PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235854
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235854
Smart Harvest Market Forecasts to 2028 - Global Analysis By Component (Hardware, Software), Crop Type (Vegetables, Fruits), Site of Operation (Greenhouse, On Field, Indoor), and Geography
According to Stratistics MRC, the Global Smart Harvest Market is accounted for $15.09 billion in 2022 and is expected to reach $32.81 billion by 2028 growing at a CAGR of 13.81% during the forecast period. Smart Harvest is the term used to describe autonomous harvesting robots that harvest both fruits and vegetables with little to no assistance from humans. In order to increase agricultural output, smart harvesting makes use of advanced technologies including GPS, cloud computer vision, aerial photographs, AI, MI, big data, and IoT.
Market Dynamics:
Driver:
Rising labor shortage
The market for smart harvest benefits from the growing labour shortage brought on by cost considerations. Additionally, governments around the world are launching projects and urging farmers to use smart harvesting techniques, demand for harvesting robots, automation, sensors, and control systems would support market expansion.
Restraint:
High cost of installation
Smart harvesting technology's high installation costs restrain the market's expansion during the forecast timeline. Smart harvesting technologies' cost effectiveness is expected to increase exponentially. The reality is that deploying sensors and collecting samples need a lot of resources and are fairly expensive.
Opportunity:
Integration of smart technologies
Future market growth is also anticipated to be boosted by the incorporation of smart technologies like artificial intelligence (AI), machine learning (ML), the internet of things (IoT), global positioning systems (GPS), and sensors in the agriculture sector. Artificial intelligence and deep learning are being used more and more in crop health monitoring and yield assessment, as well as in harvesting and cultivation by smart tractors without drivers. Artificial intelligence significantly improves crop quality and helps manage insect infestations, disease management through early detection of pests and illnesses, and harvesting methods. Modern technologies assist in decreasing the need for human intervention and lower the cost of hiring specialists and related staff.
Threat:
Requires extensive skills and knowledge
Smart harvesting systems demand a high level of technological expertise. However, a lot of farmers lack these abilities, and it can be challenging and sometimes even expensive to locate someone who does. This actually prevents many farmers from implementing smart harvesting techniques. This factor is preventing market expansion during the anticipated period.
COVID-19 Impact
While the world's trade was suspended during the lockdowns put in place to stop the new corona virus from spreading, the food and agriculture sector has been severely damaged by freight issues. Due to a lack of supply and demand chain interruptions, the majority of the food subcategories saw a fall in sales volume. Because of the pandemic's severe market effects on the agriculture sector, farming communities are becoming more conscious of the nascent smart harvest market. Since there was a need to restrict human involvement during the lockdowns, new methods have been created for harvesting that employ machines. Once the pandemic is over, increasing awareness, a declining agricultural workforce due to urbanisation, and rising food demand globally will ultimately push the market.
The hardware segment is expected to be the largest during the forecast period
The hardware segment is estimated to have a lucrative growth. Harvest robots, control and automation systems, sensors, and imaging systems are all part of the smart harvest's hardware. The hardware is made up of various parts that work together to handle, identify, and gather the fruit or vegetable. Artificial intelligence (AI) will be included into smart harvest systems in the upcoming years, enabling the robots to decide for themselves based on the proper criteria.
The fruits segment is expected to have the highest CAGR during the forecast period
The fruits segment is anticipated to witness the fastest CAGR growth during the forecast period. Manufacturers are creating and testing a variety of harvesting robot technologies for commercial use. Apple, strawberries, and citrus fruits like lemon and orange may all be harvested using the latest generation of smart harvest technologies. The integration of yield sensor devices and ripened controllers all over a wide variety of fruits is made possible through the use of smart harvest systems.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to producers in this region are being encouraged to use this mechanism by the growing population as well as the rising need for a wide range of fruits and vegetables in greater numbers. The governments of these nations strive to devote more funding to the agriculture sector each year with new budgeting policies, helping small-scale farmers with mortgages and other incentives so they can utilise developing technology systems. Along with government funding, the expansion of public and private sector investments for the adoption of smart harvesting technologies and devices is also contributing to the rapid growth of APAC nations.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. Smart harvesting systems have become widely used in Europe during the past few years. Germany and the United Kingdom both contribute significantly to the expansion of the European market. The government provides farmers in this area with considerable financial incentives and support to help them adopt this technologically advanced harvesting equipment. Europe is a significant hub for smart harvest system suppliers and producers.
