Steady market revenue growth can be attributed to rising focus on increasing agricultural productivity and crop yield. Rapid increase in the global population is exerting pressure on the agricultural sector worldwide to increase productivity in order to meet rising growing demand for food. Farmers are increasingly adopting smart harvest technologies to maximize profitability and output in a lesser time and in a more cost-effective manner.
Limited availability of arable land is a key factor driving demand for indoor farming activities and increasing usage of smart harvesting technologies to eliminate labor expenses. Moreover, rising cost of labor owing to shortage of skilled workforce is another key factor boosting utilization of harvesting robots and autonomous combine harvesters to eliminate excess labor cost and increase agricultural productivity.
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Some Key Highlights From the Report
- In November 2020, Deere & Company announced the acquisition of farm management software Company Harvest Profit. The software is expected to provide customers of Deere & Company with a forward-looking financial lens and better visibility into the profitability of their farms and insights to help them make more effective decisions.
- Indoor segment accounted for largest revenue share in 2020. Limited availability of arable land in developing countries is projected to boost growth of the indoor farming segment and increase utilization of smart harvest technologies and robots.
- North America accounted for largest revenue share contribution to the global smart harvest market in 2020. Presence of major players in the regional market such as Deere & Company, Harvest Automation, Inc., Abundant Robotics, Inc., and Energid Technologies is expected to support growth of the North America smart harvest market during the forecast period.
- Key players in the global market include Deere & Company, Robert Bosch GmbH, Panasonic Corporation, Energid Technologies, Smart Harvest Ltd, Harvest Automation, Inc., Dogtooth Technologies, AVL Motion B.V., Abundant Robotics, Inc., and Iron Ox, Inc.
The global Smart Harvest market is a segmented market. The market segments are generated based on product types offered in the market, their applications, end-user industries, different types of technologies, and key regions of the market.
- Site of Operation Outlook (Revenue, USD Billion; 2018–2028)
- Greenhouse
- On-Field
- Indoor
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Software
- Hardware
- Sensors
- Automation & control systems
- Harvesting robots
- Imaging systems
- Crop Type Outlook (Revenue, USD Billion; 2018–2028)
- Vegetables
- Fruit
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, AsiaPacific, and Middle East & Africa.In conclusion, the research report on the Smart Harvest market assesses growth prospects, opportunities, challenges, risks, threats, and trends to offer a comprehensive idea of the regional and global Smart Harvest market.
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Key Features of the Report:
- Comprehensive assessment of the COVID-19 impact on the growth of the Smart Harvest market
- Strategic recommendations to the key players and new entrants
- Value chain analysis and pricing analysis of the Smart Harvest market
- Country-wise and region wise assessment of the market growth and market size
- Growth forecast and revenue estimation of the Smart Harvest market
- Detailed assessment of key market drivers, restraints, growth prospects, and limitations
- 8-year forecast of the global Smart Harvest market
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Smart Harvest Market Segmentation & Impact Analysis
4.1. Smart Harvest Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing focus on raising agricultural productivity
4.2.2.2. Rapid penetration of smartphones and connected device in agriculture sector
4.2.2.3. Reduction in the agricultural workforce
4.2.2.4. Government initiatives regarding modernization of agricultural techniques
4.2.2.5. Advances in machine leaning and data science
4.2.2.6. Increasing adoption of drones and autonomous vehicles
4.2.3. Market restraints analysis
4.2.3.1. High initial investment required for automated harvesting robots
4.2.3.2. Lack of technical knowledge among farmers in developing countries
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
CONTINUED…!!
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