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COVID-19 Impact on the Global Soil Monitoring Market

The impact of COVID-19 on the soil monitoring market is expected to last for short to medium period owing to the disruption in the supply chain resulting in the shortage of devices and equipment for the soil monitoring market. However the advancements in the sensing and imaery and remote monitoring has resulted in the better farm operation management and is likely to be less affected by the COVID-19 pandemic. The sensing and imagery and remote monitoring is likely to witness a significant demand in the post COVID-19 world.

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COVID-19 Impact on the Global Soil Monitoring Market

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  1. MarketsandMarkets Presents COVID-19 Impact on the Global Soil Monitoring Market Soil Monitoring Market with Covid-19 Impact Analysis by Offering (Hardware, Software, Services), System Type (Sensing & Imagery, Ground-based Sensing, Robotic & Telematics), Application (Agricultural, Non-agricultural), Region - Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/soil-moisture-sensor-market-140653896.html

  2. The soil monitoring market is estimated to be worth USD 370 million in 2020 and projected to reach USD 680 million by 2025, at a CAGR of 12.9%. Concerted efforts of governments and companies to promote sustainable agriculture practices, pressing need to preserve soil quality, stringent government regulations pertaining to ecological stability, and growing need for improving farm productivity to feed rising population are some of the driving factors for the soil monitoring market. he impact of COVID-19 on the soil monitoring market is expected to last for short to medium period owing to the disruption in the supply chain resulting in the shortage of devices and equipment for the soil monitoring market. However the advancements in the sensing and imaery and remote monitoring has resulted in the better farm operation management and is likely to be less affected by the COVID-19 pandemic. The sensing and imagery and remote monitoring is likely to witness a significant demand in the post COVID-19 world. Browse 144 market data Tables and 65 Figures spread through 234 Pages and in-depth TOC on "Soil Monitoring Market with Covid-19 Impact Analysis - Global Forecast to 2025"

  3. Ground-based monitoring systems were the most extensively used technology in the global soil monitoring market in 2019 Ground-based monitoring systems accounted for the largest share in the soil monitoring market in the year 2019. The high level of adoption of sensors and other soil monitoring devices has been on the rise among the progressive farmers across the globe. This is due to the several benefits provided by these sesors which enables th growers to provide site specific inputs to the crops. The ground-based monitoring systems is expected to get a further boost during the forecast period. The market for telematics and robotics is expected to grow at the highest rate during the period 2020-2025. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140653896 Hardware offerings to hold larger market share during forecast period The hardware offering are expected to hold the largest market share in the soil monitoring market during the forecast period. This is due to the increasing penetration of soil sensors, soil scanners, weather stations, and other devices for soil monitoring among the farmers. The resulting penetration could boost the soil monitoring market for hardware further to grow at a significant rate. The progressive farmers in various parts of the world has witnessed several benefits of soil monitoring which has increased the adoption of soil monitoring sensors and devices.

  4. Americas held the largest market for the soil monitoring in 2019  and is expected to dominate during the forecast period Americas held  the largest share in the soil monitoring market  in 2019 and could dominate the market during the forecast period. The presence of agri-tech companies such as The Toro Company, Campbell Scientific, Stevens  Water Monitoring Systems, etc. is the prominent reason for the large market share in the soil monitoring market. However the APAC region is expected to witness a high growth during the forecast period owing to the high degree of adoption of agriculture technology in the countries like Australia, New Zealand and Japan with emerging countries like India and China investing a huge amount in the digitization of agriculture sector. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=140653896 The major players in the soil monitoring market are Stevens Water Monitoring Systems (US), SGS Group (Switzerland), METER Group (US), Element Materials Technology (UK), and The Toro Company (US).

  5. COVID-19 Impact on the Global Soil Monitoring Market The impact of COVID-19 on the soil monitoring market is expected to last for short to medium period owing to the disruption in the supply chain resulting in the shortage of devices and equipment for the soil monitoring market. However the advancements in the sensing and imaery and remote monitoring has resulted in the better farm operation management and is likely to be less affected by the COVID-19 pandemic. The sensing and imagery and remote monitoring is likely to witness a significant demand in the post COVID-19 world. Several players  in the equipment side are expecting a sluggish growth for the first three quarter for FY 20-21 and could see some growth in the final quarter. Major OEMs in agriculture like John Deere, AGCO and CNH has reduced their sales guidance for the first half of FY 20-21 by 10%-20% owing to disruptions in the supply chain. However, demand for connected agriculture and telematics have shown promising growth even during pandemic period. COVID-19 pandemic can further accelerate the installation of IoT based devices for agricultural as well as non-agricultural application. The number of connected agricultural devices is expected to wtiness a promising growth in medium to long term.  The soil monitoring market is expected to recover from last quarter of 2020 ownwards, where demand for sensing and imagery could see a significant growth.

  6. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  7. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/soil-moisture-sensor.asp

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