What is Smart Harvest Market?
Smart Harvest is defined as the autonomous harvesting robots which harvest fruits as well as vegetables with little or no human intervention. A rise in population has led to increased food demand and area harvested for various crops, labor shortages in farms and increasing demand for fully automated solutions in farms, among others are expected to be among the major growth drivers for the market over the forecast period. The market for the smart harvest is anticipated to register a CAGR of over 13.2% during the forecast period
The market study is being classified and major geographies with country level break-up.
Robert Bosch GmbH (Germany), Deere & Company (United States), Smart Harvest Ltd. (New Zealand), Dogtooth Technologies (United Kingdom), Harvest Automation (United States), Panasonic Corporation (Japan), Agrobot (Spain) and Energid Technologies Corp.(United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are FFRobotics (Israel), Vision Robotics Corp. (United States), Metomotion (Israel), AVL Motion (Netherlands) and Harvest Croo (United States).
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global smart harvest market can witness an upsurge in the forecast period Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Smart Harvest market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Smart Harvest market by Type, Application and Region.
On the basis of geography, the market of Smart Harvest has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Farm Labor Issues Owing to Higher Costs and Availability
- Cost Efficiency Benefits Offered By Smart Harvest Systems
- Favorable Government Initiatives in order to boost the Adoption of Smart Harvest Systems
Market Trend
- Improving Profitability in Farming through the Adoption of Advanced Technologies
Restraints
- Issue related to High Capital Costs Involved in the Deployment of Smart Harvest Technologies
Opportunities
- High-Growth Opportunities for Simpler Harvest Technologies in Emerging Countries
- Rising Growth Opportunities for Automated Harvesting Robots especially in Advanced Countries
- Integration of Artificial Intelligence and Big Data in Farming
Challenges
- Collection, Management, as well as Representation of Data Gathered by Smart Harvest Systems
- Commercial Deployment of Smart Harvest Technologies is a Slow as well as Gradual Process
- Lack of Limited Technical Knowledge Possessed By Farmers toward Smart Harvest Technologies
In September 2018, the Energid Technologies Corporation (United States) Company has launched a new software development kit and framework version of its Actin software. In addition, this new software provides incorporates real-time monitoring, adjustments, and inputs for robots, in which it is installed. Therefore, this product launch will help in strengthening the position of the company in the United States, and In January 2018, the Panasonic Corporation (Japan) Company has revealed a prototype of their new fully autonomous tomato-picking robot in Tokyo. Therefore, this will, in turn, propel the growth of smart harvest market.
Key Target Audience
Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others