Smart Harvest Market - A Global and Regional Analysis

Focus on Product and Application, Value Chain, and Country Analysis - Analysis and Forecast, 2022-2027

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A quick peek into the report

Market Report Coverage

Smart Harvest Market
Forecast Period: 2022-2027
CAGR During Forecast Period: 12.50%

Smart Harvest Market

Base Year

2021

Market Size in 2021

$8,380.0 Million

Forecast Period

2022-2027

Value Projection and Estimation by 2027

$16,850.0 Million

CAGR During Forecast Period

12.50%

Number of Tables

114

Number of Pages

212

Number of Figures

24

 

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

The key market players are offering smart harvesters for controlled environment agriculture and on-filed agriculture. Autonomous tractors and smart harvesters are used on-field for harvesting crops such as cotton, nuts, wheat, hemp, and others. These harvesters are fully automated and can automatically set harvesting schedules by collecting data from different software regarding the maturity of crops. Sometimes only one human labor is required along with the robotic harvester during the harvesting cycle. Apart from saving the cost of labor, there are several advantages of using robotic harvesting. The on-field segment captured about 55.56% share in the global smart harvest market in 2021. Also, controlled environment agriculture captured about 44.44% share in the global smart harvest market. Indoor farms, aquaponic and hydroponic farms, vertical farms, greenhouses, nurseries, and hybrid farms come under controlled environment agriculture. Most of these farms run with the help of artificial lights, humidifiers, sprinklers, controllers, monitors, drones, and robots. Since farmers and growers are looking for sustainable ways of agriculture, indoor farming or tech-based farming is gaining popularity. To reduce operational costs, these farms prefer robots to human labor for their operation. Hence, harvesting robots are quite beneficial for these farms.

Some of the established players in this market are:

Controlled Environment Agriculture: Companies Offering Smart Harvesters

•    Agrobot 
•    Harvest Automation 
•    Iron Ox 
•    Dogtooth Technologies Limited
•    MetoMotion
•    Mycionics Inc.
•    Panasonic Holdings Corporation
•    TORTUGA AGRICULTURAL TECHNOLOGIES, INC.

On-Field: Companies Offering Smart Harvesters

•    AVL Motion B.V. 
•    Harvest CROO
•    Cerescon BV
•    Deere & Company
•    Energid Technologies Corporation 
•    FFRobotics 
•    Ripe Robotics
•    Robert Bosch GmbH
•    Vision Robotics Corporation

Companies that are not a part of the previous pool have been well represented across different sections of the report (wherever applicable).

How can this report add value to an organization?

The study provides the reader with a detailed understanding of the different smart harvesters by application and by component.

Product/Innovation Strategy: The product segment helps the reader understand the different types of smart harvest products available to be used in agriculture fields. Moreover, the study provides the reader with a detailed understanding of the different smart harvesters by application (controlled environment agriculture and on-field) and by component (hardware, software, and services). The use of autonomous harvesters can solve the issue of labor shortage on farms and help in the selective harvesting of fruits, vegetables, and crops by reducing the wastage of produces. A combination of different technologies in the smart harvester, such as IoT, AI, sensors, monitors, 3D cameras, and robotic arms with end effectors, is making harvesting easy for farmers.

Growth/Marketing Strategy: The global smart harvest market has seen major development by key players operating in the market, such as product launches, business expansions, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been product launches to strengthen their position in the smart harvest market. For instance, in January 2022, John Deere launched the new John Deere 8R autonomous robotic tractor. This tractor is suitable for large-scale production and will be available for farmers at the end of 2022. John Deere raised the bar for a new level of smart agriculture practice and agriculture autonomy from one of the most trusted as well as recognizable brands worldwide.

Competitive Strategy: Key players in the global smart harvest market analyzed and profiled in the study involve smart harvest manufacturers that provide different types of hardware and software to be used in autonomous harvesters. Moreover, a detailed competitive benchmarking of the players operating in the global smart harvest market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Industry and Technology Overview

The global smart harvest market was valued at $8,380.0 million in 2021 and is projected to reach $16,850.0 million by 2027.

Global Smart Harvest Market Industry Overview

The global smart harvest market was valued at $8,380.0 million in 2021 and is projected to reach $16,850.0 million by 2027, growing at a CAGR of 12.50% during the forecast period 2022-2027. The growth in the global smart harvest market is expected to be driven by the increasing adoption of smart agriculture practices, labor shortage in agriculture farms, and increasing need for sustainable agriculture.

