#Global Indoor Farming Robots Market

[tamanna31]

Smart Agriculture Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030

Smart Agriculture Industry Overview

The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. 

Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.

Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market

Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.

To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.

Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.

The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030. 

The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.

AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.

Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.

Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.

Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.

Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives

Key Smart Agriculture Companies:

Ag Leader Technology

AGCO Corporation

AgJunction, Inc.

AgEagle Aerial Systems Inc.

Autonomous Solutions, Inc.

Argus Control Systems Ltd

BouMatic Robotic B.V.

CropMetrics

CLAAS KGaA mbH

CropZilla

Deere & Company

DICKEY-john

DroneDeploy

DeLaval Inc

Farmers Edge Inc

Grownetics, Inc.

Granular, Inc.

Gamaya

GEA Group Aktiengesellschaft

Raven Industries

Trimble Inc.

Topcon Positioning System

Recent Developments

In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.

In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.

In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.

In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.

In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.

In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.

In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.

In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[industrynewsupdates]

Smart Agriculture Market 2024-2030: Growth Share and Future Trends

The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. 

Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.

Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market

Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.

To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.

Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.

The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.

Smart Agriculture Market Segmentation

Grand View Research has segmented the global smart agriculture market report based on type, offering, application, and region.

Type Outlook (Revenue, USD Million, 2017 - 2030)

• Precision farming

• Livestock monitoring

• Smart greenhouse

• Others

Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Automation & control systems

o Drones

o Application control devices

o Guidance system

o GPS

o GIS

o Remote sensing

o Handheld

o Satellite sensing

o Driverless tractors

o Mobile devices

o VRT

o Map-based

o Sensor-based

o Wireless modules

o Bluetooth technology

o Wi-Fi technology

o Zigbee technology

o RF technology

o Milking robots

o Sensing devices

o Soil sensor

o Nutrient sensor

o Moisture sensor

o Temperature sensor

o Water sensors

o Climate sensors

o Others

o HVAC system

o LED grow light

o RFID tags & readers

• Software

o Web-based

o Cloud-based

• Types

o System integration & consulting

o Maintenance & support

o Managed types

o Data types

o Analytics types

o Farm operation types

o Assisted professional types

o Supply chain management types

o Climate information types

Application Outlook (Revenue, USD Million; 2017 - 2030)

• Precision farming application

o Yield monitoring

o On-farm

o Off-farm

o Field mapping

o Crop scouting

o Weather tracking & forecasting

o Irrigation management

o Inventory management

o Farm labor management

• Livestock monitoring application

o Milk harvesting

o Breeding management

o Feeding management

o Animal comfort management

o Others

• Smart greenhouse application

o Water & fertilizer management

o HVAC management

o Yield monitoring

o Others

• Others

Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o U.K.

o Germany

o France

o Russia

o Netherland

• Asia Pacific

o China

o Japan

o India

o Australia

o Singapore

• South America

o Brazil

• Middle East and Africa (MEA)

o Turkey

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030. 

• The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.

• AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.

• Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.

Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.

• Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.

• Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives

Key Smart Agriculture Companies:

• Ag Leader Technology

• AGCO Corporation

• AgJunction, Inc.

• AgEagle Aerial Systems Inc.

• Autonomous Solutions, Inc.

• Argus Control Systems Ltd

• BouMatic Robotic B.V.

• CropMetrics

• CLAAS KGaA mbH

• CropZilla

• Deere & Company

• DICKEY-john

• DroneDeploy

• DeLaval Inc

• Farmers Edge Inc

• Grownetics, Inc.

• Granular, Inc.

• Gamaya

• GEA Group Aktiengesellschaft

• Raven Industries

• Trimble Inc.

• Topcon Positioning System

Recent Developments

• In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.

• In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.

• In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.

• In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.

• In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.

• In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.

• In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.

• In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[rupalic]

Feed Robotics Market by Product Type (Feed Pushers, Feed Mixers, Feeding robots), Farming Environment (Indoor, Outdoor), End Use Application (Dairy Farms, Poultry Farms, Swine Farm), Functionality, Farm Size & Region - Global Forecast to 2029

[futuristicpaintercat]

Medicinal Cannabis Market Driving Growth Owing to Increased Legalization

Medicinal cannabis, also known as medical marijuana, refers to using the whole unprocessed marijuana plant or its basic extracts to treat symptoms of illnesses and other conditions. It is most commonly used to treat chronic pain, muscle spasms, nausea caused by chemotherapy, neurological disorders, epilepsy, and mental disorders such as depression, anxiety and post-traumatic stress disorder. The legalization of medicinal cannabis across various countries is fueling its demand as an alternative to prescribed medication to treat medical ailments.

The Global Medicinal Cannabis Market is estimated to be valued at US$ 14589.08 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Medicinal Cannabis Market are Deere & Company, AGCO Corporation, Agribotix LLC, Agrobot and Blue River Technology. These players are focusing on introducing advanced technologies for cultivation and production of cannabis to meet the growing demand. The key opportunities in the market include expanding product portfolio, strategic partnerships, and increasing geographical presence. Various countries are legalizing cannabis for medical use which is creating new opportunities for market players. Technological advancements such as controlled environment agriculture, artificial intelligence, indoor farming, and analytics are enabling efficient cultivation of cannabis. Smart greenhouses with sensors and robotic equipment are helping increase yield while reducing production costs. Market Drivers Increased legalization of medicinal cannabis across major countries is a key driver boosting the market growth. Countries like Canada, Germany, Italy, Australia, Chile, Colombia, and several U.S. states have legalized medical cannabis over the past decade. This has expanded access to patients and increased production. Growing acceptance of cannabis in treating health issues is further fueling the demand. Rising investments in development of advanced cannabis varieties through plant breeding is also propelling the market.

