Smart Harvest Market Analysis: Major Players, Lucrative Segments And Top Geographies
19 Jul, 2023
The global smart harvest market size is expected to grow from $14.26 billion in 2022 to $16.02 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart harvest market size is expected to reach $25.24 billion in 2027 at a CAGR of 12%.
Global Smart Harvest Market Key Driver
The increasing demand for food is expected to propel the growth of the smart harvest market going forward. Food demand is the quantity of food that people are willing and able to purchase at a given price and time. By increasing agricultural production and efficiency, smart harvesting can help meet rising food demand. Farmers can use smart farming techniques to monitor individual plants and change their nutrition, which helps prevent problems and increase crop health. It also incorporates a number of innovative technologies that can help increase agricultural output and efficiency.
Get a sample of the global smart harvest market reportGlobal Smart Harvest Market Segments
The global smart harvest market is segmented:
1) By Crop Type: Fruits, Vegetables
2) By Components: Hardware, Software
3) By Site Of Operation: On-Field, Greenhouse, Indoor
4) By End Users: Agriculture, Horticulture, Floriculture, Vertical Farming, Other End Users
5) By Geography: The regions covered in the smart harvest market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Western Europe accounts for the largest share in the global smart harvest market.
Major Smart Harvest Industry Players
Robert Bosch GmbH, Agrobot S L, Deere and Company, Harvest Automation Inc., Panasonic Corporation, Root Al Inc., Abundant Robotics Inc., Harvest CROO Robotics LLC, FFRobotics, Iron Ox Inc., Vision Robotics Corp, Energid Technologies Corp., Metomotion Ltd., Smart Harvest Agritech Ltd., Dogtooth technologies Ltd
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Smart Harvest Market Overview
Smart harvest refers to the use of advanced technologies, such as machine learning, and artificial intelligence to automate and optimize agricultural harvesting processes. It is commonly used to increase the efficiency of harvest processes, reduce labor costs, and improve overall crop quality.
Smart Harvest Global Market Report 2023 provides data on the global smart harvest market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The smart harvest market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.