Market Lifecycle Stage

The smart harvest market is in the introductory growth phase. Increased research and development activities in agriculture, rising awareness of tech-based farming, and shortage and aging of agricultural workers in many countries are expected to increase the demand for smart harvesters such as robotic harvesters and automated tractors among farmers and other agriculture companies. Increasing crop production costs and increasing need for workforce automation are further supporting market growth.

Increasing adoption of robotic technology in agriculture practice and the implementation of several sensors as well as 3D imaging in smart farms are some of the major opportunities in the global smart harvest market. Moreover, the smart harvest market has huge opportunities in the Asia-Pacific region since most of the countries located in this region have huge agricultural sectors, which contribute to the nation’s GDP.

Figure 1: Global Smart Harvest Market, $Million, 2021-2027

Smart Harvest Market

Source: Expert Interviews and BIS Research Analysis

Impact

•    North America generated the highest revenue of $2,290.0 million in 2021, which is expected to reach $4,540.0 million by 2027. The region has been experiencing rapid growth in the smart farming industry in the past few years owing to increasing technological advancements and increasing government support for the usage of smart equipment. Owing to several benefits of smart farming, farmer and growers in this region are adopting different technologies on their farms, such as GPS, drones, robots, smart controllers, monitors, and others. All these factors are further influencing the market growth of smart harvest technologies in North America.
•    Furthermore, Europe generated a revenue of $1,740.0 million in 2021 and is expected to grow at a CAGR of 10.37% from 2022 to 2027. High revenue generation was majorly attributed to increasing the use of smart farming systems and increasing investments from the European Commission for IoT-based smart farming. Most of the growth is expected to be driven by Eastern Europe countries in the forecast period.

Impact of COVID-19

The COVID-19 impact on the smart harvest market was there for a short term in 2020 and in 2021. However, the market is anticipated to witness robust growth and recovery with increasing demand for the installation of smart harvest equipment in agricultural farms throughout the world to make optimum utilization of resources with the shortage of skilled labor in the agriculture fields. Hence, the demand for smart harvesters in the agriculture sector is expected to increase during and post-COVID-19 pandemic.

Market Segmentation:

Segmentation 1: by Application
•    Site of Operation
     o    Controlled Environment Agriculture 
     o    On-Field Agriculture
•    Crop Type
     o    Fruits
     o    Vegetables
     o    Others

The global smart harvest market in the application segment has been segmented into the site of operation and crop type segments. Mostly smart harvesters are utilized in controlled environment agriculture to produce fresh fruits and vegetables under artificial conditions with limited labor. Autonomous tractors and other robotic harvesters are further used in the field to harvest cotton, apple, asparagus, and many other crops.

Segmentation 2: by Product
•    Hardware
•    Software
•    Services

Among the three segments, the hardware segment is expected to dominate the global smart harvest market; in 2021, this segment was worth $6,645.0 million. The dominance of the hardware segment is due to the higher usage of robotic arms, robotic chassis, end-effectors, and automation systems, along with monitoring and sensing systems in smart harvest equipment.

Segmentation 3: by Region
•    North America - U.S., Canada, Mexico, and Rest-of-North America
•    Europe - Germany, Spain, France, and Rest-of-Europe
•    China
•    U.K.
•    Asia-Pacific - Japan, India, Australia, and Rest-of-Asia-Pacific
•    South America - Brazil, Argentina, and Rest-of-South America
•    Middle East and Africa - Turkey, South Africa, and Rest-of-Middle East and Africa

The Asia-Pacific region is the fastest-growing market in the smart harvest industry. The rapid change in the climatic conditions, increasing government support, rising need for food security, and increasing need for smart farming are the factors supporting the growth of smart harvest in the region.

Recent Developments in Global Smart Harvest Market

•    In June 2022, Dogtooth Technologies introduced its latest fleet of strawberry-harvesting robots, mainly in the U.K. and Australia, to ease growers’ labor woes.
•    In November 2021, Iron Ox launched Grover, an all-new autonomous mobile robot. Grover is a durable, hygienic as well as highly capable autonomous mobile robot that allows Iron Ox to save water, land, and energy.
•    In November 2021, Fieldin acquired Midnight Robotics to advance its autonomous platforms. This acquisition was aimed at creating a brand-new sensor-based platform with driving technologies to improve the day-to-day management of the farm.
•    In February 2019, OCTINION launched a strawberry-picking robot named Rubion. Rubion navigates through the strawberries, detects the ripe ones, picks the fruits without bruising, and places them in its punnet.

