Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the smart
harvest market provides an in-depth analysis of segments and sub-segments in the
global as well as regional smart harvest market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
smart harvest market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
smart harvest market. According to the report, the global smart harvest market
is projected to grow at a CAGR of 11.5% over the forecast period of 2019-2025.
Smart harvesting comprises adoption of artificial intelligence
(AI), cloud machine learning, GPS, and advanced analytics in farming. Smart
harvesting technologies are estimated to gain exponential growth in the near
future due to technological advancement in the agriculture sector. The key
factor such as the growing emergence of new technologies in farming for
increased profitability along with global labour shortage drives the growth of
the global smart harvest market. The shortages of labour leading to loss of
yield. Moreover, smart harvest systems help farmers to obtain more revenue from
the agribusiness. It is estimated that the business-oriented cultivator has
been implementing various smart harvest technologies to surge its harvest
output. Moreover, the initiative taken by the government to support smart
harvest systems is trigged market growth. Besides this, rapid growth in
population has led to the demand for food across the globe, which in turn,
increased the demand of the market. However, high capital investment requires smart harvesting technologies is one of the factors affects market
growth. Furthermore, improvement in smart harvesting technologies offers
significant growth opportunities for the market in the coming few years.
According to the University of Cambridge, researchers have developed and tested
a machine-learning driven robot to identify and harvest iceberg lettuce.
Geographically, Europe is expected to hold maximum share in the
global smart harvest market. The growth of this region is attributed due to the high adoption of new technologies. On the other hand, North America and Europe
have a large number of manufacturers in the smart harvest industry. Asia-
Pacific is expected to be the fastest-growing region in the smart harvest market
over the forecast period. The presence of a robust agriculture sector in this
region along with growing awareness regarding smart harvesting technologies is
likely to contribute to the market growth in the Asia-Pacific region.
The report on the global smart harvest market covers segments such as
site of operation, component, and crop type. On the basis of site of operation,
the sub-markets include indoor, greenhouse, and on-field. On the basis of
component, the sub-markets include sensors, imaging systems, harvesting robots,
automation & control systems, and software. On the basis of crop type, the
sub-markets include vegetables, and fruits.
The report provides profiles of the companies in the market such
as Vision Robotics Corporation, FFrobotics, Energid Technologies, Iron Ox,
Inc., Abundant Robotics, Inc., Panasonic Corporation, Harvest Automation, Inc.,
Dogtooth Technologies, Smart Harvest Ltd, John Deere, Robert Bosch GmbH, and
Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the smart harvest market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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