Global Smart Harvest Market

MARKET SCOPE:

The global Smart Harvest market is projected to grow significantly, registering a CAGR of 11.1% during the forecast period (2024 – 2032).

Smart harvesting involves the application of innovative agricultural technologies and methodologies to optimize the harvest process. This approach encompasses the collection of data on crops, soil conditions, and weather patterns, enabling informed decisions on when and how to harvest crops through the integration of various technologies such as sensors, automation, machine learning, and robotics. The goal of smart harvesting is to enhance efficiency, reduce labor costs, and minimize waste by harvesting crops at the optimal time and in the most effective manner possible. By implementing smart harvesting techniques, farmers can elevate the quality and quantity of their crops, leading to increased revenues. The smart harvest industry is anticipated to experience significant growth in the coming years, driven by the widespread adoption of smart harvest technology by farmers and agricultural enterprises. This industry stands to benefit from the continuous advancements in artificial intelligence and machine learning, which contribute to the development of sophisticated and intelligent farming systems capable of adapting to changing climatic conditions and optimizing crop yields.

MARKET OVERVIEW:

Driver: Owing of labor shortages in the agriculture industry, the smart harvest market will drive the market growth.

The agriculture industry is currently experiencing a demand surge for smart harvesting technologies, driven primarily by labor shortages. The market for smart harvest is further propelled by the increasing need for advanced technologies like climate-smart agriculture, aiding farmers in weather forecasting amid ongoing fluctuations in weather patterns. The expansion of the smart harvest industry is also accelerated by technological innovations such as the utilization of harvesting robots in various crops like strawberries, oranges, and apples. The introduction of technologically advanced products of the new generation has the potential to significantly boost the growth of the smart harvest sector. Recognizing harvesting as a pivotal stage in farming, the integration of smart devices such as GPS, sensors, cloud storage, and satellite photos can contribute to enhancing overall production.

Opportunities: The adoption of smart technologies will bolster the market growth in the upcoming years.

The future growth of the market is anticipated to be augmented by the widespread incorporation of intelligent technologies such as artificial intelligence (AI), machine learning (ML), the internet of things (IoT), global positioning systems (GPS), and sensors in the agricultural sector. Increasingly, artificial intelligence and deep learning are finding applications in tasks such as crop health monitoring, yield assessment, as well as in the operations of self-driving smart tractors for cultivation and harvesting. The utilization of artificial intelligence contributes to improving crop quality and plays a crucial role in pest and disease management through early identification, thereby enhancing harvesting processes. The implementation of technological advancements not only reduces the necessity for human intervention but also serves to decrease costs associated with hiring specialized personnel.

COVID IMPACT:

In the agriculture industry, a pivotal consumer of smart harvesting technologies, the pandemic-induced labor shortages became conspicuous. Lockdown measures, social distancing requirements, and apprehensions regarding the health and safety of workers collectively contributed to a diminished availability of manual labor. Consequently, this spurred an increased demand for automated and smart harvesting solutions, as farmers sought alternatives to compensate for the restricted access to traditional labor resources. The imperative for social distancing and a reduced reliance on physical contact in agricultural operations gave rise to an upsurge in the demand for precision agriculture technologies, particularly in the realm of smart harvesting. Farmers, recognizing the need to optimize their operations with minimal human intervention, actively sought solutions that aligned with the principles of precision agriculture, thereby contributing to the overall growth of the smart harvesting market.

However, not all sectors of the agriculture industry swiftly embraced the transition to smart harvesting. Financial uncertainties, stemming from the economic repercussions of the pandemic, led some agricultural enterprises to defer the adoption of new technologies, including smart harvesting solutions. The challenges posed by economic constraints influenced investment decisions, causing delays in the adoption process, particularly in certain regions. One positive outcome of the pandemic was the intensified recognition of the importance of remote monitoring solutions. As farmers sought ways to manage and monitor their fields without physical presence, the adoption of IoT and other remote technologies in smart harvesting experienced a notable acceleration. This shift towards remote monitoring solutions is poised to leave a lasting impact on the landscape of smart harvesting technologies.

SEGMENTATION ANALYSIS:

Fruits and vegetables retained the biggest market share and it is anticipated to grow significantly during the forecast period.

Tomatoes, strawberries, and cucumbers exemplify fruits and vegetables, constituting the most significant market share at approximately 45%. This sector demonstrated a Compound Annual Growth Rate (CAGR) exceeding 9% throughout the projected period from 2024 to 2032. Grains and cereals, represented by crops like wheat, rice, and corn, maintained a market share of nearly 30%, experiencing a notable CAGR of approximately 11%. Oilseeds and pulses, encompassing crops such as soybeans, peanuts, and chickpeas, secured an 18% market share with a CAGR of around 8%.

REGIONAL ANALYSIS:

The Europe region is set to witness significant growth during the forecast period.

In the forecasted period, Europe is anticipated to offer the most promising opportunities, driven by the rapid adoption of advanced harvesting technologies in the region's major economies, contributing to market expansion. Additionally, the increasing population and the demand for higher-yielding crops are key factors fueling the prospective growth of the market. The Asia-Pacific region has witnessed continuous growth in the implementation of smart harvesting mechanisms. This can be attributed to the rising awareness among the younger generation of farmers and aspiring Agri-entrepreneurs about the benefits associated with these intelligent systems. The expanding population, coupled with the growing demand for a diverse array of fruits and vegetables in larger quantities, serves as a motivating factor for farmers in the APAC region to embrace smart harvesting methods.

COMPETITIVE ANALYSIS

The global Smart Harvest market is reasonably competitive with mergers, acquisitions, and product launches. See some of the major key players in the market.

Deere & Company

• On March 2, 2023, John Deere introduced the latest G5 Universal displays, a new JDLink M modem, and has made the StarFire 7000 Universal receiver available as aftermarket options. These choices offer a straightforward way for farmers to upgrade their existing equipment or replace outdated components, enabling them to leverage both current and upcoming technologies.
• On March 2, 2023, the latest inclusion in the See & Spray lineup was unveiled—a new See & Spray Premium performance upgrade kit designed for John Deere self-propelled sprayers. This kit incorporates an artificial intelligence-powered vision system, aiding farmers in enhancing cost efficiency and addressing herbicide resistance through precise application. The technology targets only the weeds, avoiding unnecessary spraying of the entire field.

Abundant Robotics, Inc.

Agrobot

AVL Motion

Dogtooth Technologies Limited

Energid Technologies Corporation

FRobotics

Harvest Automation

Harvest Croo

Iron Ox

Metomotion

Panasonic Corporation

Robert Bosch GmbH

Root AI

Smart harvest Ltd.

Vision Robotics Corp

SCOPE OF THE REPORT

By Technology

• Hardware
• Harvesting Robots
• GPS
• Sensors
• RFID
• Software
• Services

By Crop Type

• Vegetables & Fruits
• Grains & Cereals
• Oilseeds & Pulses
• Others

By Site of Operation

• Greenhouse
• Outdoor
• Indoor

By Region

• North America (the United States & Canada)
• Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
• Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa, and Latin America)

KEY REASONS TO PURCHASE THIS REPORT

It provides a technological development map over time to understand the industry’s growth rate and indicates how the Smart Harvest market is evolving.

The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Smart Harvest submarket will be the main driver of the overall market from 2024 to 2032.

It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.

It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032. Show more