Demand – Drivers and Limitations

Following are the demand drivers for the smart harvest market:

•    High Adoption of Smart Agriculture Technique to Optimize Crop Yield
•    Need for Reducing Crop Production Cost
•    Lack of Sufficient Workforce

The market is expected to face some limitations due to the following challenges:

•    High Cost of Smart Harvesting Equipment
•    Less Adoption among Small-Scale Farmers
•    Technical Complexities Affecting Smart Harvest Adoption

Analyst View

According to Aparajita Borah, Senior Research Associate, BIS Research, “The smart harvest” market is expected to be a great replacement for conventional harvest. Through a better adoption of robotic harvesters and autonomous tractors in, agriculture can be taken to an advanced level. Issues such as labor shortage and demand for fresh produces can also be addressed, which will offer proper food security."

Table of Contents

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1.1    Industry Outlook
         1.1.1    Market Definition
         1.1.2    Ongoing Programs/Ecosystem
                     1.1.2.1    Consortiums and Associations
                     1.1.2.2    Government Initiatives
1.2    Business Dynamics
         1.2.1    Business Drivers
                     1.2.1.1    High Adoption of Smart Agriculture Technique to Optimize Crop Yield
                     1.2.1.2    Need for Reducing Crop Production Cost
                     1.2.1.3    Lack of Sufficient Workforce
         1.2.2    Business Challenges
                     1.2.2.1    High Cost of Smart Harvesting Equipment
                     1.2.2.2    Less Adoption among Small-Scale Farmers
                     1.2.2.3    Technical Complexities Affecting Smart Harvest Adoption
         1.2.3    Market Strategies and Developments
                     1.2.3.1    Business Strategies
                                    1.2.3.1.1    Product Development
                     1.2.3.2    Corporate Strategies
                                    1.2.3.2.1    Mergers and Acquisitions
                                    1.2.3.2.2    Partnerships, Joint Ventures, Collaborations, and Alliances
                                    1.2.3.2.3    Others
         1.2.4    Business Opportunities
                     1.2.4.1    Increasing Adoption of Robotics Technology in Harvesting
                     1.2.4.2    Increased Focus on Sustainable Agriculture Production
1.3    Investment Landscape
         1.3.1    Key Startups in the Ecosystem
         1.3.2    Investment and Funding Analysis
                     1.3.2.1    Investment and Funding Analysis by Company
                     1.3.2.2    Investment and Funding Analysis by Country
1.4    Impact of COVID-19 on Global Smart Harvest Market

2.1    Global Smart Harvest Market (by Application)
         2.1.1    Market Overview
         2.1.2    Site of Operation
                     2.1.2.1    On-Field Agriculture
                     2.1.2.2    Controlled Environment Agriculture
                                    2.1.2.2.1    Greenhouses
                                    2.1.2.2.2    Indoor Farms
         2.1.3    Crop Type
                     2.1.3.1    Fruits
                     2.1.3.2    Vegetables
                     2.1.3.3    Others
2.2    Demand Analysis of the Global Smart Harvest Market (by Site of Operation)
         2.2.1    Demand Analysis of the Global Smart Harvest Market (by Controlled Environment Agriculture)
2.3    Demand Analysis of the Global Smart Harvest Market (by Crop Type)

3.1    Global Smart Harvest Market (by Product)
         3.1.1    Hardware
                     3.1.1.1    Robotic Element
                     3.1.1.2    Automation and Control System
                     3.1.1.3    Sensing and Imaging System
                     3.1.1.4    Other
         3.1.2    Software
         3.1.3    Service
3.2    Demand Analysis of the Global Smart Harvest Market (by Product)
         3.2.1    Demand Analysis of the Global Smart Harvest Market (by Hardware)
3.3    Value Chain Analysis
3.4    Patent Analysis
         3.4.1    Patent Analysis (by Status)
         3.4.2    Patent Analysis (by Patent Office)

