The Infinium Global Research analyzes the Smart Harvest Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global smart harvest market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of smart harvest. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the smart harvest market during the period. The global smart harvest market is projected to grow at a CAGR of 11.5% over the forecast period of 2019-2025.
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Global Smart Harvest Market is Driven by Rising in Emergence of New Technologies in Farming for Increased Profitability
The global smart harvest market is driven by rising in emergence of new technologies in farming for increased profitability. Additionally, the increasing population has led the demand for food across the globe, which in turns, increased the demand for smart harvest market. Moreover, the initiative taken by the government to support smart harvest systems is fueling market growth. On the other hand, the high capital investment could hamper market growth. Going further, improvement in smart harvesting technologies is expected to offer lucrative growth opportunities for the market in the coming few years.
Segmentation of the Smart Harvest Industry
The report on global smart harvest market has been broadly classified into the site of operation, component, and crop type. Based on site of operation, the market is further bifurcated into indoor, greenhouse and on-field. The component type is further sub-segmented into sensors, imaging systems, harvesting robots, automation & control systems, and software. The hardware segment is anticipated to be the major contributor in this market over the forecast period. The hardware segment includes sensors, controller, robots, imaging system, and automation systems. By crop type, the global smart harvest market is divided into vegetables and fruits.
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Europe is Dominating the Global Smart Harvest Market
Among All region, Europe is dominating the global smart harvest market. Presence of leading manufacturers along with high adoption of rate smart technologies are some factors responsible for the market growth in this region. Additionally, the private and public programs to bring about the commercialization of smart harvest technologies is one of the major factors propelling market growth in the Europe region. On the other hand, The Asia Pacific smart harvest market is experiencing positive growth throughout the forecast period owing to the presence of large agriculture sector in this region. The middle East and Africa are expected to experience steady growth in this market throughout the forecast period.
Key Players in the Smart Harvest Industry
The global smart harvest market comprises with the players such as Vision Robotics Corporation, FFrobotics, Energid Technologies, Iron Ox, Inc., Abundant Robotics, Inc., Panasonic Corporation, Harvest Automation, Inc., Dogtooth Technologies, Smart Harvest Ltd, John Deere, Robert Bosch GmbH and Other Companies. Some of the players are adopting key strategies such as technological development in order to maintain their market presence. For instance, Panasonic introduced an agricultural robot at Tokyo’s International Robot Exhibition that could have implications for workers in the fruit-picking business.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Smart Harvest.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.