The Business Research Company’s report on the Smart Harvest Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the smart harvest market’s growth in recent years?
The increasing demand for food is expected to propel the growth of the smart harvest market going forward. Food demand is the amount of food that people are willing and able to buy at a particular price and period. Smart harvesting can help fulfill rising food demand by enhancing agricultural production and efficiency. Smart farming techniques enable farmers to monitor individual plants and alter their nutrition, which helps prevent conditions and improve crop health. It also integrates several advanced technologies that can assist in raising agricultural output and efficiency. For instance, in April 2023, according to the report published by the Food and Agriculture Organization, a Canada-based international organization that leads international efforts to defeat hunger and improve nutrition and food security, global wheat utilization increased from around 762 million tons in 2020/2021 to around 773 million tons in 2021/2022. It is anticipated to increase to 780 million tons in 2022/2023. Therefore, the increasing food demand is driving the growth of the smart harvest market.
Access Your Free Sample of the Global Smart Harvest Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10394&type=smp
How does the future projection of the smart harvest market size compare to its historical growth?
The smart harvest market size has grown rapidly in recent years. It will grow from$17.84 billion in 2024 to $19.95 billion in 2025 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to demand for plant-based proteins, functional properties in food processing, gluten-free and allergen-free alternatives, diverse applications in food products, global expansion of soy production
The smart harvest market size is expected to see rapid growth in the next few years. It will grow to “$32.7 billion in 2029 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to expansion in meat alternatives market, functional and nutritional benefits, research and development, global population growth, sustainable and environmentally friendly practices. Major trends in the forecast period include innovations in food processing, clean label and natural ingredients, diversification of soy flour products, fortification of foods, gluten-free functional properties in food.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=10394&type=smp
Which key players are shaping the future of the smart harvest market?
Major companies operating in the smart harvest market include Robert Bosch GmbH, Agrobot S L, Deere and Company, Harvest Automation Inc., Panasonic Corporation, Root Al Inc., Abundant Robotics Inc., Harvest CROO Robotics LLC, FFRobotics Ltd., Iron Ox Inc., Vision Robotics Corp., Energid Technologies Corp., Metomotion Ltd., Smart Harvest Agritech Ltd., Dogtooth technologies Ltd., Octinion, Ripe Robotics Pty Ltd., Agrobotix LLC, Fieldwork Robotics Ltd., Naio Technologies, FarmWise Labs, Inc., Green Robot Machinery Private Limited, Saga Robotics AS, Harvesting Inc., Octagrow Ltd., Metos Oy AB, Yanmar Co. Ltd., Juniper Systems Inc., Caterpillar Inc., Bobcat Company
What trends will propel the growth and evolution of the smart harvest market?
Product innovations have emerged as a key trend gaining popularity in the smart harvest market. Major market players operating in the smart harvesting sector are developing advanced technology such as the Internet of Things (IoT)-based Smart Kit to optimize agricultural efficiency, monitor crop health in real-time, and enhance overall yield while reducing labor costs. An IoT-based Smart Kit is a technology solution that integrates Internet of Things (IoT) devices and sensors to collect, analyze, and transmit data in real time for various applications. For instance, in March 2023, Krish-e, an India-based agritech company, launched the Krish-e Smart Kit (KSK), an IoT-based Smart Kit. Krish-e Smart Kit (KSK) is designed to provide farmers with real-time insights into soil conditions, moisture levels, and crop health, enabling them to make informed decisions that optimize resource use and improve crop yields. This innovative tool aims to enhance productivity and sustainability in agriculture, empowering farmers with the technology needed to thrive in a competitive market.
Which regions are expected to become dominant players in the smart harvest market?
Western Europe was the largest region in the smart harvest market in 2024. North America is expected to be the fastest-growing region in the global smart harvest market during the forecast period. The regions covered in the smart harvest market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/smart-harvest-global-market-report
What are the emerging key segments in the smart harvest market, and how are they evolving?
The smart harvest market covered in this report is segmented –
1) By Components: Hardware, Software
2) By Crop Type: Fruits, Vegetables
3) By Site Of Operation: On-Field, Greenhouse, Indoor
4) By End Users: Agriculture, Horticulture, Floriculture, Vertical Farming, Other End Users
Subsegments:
1) By Hardware: Sensors, Drones, Automated Machinery, Robotics, GPS Systems
2) By Software: Farm Management Software, Data Analytics Software, Crop Monitoring Applications, Yield Prediction Software, Supply Chain Management Software
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10394
What defines the structure and scope of the smart harvest market?
Smart harvest refers to the use of advanced technologies, such as machine learning, and artificial intelligence to automate and optimize agricultural harvesting processes. It is commonly used to increase the efficiency of harvest processes, reduce labor costs, and improve overall crop quality.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