4.1    North America
         4.1.1    Market
                     4.1.1.1    Key Manufacturers in North America
                     4.1.1.2    Business Drivers
                     4.1.1.3    Business Challenges
         4.1.2    Application
                     4.1.2.1    North America Smart Harvest Market (by Site of Operation)
                                    4.1.2.1.1    North America Smart Harvest Market (by Controlled Environment Agriculture)
                     4.1.2.2    North America Smart Harvest Market (by Crop Type)
         4.1.3    Product
                     4.1.3.1    North America Smart Harvest Market (by Product)
                                    4.1.3.1.1    North America Smart Harvest Market (by Hardware)
         4.1.4    North America (by Country)
                     4.1.4.1    U.S.
                                    4.1.4.1.1    Market
                                                      4.1.4.1.1.1    Buyer Attributes
                                                      4.1.4.1.1.2    Key Manufacturers Operating in the U.S.
                                                      4.1.4.1.1.3    Business Drivers
                                                      4.1.4.1.1.4    Business Challenges
                                    4.1.4.1.2    Application
                                                      4.1.4.1.2.1    U.S. Smart Harvest Market (by Application)
                     4.1.4.2    Canada
                                    4.1.4.2.1    Market
                                                      4.1.4.2.1.1    Buyer Attributes
                                                      4.1.4.2.1.2    Key Manufacturers Operating in Canada
                                                      4.1.4.2.1.3    Business Drivers
                                                      4.1.4.2.1.4    Business Challenges
                                    4.1.4.2.2    Application
                                                      4.1.4.2.2.1    Canada Smart Harvest Market (by Application)
                     4.1.4.3    Mexico
                                    4.1.4.3.1    Market
                                                      4.1.4.3.1.1    Buyer Attributes
                                                      4.1.4.3.1.2    Key Manufacturers Operating in Mexico
                                                      4.1.4.3.1.3    Business Drivers
                                                      4.1.4.3.1.4    Business Challenges
                                    4.1.4.3.2    Application
                                                      4.1.4.3.2.1    Mexico Smart Harvest Market (by Application)
                     4.1.4.4    Rest-of-North America
                                    4.1.4.4.1    Market
                                                      4.1.4.4.1.1    Buyer Attributes
                                                      4.1.4.4.1.2    Key Manufacturers Operating in the Rest-of-North America
                                                      4.1.4.4.1.3    Business Drivers
                                                      4.1.4.4.1.4    Business Challenges
                                    4.1.4.4.2    Application
                                                      4.1.4.4.2.1    Rest of North America Smart Harvest Market (by Application)
4.2    South America
         4.2.1    Market
                     4.2.1.1    Key Manufacturers in South America
                     4.2.1.2    Business Drivers
                     4.2.1.3    Business Challenges
         4.2.2    Application
                     4.2.2.1    South America Smart Harvest Market (by Site of Operation)
                                    4.2.2.1.1    South America Smart Harvest Market (by Controlled Environment Agriculture)
                     4.2.2.2    South America Smart Harvest Market (by Crop Type)
         4.2.3    Product
                     4.2.3.1.1    South America Smart Harvest Market (by Product)
                                       4.2.3.1.1.1    South America Smart Harvest Market (by Hardware)
         4.2.4    South America (by Country)
                     4.2.4.1    Brazil
                                    4.2.4.1.1    Market
                                                      4.2.4.1.1.1    Buyer Attributes
                                                      4.2.4.1.1.2    Key Manufacturers Operating in Brazil
                                                      4.2.4.1.1.3    Business Drivers
                                                      4.2.4.1.1.4    Business Challenges
                                    4.2.4.1.2    Application
                                                      4.2.4.1.2.1    Brazil Smart Harvest Market (by Crop Type)
                     4.2.4.2    Argentina
                                    4.2.4.2.1    Market
                                                      4.2.4.2.1.1    Buyer Attributes
                                                      4.2.4.2.1.2    Key Manufacturers Operating in Argentina
                                                      4.2.4.2.1.3    Business Drivers
                                                      4.2.4.2.1.4    Business Challenges
                                    4.2.4.2.2    Application
                                                      4.2.4.2.2.1    Argentina Smart Harvest Market (by Crop Type)
                     4.2.4.3    Rest-of-South America
                                    4.2.4.3.1    Market
                                                      4.2.4.3.1.1    Buyer Attributes