Current Challenges in Medicinal Cannabis Market The Medicinal Cannabis Market Demand is still evolving with various challenges. One major challenge is the variable legality and regulations across different geographies. While many countries and states have legalized medical cannabis, it is still considered as an illegal drug in others. This regulatory uncertainty poses difficulty for businesses to expand globally and gain acceptance. Another challenge is the limited number of high-quality clinical studies to prove the medical efficacy and advantages of various cannabis-based medicines. More extensive research is still needed to understand the potential of cannabis-based therapeutics better. On the production front, developing standardized cultivation and manufacturing practices is challenging due to the complexity involved. This impacts the consistency and quality of medical cannabis products. Lastly, with medical cannabis being a new category, its acceptance among medical professionals and patients is still a work in progress which requires more awareness and advocacy.

Get more insights on Medicinal Cannabis Market

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[creativeera]

Hydroponics Market to Exhibit Substantial Growth due to Growing Popularity

The hydroponics market has witnessed significant growth in recent years owing to the rising demand for organic food crops grown without soil. Hydroponics is a method of growing plants using mineral nutrient solutions in a water solvent, instead of soil. It is often utilized in commercial indoor farming as it uses much less water than traditional agriculture and provides environmental protection benefits. Hydroponics systems are designed to deliver nutrients to plant roots using a liquid solution containing essential minerals required for plant growth such as nitrogen, phosphorus, potassium, and others. They provide optimal growing conditions and help increase crop yields per cultivation area. The global hydroponics market is estimated to be valued at US$ 538.18 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2024 to 2031.

Hydroponics helps enhance productivity per cubic meter of space by growing plants closer to each other and enabling year-round harvesting through controlled environmental conditions. It also eliminates the need for pesticides and fertilizers, thereby supporting sustainable agriculture practices. The ability of hydroponics to grow crops with minimum resources and maximize space utilization is fueling its adoption over traditional farming techniques globally. Key Takeaways Key players operating in the hydroponics market are Johnson Health Tech, ICON Health & Fitness, Technogym, Precor, Nautilus, Cybex, True Fitness, Amer Sports, Sole Fitness and Life Fitness. The growing popularity of organic foods and focus on urban gardening are creating new opportunities for growth of hydroponic systems across both commercial and residential sectors. North America currently dominates the global Hydroponics Market Growth . However, Asia Pacific is expected to witness the fastest growth owing to rising population and strong government support for adopting innovative agricultural technologies in countries like China, India, and Japan. Market drivers The increasing efforts towards sustainable food production is one of the major drivers of hydroponics market. With a rising global population, the requirement for food supplies is increasing tremendously. However, availability of cultivable land is limited. Hydroponics helps maximize crop yield from limited land resources through its precise nutrient delivery and environmental control features. It uses 70-90% less water than traditional soil-based agriculture and protects roots from diseases. This makes hydroponics a viable solution to fulfill the rising demand for food in a sustainable way. The other key drivers include growing popularity of organic foods, proliferation of indoor vertical farming, and rising investments in agricultural technology development.

PEST Analysis Political: The hydroponics market is influenced by favorable regulations and policies supporting sustainable agricultural practices across various regions. Several countries offer subsidies and tax benefits to promote the adoption of hydroponics. Economic: With the growing population and limited agricultural land, hydroponics is an economically viable option to increase crop yields. It has lower water usage and helps reducing production costs. Social: Younger generations are more receptive towards innovative agricultural technologies. They are conscious about healthy and organic foods produced sustainably. Hydroponics helps address sustainability goals and meets rising food demand. Technological: Advanced sensors and IoT systems provide real-time crop monitoring and precise nutrient delivery. Use of robotics, automation, and data analytics aid optimized production. New techniques like aquaponics are also gaining popularity. Geographical concentration North America accounts for the largest share of the global hydroponics market in terms of value. Favorable government support and high health awareness among consumers in the US and Canada create strong demand for hydroponically grown crops. Fastest growing region Asia Pacific region is poised to grow at the fastest rate during the forecast period. Rapid urbanization, growing middle class, and rising focus on alternative farming methods in countries like China and India offer immense growth opportunities.

Get more insights on Hydroponics Market

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)

[pranalipawarshinde]

Indoor Farming Technology Market is Expected to Grow with High Probability Business Opportunity by 2033

“Global Insight Services company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Indoor farming technology is the application of modern agricultural techniques and equipment to grow crops indoors, in a controlled environment. This can be done in a variety of settings, including greenhouses, warehouses, and even shipping containers.

The benefits of indoor farming include year-round production, protection from pests and bad weather, and the ability to control the environment (e.g. temperature, humidity, and light) to optimize growth. This results in higher yields and a higher quality product. Additionally, because the crops are grown in a sterile environment, there is no need for pesticides or other chemicals.

Key Trends

The main trends in indoor farming technology are automation, precision farming, and controlled environment agriculture (CEA).

Automation is being used more and more in indoor farming to help reduce labor costs and increase efficiency. Robotics is one area that is seeing a lot of growth in indoor farming, with many developing robots to help with tasks such as planting, thinning, and harvesting.

Precision farming is another key trend in indoor farming technology. This involves using sensors and other data-driven techniques to manage crops more effectively. For example, by monitoring temperature, humidity, and light levels, farmers can make sure that conditions are optimal for plant growth. This can help to improve yields and reduce wastage.

Unlock Growth Potential in Your Industry – Get Your Sample Report Now@https://www.globalinsightservices.com/request-sample/GIS20180

CEA is another important trend in indoor farming technology. This involves controlling the environment in which plants are grown, in order to optimize conditions for growth. For example, by using LED lighting, farmers can reduce energy costs and create the perfect light spectrum for plant growth.

[tritonmarketresearchamey]

Smart Agriculture Market: Key Insights 2028

The agriculture industry is constantly losing its workforce due to the rise in urbanization, increased migration of local laborers, and lower farm revenue. These factors have led farmers to look for new solutions. Smart farming has gained momentum with automation in activities using technologies such as the IoT, big data & analytics, artificial intelligence and machine learning. The global smart agriculture market is anticipated to surge at a CAGR of 10.35% over the forecast period 2022-2028.

With a boom in population, food demand is anticipated to rise incrementally by 2050. There will be immense pressure on farmers to increase crop production and yield. This can only be achieved by increasing the land to grow crops or opting for new techniques, such as precision and vertical farming. The use of technologies, such as LED indoor farming, to create nature-like conditions will help farmers to match the expected demand for food supply in the future.