Key players in the market
Some of the key players profiled in the Smart Harvest Market include: Deere & Company, Robert Bosch GmbH, Panasonic Corporation, Abundant Robotics, Inc., Harvest Automation, Dogtooth Technologies Limited, Smart harvest Ltd., Agrobot, Harvest Croo, Metomotion and Energid Technologies Corporation
Key Developments:
In September 2018, the Energid Technologies Corporation (United States) Company has launched a new software development kit and framework version of its Actin software. In addition, this new software provides incorporates real-time monitoring, adjustments, and inputs for robots, in which it is installed. Therefore, this product launch will help in strengthening the position of the company in the United States.
In January 2018, the Panasonic Corporation (Japan) Company has revealed a prototype of their new fully autonomous tomato-picking robot in Tokyo. Therefore, this will, in turn, propel the growth of smart harvest market.
Components Covered:
- Hardware
- Software
Crop type Covered:
- Vegetables
- Fruits
Site of operation Covered:
- Greenhouse
- On Field
- Indoor
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Emerging Markets
- 3.7 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Smart Harvest Market, By Component
- 5.1 Introduction
- 5.2 Hardware
- 5.2.1 Sensors
- 5.2.2 Harvesting Robots
- 5.2.3 Imaging Systems
- 5.2.4 Automation & Control Systems
- 5.3 Software
6 Global Smart Harvest Market, By Crop Type
- 6.1 Introduction
- 6.2 Vegetables
- 6.3 Fruits
7 Global Smart Harvest Market, By Site of Operation
- 7.1 Introduction
- 7.2 Greenhouse
- 7.3 On Field
- 7.4 Indoor
8 Global Smart Harvest Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Deere & Company
- 10.2 Robert Bosch GmbH
- 10.3 Panasonic Corporation
- 10.4 Abundant Robotics, Inc.
- 10.5 Harvest Automation
- 10.6 Dogtooth Technologies Limited
- 10.7 Smart harvest Ltd.
- 10.8 Agrobot
- 10.9 Harvest Croo
- 10.10 Metomotion
- 10.11 Energid Technologies Corporation
List of Tables
- Table 1 Global Smart Harvest Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Smart Harvest Market Outlook, By Component (2020-2028) ($MN)
- Table 3 Global Smart Harvest Market Outlook, By Hardware (2020-2028) ($MN)
- Table 4 Global Smart Harvest Market Outlook, By Sensors (2020-2028) ($MN)
- Table 5 Global Smart Harvest Market Outlook, By Harvesting Robots (2020-2028) ($MN)
- Table 6 Global Smart Harvest Market Outlook, By Imaging Systems (2020-2028) ($MN)
- Table 7 Global Smart Harvest Market Outlook, By Automation & Control Systems (2020-2028) ($MN)
- Table 8 Global Smart Harvest Market Outlook, By Software (2020-2028) ($MN)
- Table 9 Global Smart Harvest Market Outlook, By Crop Type (2020-2028) ($MN)
- Table 10 Global Smart Harvest Market Outlook, By Vegetables (2020-2028) ($MN)
- Table 11 Global Smart Harvest Market Outlook, By Fruits (2020-2028) ($MN)
- Table 12 Global Smart Harvest Market Outlook, By Site of Operation (2020-2028) ($MN)
- Table 13 Global Smart Harvest Market Outlook, By Greenhouse (2020-2028) ($MN)
- Table 14 Global Smart Harvest Market Outlook, By On Field (2020-2028) ($MN)
- Table 15 Global Smart Harvest Market Outlook, By Indoor (2020-2028) ($MN)
- Table 16 North America Smart Harvest Market Outlook, By Country (2020-2028) ($MN)
