Global Smart Harvest Market: Overview
Smart harvest is the use of different smart devices in the agricultural sector, which expands the production capacity, which results in a decrease in the overall loss. Smart harvest is an autonomous harvesting robot that harvests vegetables and fruits with little or almost no human involvement. The need for smart harvest methods was due to labor shortages and augmented production demand. The smart harvest mainly involves the execution of artificial intelligence, cloud machine learning, GPS, advanced analytics, and satellite imagery in the agricultural sector.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Smart Harvest Market: Growth Factors
Growing profitability in the farming sector through the execution of developed technologies is likely to propel the smart harvest market on a global scale. In addition, the increasing labor shortages in the agricultural sector due to their higher prices and accessibility are also estimated to positively impact the smart harvest market globally. Furthermore, several government initiatives are likely to propel the acceptance of smart harvest systems in the emerging nations across the world, which is anticipated to propel the smart harvest market. Developing integration of big data and AI in the farming sector will further fuel the global market for smart harvest in the years ahead.
Global Smart Harvest Market: Segmentation
The smart harvest market is fragmented based on crop type, site of operation, and component. By site of operation, the market is divided into greenhouse, on-field, and indoor. On the basis of component, the smart harvest market includes hardware (automation and control systems, harvesting robots, sensors, and imaging systems) and software. The software segment is anticipated to witness the maximum CAGR in the upcoming years. All the hardware components are systematically implemented to match their movements while harvesting the fruits/vegetables along with identifying the ones to harvest. In the future, the integration of AI in smart harvest systems will let machines make their own decisions, based on appropriate parameters.
The crop type segment of the smart harvest market is classified into vegetables and fruits. Manufacturers are likely to test and develop a variety of harvesting technologies for commercial deployment in the upcoming years. The new generation of smart harvest technologies is anticipated to harvest various kinds of fruits, such as strawberries, apples, and citrus fruits (oranges and lemons). The use of smart harvest systems is likely to expand the possibilities and scope of integrating the production monitoring sensors and ripening controllers for harvesting a wide range of fruits.
Global Smart Harvest Market: Regional Analysis
The European smart harvest market is projected to hold the largest share globally in the future. North America will mostly witness the major concentration of producers in the smart harvest sector, with a majority of the key industry players that are likely to maintain their operations in this region. The Asia Pacific smart harvest market is anticipated to grow at a rapid rate in the years ahead, owing to the strong agriculture sector of the region and its growing dependency on latest technologies.
Global Smart Harvest Market: Competitive Players
Some main participants of the smart harvest market are Robert Bosch, Deere & Company, Smart Harvest, Dogtooth Technologies, Harvest Automation, Abundant Robotics, Panasonic Corporation, Root AI, Agrobot, Iron Ox, FFRobotics, Metomotion, Vision Robotics, Energid Technologies, Harvest, and AVL Motion, among others.
Global Smart Harvest Market: Regional Segment Analysis
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