The global smart harvest market size is expected to reach USD 27.94 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising focus on increasing agricultural productivity and crop yield. Rapid increase in the global population is exerting pressure on the agricultural sector worldwide to increase productivity in order to meet rising growing demand for food. Farmers are increasingly adopting smart harvest technologies to maximize profitability and output in a lesser time and in a more cost-effective manner. 

The research report gives a special focus on the strengths and weaknesses of the leading participants and offers a comprehensive SWOT analysis and an investigative study for their evolution through extensive historical analysis. Additionally, the global Smart Harvest market is segmented into product types, applications, regions, and end-user industries. The report utilizes Porter’s Five Forces analysis to offer accurate predictions about the growth rate of the market. The study investigates and assesses the global Smart Harvest market in terms of market size, market share, and revenue generation. The report also assesses the growth of the segments of the Smart Harvest market over the forecast timeline.

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Some Key Highlights From the Report

  • In November 2020, Deere & Company announced the acquisition of farm management software Company Harvest Profit. The software is expected to provide customers of Deere & Company with a forward-looking financial lens and better visibility into the profitability of their farms and insights to help them make more effective decisions.
  • Indoor segment accounted for largest revenue share in 2020. Limited availability of arable land in developing countries is projected to boost growth of the indoor farming segment and increase utilization of smart harvest technologies and robots.
  • Fruit segment accounted for a significantly large revenue share in the smart harvest market in 2020. Growing demand for fruits such as apples, oranges, and strawberries in large scale is driving increasing utilization of harvesting robotics in farming.
  • Key players in the global market include Deere & Company, Robert Bosch GmbH, Panasonic Corporation, Energid Technologies, Smart Harvest Ltd, Harvest Automation, Inc., Dogtooth Technologies, AVL Motion B.V., Abundant Robotics, Inc., and Iron Ox, Inc.

Market Segmentation:

Emergen Research has segmented the global smart harvest market on the basis of site of operation, component, crop type, and region:

  • Site of Operation Outlook (Revenue, USD Billion; 2018–2028)
    • Greenhouse
    • On-Field
    • Indoor
  • Component Outlook (Revenue, USD Billion; 2018–2028)
    • Software
    • Hardware
      1. Sensors
      2. Automation & control systems
      3. Harvesting robots
      4. Imaging systems
    • Crop Type Outlook (Revenue, USD Billion; 2018–2028)
      • Vegetables
      • Fruit              

Regional Analysis:

The report provides an investigation of the global market in various geographical regions. The regional analysis states the global market is bifurcated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The report also covers import export consumption, supply and demand ratio, cost, pricing analysis, gross margin, and revenue estimation of each player in each region. The report covers a detailed examination of the market scenarios and trends on a regional and global level.

Key geographical regions analyzed in the report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Objectives of the Smart Harvest Market Report:

  • To provide an exhaustive overview of the Smart Harvest market both on the global and regional levels
  • To offer extensive analysis and forecast of the market scenario for the global Smart Harvest market
  • Analysis of the market segmentation, market size and share, and estimations for the same in the forecast period
  • Extensive study of market dynamics and the factors influencing the growth of the industry
  • Comprehensive competitive landscape analysis and extensive regional analysis
  • SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis
  • Prevailing marketing strategies along with strategic recommendations for the new players and established companies

Table Of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Smart Harvest Market Segmentation & Impact Analysis
    4.1. Smart Harvest Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Growing focus on raising agricultural productivity
                    4.2.2.2. Rapid penetration of smartphones and connected device in agriculture sector
                    4.2.2.3. Reduction in the agricultural workforce
                    4.2.2.4. Government initiatives regarding modernization of agricultural techniques
                    4.2.2.5. Advances in machine leaning and data science
                    4.2.2.6. Increasing adoption of drones and autonomous vehicles  
          4.2.3. Market restraints analysis 
                    4.2.3.1. High initial investment required for automated harvesting robots
                    4.2.3.2. Lack of technical knowledge among farmers in developing countries 
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

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Tags: Smart Harvest Industry Analysis, Smart Harvest Market Size, Smart Harvest Market Research, Smart Harvest Industry Statistics, Smart Harvest Industry Growth, Smart Harvest Market Trends, Smart Harvest Market share

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Contact Information:

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Facebook | LinkdIn | Twitter | Blogs