COVID-19 Impact on the Global Soil Monitoring Market - PowerPoint PPT Presentation

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COVID-19 Impact on the Global Soil Monitoring Market

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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. – PowerPoint PPT presentation

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Title: COVID-19 Impact on the Global Soil Monitoring Market


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.mark
etsandmarkets.com/Market-Reports/soil-moisture-sen
sor-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/pdfdow
nloadNew.asp?id140653896 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/requestsa
mpleNew.asp?id140653896 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
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7
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