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Global Smart Harvest for Indoor Farming Market - Industry Trends and Forecast to 2030

Agriculture And Animal Feed | Upcoming Report | Oct 2023 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Smart Harvest for Indoor Farming Market, By Component (Harvesting robots, GPS, Sensors, RFID, Others), Technology (Hardware, Software), Crop type (Vegetables, Fruits) - Industry Trends and Forecast to 2030.

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Smart Harvest for Indoor Farming Market Analysis and Size

Increasing demand of cost efficiency benefits offered by smart harvest systems, improving profitability in farming through the adoption of advanced technologies, increasing number of farm labour issues due to higher costs and availability, several government initiatives are likely to propel the acceptance of smart harvest systems in the emerging nations across the world, integration of big data and AI in the farming sector are some of the major as well as vital factors which will likely to augment the growth of the global smart harvest for indoor farming market. Increasing need of high capital investment in the deployment of smart harvest technologies along with limited technical knowledge possessed by farmers which will likely to act as market restraints factor for the growth of the global smart harvest for indoor farming market.

Data Bridge Market Research analyses that the global smart harvest for indoor farming market  which was USD 13.99 billion in 2022, would rocket up to USD  33.42 billion by 2030, and is expected to undergo a CAGR of 11.50% during the forecast period of 2023 to 2030.  “Software” dominates the technology segment of the global smart harvest for indoor farming market  due to It is optimizes crop yield and quality by precisely controlling environmental factors like light, temperature, and humidity. It enables real-time monitoring and data-driven decision-making, reducing resource waste and ensuring efficient, year-round production. 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.

Smart Harvest for Indoor Farming Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Component (Harvesting robots, GPS, Sensors, RFID, Others), Technology (Hardware, Software), Crop type (Vegetables, Fruits)

Countries Covered

U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa

Market Players Covered

Deere & Company (U.S.) Robert Bosch GmbH (Germany), Panasonic Corporation (Japan), Energid Technologies Corporation (U.S.), Smart Harvest Agritech Ltd. (Kenya), Harvest Automation (U.S.), AVL Motion (Austria), Abundant Robotics (U.S.), Iron Ox (U.S.) FFRobotics (Germany),  METOMOTION (Israel), Agrobot (Spain), HARVEST CROO (U.S.), Root AI (U.S.),  eXabit Systems Pvt Ltd (India), OCTINION (Belgium), KMS Projects Ltd. (Greece), AeroFarms (U.S.), Agrilution (Germany), and Plenty Unlimited Inc. (U.S.)

Market Opportunities

  • Continued advancements in sensors, robotics, and AI
  • Tailored solutions can be developed to suit various crop types and facility sizes
  • Smart indoor farming can contribute to food security

Market Definition

Smart harvest for indoor farming refers to the utilization of advanced technologies and automated systems to optimize the process of harvesting crops within controlled indoor environments, such as vertical farms, greenhouses, or hydroponic facilities. This approach integrates sensors, robotics, artificial intelligence, and data analytics to monitor plant growth, assess crop readiness, and precisely harvest crops at their peak ripeness. Smart harvest systems enhance efficiency, reduce labor requirements, minimize crop damage, and increase overall yield. They enable year-round cultivation of a variety of crops while minimizing resource usage, making indoor farming a sustainable and reliable method of food production. Smart harvest technology plays a pivotal role in advancing the future of agriculture by ensuring consistent, high-quality harvests in a controlled, technology-driven environment.

Global Smart Harvest for Indoor Farming Market Dynamics

Drivers

  • Growing Demand for Year-Round Crop Production

This concept refers to the ability to cultivate crops continuously throughout the year, regardless of seasonal variations and climatic conditions. Year-round crop production ensures a consistent and uninterrupted supply of fresh produce to meet consumer demand. It eliminates seasonal fluctuations in availability, reducing reliance on external sources during off-seasons. Traditional outdoor farming is often limited by seasonal factors such as extreme weather, frost, or drought. Smart indoor farming allows growers to bypass these constraints, ensuring a steady production stream.

Year-round crop production is a significant driver because it addresses multiple challenges associated with traditional outdoor farming, such as seasonality, climate constraints, and resource inefficiencies. Smart harvest technology plays a pivotal role in achieving year-round production by optimizing growing conditions and ensuring crop quality and consistency, making it a valuable solution for meeting the evolving demands of the agriculture and food industries.

  • Automated Harvesting Increases Efficiency and Ensures Productivity

These drivers reflect the capability of smart harvest systems to enhance the overall efficiency and productivity of indoor crop cultivation. Smart harvest systems significantly reduce the reliance on manual labor for tasks such as planting, monitoring, and harvesting. Automation and robotics streamline operations, minimizing the need for human intervention and labor costs. Smart harvest systems employ precise techniques for identifying ripe crops and selectively harvesting them. This reduces waste and ensures that only ready-to-consume produce is collected, enhancing overall productivity.

