Overview and Scope
An automated harvesting system is an agricultural harvesting equipment that uses various technologies to automate agricultural operations more efficiently. Farmers can save money on labor by using these harvesters. These machines can harvest more fruits and vegetables in less time than an entire team of employees.
Sizing and Forecast
The automated harvesting system market size has grown strongly in recent years. It will grow from $2 billion in 2023 to $2.14 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growth in commercial aviation, military aircraft modernization, rise in air travel, demand for fuel-efficient aircraft, global aerospace industry growth, regulatory standards..
The automated harvesting system market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to research and development investments, rising demand for business jets, global air traffic expansion, innovations in electric vtol aircraft, focus on reliability and safety.. Major trends in the forecast period include hybrid electric propulsion systems, integration of permanent magnet motors, lightweight and compact motor designs, digitalization and condition monitoring, customization for specific aircraft types..
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Segmentation & Regional Insights
The automated harvesting system market covered in this report is segmented –
1) By Components: Energy Harvesting Transducers, Power Management Integrated Circuits (PMIC), Storage Systems
2) By Technology: Light Energy Harvesting, Vibration Energy Harvesting, Radio Frequency Energy Harvesting, Thermal Energy Harvesting, Frequency Energy Harvesting
3) By Application: Horticulture, Greenhouse, Crops, Other Application Types
North America was the largest region in the automated harvesting system market in 2023. The regions covered in the automated harvesting system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increased demand for industrial crops is expected to propel the growth of automated harvesting systems. Industrial crops are crops that are often not offered directly for eating because they must be processed industrially before use, and they include sugarcane, tea, pepper, and coconut. Automated harvesting systems are used to remove crops from the vine. Before removing crops from the vine, the harvesting robot employs computer vision to detect and gauge the ripeness of the fruit. Automated harvesting systems for industrial crops can help increase efficiency and productivity in agriculture. For instance, in December 2021, according to the United States Department of Agriculture, a US-based government organization, cotton production is anticipated to reach 18.3 million 480-pound bales, marking a 25% increase from the 2020 output. Therefore, increased demand for industrial crops is driving the growth of the automated harvesting systems market going forward.
Key Industry Players
Major companies operating in the automated harvesting system market report are ABB Ltd., Honeywell International Inc., Advanced Linear Device Inc., e-peas SA, Analog Device Inc., Texas Instruments Incorporated, Cymbet Corporation, EnOcean GmbH, STMicroelectronics NV, Cypress Semiconductor Corporation, Powercast Corporation, Laird Thermal Electronics Inc., DCO Systems Ltd., Drayson Technologies Ltd., CNH Industrial N.V., 3A Composites India Private Limited, Robert Bosch GmbH, DeepField Robotics, Clearpath Robotics Inc., AgEagle Aerial Systems Inc., BouMatic Robots BV, Deere & Company, Blue River Technology Inc., Parabellum Acquisition Corp., Abundant Robotics Inc., Grownetics Inc., GlobalFoundries Inc., AutoProbe Technologies LLC, YANMAR HOLDINGS CO. LTD., Kubota Agricultural Machinery India Pvt. Ltd.
The automated harvesting system market report table of contents includes:
1. Executive Summary
2. Automated Harvesting System Market Characteristics
3. Automated Harvesting System Market Trends And Strategies
4. Automated Harvesting System Market – Macro Economic Scenario
5. Global Automated Harvesting System Market Size and Growth
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31. Global Automated Harvesting System Market Competitive Benchmarking
32. Global Automated Harvesting System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automated Harvesting System Market
34. Automated Harvesting System Market Future Outlook and Potential Analysis
35. Appendix
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