Digitalization – Key Driver

According to our reports, based on the type segment, precision farming currently holds the largest share of over 42.04% and is anticipated to maintain its stronghold throughout the forecast period.

Precision farming is experiencing a rapid transformation from a service and product perspective. The emergence of smart sensors, robotic automation, sophisticated biologicals, digital data, and many big incumbents are a few technological advancements that are ushering a new era in agriculture. The integration of technology in precision farming equipment is anticipated to drive the studied market’s growth.

Irrigation products have been a major contributor to the precision farming market. With the growing need for appropriate agricultural equipment, variable rate application (VRA) products are expected to propagate the studied market in the next five years.

Globally, the Asia-Pacific smart agriculture market is projected to be the fastest-growing region during the forecast period 2022-2028. The region presents immense scope for development, owing to the increasing urban population size, growing penetration of the internet in farm management, and favorable government investments. Moreover, the presence of economically advancing countries such as India and China is expected to create avenues for precision agriculture in the region.

Automation Trends

A shift in the global aging demographic has prompted the adoption of automation in farming practices.

Automation and control system manufacturers have seen a significant increase in sales due to this profound change in the farming industry.

Over the last 5 years, agricultural robots have been deployed for the purpose of crop management. These robots selectively treat soil and crops based on their needs, thereby reducing manual labor. Out of all the robots used in smart farming, UAVs/drones generated the most revenue.

Companies to Watch in the Market

In recent years, partnership and collaboration have been key strategies for expansion in the smart agriculture farming market. With the increasing growth in the global market, companies in this industry have incorporated collaborative strategies with other agricultural OEMs to remain competitive.

Some of them are as follows:

In May 2022, AGCO Corp acquired JCA Industries Inc (a leading autonomous software provider of agricultural-related products) to enhance the company’s automation system portfolio.

In June 2021, AgJunction Inc collaborated with Robert Bosch LLC to join the NEVONEX partner network. The partnership integrated NEVONEX into AgJunction’s hardware modules. The collaboration also enabled AgJunction Inc to provide its customers with a wider range of automated processes.

In February 2021, DroneDeploy collaborated with Corteva Agriscience, a leading manufacturer and supplier of agricultural seeds and chemicals, to design, develop, and provide advanced artificial intelligence and machine learning platforms to farmers to improve productivity.

In January 2021, Farmers Edge Inc collaborated with Google Cloud to promote the company’s services and boost its program’s implementation of artificial intelligence, machine learning, and predictive analysis.

Conclusion

Technological advancements and their incorporation into farming activities have benefited the agricultural sector. Out of all the equipment, such as sensors and robots, drones are anticipated to revolutionize the sector, as companies and farmers are eager to incorporate them into their business models. According to the Association for Unmanned Vehicles Systems International (AUVSI), around 80% of commercial drones will eventually be used for agriculture. The data collected from drones help farmers to improve the yield and provide water, fertilizer, and chemical pesticides to the crops when needed. It also helps to monitor crop health while checking for signs of diseases. Thus, the increasing benefits of automation and the use of drones in agriculture are anticipated to create new avenues for the smart agriculture market.

 

FAQ:

Q 1) What are the revenue estimations for the global smart agriculture market?

The global smart agriculture market was valued at $12.52 billion in 2021 and is expected to reach $24.88 billion by 2028.

Q2) Which segments are covered under the smart agriculture market?

Type and component are the segments covered in the smart agriculture market.

[priyanshisingh]

Indoor Farming Market Overview: Growth Factors and Future Trends (2023-2032)

The indoor farming market, valued at USD 38.4 million in 2023, is projected to reach USD 116.06 million by 2032, reflecting a significant CAGR of 10.65%.

The indoor farming market is a rapidly evolving sector within the agricultural industry, characterized by the use of controlled-environment agriculture (CEA) techniques to grow crops indoors. This market is driven by the increasing demand for sustainable and efficient food production methods, particularly in urban areas where arable land is scarce. Indoor farming involves various technologies such as hydroponics, aeroponics, aquaponics, and vertical farming, which enable the cultivation of a wide range of crops, including leafy greens, herbs, fruits, and vegetables, in controlled environments like greenhouses, warehouses, and even urban skyscrapers.

One of the primary drivers of the indoor farming market is the need to enhance food security and reduce dependency on traditional farming, which is vulnerable to climate change, pests, and fluctuating weather conditions. Indoor farming offers a solution by providing stable growing conditions year-round, leading to higher crop yields and reduced crop loss. Additionally, indoor farming uses significantly less water compared to conventional farming methods, making it a more sustainable option in regions facing water scarcity.

Technological advancements play a crucial role in the growth of the indoor farming market. Innovations in LED lighting, climate control systems, and automation have improved the efficiency and scalability of indoor farming operations. LED grow lights, for instance, provide optimal wavelengths for photosynthesis, promoting faster plant growth and higher yields. Automation technologies, including robotic systems and AI-driven monitoring, enhance precision in nutrient delivery, pest control, and overall farm management, reducing labor costs and increasing productivity.

Urbanization is another significant factor contributing to the market's expansion. As the global population continues to urbanize, the demand for locally grown, fresh produce is rising. Indoor farming allows for the cultivation of crops closer to urban centers, reducing transportation costs and the carbon footprint associated with food distribution. This proximity to consumers also enables the delivery of fresher products with a longer shelf life.

The indoor farming market is influenced by several trending factors that are shaping its growth and development. Here are the key trending factors:

1. Technological Innovations

Advanced LED Lighting: Development of energy-efficient LED grow lights that optimize light spectra for plant growth, improving yield and reducing energy costs.

Automation and Robotics: Use of automated systems and robotics for planting, harvesting, and monitoring crops, enhancing precision and reducing labor costs.

IoT and AI Integration: Implementation of Internet of Things (IoT) sensors and Artificial Intelligence (AI) for real-time monitoring and data analysis, leading to better crop management and resource optimization.