                                                      4.2.4.3.1.2    Key Manufacturers Operating in the Rest-of-South America
                                                      4.2.4.3.1.3    Business Drivers
                                                      4.2.4.3.1.4    Business Challenges
                                    4.2.4.3.2    Application
                                                      4.2.4.3.2.1    Rest-of-South America Smart Harvest Market (by Crop Type)
4.3    Europe
         4.3.1    Market
                     4.3.1.1    Key Manufacturers in Europe
                     4.3.1.2    Business Drivers
                     4.3.1.3    Business Challenges
         4.3.2    Application
                     4.3.2.1    Europe Smart Harvest Market (by Site of Operation)
                                    4.3.2.1.1    Europe Smart Harvest Market (by Controlled Environment Agriculture)
                     4.3.2.2    Europe Smart Harvest Market (by Crop Type)
         4.3.3    Product
                     4.3.3.1    Europe Smart Harvest Market (by Product)
                                    4.3.3.1.1    Europe Smart Harvest Market (by Hardware)
         4.3.4    Europe (by Country)
                     4.3.4.1    Germany
                                    4.3.4.1.1    Market
                                                      4.3.4.1.1.1    Buyer Attributes
                                                      4.3.4.1.1.2    Key Manufacturers Operating in Germany
                                                      4.3.4.1.1.3    Business Drivers
                                                      4.3.4.1.1.4    Business Challenges
                                    4.3.4.1.2    Application
                                                      4.3.4.1.2.1    Germany Smart Harvest Market (by Crop Type)
                     4.3.4.2    France
                                    4.3.4.2.1    Market
                                                      4.3.4.2.1.1    Buyer Attributes
                                                      4.3.4.2.1.2    Key Manufacturers Operating in France
                                                      4.3.4.2.1.3    Business Drivers
                                                      4.3.4.2.1.4    Business Challenges
                                    4.3.4.2.2    Application
                                                      4.3.4.2.2.1    France Smart Harvest Market (by Crop Type)
                     4.3.4.3    Spain
                                    4.3.4.3.1    Market
                                                      4.3.4.3.1.1    Buyer Attributes
                                                      4.3.4.3.1.2    Key Manufacturers Operating in Spain
                                                      4.3.4.3.1.3    Business Drivers
                                                      4.3.4.3.1.4    Business Challenges
                                    4.3.4.3.2    Application
                                                      4.3.4.3.2.1    Spain Smart Harvest Market (by Crop Type)
                     4.3.4.4    Rest-of-Europe
                                    4.3.4.4.1    Market
                                                      4.3.4.4.1.1    Buyer Attributes
                                                      4.3.4.4.1.2    Key Manufacturers Operating in the Rest-of-Europe
                                                      4.3.4.4.1.3    Business Drivers
                                                      4.3.4.4.1.4    Business Challenges
                                    4.3.4.4.2    Application
                                                      4.3.4.4.2.1    Rest-of-Europe Smart Harvest Market (by Crop Type)
4.4    U.K.
         4.4.1    Markets
                     4.4.1.1    Buyer Attributes
                     4.4.1.2    Key Manufacturers in the U.K.
                     4.4.1.3    Business Drivers
                     4.4.1.4    Business Challenges
         4.4.2    Application
                     4.4.2.1    U.K. Smart Harvest Market (by Site of Operation)
                                    4.4.2.1.1    U.K. Smart harvest Market (by Controlled Environment Agriculture)
                     4.4.2.2    U.K. Smart Harvest Market (by Crop Type)
         4.4.3    Product
                     4.4.3.1    U.K. Smart Harvest Market (by Product)
                     4.4.3.2    U.K. Smart Harvest Market (by Hardware)
4.5    Middle East and Africa
         4.5.1    Market
                     4.5.1.1    Key Manufacturers in the Middle East and Africa
                     4.5.1.2    Business Drivers
                     4.5.1.3    Business Challenges
         4.5.2    Application
                     4.5.2.1    Middle East and Africa Smart Harvest Market (by Site of Operation)
                                    4.5.2.1.1    Middle East and Africa Smart Harvest Market (by Controlled Environment Agriculture)
                     4.5.2.2    Middle East and Africa Smart Harvest Market (by Crop Type)
         4.5.3    Product
                     4.5.3.1    Middle East and Africa Smart Harvest Market (by Product)
                                    4.5.3.1.1    Middle East and Africa Smart Harvest Market (by Hardware)
         4.5.4    Middle East and Africa (by Country)
                     4.5.4.1    South Africa
                                    4.5.4.1.1    Market
                                                      4.5.4.1.1.1    Buyer Attributes
                                                      4.5.4.1.1.2    Key Manufacturers Operating in South Africa
                                                      4.5.4.1.1.3    Business Drivers
