Soil Monitoring Market to Witness Revolutionary Growth

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The soil monitoring market size is estimated to be worth USD 551 million in 2022 and is projected to reach USD 1,088 million by 2027, at a CAGR of 14.6%.

Soil monitoring is the practice of tracking the health and condition of soil over time. This can be done for a variety of reasons, including:

  • To assess the fertility of the soil and determine what nutrients it needs
  • To monitor soil moisture levels and ensure that crops are getting the water they need
  • To track changes in soil health over time and identify any potential problems
  • To comply with environmental regulations

The soil monitoring market size is estimated to be worth USD 551 million in 2022 and is projected to reach USD 1,088 million by 2027, at a CAGR of 14.6%. Efforts of governments and companies to promote sustainable agriculture practices, the pressing need to preserve soil quality, stringent government regulations pertaining to ecological stability, and the growing need for improving farm productivity to feed the rising population are some of the driving factors for the soil monitoring market.

Factors Driving the Soil Monitoring Market Growth

Progressive farmers in the US, Canada, the Netherlands, Israel, Denmark, and Australia have shown a keen interest in soil monitoring. This practice has gained widespread acceptance among farmers using irrigation, as it can optimize crop quality and maximize yields. Over-irrigation leads to shallow root patterns, causing essential nutrients to wash away and negatively impacting crop quality. As the global population continues to rise, potentially leading to food shortages, soil monitoring has become increasingly crucial. The farming community faces immense pressure to enhance agricultural output to address future food security concerns. By precisely monitoring inputs, technology helps improve crop yield per hectare, ensuring proper crop development. Effective irrigation and water management, facilitated by soil moisture sensors, contribute to higher yields and better crop quality. These sensors also make farming more profitable by conserving water and energy and significantly reducing costs.

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Government Support for Marginal Farmers to Access Advanced Soil Monitoring

Soil monitoring can help farmers economize on resources by reducing expenditures on water, fertilizers, pesticides, and other inputs. However, reliable soil monitoring sensors are costly, and growers often face a choice between high expense or compromised reliability. Significant capital investment is required to purchase these systems. While large commercial farmers can afford the high costs of soil monitoring sensors and devices to reap their benefits, small landholders struggle with the high upfront expenses. Government incentives, subsidies, or aid from donor communities can assist marginal farmers in adopting advanced soil monitoring technologies. Public sector investments in agricultural R&D have positioned the US agricultural industry as a leader in state-of-the-art technologies. The US Senate Appropriations Committee’s fiscal year 2020 agriculture appropriations bill allocated USD 23.1 billion in discretionary funding, with USD 3.172 billion specifically earmarked for agricultural research.

Ground-based monitoring systems were the most extensively used technology in the global soil monitoring market

Ground-based monitoring systems held the largest share of the soil monitoring market in 2021. The adoption of sensors and other soil monitoring devices has been increasing among progressive farmers worldwide due to the numerous benefits these sensors offer, such as enabling site-specific inputs for crops. Ground-based monitoring systems are expected to continue growing during the forecast period. The market for sensing and imagery systems is projected to grow at the highest rate between 2022 and 2027. Within this category, the satellite-based soil monitoring segment had the largest share in 2021 and is anticipated to experience significant growth during 2022–2027.

The European region held the second-largest soil monitoring market share in 2021 after the Americas and is expected to maintain its position during the forecast period. The use of digital farming techniques has become more prominent in Europe owing to advancements in the field of sensors, robotics and automation, and remote sensing technology. Soil monitoring helps farmers to utilize the technology to improve farm productivity; additionally, sensors are useful in saving water resources in other applications such as sports turf, residential irrigation, and landscaping and ground care. EU countries have signed a Declaration of Cooperation on a smart and sustainable digital agriculture future and take action to support the digitalization of agriculture. However, the APAC region is expected to witness fast growth during the forecast period owing to the high degree of agriculture technology adoption in Australia, New Zealand, and Japan, with emerging countries like India and China investing a huge amount in the digitalization of the agriculture sector.

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Top Industry Players in Soil Monitoring

  • Stevens Water Monitoring Systems (US)
  • SGS Group (Switzerland)
  • Meter Group (US)
  • Element Materials Technology (UK)
  • The Toro Company (US)
  • Campbell Scientific (US)
  • Sentek Technologies (Australia)
  • Spectrum Technologies (US)
  • Irrometer Company (US)
  • Cropx Technologies (Israel)
  • Acclima (US)
  • Aquacheck (US)

Soil Monitoring Industry News: Latest Updates and Developments

  • Stevens Water acquired Structure Monitoring (US) in January 2019, a provider of intelligent IoT solutions, to enhance Steven Water’s platform—Stevens-Connect.
  • In October 2021, SGS launched the GLP soil characterization service to help determine the chemical, physical, and biological properties that affect soil fertility.
  • SGS partnered with Mammoet (Netherlands) in November 2019, a global leader in lifting and transporting heavy objects, for sustainable soil stabilization in Nigeria.
  • In July 2020, METER Group launched 2 new data loggers—ZL6 Basic and ZL6 Pro—to its Zentra series of data loggers and will provide more options to customers to connect with their data.
  • Element Materials Technology Group Limited acquired FOSTA Group in July 2022, a leading geotechnical instrumentation and soil investigation specialist based in Singapore. This acquisition significantly strengthens Element’s services within the fast-growing infrastructure and environmental markets and complements its existing capabilities in Southeast Asia.
  • In January 2020, The Toro Company acquired Venture Products (US), a manufacturer of Ventrac products. This acquisition will support the company’s strategy to grow in the professional market with an expanded product line to cater to customers in landscape, turf, and snow and ice maintenance categories.

The soil monitoring industry is segmented by several key factors, allowing for a more granular view of this industry. Here’s a breakdown of the common segmentation types:

Offering

  • Hardware: This segment includes all the physical components used in soil monitoring systems, such as sensors (moisture, temperature, pH, etc.), weather stations, data loggers, and other field instruments.
  • Software: This segment covers the software applications used to collect, analyze, and visualize data collected by soil monitoring sensors. This software can provide farmers and land managers with insights into soil health and guide informed decisions about irrigation, fertilization, and other agricultural practices.
  • Services: This segment includes services such as system installation, maintenance, data analysis, and consulting. These services can be helpful for farmers and land managers who may not have the expertise or resources to manage their own soil monitoring systems.

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Type

  • Sensing & Imagery: This segment includes technologies that collect data about soil conditions remotely. This can include satellite imagery, aerial photography, and other forms of remote sensing.
  • Ground-based Sensing: This is the most common type of soil monitoring, and it involves using sensors that are placed directly in the soil. These sensors can measure a variety of soil parameters, such as moisture content, temperature, nutrient levels, and pH.
  • Robotics & Telematics: This is a growing segment of the soil monitoring market that uses robots and other autonomous vehicles to collect data about soil conditions. This technology can be used to collect data over large areas of land quickly and efficiently.

Application

  • Agriculture: This is the largest segment of the soil monitoring market, as farmers can use soil monitoring data to improve irrigation practices, optimize fertilizer use, and track crop health.
  • Non-Agriculture: Soil monitoring is also used in a variety of non-agricultural applications, such as environmental monitoring, construction site monitoring, and landfill management.
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