2. Sustainability and Environmental Concerns

Water Conservation: Indoor farming techniques such as hydroponics and aeroponics use significantly less water than traditional farming, addressing water scarcity issues.

Reduced Carbon Footprint: Proximity to urban centers reduces transportation emissions, and energy-efficient technologies lower the overall carbon footprint of food production.

Sustainable Practices: Increasing focus on using renewable energy sources, biodegradable materials, and eco-friendly practices within indoor farming operations.

3. Urbanization and Food Security

Urban Farming Solutions: Vertical farming and rooftop gardens in urban areas help address the lack of arable land and bring food production closer to consumers.

Year-Round Production: Controlled environments allow for continuous crop production throughout the year, enhancing food security and reducing reliance on seasonal crops.

Local Food Movement: Growing consumer preference for locally sourced, fresh produce drives demand for urban indoor farming solutions.

4. Health and Wellness Trends

Organic and Chemical-Free Produce: Increasing consumer demand for organic, pesticide-free, and non-GMO products drives the adoption of indoor farming methods that can guarantee these standards.

Nutrient-rich foods: Focus on growing nutrient-dense crops to meet the health-conscious consumer’s preferences.

5. Investment and Funding

Venture Capital and Private Equity: Significant investments from venture capitalists and private equity firms into indoor farming startups and technologies.

Government Support and Subsidies: Government initiatives and subsidies promoting sustainable agriculture and food security boost the indoor farming market.

6. Research and Development

Crop Diversification: Ongoing R&D efforts to expand the variety of crops that can be grown indoors, including staple crops and exotic plants.

Enhanced Plant Breeding: Development of crop varieties specifically bred for indoor growing conditions, optimizing yield and resilience.

7. Consumer Awareness and Education

Educational Campaigns: Increased efforts to educate consumers about the benefits of indoor farming and sustainable agriculture.

Transparency and Traceability: Consumers’ demand for transparency in food production processes leads to the adoption of traceability technologies within indoor farms.

8. Economic and Social Factors

Rising Food Prices: As traditional farming faces challenges such as climate change and resource depletion, indoor farming offers a more stable and potentially cost-effective alternative.

Employment Opportunities: Creation of new job opportunities in high-tech farming sectors and related industries.

Key player:

Argus Control Systems Ltd.

Certhon

Richel Group

Netafim

General Hydroponics

Hydrodynamics International

Illumitex

Lumigrow

Signify Holding

Bowery Farming Inc.

More About Report- https://www.credenceresearch.com/report/indoor-farming-market

Here are the major types of indoor farming:

1. Hydroponics

Nutrient-Rich Water Solution: Plants are grown in a soilless medium with their roots submerged in a nutrient-rich water solution.

Efficiency: Uses less water than traditional soil farming and allows for precise control over nutrient delivery.

Scalability: Suitable for various scales, from small home setups to large commercial operations.

2. Aeroponics

Mist-Based Nutrient Delivery: Plants are suspended in the air with their roots exposed and periodically misted with a nutrient solution.

High Efficiency: Uses even less water than hydroponics and provides excellent oxygenation to plant roots.

Space Utilization: Ideal for vertical farming setups, maximizing space usage.

3. Aquaponics

Combination of Aquaculture and Hydroponics: Integrates fish farming (aquaculture) with hydroponic plant growing.

Symbiotic Relationship: Fish waste provides nutrients for the plants, while plants help filter and clean the water for the fish.

Sustainability: Creates a closed-loop system that is environmentally sustainable and resource-efficient.

4. Vertical Farming

Stacked Layers: Plants are grown in vertically stacked layers or shelves, often in controlled environments like warehouses or skyscrapers.

Space Efficiency: Maximizes space utilization, making it ideal for urban areas with limited horizontal space.

Controlled Environment: Allows for precise control over light, temperature, and humidity.

5. Greenhouses

Protected Environment: Plants are grown in glass or plastic-covered structures that protect from the elements.

Climate Control: Allows for some control over environmental factors such as temperature and humidity, extending growing seasons.

Versatility: Suitable for a wide range of crops and can be used in various climates.

6. Container Farming

Repurposed Shipping Containers: Uses modified shipping containers equipped with hydroponic or aeroponic systems.

Mobility: Containers can be easily transported and set up in different locations.

Space Efficiency: Ideal for urban settings and areas with limited space.

7. Warehouse Farming

Large-Scale Indoor Facilities: Utilizes large indoor spaces like warehouses for growing crops using hydroponic, aeroponic, or aquaponic systems.

Automation and Technology: Often incorporates advanced technologies like automated lighting, climate control, and robotics.

High Production Capacity: Capable of producing large quantities of crops year-round.

8. Rooftop Farming

Urban Rooftops: Utilizes the roofs of buildings to set up small to medium-sized farming operations.

Urban Integration: Provides fresh produce to urban areas, reducing transportation costs and emissions.

Green Infrastructure: Contributes to building insulation and urban green spaces.

9. Plant Factories

Fully Controlled Indoor Environments: Highly controlled environments where all aspects of plant growth (light, temperature, humidity, CO2) are managed.

High Efficiency: Designed for high productivity and resource efficiency, often using vertical farming techniques.

Technology-Driven: Employs advanced technologies such as LED lighting, automation, and AI for optimal growth conditions.

Segments:

Based on Facility Type

Greenhouses

Vertical farms

Shipping Container

Building-based

Others

Based on Component

Hardware

Climate Control Systems

Lighting Systems

Sensors

Irrigation Systems

Software

Web-Based

Cloud-Based

Services

System Integration & Consulting

Managed Services

Assisted Professional Services

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[esgdatainrate]

Smart Harvest In-Depth Profiling With Key Players and Recent Developments, Forecast Period: 2021-2031

Smart Harvest Market Research, 2030

The global smart harvest market was valued at $12,450.9 million in 2020, and is projected to reach $36,977.1 million by 2030, growing at a CAGR of 11.4% from 2021 to 2030. Smart harvesting refers to the use of self-driving farming robots to gather fruits and vegetables with little or no human participation. Artificial intelligence (AI), aerial photographs, cloud algorithms, satellites, and technical analysis are all used in smart harvesting systems. Collecting makes use of a diversity of connected phones to boost yield. Smart harvesting in agriculture pertains to the use of smart technology such as GPS, cloud computer vision, satellite pictures, big data, and IoT to improve crop output.