- Table 17 North America Smart Harvest Market Outlook, By Component (2020-2028) ($MN)
- Table 18 North America Smart Harvest Market Outlook, By Hardware (2020-2028) ($MN)
- Table 19 North America Smart Harvest Market Outlook, By Sensors (2020-2028) ($MN)
- Table 20 North America Smart Harvest Market Outlook, By Harvesting Robots (2020-2028) ($MN)
- Table 21 North America Smart Harvest Market Outlook, By Imaging Systems (2020-2028) ($MN)
- Table 22 North America Smart Harvest Market Outlook, By Automation & Control Systems (2020-2028) ($MN)
- Table 23 North America Smart Harvest Market Outlook, By Software (2020-2028) ($MN)
- Table 24 North America Smart Harvest Market Outlook, By Crop Type (2020-2028) ($MN)
- Table 25 North America Smart Harvest Market Outlook, By Vegetables (2020-2028) ($MN)
- Table 26 North America Smart Harvest Market Outlook, By Fruits (2020-2028) ($MN)
- Table 27 North America Smart Harvest Market Outlook, By Site of Operation (2020-2028) ($MN)
- Table 28 North America Smart Harvest Market Outlook, By Greenhouse (2020-2028) ($MN)
- Table 29 North America Smart Harvest Market Outlook, By On Field (2020-2028) ($MN)
- Table 30 North America Smart Harvest Market Outlook, By Indoor (2020-2028) ($MN)
- Table 31 Europe Smart Harvest Market Outlook, By Country (2020-2028) ($MN)
- Table 32 Europe Smart Harvest Market Outlook, By Component (2020-2028) ($MN)
- Table 33 Europe Smart Harvest Market Outlook, By Hardware (2020-2028) ($MN)
- Table 34 Europe Smart Harvest Market Outlook, By Sensors (2020-2028) ($MN)
- Table 35 Europe Smart Harvest Market Outlook, By Harvesting Robots (2020-2028) ($MN)
- Table 36 Europe Smart Harvest Market Outlook, By Imaging Systems (2020-2028) ($MN)
- Table 37 Europe Smart Harvest Market Outlook, By Automation & Control Systems (2020-2028) ($MN)
- Table 38 Europe Smart Harvest Market Outlook, By Software (2020-2028) ($MN)
- Table 39 Europe Smart Harvest Market Outlook, By Crop Type (2020-2028) ($MN)
- Table 40 Europe Smart Harvest Market Outlook, By Vegetables (2020-2028) ($MN)
- Table 41 Europe Smart Harvest Market Outlook, By Fruits (2020-2028) ($MN)
- Table 42 Europe Smart Harvest Market Outlook, By Site of Operation (2020-2028) ($MN)
- Table 43 Europe Smart Harvest Market Outlook, By Greenhouse (2020-2028) ($MN)
- Table 44 Europe Smart Harvest Market Outlook, By On Field (2020-2028) ($MN)
- Table 45 Europe Smart Harvest Market Outlook, By Indoor (2020-2028) ($MN)
- Table 46 Asia Pacific Smart Harvest Market Outlook, By Country (2020-2028) ($MN)
- Table 47 Asia Pacific Smart Harvest Market Outlook, By Component (2020-2028) ($MN)
- Table 48 Asia Pacific Smart Harvest Market Outlook, By Hardware (2020-2028) ($MN)
- Table 49 Asia Pacific Smart Harvest Market Outlook, By Sensors (2020-2028) ($MN)
- Table 50 Asia Pacific Smart Harvest Market Outlook, By Harvesting Robots (2020-2028) ($MN)
- Table 51 Asia Pacific Smart Harvest Market Outlook, By Imaging Systems (2020-2028) ($MN)
- Table 52 Asia Pacific Smart Harvest Market Outlook, By Automation & Control Systems (2020-2028) ($MN)
- Table 53 Asia Pacific Smart Harvest Market Outlook, By Software (2020-2028) ($MN)
- Table 54 Asia Pacific Smart Harvest Market Outlook, By Crop Type (2020-2028) ($MN)
