According to a market report by Lucintel, the future of the global soil monitoring market looks promising with opportunities in the agricultural and non-agricultural markets. The global soil monitoring market is expected to reach an estimated $1.6 billion by 2030 with a CAGR of 13.6% from 2024 to 2030. The major drivers for this market are increasing demand for more agricultural output to support a population that is expanding quickly, rising acceptance of fertility control and precision agriculture, as well as, quick technical progress in the field of agriculture.
In this market,
hardware, software, services, ground-based sensing, and robotic &
telematics are the major segments of soil monitoring market by offering.
Lucintel forecast that
hardware will remain the largest segment over the forecast period due to strong
adoption rates among farms for weather stations, soil sensors, soil scanners,
and many other devices, along with the progressive farmers have greatly
profited from the use of these gadgets in a number of ways, including increased
agricultural output and effective management.
Within this market,
agricultural will remain the largest segment due to progressively implementing
cutting-edge soil monitoring tools to improve crop quality and reduce overuse
of water.
North America will
remain the largest region over the forecast period because in nations like the
US and Canada, where there are prominent market players, there is a growing
awareness of the accessibility of innovative monitoring systems and increasing
acceptance of the sensing and imagery system of agricultural productivity.
SGS, Meter, Element
Materials, The Toro Company, Campbell Scientific, Sentek Technologies, and
Spectrum Technologies are the major suppliers in the soil monitoring market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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