An Increase in urban population in emerging countries such as India and China is expected to drive the adoption of new technologies in the agriculture sector. In addition, the growth of the population has encouraged farmers to adopt new technologies such as harvest robots and soil sensors. Moreover, smart harvesting refers to the use of self-driving farming robots to collect fruits and vegetables with little or no human involvement. In addition, adopting new technologies help farmers to increase production. In addition, rise in the deployment of smart harvest systems is expected to propel the growth of the market. For instance, in February 2022, the Indian PM AWAS scheme allocation has been increased to $6,441.3 million, up by 75% year on year. This is expected to boost wave technology usage such as kisan drones for crop assessments, land records, and spraying of insecticides. Such instances are the smart harvest market opportunity during the forecast period.

Rapid increase in the global population is exerting pressure on the agricultural sector worldwide to increase productivity to meet rise in demand for food. Farmers are increasingly adopting smart harvest technologies such as harvesting robots, automation, control systems, sensors, and imaging systems to maximize profitability and output in lesser time and more cost-effective manner. Limited availability of arable land is the key factor that drives demand for indoor farming activities and increasing usage of smart harvesting technologies to eliminate labor expenses.

In addition, major players such as Panasonic Corporation, Abundant Robotics, and Deere & Company Industries are some of the players engaged in offering harvesting robots to the market. For instance, In January 2018, Panasonic Corporation unveiled a proto component of new fully autonomous tomato picking robot in Tokyo. The robot is incorporated with high resolution cameras sensors and artificial intelligence features to identify and pick ripe tomatoes, drive the growth of the smart harvest market. In addition, rise in need for smart technologies in the agricultural equipment, fuels the smart harvest market growth.

On the basis of region, the smart harvest market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominated the smart harvest market forecast in 2020, followed by North America. Asia-Pacific region is predicted to grow faster than LAMEA with a CAGR of 14.3% during the forecast period.

Full Report With TOC:-https://www.alliedmarketresearch.com/smart-harvest-market-A09960

[kisaantrade]

The time is now for European agricultural companies to make investments in the Indian market

In light of the fact that the world's population will reach 7.9 billion this November and is expected to reach 9.8 billion by the year 2050, food security has emerged as a major issue. Action must be taken immediately in order to address the shortage of resources, access and distribution problems, and the requirement to increase agricultural outputs. To address this crisis, policymakers around the world are looking for sustainable ways to integrate agricultural practices with technology.

India's agricultural sector's economic contribution

The farming (crops and horticulture), forestry, livestock (milk, eggs, and meat), and fisheries industries make up the bulk of the Indian agricultural sector. It contributes 11.9 percent of the $3,320.4 billion in global agriculture gross value added (GVA), which is second only to China, and accounts for 12 percent of India's exports. The sector also affects the dynamics of consumption and production in non-agricultural sectors like consumer goods, retail, chemicals, and e-commerce.

The agricultural sector is crucial to India's economic output and potential for growth due to economic interconnections. It's another reason why the industry desperately needs reform.

India's agricultural economy is disorganized and fragmented

The entire value chain—from the supply of agricultural inputs to the production and transformation of agricultural products to their distribution to final consumers—is covered by the agribusiness ecosystem, which includes all business activities carried out from farm to fork. The rapid urbanization, diet diversification, shifting consumer preferences, and growth of the food markets have all contributed to the ecosystem's further expansion into segments like e-commerce and hyperlocal.

The agriculture value chain still has multiple levels of intermediaries and middlemen, so it is still largely disorganized and fragmented. In spite of the fact that 86 percent of India's small and marginal farmers continue to be its main sources of food and nutrition, they are still limited by things like having extremely small landholdings of less than two hectares.

How does agritech boost India's agricultural sector's productivity and efficiency?

Agritech is primarily used to describe an ecosystem of businesses and startup ventures that are leveraging technological advancements to offer goods or services for boosting yield, efficiency (both in terms of time and cost), and profitability for farmers across the agriculture value chain. The various agritech industry segments that support the overall value chain include:

1) Market linkage: farm inputs are linked to the market through physical infrastructure and a digital marketplace.

2) Biotech: studying the biology and genomics of plants and animals.

3) Agriculture as a service: pay-per-use rental of farm machinery.

4) Precision agriculture and farm management: using geospatial or weather data, IOT, sensors, robotics, etc. to increase productivity; farm management solutions for resource and field management, etc. are examples of precision agriculture and farm management.

5) Farm mechanization and automation: mechanization and automation in agriculture: industrial automation that uses equipment, tools, and robots for planting, handling raw materials, harvesting, etc.

6) Farm infrastructure: Farm infrastructure includes farming methods like drip irrigation, indoor-outdoor farming, greenhouse systems, and environmental controls like heating and ventilation.

7) Quality management and traceability: Production monitoring, quality control, analysis, and traceability during storage and transportation are all aspects of quality management.

8) Supply chain technology and output market linkage: Linking the market for farm output and the supply chain requires a physical infrastructure and digital platform to manage the post-harvest supply chain.

9) Financial services: Credit facilities for purchasing equipment, inputs, and other items, as well as crop insurance or reinsurance.

10) Advisory/Content: Information platforms for pricing, market, and agronomic information are available online.

Why do agricultural businesses from Europe invest in the Indian market?

1) A sizable and expanding market: India has a sizable agricultural sector and a sizable population that depends on farming for a living. There is a sizable demand for agricultural products due to the nation's expanding middle class, urbanization, and population growth. European businesses can take advantage of this enormous market opportunity and meet the changing demands of Indian consumers.

2) Governmental Reforms and Initiatives: The Indian government has carried out a number of reforms and initiatives to strengthen the agricultural industry. These consist of budget allocation increases, modernization plans for agriculture, and welcoming foreign investment policies. These government initiatives can be used by European businesses to build a strong presence and gain access to favorable regulations.

