Precision Harvesting Market Scope
Precision harvesting can be defined as a modern agricultural cultivation technique that involves the usage of various sensors and cameras to detect the appropriate period of time for cultivation for maximum yield. These sensors help in increasing the efficiency of crops and affecting the crop return by monitoring the soil, temperature, humidity, and monitoring crops.
According to AMA, the Global Precision Harvesting market is expected to see growth rate of 10.8% and may see market size of USD18.0 Billion by 2026.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Precision Harvesting market throughout the predicted period.
Deere & Company (United States), Trimble (United States), AGCO Corporation (United States), AgJunction (United States), Raven Industries (United States), AG Leader (United States), Precision Planting (United States), FFRobotics (Israel), Abundant Robotics, (United States), Harvest Automation (United States), Harvest Croo Robotics (United States) and Vision Robotics Corporation (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Precision Harvesting market by Type (Combine Harvesters, Self-Propelled Forage Harvesters and Harvesting Robots), by Application (Crops, Horticulture, Greenhouse and Others) and Region with country level break-up.
On the basis of geography, the market of Precision Harvesting 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).
In June 2018, AGCO introduced the Fendt IDEAL combine in North America (at the 2018 Canada Farm Progress Show, Saskatchewan).
Market Trend
- Advent of Intelligent Combine Harvesters to Influence Market Expansion
- Increasing Technological Advancement in Precision Harvesting
- Surging Adoption of Automation Systems
Market Drivers
- Increasing Demand for Mechanized Harvesting Owing to Labor Shortage
- Increasing Adoption of Harvesting Robots in Greenhouse and Horticulture
- Government Support for Adopting Modern Harvesting Techniques
Opportunities
- Developing Countries to Offer Significant Growth Opportunities
- Increasing Adoption of Harvesting Robots
Restraints
- High Capital Investments
- Lack of Skills and Technical Awareness among Farmers
Challenges
- Lack of Standardization in and Safety Issues With Precision Harvesting
- Large-Scale Commercialization of Autonomous Harvesting Systems is A Time-Taking Process
Key Target Audience
Precision Harvesting Manufacturers, Raw Material Suppliers of Precision Harvesting, Software Providers, System Integrator and Others