Advancement in the 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. M
The Important Factors of the Global Smart Harvest Market
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 the 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 are supporting the growth of the global smart harvest market. Consistent research and technological advancement also play a vital role in the global smart harvest market growth in the next five years. The availability of 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 traditional farming methods to increase the yield and efficient process farming. The 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.
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The global smart harvest market segmentation is based on components, site of operation, crop type, regional distribution, and competitive landscape. Based on the site of operation, the market is further fragmented into on-field, greenhouse, and indoor. The greenhouse 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 is such that crops being grown in the area to provide favorable growing conditions and 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 components the market is further divided between hardware and software. The hardware sub-segment is differentiated into automation & control systems, sensors, imaging systems, and harvesting robots. The hardware segment is anticipated to dominate the market segment and generate the 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 in 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 another nutrient in the regulation for the maximum crop yield. Acoustic crop sensors are utilized for 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 the rapidly growing global smart harvest market in the next five years.
Companies Holding the major shares of the global smart harvest market
- 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 research and technological development in product development. 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 research and development to provide options that satisfy 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 the rapid adoption of advanced harvesting technologies in the larger economies of the region. Moreover, the 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 the 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 the global smart harvest market.
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