Smart Harvest Market To Grow With an Impressive CAGR During the Forecast Period
Advancement in agriculture sector is
driving the growth in Global Smart Harvest Market in the forecast period,
2022-2026.
According
to TechSci Research report, “Global Smart Harvest Market By Component (Hardware
{Automation & Control Systems, Sensors, Imaging Systems, Harvesting Robots}
v/s Software) By Site of Operation (On-Field, Greenhouse, Indoor) By Crop Type
(Fruits v/s Vegetables) By Region, Competition Forecast & Opportunities,
2026”,
the global smart harvest market may potentially project an impressive growth in
the forecast period, 2022-2026, with an impressive CAGR on the account of surging
demand for high yielding crops and growing demand for fruits & vegetables.
Moreover, the farmers are in need of smart and advanced technologies that can
help them save their crops from degradation as well as provide high yields, the
factor is actively driving growth of the global smart harvest market in the
upcoming five years. Government initiatives and financial support for the
farmers to own the smart tech for their agricultural farms is supporting the
growth of the global smart harvest market. Consistent research and
technological advancement also play vital role in the global smart harvest
market growth in the next five years. Availability of the automation and
control systems, sensors, cameras, etc. is replenishing the farmers to monitor,
process, and increase their agricultural yield thereby aiding the growth of the
market in the future five years of forecast.
Smart harvest includes various methods and
advanced, innovative technology for farming. These methods are incorporated
with the traditional farming methods to increase the yield and efficient
process for farming. Rapidly increasing population suffers from the lack of
good agricultural yield, to decrease that pressure smart farming procedures are
implemented. The combination of one or more than one technology in the farming
process to gain more efficiency and effectiveness as well as the combination of
hard work and smart work with the use of technology can be organically defined
as the smart farming processes.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Smart harvest Market"
The global smart harvest market segmentation is
based on component, site of operation, crop type, regional distribution, and
competition landscape. Based on site of operation, the market is further
fragmented into on-field, greenhouse, and indoor. Green house is anticipated to
hold the largest revenue shares of the market and dominate the market segment
in the next five years on the account of rapidly increasing practices of
greenhouse farming. The practice of sheltered farming such that crops being
grown in the area is to provide favorable growing conditions and to protect
crops from unfavorable weather and various pests. The maintenance of the
temperature and environment is done with the use of various agricultural
devices like hot air heating, water heating, extractor fans, air circulation
fans, etc. These factors are driving the growth of the global smart harvest
market in the upcoming five years.
Based on component the market is further divided
between hardware and software. Hardware sub segment is differentiated into
automation & control systems, sensors, imaging systems, and harvesting
robots. Hardware segment is anticipated to dominate the market segment and
generate highest revenue in the upcoming market on the account of surging
demand for the high tech devices that help the process of farming. There is a
steady shift of the farmers’ preferences for smart harvest hardware that is
driving the growth of the market. Automation and control systems are
implemented to monitor the supply of water and other nutrient in the regulation
for the maximum crop yield. Acoustic crop sensors are utilized for the fruit,
grain, and forage harvesting. They are also used in vertical indoor farming to
assess the harvesting tie for the crops. These technological advances have
aided farmers and can be affirmed for the support to rapidly growing global
smart harvest market in the next five years.
Holding the major shares of the global smart
harvest market are Robert Bosch GmbH, Deere & Company, Smart Harvest Ltd.,
Dogtooth Technologies Limited, Harvest Automation, Inc., Root AI, Inc., Iron
Ox, Inc., FFRobotics Ltd., Vision Robotics Corp., Harvest CROO, LLC, among
others. Market players are actively involved in the research and technological
development in the product developments. The advanced technology has made it
possible for the industry to provide excellent services through smart harvest.
Further advancement would aid the market value and brand establishment in the
future five years. New market players may focus on the research and development
to provide options that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
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“Europe region is anticipated to show
the most promising future prospects in the upcoming five years. The market
growth is attributed to rapid adoption of advanced harvesting technologies in
the larger economies of the region. Moreover, increasing population and their
requirement for higher yielding crops is driving the future growth of the
market. New market players may invest in the technological advancements and
work on their brand establishment,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based Global management consulting firm.
“Global Smart Harvest
Market By Component (Hardware {Automation & Control Systems, Sensors,
Imaging Systems, Harvesting Robots} v/s Software) By Site of Operation
(On-Field, Greenhouse, Indoor) By Crop Type (Fruits v/s Vegetables) By Region,
Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global smart harvest and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global smart harvest market.
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