                                                      4.5.4.1.1.4    Business Challenges
                                    4.5.4.1.2    Application
                                                      4.5.4.1.2.1    South Africa Smart Harvest Market (by Crop Type)
                     4.5.4.2    Turkey
                                    4.5.4.2.1    Market
                                                      4.5.4.2.1.1    Buyer Attributes
                                                      4.5.4.2.1.2    Key Manufacturers Operating in Turkey
                                                      4.5.4.2.1.3    Business Drivers
                                                      4.5.4.2.1.4    Business Challenges
                                    4.5.4.2.2    Application
                                                      4.5.4.2.2.1    Turkey Smart Harvest Market (by Crop Type)
                     4.5.4.3    Rest-of-Middle East and Africa
                                    4.5.4.3.1    Market
                                                      4.5.4.3.1.1    Buyer Attributes
                                                      4.5.4.3.1.2    Key Manufacturers Operating in Rest-of-Middle East and Africa
                                                      4.5.4.3.1.3    Business Drivers
                                                      4.5.4.3.1.4    Business Challenges
                                    4.5.4.3.2    Application
                                                      4.5.4.3.2.1    Rest-of-Middle East and Africa Smart Harvest Market (by Crop Type)
4.6    China
         4.6.1    Markets
                     4.6.1.1    Buyer Attributes
                     4.6.1.2    Key Manufacturers in China
                     4.6.1.3    Business Drivers
                     4.6.1.4    Business Challenges
         4.6.2    Application
                     4.6.2.1    China Smart Harvest Market (by Site of Operation)
                                    4.6.2.1.1    China Smart Harvest Market (by Controlled Environment Agriculture)
                     4.6.2.2    China Smart Harvest Market (by Crop Type)
         4.6.3    Product
                     4.6.3.1    China Smart Harvest Market (by Product)
                                    4.6.3.1.1    China Smart Harvest Market (by Hardware)
4.7    Asia-Pacific
         4.7.1    Market
                     4.7.1.1    Key Manufacturers in Asia-Pacific
                     4.7.1.2    Business Drivers
                     4.7.1.3    Business Challenges
         4.7.2    Application
                     4.7.2.1    Asia-Pacific Smart Harvest Market (by Site of Operation)
                                    4.7.2.1.1    Asia-Pacific Smart Harvest Market (by Controlled Environment Agriculture)
                     4.7.2.2    Asia-Pacific Smart Harvest Market (by Crop Type)
         4.7.3    Product
                     4.7.3.1    Asia-Pacific Smart Harvest Market (by Product)
                                    4.7.3.1.1    Asia-Pacific Smart Harvest Market (by Hardware)
         4.7.4    Asia-Pacific (by Country)
                     4.7.4.1    Japan
                                    4.7.4.1.1    Market
                                                      4.7.4.1.1.1    Buyer Attributes
                                                      4.7.4.1.1.2    Key Manufacturers Operating in Japan
                                                      4.7.4.1.1.3    Business Drivers
                                                      4.7.4.1.1.4    Business Challenges
                                    4.7.4.1.2    Application
                                                      4.7.4.1.2.1    Japan Smart Harvest Market (by Crop Type)
                     4.7.4.2    India
                                    4.7.4.2.1    Market
                                                      4.7.4.2.1.1    Buyer Attributes
                                                      4.7.4.2.1.2    Key Manufacturers Operating in India
                                                      4.7.4.2.1.3    Business Drivers
                                                      4.7.4.2.1.4    Business Challenges
                                    4.7.4.2.2    Application
                                                      4.7.4.2.2.1    India Smart Harvest Market (by Crop Type)
                      4.7.4.3    Australia
                                    4.7.4.3.1    Market
                                                      4.7.4.3.1.1    Buyer Attributes
                                                      4.7.4.3.1.2    Key Manufacturers Operating in Australia
                                                      4.7.4.3.1.3    Business Drivers
                                                      4.7.4.3.1.4    Business Challenges
                                    4.7.4.3.2    Application
                                                      4.7.4.3.2.1    Australia Smart Harvest Market (by Crop Type)
                     4.7.4.4    Rest-of-Asia-Pacific
                                    4.7.4.4.1    Market
                                                      4.7.4.4.1.1    Buyer Attributes
                                                      4.7.4.4.1.2    Key Manufacturers Operating in Rest-of-Asia-Pacific
                                                      4.7.4.4.1.3    Business Drivers
                                                      4.7.4.4.1.4    Business Challenges
                                    4.7.4.4.2    Application
                                                      4.7.4.4.2.1    Rest-of-Asia-Pacific Smart Harvest Market (by Crop Type)