Efficiency and productivity are fundamental drivers in the adoption of smart harvest technology for indoor farming. These systems not only reduce labor costs and address labor shortages but also enable precision, consistency, and year-round production. The result is enhanced agricultural productivity and sustainability, meeting the growing demand for fresh and locally sourced produce.

Opportunities

  • Continued Advancements in Sensors, Robotics, and AI

These opportunities arise from the continuous evolution and innovation of technologies that enhance the efficiency and capabilities of smart harvest systems. Advancements in sensor technology, including cameras, spectral imaging, and multispectral sensors, allow for more accurate and detailed monitoring of crops. This enables better detection of ripeness, disease, or stress conditions in plants. Enhanced data analytics and artificial intelligence (AI) algorithms can process vast amounts of data generated by smart harvest systems. These technologies offer insights into crop health, growth patterns, and harvest timing, leading to better decision-making and optimized yields.

These technological advancements present opportunities for growers to enhance the efficiency, precision, and overall performance of their indoor farming operations. They enable growers to stay competitive, reduce operational costs, and meet the increasing demand for high-quality, locally sourced produce. Furthermore, as technology continues to evolve, the potential for even more advanced and efficient smart harvest systems becomes increasingly promising.

Restraints/Challenges

  • Integrating Multiple Technologies and Maintaining them can be Complex

This complexity refers to the intricate nature of implementing and managing advanced smart harvest systems. Smart harvest systems often consist of multiple interconnected components, including sensors, robotics, automation software, and data analytics platforms. Integrating these components seamlessly can be complex and require specialized technical expertise. Each indoor farming environment may have unique requirements based on crop types, facility layouts, and local conditions. Customizing smart harvest solutions to suit specific needs can add complexity to implementation.

This global smart harvest for indoor farming market   report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 global smart harvest for indoor farming market  contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In July 2023, Deere & Company has acquired Smart Apply, Inc., a precision spraying equipment company based in Indianapolis, IN. The company developed the Smart Apply Intelligent Spray Control System, an upgrade kit that can improve the precision and performance of virtually any air-blast sprayer used in orchard, vineyard or tree nursery spraying applications. Smart Apply helps growers reduce chemical use, airborne drift and run off, while optimizing high-value crop yields and meeting sustainability objectives
  • In April 2023, Bosch BASF Smart Farming, the joint venture between Bosch and BASF Digital Farming to globally market and sell smart farming technology, announced today its new brand name: ONE SMART SPRAY. The distinctive new brand name also applies to its product, previously known as the Smart Spraying Solution. With the name change a new logo, visual identity, and messaging will be introduced in all markets globally

Global Smart Harvest for Indoor Farming Market Scope

The global smart harvest for indoor farming market is segmented on the basis of component, technology, and crop type. The growth amongst these segments will help you analyze 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.

Component

Technology

  • Hardware
  • Software

Crop type

  • Vegetables
  • Fruits

Global Smart harvest for indoor farming Market Regional Analysis/Insights

The global smart harvest for indoor farming market  is analysed and market size insights and trends are provided by component, technology, and crop type are referenced above.

The countries covered in the global smart harvest for indoor farming market  report are U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa.

Europe dominates the global smart harvest for indoor farming market due to the prevalence of various manufacturers in the region while Asia-Pacific region will expect to grow in the forecast period due to the rising dependency on technology along with increasing growth of the agriculture sector in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Smart Harvest for Indoor Farming Market Share Analysis

The global smart harvest for indoor farming market competitive landscape provides details by competitors. 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 the global smart harvest for indoor farming market.

Some of the major players operating in the global smart harvest for indoor farming market are:

  • Deere & Company (U.S.)
  • Robert Bosch GmbH (Germany)
  • Panasonic Corporation (Japan)
  • Energid Technologies Corporation (U.S.)
  • Smart Harvest Agritech Ltd. (Kenya)
  • Harvest Automation (U.S.)
  • AVL Motion (Austria)
  • Abundant Robotics (U.S.)
  • Iron Ox (U.S.)
  • FFRobotics (Germany)
  • METOMOTION (Israel)
  • Agrobot (Spain)
  • HARVEST CROO (U.S.)
  • Root AI (U.S.)
  • eXabit Systems Pvt Ltd (India)
  • OCTINION (Belgium)
  • KMS Projects Ltd. (Greece)
  • AeroFarms (U.S.)
  • Agrilution (Germany)
  • Plenty Unlimited Inc. (U.S.)


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