3) Technology and Innovation: When it comes to cutting-edge farming methods and technological developments, European agricultural companies frequently lead the way. The adoption of these cutting-edge technologies, such as crop management solutions, smart irrigation systems, and precision farming, can benefit India's agriculture industry. Such technologies can be introduced and put into use by European businesses to help modernize and increase the productivity of Indian agriculture.

4) Organic and Sustainable Farming: In India, there is a rising awareness of and demand for organic and sustainable farming methods. India is a willing market for European businesses with experience in organic farming, sustainable agriculture, and agroecology. More and more buyers are looking for goods that are safe for the environment, free of dangerous chemicals, and made using sustainable methods.

5) Collaborations: Partnerships between European and Indian agricultural companies can promote information sharing, technology transfer, and joint R&D projects. European businesses can collaborate with their Indian counterparts to take advantage of local knowledge, gain access to distribution networks, and modify their goods and services to meet the demands of the Indian market.

6) Opportunities for Export: Investing in the Indian agricultural market can give European businesses the chance to export their goods to India and its neighbors. India's proximity to other Asian markets gives European businesses access to a larger customer base, allowing them to increase their market share and level of global competitiveness.

7) Long-Term Potential: As the nation continues to invest in agribusiness development, irrigation systems, and agricultural infrastructure, India's agricultural sector has the potential to grow over the long term. European businesses can position themselves for long-term growth and take advantage of the changing demands of the agriculture sector by entering the Indian market.

Bottom Line

In conclusion, there are compelling reasons for European agricultural companies to invest in the Indian market. Along with government initiatives and reforms, India's sizable and expanding market offers numerous opportunities for growth and financial success. European businesses bring cutting-edge technologies, novel approaches, and sustainability knowledge that can cater to the changing needs of Indian consumers and help modernize the agricultural industry. Collaborations with Indian partners can promote market access and knowledge sharing. The possibility of exporting goods to India and its neighbors also adds to the allure of making investments in India. The Indian market presents a promising opportunity for business expansion and success for European agricultural companies thanks to its long-term growth potential and friendly business environment.

[rohittriton]

Smart Agriculture Market: Key Trends, Insights 2022-2028

The agriculture industry is constantly losing its workforce due to the rise in urbanization, increased migration of local laborers, and lower farm revenue. These factors have led farmers to look for new solutions. Smart farming has gained momentum with automation in activities using technologies such as the IoT, big data & analytics, artificial intelligence and machine learning. The global smart agriculture market is anticipated to surge at a CAGR of 10.35% over the forecast period 2022-2028.

With a boom in population, food demand is anticipated to rise incrementally by 2050. There will be immense pressure on farmers to increase crop production and yield. This can only be achieved by increasing the land to grow crops or opting for new techniques, such as precision and vertical farming. The use of technologies, such as LED indoor farming, to create nature-like conditions will help farmers to match the expected demand for food supply in the future.

Digitalization – Key Driver

According to our reports, based on the type segment, precision farming currently holds the largest share of over 42.04% and is anticipated to maintain its stronghold throughout the forecast period.

Precision farming is experiencing a rapid transformation from a service and product perspective. The emergence of smart sensors, robotic automation, sophisticated biologicals, digital data, and many big incumbents are a few technological advancements that are ushering a new era in agriculture. The integration of technology in precision farming equipment is anticipated to drive the studied market’s growth.

Irrigation products have been a major contributor to the precision farming market. With the growing need for appropriate agricultural equipment, variable rate application (VRA) products are expected to propagate the studied market in the next five years.

Globally, the Asia-Pacific smart agriculture market is projected to be the fastest-growing region during the forecast period 2022-2028. The region presents immense scope for development, owing to the increasing urban population size, growing penetration of the internet in farm management, and favorable government investments. Moreover, the presence of economically advancing countries such as India and China is expected to create avenues for precision agriculture in the region.

Automation Trends

A shift in the global aging demographic has prompted the adoption of automation in farming practices.

Automation and control system manufacturers have seen a significant increase in sales due to this profound change in the farming industry.

Over the last 5 years, agricultural robots have been deployed for the purpose of crop management. These robots selectively treat soil and crops based on their needs, thereby reducing manual labor. Out of all the robots used in smart farming, UAVs/drones generated the most revenue.

 

Companies to Watch in the Market

In recent years, partnership and collaboration have been key strategies for expansion in the smart agriculture farming market. With the increasing growth in the global market, companies in this industry have incorporated collaborative strategies with other agricultural OEMs to remain competitive.

Some of them are as follows:

In May 2022, AGCO Corp acquired JCA Industries Inc (a leading autonomous software provider of agricultural-related products) to enhance the company’s automation system portfolio.

In June 2021, AgJunction Inc collaborated with Robert Bosch LLC to join the NEVONEX partner network. The partnership integrated NEVONEX into AgJunction’s hardware modules. The collaboration also enabled AgJunction Inc to provide its customers with a wider range of automated processes.

In February 2021, DroneDeploy collaborated with Corteva Agriscience, a leading manufacturer and supplier of agricultural seeds and chemicals, to design, develop, and provide advanced artificial intelligence and machine learning platforms to farmers to improve productivity.

In January 2021, Farmers Edge Inc collaborated with Google Cloud to promote the company’s services and boost its program’s implementation of artificial intelligence, machine learning, and predictive analysis.

Conclusion

Technological advancements and their incorporation into farming activities have benefited the agricultural sector. Out of all the equipment, such as sensors and robots, drones are anticipated to revolutionize the sector, as companies and farmers are eager to incorporate them into their business models. According to the Association for Unmanned Vehicles Systems International (AUVSI), around 80% of commercial drones will eventually be used for agriculture. The data collected from drones help farmers to improve the yield and provide water, fertilizer, and chemical pesticides to the crops when needed. It also helps to monitor crop health while checking for signs of diseases. Thus, the increasing benefits of automation and the use of drones in agriculture are anticipated to create new avenues for the smart agriculture market.