- Table 55 Asia Pacific Smart Harvest Market Outlook, By Vegetables (2020-2028) ($MN)
- Table 56 Asia Pacific Smart Harvest Market Outlook, By Fruits (2020-2028) ($MN)
- Table 57 Asia Pacific Smart Harvest Market Outlook, By Site of Operation (2020-2028) ($MN)
- Table 58 Asia Pacific Smart Harvest Market Outlook, By Greenhouse (2020-2028) ($MN)
- Table 59 Asia Pacific Smart Harvest Market Outlook, By On Field (2020-2028) ($MN)
- Table 60 Asia Pacific Smart Harvest Market Outlook, By Indoor (2020-2028) ($MN)
- Table 61 South America Smart Harvest Market Outlook, By Country (2020-2028) ($MN)
- Table 62 South America Smart Harvest Market Outlook, By Component (2020-2028) ($MN)
- Table 63 South America Smart Harvest Market Outlook, By Hardware (2020-2028) ($MN)
- Table 64 South America Smart Harvest Market Outlook, By Sensors (2020-2028) ($MN)
- Table 65 South America Smart Harvest Market Outlook, By Harvesting Robots (2020-2028) ($MN)
- Table 66 South America Smart Harvest Market Outlook, By Imaging Systems (2020-2028) ($MN)
- Table 67 South America Smart Harvest Market Outlook, By Automation & Control Systems (2020-2028) ($MN)
- Table 68 South America Smart Harvest Market Outlook, By Software (2020-2028) ($MN)
- Table 69 South America Smart Harvest Market Outlook, By Crop Type (2020-2028) ($MN)
- Table 70 South America Smart Harvest Market Outlook, By Vegetables (2020-2028) ($MN)
- Table 71 South America Smart Harvest Market Outlook, By Fruits (2020-2028) ($MN)
- Table 72 South America Smart Harvest Market Outlook, By Site of Operation (2020-2028) ($MN)
- Table 73 South America Smart Harvest Market Outlook, By Greenhouse (2020-2028) ($MN)
- Table 74 South America Smart Harvest Market Outlook, By On Field (2020-2028) ($MN)
- Table 75 South America Smart Harvest Market Outlook, By Indoor (2020-2028) ($MN)
- Table 76 Middle East & Africa Smart Harvest Market Outlook, By Country (2020-2028) ($MN)
- Table 77 Middle East & Africa Smart Harvest Market Outlook, By Component (2020-2028) ($MN)
- Table 78 Middle East & Africa Smart Harvest Market Outlook, By Hardware (2020-2028) ($MN)
- Table 79 Middle East & Africa Smart Harvest Market Outlook, By Sensors (2020-2028) ($MN)
- Table 80 Middle East & Africa Smart Harvest Market Outlook, By Harvesting Robots (2020-2028) ($MN)
- Table 81 Middle East & Africa Smart Harvest Market Outlook, By Imaging Systems (2020-2028) ($MN)
- Table 82 Middle East & Africa Smart Harvest Market Outlook, By Automation & Control Systems (2020-2028) ($MN)
- Table 83 Middle East & Africa Smart Harvest Market Outlook, By Software (2020-2028) ($MN)
- Table 84 Middle East & Africa Smart Harvest Market Outlook, By Crop Type (2020-2028) ($MN)
- Table 85 Middle East & Africa Smart Harvest Market Outlook, By Vegetables (2020-2028) ($MN)
- Table 86 Middle East & Africa Smart Harvest Market Outlook, By Fruits (2020-2028) ($MN)
- Table 87 Middle East & Africa Smart Harvest Market Outlook, By Site of Operation (2020-2028) ($MN)
- Table 88 Middle East & Africa Smart Harvest Market Outlook, By Greenhouse (2020-2028) ($MN)
- Table 89 Middle East & Africa Smart Harvest Market Outlook, By On Field (2020-2028) ($MN)
- Table 90 Middle East & Africa Smart Harvest Market Outlook, By Indoor (2020-2028) ($MN)
