Automated Harvesting System Global Market Report 2024

The automated harvesting system market has grown strongly in recent years. It will grow from $2 billion in 2023 to $2.14 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The historical growth in this sector can be attributed to several key factors. These include the expansion of commercial aviation, ongoing modernization efforts within military aircraft, a steady increase in air travel demand, the need for more fuel-efficient aircraft, overall growth in the global aerospace industry, and the implementation of regulatory standards aimed at enhancing safety and performance.

The automated harvesting system market is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period is expected due to increased investments in research and development, a growing demand for business jets, the continual expansion of global air traffic, innovations in electric Vertical Takeoff and Landing (eVTOL) aircraft, and an overarching emphasis on reliability and safety enhancements.

The surge in demand for industrial crops is set to drive the expansion of automated harvesting systems. Industrial crops, such as sugarcane, tea, pepper, and coconut, require industrial processing before consumption. Automated harvesting systems, utilizing computer vision to detect and gauge fruit ripeness before harvesting, offer enhanced agricultural efficiency and productivity. For example, the United States Department of Agriculture projected a 25% increase in cotton production to 18.3 million 480-pound bales in December 2021, highlighting the rising demand for industrial crops and consequently driving the growth of automated harvesting systems.

An escalating labor shortage in agricultural practices is poised to fuel the growth of automated harvesting systems. This shortage, indicating an insufficient workforce relative to the agricultural sector's needs, significantly impacts farming operations and productivity. For instance, findings from the National Farmers’ Union (NFU) in August 2022 revealed direct wastage of £22 million worth of fruit and vegetables in the first half of 2022 due to workforce shortages. Hence, the mounting labor scarcity in agricultural practices is propelling the automated harvesting systems market's growth.

Product innovation emerges as a prominent trend in the automated harvesting systems market, with companies leveraging new technologies to fortify their market positions. AGRIST Co. Ltd., in January 2023, introduced the L pepper harvest robot - a technology-driven solution for automated bell pepper collection. Utilizing diverse cameras and proprietary AI, this robot precisely identifies ripe peppers amidst dense foliage, clips and collects them into a storage box. This robot not only harvests but also monitors crop growth, offering farming advice for optimal farm management.

Major players in the automated harvesting systems industry are adopting a strategic partnership approach to deliver innovative solutions enhancing efficiency and precision in agricultural harvesting. For instance, in July 2021, Next Generation Manufacturing Canada collaborated with Mycionics to revolutionize mushroom harvesting. Mycionics' cutting-edge robotic solutions aim to automate mushroom harvesting while integrating data analytics, machine learning, and AI for process optimization, showcasing the transformative potential of such partnerships in agricultural innovation.

In April 2023, Bosch BASF Smart Farming, a German agricultural technology company, completed the acquisition of AGCO Corporation for an undisclosed sum. This strategic move aimed to expedite the growth of the farming and harvesting solutions provided by Bosch BASF Smart Farming, leveraging AGCO Corporation's established reputation for delivering high-quality products, ultimately enhancing customer satisfaction. With this acquisition, farmers stand to benefit from a comprehensive solution encompassing tailored agronomic recommendations and dependable documentation, consolidating both offerings within a singular platform. AGCO Corporation, based in the US, specializes in manufacturing agricultural machinery.

Major companies operating in the automated harvesting system market report are ABB Ltd., Honeywell International Inc., Advanced Linear Device Inc., e-peas SA, Analog Device Inc., Texas Instruments Incorporated, Cymbet Corporation, EnOcean GmbH, STMicroelectronics NV, Cypress Semiconductor Corporation, Powercast Corporation, Laird Thermal Electronics Inc., DCO Systems Ltd., Drayson Technologies Ltd., CNH Industrial N.V., 3A Composites India Private Limited, Robert Bosch GmbH, DeepField Robotics, Clearpath Robotics Inc., AgEagle Aerial Systems Inc., BouMatic Robots BV, Deere & Company, Blue River Technology Inc., Parabellum Acquisition Corp., Abundant Robotics Inc., Grownetics Inc., GlobalFoundries Inc., AutoProbe Technologies LLC, YANMAR HOLDINGS CO. LTD., Kubota Agricultural Machinery India Pvt. Ltd.

North America was the largest region in the automated harvesting system market in 2023. The regions covered in the automated harvesting system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automated harvesting system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The key components of an automated harvesting system include energy harvesting transducers, power management integrated circuits (PMIC), and storage systems. Energy harvesting transducers are electronic devices that convert energy from one form to another. They are instrumental in gathering energy from the environment - such as light, heat, or vibration - and utilizing it to power wireless sensor nodes.Technologies embedded within automated harvesting systems encompass light, vibration, radio frequency, thermal, and frequency energy harvesting. These technologies find application across horticulture, greenhouse farming, crop harvesting, and other agricultural domains, contributing to enhanced efficiency and productivity in the farming industry.

The automated harvesting system market research report provides automated harvesting system market statistics, including automated harvesting system industry global market size, regional shares, competitors with an automated harvesting system market share, detailed automated harvesting system market segments, market trends and opportunities, and any further data you may need to thrive in the automated harvesting system industry. This automated harvesting system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automated harvesting systems market consists of revenues earned by entities by providing services such as planting, harvesting, automatic watering, seeding, and cutting crops using an automated harvesting system. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated harvesting systems market consists of sales of robotic vacuum apple peckers, energetic citrus picking systems, and others. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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