FAQ:

Q 1) What are the revenue estimations for the global smart agriculture market?

The global smart agriculture market was valued at $12.52 billion in 2021 and is expected to reach $24.88 billion by 2028.

Q2) Which segments are covered under the smart agriculture market?

Type and component are the segments covered in the smart agriculture market.

[rupalic]

Robotic Farming Equipment Industry Will Hit Big Revenues In Future

According to a research report "Robotic Farming Equipment Market by Type (Unmanned Aerial Vehicles/Drones, Milking Robots, Driverless Tractors, Automated Harvesting Systems), Farming Environment (Indoor and Outdoor), End-use Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the Agriculture Robots market is estimated at USD 13.5 billion in 2023 and is projected to reach USD 40.1 billion by 2028, at a CAGR of 24.3% from 2023 to 2028. The Precision farming robots market is experiencing robust growth and is poised to revolutionize the farming industry worldwide. With a growing need to address challenges like labor shortages, increasing demand for food, and the necessity for sustainable agricultural practices, the adoption of agriculture robots has gained significant momentum.

The market scenario for farm automation technology is witnessing a steady increase in investments from both established companies and startups. Major players in the robotics industry are actively developing advanced robotic solutions tailored for various agricultural tasks. Additionally, governments and agricultural organizations are also encouraging the adoption of these technologies by providing subsidies and incentives to farmers. The market growth can be attributed to several factors. Firstly, the increasing trend of precision agriculture, driven by data-driven farming practices, is fueling the demand for robots equipped with advanced sensors and AI capabilities.

These robots enable farmers to optimize resource usage, leading to improved productivity and reduced costs. Secondly, the rising awareness of sustainability and environmental concerns is driving the need for more efficient and eco-friendly farming methods. Agriculture robots offer precise application of inputs like fertilizers and pesticides, minimizing wastage and environmental impact. As the industry matures and technology becomes more accessible, the cost of agriculture robots is likely to decrease, further encouraging adoption among farmers of all scales. The agriculture robots market is expected to continue its growth trajectory, transforming the global farming landscape and contributing to a more sustainable and productive future for agriculture.

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North America is expected to account for the largest market share in 2023.

The Automated agricultural machinery industry in North America is witnessing rapid growth, driven by various factors that are shaping the industry and encouraging the widespread adoption of robotic technologies in farming practices. North America is experiencing a decline in the availability of agricultural labor due to factors like urbanization and changing demographics. As labor costs rise, farmers are turning to agriculture robots to automate repetitive and labor-intensive tasks, reducing their dependency on human workers and mitigating the impact of labor shortages. The region is at the forefront of technological innovation, and the integration of advanced technologies like artificial intelligence, machine learning, and IoT (Internet of Things) has significantly enhanced the capabilities of agriculture robots. These cutting-edge technologies enable robots to make data-driven decisions, perform precise operations, and optimize farming practices, leading to increased efficiency and productivity. The presence of leading research institutions and companies dedicated to robotics and agriculture in North America has contributed to the accelerated growth of the agriculture robots market. Ongoing research and development efforts continue to push the boundaries of what agriculture robots can achieve, opening up new possibilities and applications.

The type segment, by Unmanned Aerial Vehicles, is expected to account for the largest share in 2023.

Agriculture drones are revolutionizing the farming industry and promoting the transition toward digital agriculture. These unmanned aerial vehicles equipped with various sensors and imaging technologies have the potential to significantly change agriculture in several ways. Firstly, they enable precision farming practices by providing high-resolution imagery of crops and fields, helping farmers identify variations in soil health, moisture levels, and crop health. This allows for precise application of resources like water, fertilizers, and pesticides, optimizing their usage and minimizing waste. Additionally, drones equipped with thermal and multispectral cameras can monitor crops throughout their growth cycles, detecting pest infestations, diseases, or nutrient deficiencies early on, enabling farmers to take timely corrective actions and increasing overall crop productivity. The efficiency in data collection and analysis saves time and effort, allowing farmers to focus on strategic decision-making and better farm management practices, leading to increased efficiency and productivity. Moreover, the data-driven insights gathered by agriculture drones can be integrated with other digital technologies like farm management software and AI algorithms, helping farmers make data-driven decisions, predict crop yields, and optimize overall farm performance.

The application segment, by Field Farming, is expected to dominate the market with the largest share in 2023.

Agriculture robots offer significant benefits in field farming by automating various tasks and providing valuable insights to farmers. These robots can perform tasks such as planting, seeding, weeding, spraying pesticides, and harvesting, reducing the reliance on manual labor and increasing efficiency.

The precision and accuracy of agriculture robots lead to optimized resource usage, including water, fertilizers, and pesticides, resulting in reduced costs and minimal environmental impact. Additionally, the data collected by these robots through advanced sensors and cameras allow farmers to monitor crop health, detect diseases, and assess soil conditions in real-time. This data-driven approach enables farmers to make informed decisions, implement targeted interventions, and maximize crop yields.

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Top players analyzed:

Deere & Company (US), CNH Industrial NV (UK), AGCO Corporation (US), Lely (the Netherlands), AgJunction (US), DeLaval (Sweden), Deepfield Robotics (Germany), Naïo Technologies (France), KUBOTA Corporation (Japan), Monarch Tractor (US), and Clearpath Robotics (Canada)

[blueweave8]

Brazil Agriculture Robots Market Growth, Trends, Report 2023-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Brazil agriculture robots market size at USD 474.75 million in 2022. During the forecast period between 2023 and 2029, the Brazil agriculture robots market size is projected to grow at a CAGR of 8.08% reaching a value of USD 1,549.8 million by 2029. Growing population increased food demand, indoor farming's popularity, frequent climate variations, and rapid adoption of automation technology are major growth drivers for the Brazil agriculture robots market. Increasing government support to encourage cultivators to adopt modern agricultural practices, as well as the trend of sustainably maximizing agricultural resources, all contribute to the rapid growth of the Brazil agricultural robot market. The widespread use of IoT in a variety of industries, including manufacturing, transportation, and agriculture, as well as the agricultural sector's reliance on technology, engineering, and physical and biological sciences using IoT in research projects, all have an impact on the market for agriculture robots.

