The global smart harvest market was valued at $12,450.9 million in 2020, and is projected to reach $36,977.1 million by 2030, growing at a CAGR of 11.4% from 2020 to 2030.
Smart harvesting is considered an essential part of any farming practice as it affects overall profitability of the process. Timely harvesting and use of effective harvesting methods are becoming increasingly important, especially in fruit and vegetable production. Intelligent harvesting techniques optimize harvesting using existing and real-time data and hardware equipment in the field.
Rise in population has led to increase in food demand, which, in turn, has put greater pressure on farmers to increase yield and harvest for various crops. In addition, developing countries are engaged in large-scale agriculture, which significantly increases demand for automation and smart harvesting technologies. Smart farming includes adoption of artificial intelligence (AI), GPS, cloud machine learning, satellite imagery, advanced analytics, harvesting robots, and soil sensors.
The COVID-19 pandemic forced many companies in the global smart harvest market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global smart harvest market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw material and manpower during the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months has affected the global smart harvest market and the market is anticipated to witness a slow recovery during the forecast period.
However, lack of technical knowledge among farmers and a high-cost factor can hinder the growth of the market.
The smart harvest market is segmented on the basis of component, technology, crop type, and region. By component, it is bifurcated into software and hardware. Software segment dominated the market in 2020.Based on technology, it is divided into harvesting robots, sensors, GPS, RFID, and others. The harvesting robots segment held the largest market share of 38.4% in 2020. On the basis of crop component, it is segmented into vegetables and fruits. Fruits segment dominated the market in 2020.
On the basis of region, the smart harvest market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the market in 2020, followed by North America. Asia-Pacific region is predicted to grow faster than LAMEA with a CAGR of 14.3% during the forecast period.
Key companies operating in the smart harvest market are Abundant Robotics, Agrobot, Dogtooth Technologies Limited, Deere & Company, Harvest Automation, Iron OX, Panasonic Corporation, Robert Bosch GmbH, App Harvest, and Smart Harvest Ltd.
Smart harvesting is considered an essential part of any farming practice as it affects overall profitability of the process. Timely harvesting and use of effective harvesting methods are becoming increasingly important, especially in fruit and vegetable production. Intelligent harvesting techniques optimize harvesting using existing and real-time data and hardware equipment in the field.
Rise in population has led to increase in food demand, which, in turn, has put greater pressure on farmers to increase yield and harvest for various crops. In addition, developing countries are engaged in large-scale agriculture, which significantly increases demand for automation and smart harvesting technologies. Smart farming includes adoption of artificial intelligence (AI), GPS, cloud machine learning, satellite imagery, advanced analytics, harvesting robots, and soil sensors.
The COVID-19 pandemic forced many companies in the global smart harvest market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global smart harvest market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw material and manpower during the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months has affected the global smart harvest market and the market is anticipated to witness a slow recovery during the forecast period.
However, lack of technical knowledge among farmers and a high-cost factor can hinder the growth of the market.
The smart harvest market is segmented on the basis of component, technology, crop type, and region. By component, it is bifurcated into software and hardware. Software segment dominated the market in 2020.Based on technology, it is divided into harvesting robots, sensors, GPS, RFID, and others. The harvesting robots segment held the largest market share of 38.4% in 2020. On the basis of crop component, it is segmented into vegetables and fruits. Fruits segment dominated the market in 2020.
On the basis of region, the smart harvest market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the market in 2020, followed by North America. Asia-Pacific region is predicted to grow faster than LAMEA with a CAGR of 14.3% during the forecast period.
Key companies operating in the smart harvest market are Abundant Robotics, Agrobot, Dogtooth Technologies Limited, Deere & Company, Harvest Automation, Iron OX, Panasonic Corporation, Robert Bosch GmbH, App Harvest, and Smart Harvest Ltd.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging smart harvest market trends and dynamics.
- In-depth smart harvest market analysis is conducted by estimations for the key segments between 2020 and 2027.
- Extensive analysis of the smart harvest market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
- The smart harvest market forecast analysis from 2021 to 2030 is included in the report.
