Smart Harvest Market: Global Industry Analysis and Forecast (2024-2030)

Smart Harvest Market Overview:

In the agricultural area, smart harvest refers to the application of smart technologies such as GPS, cloud machine learning, satellite images, big data, and IoT to increase crop yield. Farmers utilise the smart harvest to track, monitor, and analyse their operations in the field. Fruit and vegetable harvesting with less human intervention is one of the smart harvest technologies. Soil sensors, harvesting robots, control systems, and drones are among the smart harvest components. The smart harvest lowers the cost of manpower in the crop yielding process. Smart technology harvesting aids in the effective control of the agricultural process and increases crop output. The global report on the Smart Harvest Market is come up with the segment analysis based on, component, site of operation, crop type and region.

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Smart Harvest Market Dynamics:

The smart harvest market is expected to grow in response to rising population and increased demand for fruits and vegetables on a huge scale. Smart harvesting technologies are in high demand due to workforce constraints in the agricultural sector. The market for smart harvest is being driven by the growing need for smart technologies such as climate smart agriculture for weather forecasting by farmers due to the constant shift in weather patterns. Furthermore, technology improvements such as harvesting robotics in farming and harvesting of crops such as strawberries, oranges, and apples are boosting the smart harvest market's growth. The smart harvest market is expected to rise in response to increased profitability in the agriculture industry as a result of smart technology implementation.

The introduction of new generation technologically advanced items has the potential to increase smart harvest market growth. Harvesting is one of the most important stages of farming, and smart equipment like as GPS, sensors, cloud storage, and satellite images can help increase yield. Panasonic Corporation, a global pioneer in smart technology, debuted a tomato picking robot in January 2018. To gather ripe tomatoes, the harvesting robot is outfitted with high-resolution cameras, sensors, and an AI system. Furthermore, Sony, a global pioneer in smart technology, announced an agricultural solution for crop management and inventory management in February 2019.

Agriculture is an important source of income in many countries. Furthermore, developing countries engage in large-scale agriculture, resulting in a considerable increase in demand for automation and smart harvesting technology during the forecast period. Farmers will benefit from the usage of smart solutions such as IOT for weather forecasting and crop harvesting. The Internet of Things in harvesting aids in correctly assessing real-time meteorological variables such as rainfall, humidity, and temperature. One of the most common uses of smart harvesting technologies is precision farming. Vehicle tracking, inventory monitoring, and more exact field observation are all part of precision farming's smart harvest. Precision farming aids farmers in determining soil conditions. One of the technologies used in smart harvest is cloud-based data storage. For analysis of livestock and crop conditions, the cloud-based data storage employs data analytics. Smart technologies make the harvesting process easier by lowering labor costs and increasing crop yield.

Smart Harvest Market Segment Analysis:

The Smart Harvest Market is segmented by Component, Site of Operation, and Crop Type.

Based on the Component, the market is segmented into Hardware, and Software. Hardware segment is expected to hold the largest market shares of xx% by 2030. Harvesting robots, automation and control systems, sensors, and imaging systems are among the hardware components of the smart harvest market. Each of the three hardware components is meant to work together to move, identify, and harvest the fruit or vegetable. AI (Artificial Intelligence) integration with smart harvest systems during the forecast period is expected to allow machines to make their own judgments based on the right factors.

Based on the Crop Type, the smart harvest market is segmented into Fruits, and Vegetables. Fruits segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Various harvesting robot technologies are being developed and tested for commercial deployment during the forecast period by manufacturers. Apples, strawberries, and citrus fruits are among the fruits that the current generation of smart harvest systems can gather (lemons and oranges). Smart harvest systems open up new opportunities for combining yield monitoring sensors and ripening controllers across a wide range of fruits.

Smart Harvest Market Regional Insights:

North America and Europe regions are expected to dominate the Smart Harvest market during the forecast period 2024-2030. North America and Europe regions are expected to hold the largest market shares of xx% and xx% by 2027. The smart harvest sector's highest concentration of manufacturers is in Europe and North America, with key industry players maintaining facilities in both regions.

Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. The strong agriculture industry in the Asia Pacific region, as well as an increasing reliance on technology, are expected to boost the smart harvest market's prospects.

The objective of the report is to present a comprehensive analysis of the Smart Harvest Market to the stakeholders in the industry. The report provides trends that are most dominant in the Smart Harvest Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the global market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Smart Harvest Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Smart Harvest Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Smart Harvest Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Smart Harvest Market is aided by legal factors.

Smart Harvest Market Scope:

Smart Harvest Market Key Players

• Robert Bosch GmbH (Germany)
• Deere & Company (US)
• Smart Harvest Ltd. (UK)
• Dogtooth Technologies (UK)
• Harvest Automation (US)
• Panasonic Corporation (Japan)
• Root AI (US)
• Abundant Robotics (US)
• Iron Ox (US)
• Agrobot (Spain)
• Energid Technologies Corp. (US)
• FFRobotics (Israel)
• Vision Robotics Corp. (US)
• Metomotion (Israel)
• AVL Motion (Netherlands)
• Harvest Croo (US)