Brazil Agriculture Robots Market – Overview

Agriculture robots, also known as Agribots, are one of the newest technological developments in the agriculture industry. Agribots are autonomous machines that are used to increase output quality and efficiency while decreasing the need for manual labor, thereby increasing productivity. Agricultural robots are typically equipped with end effectors or specialized arms for a variety of horticultural tasks like weed control, seeding and planting, aerial data collection, field mapping, fertilizing and irrigation, intercultural operations, harvesting, soil analysis, and environmental monitoring. These machines are also used to wash and milk animals in the dairy farming industry.

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Opportunity: Expanding population and lack of skilled workers in agriculture sector

The agriculture industry is under pressure from Brazil's expanding population and the need to boost productivity from the country's existing farmland. Current factors affecting the agricultural sector include urbanization and changing demographics. The agricultural sector in Brazil makes extensive use of migrant labor, a trend that is also prevalent in other developed countries. Farmer populations are aging, which further reduces the supply of manual labor and contributes to the labor shortage that is now a global problem. Children from farming families frequently move to urban areas in search of better employment opportunities, and younger generations are less likely to continue farming. As a result, modern farmers have had a lot of experience working in the field.

Challenge: Automation costs more for small farms

Smaller farms have been largely left behind by successive waves of automation, which include agriculture robots. A tractor with autopilot capability can cost up to USD 100,000 and frequently does not provide a sufficient Return on Investment for small farmers (RoI). Although auto-steering and drone technologies are among the least expensive and most mature automation solutions, they are still not widely used in small farms. For example, only about 10% of auto-steering technology is used on small farms of 10 to 1000 acres globally (or about 1 million farms out of 10 million). It is expected that as more specialized and expensive robots and software systems are introduced, these farms will fall further behind in terms of technology.

Impact of COVID-19 on Brazil Agriculture Robots Market

The rapid spread of the COVID-19 pandemic had an impact on the Brazilian market for agriculture robots, disrupting the supply chain and damaging several industries. Trade activity has been significantly reduced as a result of international border closures, extensive social distance-building measures, and national lockdowns. This had a significant impact on Brazil for agricultural robots because businesses throughout Brazil were forced to partially or completely shut down. In 2021, the second wave of COVID-19 also disrupted the markets in a number of significant markets, including Brazil. However, due to the rebound in trade activity, the market is likely to experience steady demand growth during the projection period.

Brazil Agriculture Robots Market – By Farming Environment

The outdoor industry dominates the Brazil agriculture robots market. Farmers are using driverless tractors, weeding robots, and fruit harvesters more frequently due to the numerous benefits, which is growing the segment's revenue. Farmers are heavily utilizing outdoor harvesting robots built on mechatronics, nanotechnology, and material science to reduce revenue losses caused by human error. They can grasp and separate fruits without harming them in addition to detecting and analyzing the ripeness of the fruit.

Competitive Landscape

Brazil agriculture robots market is fiercely competitive. Prominent players in the market include John Deere, AGCO, CNH Industrial, Kubota Corporation, Yamaha Motor Co. Ltd, Deere & Company, Lely Group, BouMatic Robotics, GEA Group, DeLaval, AgEagle Aerial Systems, Agrobot, Agrointelli, Agrosavvy, Argus Control Systems, Blue River Technology, DJI, Energid Technologies, and Harvest Automation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Brazil agriculture robots market.

[globalinsightsservices]

Indoor Farming Technology Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031

New York,Global Indoor Farming Technology Market report from Global Insight Services is the single authoritative source of intelligence on Indoor Farming Technology Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Indoor farming technology is the application of modern agricultural techniques and equipment to grow crops indoors, in a controlled environment. This can be done in a variety of settings, including greenhouses, warehouses, and even shipping containers.Key Trends

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Key Trends

The main trends in indoor farming technology are automation, precision farming, and controlled environment agriculture (CEA).

Automation is being used more and more in indoor farming to help reduce labor costs and increase efficiency. Robotics is one area that is seeing a lot of growth in indoor farming, with many developing robots to help with tasks such as planting, thinning, and harvesting.

Precision farming is another key trend in indoor farming technology. This involves using sensors and other data-driven techniques to manage crops more effectively. For example, by monitoring temperature, humidity, and light levels, farmers can make sure that conditions are optimal for plant growth. This can help to improve yields and reduce wastage.

CEA is another important trend in indoor farming technology. This involves controlling the environment in which plants are grown, in order to optimize conditions for growth. For example, by using LED lighting, farmers can reduce energy costs and create the perfect light spectrum for plant growth.

Key Drivers

The key drivers of indoor farming technology market are the ever-increasing demand for food, the need for higher crop yields, and the dwindling land and water resources. The other drivers include the changing climatic conditions, the increasing population, and the need for better quality food.

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Market Segments

By Growing System

Hydroponics

Aeroponics

Aquaponics

Soil-based

Hybrid

By Facility Type

Glass or Poly Greenhouse

Indoor Vertical Farm

Container Farm

Indoor DWC System

By Component

Hardware

Software & Services

By Crop Type

Fruits & vegetables

Herbs & Microgreens

Flowers & Ornamentals

Others

Key Players

Signify Holding

Everlight Electronics

Argus Control Systems

LumiGrow

Netafim

Logiqs

Richel Group

Vertical Farm Systems

Key Players

Signify Holding

Everlight Electronics

Argus Control Systems

LumiGrow

Netafim

Logiqs

Richel Group

Vertical Farm Systems

General Hydroponics

Heliospectra AB

Philips Lighting

GreenPower Farm Systems

Heliospectra

Valoya

GrowGeneration

Hort Americas

LumiGrow

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10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

Free consultation with lead analyst of the report

Excel data pack included with all report purchases

Robust and transparent research methodology

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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Global Insight Services LLC 16192, Coastal Highway, Lewes DE 19958 E-mail: info@globalinsightservices.com Phone: +1–833–761–1700 Website: https://www.globalinsightservices.com/