Global Automated Harvesting System Market, By Technology (Light Energy Harvesting, Vibration Energy Harvesting, Radio Frequency Energy Harvesting, and Thermal Energy Harvesting), Component (Energy Harvesting Transducers, Power Management Integrated Circuits (PMIC), and Storage System), and Application (Horticulture, Greenhouse, Crops and Others) – Industry Trends and Forecast to 2029.
Automated Harvesting System Market Analysis and Size
The rising demand for safe, power-efficient, and long-lasting systems that require little or no maintenance, as well as the increasing implementation of IoT devices in automation and energy harvesting systems for building and home automation, as well as the growing trend for green energy and favourable government initiatives, are some of the major factors driving global market growth.
Data Bridge Market Research analyses that the automated harvesting system market which was growing at a value of 1.8 billion in 2021 and is expected to reach the value of USD 3.12 billion by 2029, at a CAGR of 7.1% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Technology (Light Energy Harvesting, Vibration Energy Harvesting, Radio Frequency Energy Harvesting, and Thermal Energy Harvesting), Component (Energy Harvesting Transducers, Power Management Integrated Circuits (PMIC), and Storage System), and Application (Horticulture, Greenhouse, Crops and Others) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
ABB Ltd (Switzerland), Analog Devices, Inc. (U.S.), Texas Instruments Incorporated (U.S.), Cymbet Corporation (U.S.), EnOcean GmbH (Germany), STMicroelectronics N.V. (Switzerland), e-peas SA (Belgium), Advanced Linear Devices, Inc. (U.S.), Piezo.com (U.S.), Cypress Semiconductor Corporation (U.S.), Powercast Corporation (U.S.), Laird Thermal Systems, Inc. (U.S.), DCO Systems Ltd (U.K.), Honeywell International Inc. (U.S.), and Drayson Technologies Ltd. (U.K.) |
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Opportunities |
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Market Definition
Harvesting is a critical component of any agricultural practise because it affects the overall profitability of the process. Harvesting on time and using effective harvesting methods are becoming increasingly important, particularly in fruit and vegetable production. Smart Harvesting techniques optimise harvesting by utilising existing and real-time data as well as in-field hardware.
Global Automated Harvesting System Market Dynamics
Drivers
- The inadequacy of labours in agricultural practices
A labor shortage in agricultural practices is the primary factor driving farming communities to use efficient harvesting methods. High-value crops are becoming less economically viable due to rising labour costs and a decrease in the number of skilled workers. Farmers of such fruits are increasingly turning to crop sensing solutions to facilitate effective plucking without causing physical damage to the fruit.
- Implementation of smart harvesting technologies to meet food demand globally
Rapid population growth is putting pressure on the world's agricultural sector to increase productivity to meet rising food demand. Farmers are increasingly implementing smart harvest technologies such as harvesting robots, automation, control systems, sensors, and imaging systems to increase profitability and output in less time and at a lower cost. The scarcity of arable land is a major factor driving demand for indoor farming activities and the increased use of smart harvesting technologies to reduce labour costs.
Opportunity
Firms in the target industry focus on business growth through strategies such as advanced product launches, capacity expansion, and heavy production investments in their facilities, which are expected to flourish soon as the global automated harvesting system market grows. Furthermore, site-specific nutrient management with precision agriculture, increased demand for industrial crops, and investment in agricultural operations in developing countries provide profitable opportunities to market participants.
Restraints
The high initial cost of purchasing and integrating machines is expected to impede the growth of the precision harvesting market. The precision harvesting market is expected to face challenges in the forecast period due to farmers' lack of penetration and skills required to fully integrate precision harvesting and agriculture.
This automated harvesting system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automated harvesting system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Automated Harvesting System Market
Global trade was halted due to lockdowns imposed to control the spread of novel coronaviruses, the food and agriculture industries were severely impacted by freight challenges. Most food categories saw sales volume declines due to a lack of demand and supply chain disruptions. Although the agricultural industry's decline as a result of the pandemic has had a negative impact on the market, farming communities are becoming more aware of the emerging smart harvest market. As human interaction had to be limited during the lockdowns, new harvesting technologies that use machines have been developed. Growing awareness, reduced farmer workforce due to urbanisation, and rising global food demand will inevitably drive the market once the pandemic is over.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In May 2020, The Bosch Group increased its investment in The Yield Technology Solutions, an Australian Internet of Things AgTech company,. The new $11 million investment brings the Bosch Group's total investment to $13.3 million.
- In November 2020, Bosch and BASF Digital Farming signed a 50:50 joint venture (JV) agreement to market and sell smart farming solutions globally from a single source in the future. Bosch will contribute hardware, software, and digital services, while BASF will provide "an automated, real-time, field-specific agronomic decision-making engine for weed management" through its Xarvio Digital Farming Solutions.
Global Automated Harvesting System Market Scope
The automated harvesting system market is segmented on the basis of technology, components and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Light energy harvesting
- Vibration energy harvesting
- Frequency energy harvesting
- Thermal energy harvesting
- Radio frequency energy harvesting
Components
- Energy Harvesting Transducers
- Power Management Integrated Circuits (PMIC)
- Storage System
Application
- Horticulture
- Greenhouse
- Crops
- Others
Automated Harvesting System Market Regional Analysis/Insights
The automated harvesting system market is analysed and market size insights and trends are provided by country, technology, components and application as referenced above.
The countries covered in the automated harvesting system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the automated harvesting system market and will flourish its dominance during the forecast period of 2022 to 2029.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automated Harvesting System Market Share Analysis
The automated harvesting system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automated harvesting system market.
Some of the major players operating in the automated harvesting system market are:
- ABB Ltd (Switzerland)
- Analog Devices, Inc. (U.S.)
- Texas Instruments Incorporated (U.S.)
- Cymbet Corporation (U.S.)
- EnOcean GmbH (Germany)
- STMicroelectronics N.V. (Switzerland)
- e-peas SA (Belgium)
- Advanced Linear Devices, Inc. (U.S.)
- Piezo.com (U.S.)
- Cypress Semiconductor Corporation (U.S.)
- Powercast Corporation (U.S.)
- Laird Thermal Systems, Inc. (U.S.)
- DCO Systems Ltd (U.K.)
- Honeywell International Inc. (U.S.)
- Drayson Technologies Ltd. (U.K.)
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Metodología de investigación
La recopilación de datos y el análisis del año base se realizan utilizando módulos de recopilación de datos con muestras de gran tamaño. La etapa incluye la obtención de información de mercado o datos relacionados a través de varias fuentes y estrategias. Incluye el examen y la planificación de todos los datos adquiridos del pasado con antelación. Asimismo, abarca el examen de las inconsistencias de información observadas en diferentes fuentes de información. Los datos de mercado se analizan y estiman utilizando modelos estadísticos y coherentes de mercado. Además, el análisis de la participación de mercado y el análisis de tendencias clave son los principales factores de éxito en el informe de mercado. Para obtener más información, solicite una llamada de un analista o envíe su consulta.
La metodología de investigación clave utilizada por el equipo de investigación de DBMR es la triangulación de datos, que implica la extracción de datos, el análisis del impacto de las variables de datos en el mercado y la validación primaria (experto en la industria). Los modelos de datos incluyen cuadrícula de posicionamiento de proveedores, análisis de línea de tiempo de mercado, descripción general y guía del mercado, cuadrícula de posicionamiento de la empresa, análisis de patentes, análisis de precios, análisis de participación de mercado de la empresa, estándares de medición, análisis global versus regional y de participación de proveedores. Para obtener más información sobre la metodología de investigación, envíe una consulta para hablar con nuestros expertos de la industria.
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