Key Market Segments
By Component
- Harvesting robots
- GPS
- Sensors
- RFID
- Others
By Technology
- Hardware
- Software
By Crop type
- Vegetables
- Fruits
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Robert Bosch
- Deere & Company
- Dogtooth Technologies
- Harvest Automation
- Abundant Robotics
- Agrobot
- FFRobotics
- Energid Technologies
- Harvest
- AVL Motion
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SMART HARVEST MARKET: GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST, 2020-2027 MARKET, BY TECHNOLOGY
CHAPTER 5: SMART HARVEST MARKET: GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST, 2020-2027 MARKET, BY TECHONOLOGY
CHAPTER 6: SMART HARVEST MARKET: GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST, 2020-2027 MARKET, BY CROP TYPE
CHAPTER 7: SMART HARVEST MARKET: GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST, 2020-2027 MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Smart Harvest Market,' the smart harvest market size was valued at $12.5 billion in 2020, and is estimated to reach $37.0 billion by 2030, growing at a CAGR of 11.4% from 2021 to 2030.Agriculture is the main occupation for many countries such as India, Africa, and others. In addition, developing countries are engaged in large-scale agriculture, which significantly increases demand for automation and smart harvesting technologies. Using smart solutions such as IoT is expected to help farmers in weather forecasting and crop harvesting. IoT in crop management helps to accurately determine real-time weather conditions such as precipitation, humidity, and temperature. Precision farming is one of the main applications of smart harvest market analysis. Smart harvesting in precision farming includes vehicle tracking and inventory monitoring, more specifically field observation. Precision farming helps farmers analyze soil conditions. Cloud-based data storage is one of the technologies in the market. Cloud-based data storage uses data analytics to analyze livestock and crop health and smart technologies make the harvesting process easier by reducing labor and increasing crop production. Such instances are driving the smart harvest industry.
However, lack of technical knowledge among farmers and high-cost factor hinders smart harvest market growth.
The global smart harvest market is segmented based on component, technology, crop type, and region. On the basis of component, the market is segmented into software and hardware. In 2020, the software segment dominated the market in 2020, and is anticipated to grow with the highest CAGR of 11.9%.
On the basis of technology, the market is categorized into harvesting robots, GPS, sensors, RFID, and others. The harvesting robots segment have the largest market, and is anticipated to grow with the highest CAGR of 12.5%.
By crop type, the smart harvest market is segmented in vegetable and fruits. The fruits segment have the largest smart harvest market share in 2020, and the vegetable segment is anticipated to grow with the highest CAGR of 13.1%.
On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe region dominated the market in 2020.
The key players profiled in the market report include such as Abundant Robotics, Agrobot, Dogtooth Technologies Limited, Deere & Company, Harvest Automation, Iron OX, Panasonic Corporation, Robert Bosch GmbH, App Harvest, and Smart Harvest Ltd.
Several manufacturers in the global smart harvest market stopped their business activities in 2020, owing to lockdowns implemented in developed and developing countries and ban on industrial activities, and agriculture equipment due to the COVID-19 pandemic. This halt in production activities impacted revenue of smart harvest provider companies. For instance, net sales of Robert Bosch GmbH dropped by 3.6% from January 2020 to December 2020. In addition, lack of man power and lack of penetration of technologies such as Internet of Things (IoT), and Artificial Intelligence in agriculture practices affected the net sales of the market. However, the market is projected to recover from the 1st quarter of 2023, owing to reduced restrictions and reopening of the global smart harvest market forecast. Moreover, in 2021, with the availability of vaccine against COVID-19, the market re-opened at full pace.
Companies Mentioned
- Robert Bosch
- Deere & Company
- Dogtooth Technologies
- Harvest Automation
- Abundant Robotics
- Agrobot
- FFRobotics
- Energid Technologies
- Harvest
- AVL Motion
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 245 |
| Published | April 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 12450.9 million |
| Forecasted Market Value ( USD | $ 36977.1 million |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
