systems market.
Potential benefits associated with soil monitoring systems includes increased ability to manage growth rates, quality, efficiency and reduced disease occurrence, monitoring time/costs & irrigation management costs. Currently, these soil monitoring systems are widely used in agricultural practices, golf courses, urban farming communities, research laboratories and others.
Waviot, innovator in low power wide-area technologies states that smart irrigation can reduce water usage from 40% to 70% by real-time monitoring of IOT soil moisture sensors. Additionally, high presence of urban gardens and changing urban environmental and water resources expected to boost market for soil monitoring systems globally during the forecast period.
However high cost of systems and lack of awareness among the communities in developing nations regarding soil monitoring systems are hindering the growth of global soil monitoring market.
COVID-19 Impact Analysis
The COVID-19 pandemic has disrupted the global economy and halted the key processes of almost all companies. Therefore, even the global soil monitoring devices market suffered due to it. The disturbances in supply chain management and transportation of goods and services had a negative impact on the growth of the market. Many manufacturing units were disrupted due to the government enforced lockdowns and curfews across the world which led to losses and wastage of many soil monitoring machines and devices. The pandemic also significantly changed the consumer demand and behaviour. Consumers refrained from purchasing non-essential products amid the pandemic. The uncertain and unexpected situation caused by the pandemic significantly impacted the market hence, slowing its growth. However, the post-pandemic scene has improved and the soil monitoring devices market has recovered. The market is set to grow at a high rate.
Global soil monitoring devices market is segmented on the basis of product type into Software and Hardware
Hardware segment is the dominant segment of the global soil monitoring devices market. Hardware equipment used in soil monitoring include sensors, probes, displaying equipment, data loggers and others. Various sensors used in predicting the soil nature includes PH sensor, temperature and humidity sensors. These sensors are connected to a transmitter & data logger and it transfers received data to displaying units for further decision making. Hardware dominates the global soil monitoring systems market in product type segment owing to its extensive usage in predicting soil properties such as humidity, moisture, temperature in both wireless and manual soil monitoring systems.
However, the Software segment is also projected to grow during the forecasted period due to the increasing internet connectivity, cheap data prices and new and innovative technological breakthroughs.
By region, the global soil monitoring systems market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and America
North America dominates the global soil monitoring systems market owing to high presence of large-scale farming and growing adoption of smart farming technologies. Growing adoption of smart irrigation technologies for the minimal utilization of water resources for the plantations are additionally contributing to the growth of United States soil monitoring systems market. Shifting interests of farmers towards sustainable agricultural practices and high presence of consumer buying power towards technologically innovative products are factors additionally driving the United States soil monitoring systems market. Growing funding by the government organization in establishments of national monitors for improved soil moisture and precipitation monitoring is expected to further boost the market for soil monitoring systems in the United States. New technologies have helped to improve soil moisture and precipitation monitoring, thereby improving accuracy of drought monitor.
This market is predicted to witness significant technological advancements such as new product launches in sensors & data loggers, and products based on cloud data management. Some of the key players in the global soil monitoring devices market includes The Toro Company, Sentek Technologies, Spectrum Technologies, Inc., and Stevens Water Monitoring Systems Inc.
The major players are using product launches, market expansion, and product diversification strategies for holding their position in the market. The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for soil monitoring devices across the globe. In July 2018, Aquamonix announced the acquisition of Elpro technologies. This acquisition will help the company to expand its global reach and strengthen its global position.
Strategic collaboration and partnerships between the IOT solution providers and connectivity players for the development of innovative products in sensors and data loggers are being adopted by the prominent players in the global soil monitoring devices market. For example, in June 2019, Kerlink a global leader in IOT solutions partnered with Sensoterra for the development of new class of soil moisture sensors, targeting to reduce water consumption by 30%.
Overview: Sentek Technologies is a multinational company which provides soil data about water content, temperature and salinity for agriculture, research, mining and environmental management organisations.
Product Portfolio: The products and services include monitoring soil moisture, salinity & temperature, soil data transmission and reports.
Key Developments: In 2019, Sentek released the innovative Bluetooth enabled Drill & Drop probe to the market. This product offers data collection and transfer via smart phone.
Why Purchase the Report?
• Visualize the composition of the global soil monitoring systems market in terms of various product types, application and end users highlighting the key commercial assets and players.
• Identify commercial opportunities in global soil monitoring devices market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of global soil monitoring devices market - level 4/5 segmentation.
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