5.1    Competitive Benchmarking
5.2    Market Share Analysis
5.3    Company Profiles
         5.3.1    Application 1 - Controlled Environment Agriculture
                     5.3.1.1    Agrobot
                                    5.3.1.1.1    Company Overview
                                                      5.3.1.1.1.1    Role of Agrobot in the Global Smart Harvest Market
                                                      5.3.1.1.1.2    Product Portfolio
                                    5.3.1.1.2    Analyst View
                     5.3.1.2    Harvest Automation
                                    5.3.1.2.1    Company Overview
                                                      5.3.1.2.1.1    Role of Harvest Automation in the Global Smart Harvest Market
                                                      5.3.1.2.1.2    Product Portfolio
                                    5.3.1.2.2    Analyst View
                     5.3.1.3    Iron Ox
                                    5.3.1.3.1    Company Overview
                                                      5.3.1.3.1.1    Role of Iron Ox in the Global Smart Harvest Market
                                                      5.3.1.3.1.2    Product Portfolio
                                    5.3.1.3.2    Business Strategies
                                                      5.3.1.3.2.1    Product Developments
                                                      5.3.1.3.2.2    Market Development
                                    5.3.1.3.3    Analyst View
                     5.3.1.4    Dogtooth Technologies Limited
                                    5.3.1.4.1    Company Overview
                                                      5.3.1.4.1.1    Role of Dogtooth Technologies Limited in the Global Smart Harvest Market
                                                      5.3.1.4.1.2    Product Portfolio
                                    5.3.1.4.2    Business Strategies
                                                      5.3.1.4.2.1    Product Developments
                                    5.3.1.4.3    Analyst View
                     5.3.1.5    MetoMotion
                                    5.3.1.5.1    Company Overview
                                                      5.3.1.5.1.1    Role of MetoMotion in the Global Smart Harvest Market
                                                      5.3.1.5.1.2    Product Portfolio
                                    5.3.1.5.2    Corporate Strategies
                                                      5.3.1.5.2.1    Partnerships
                                    5.3.1.5.3    Analyst View
                     5.3.1.6    Mycionics Inc.
                                    5.3.1.6.1    Company Overview
                                                      5.3.1.6.1.1    Role of Mycionics Inc. in the Global Smart Harvest Market
                                                      5.3.1.6.1.2    Product Portfolio
                                    5.3.1.6.2    Key Investments
                                    5.3.1.6.3    Analyst View
                     5.3.1.7    Panasonic Holdings Corporation
                                    5.3.1.7.1    Company Overview
                                                      5.3.1.7.1.1    Role of Panasonic Holdings Corporation in the Global Smart Harvest Market
                                                      5.3.1.7.1.2    Product Portfolio
                                    5.3.1.7.2    Business Strategy
                                                      5.3.1.7.2.1    Product Development
                                    5.3.1.7.3    Analyst View
                     5.3.1.8    TORTUGA AGRICULTURAL TECHNOLOGIES, INC.
                                    5.3.1.8.1    Company Overview
                                                      5.3.1.8.1.1    Role of TORTUGA AGRICULTURAL TECHNOLOGIES, INC. in the Global Smart Harvest Market
                                                      5.3.1.8.1.2    Product Portfolio
                                    5.3.1.8.2    Key Investments
                                    5.3.1.8.3    Analyst View
         5.3.2    Application 2 - On-Field
                     5.3.2.1    AVL Motion B.V.
                                    5.3.2.1.1    Company Overview
                                                      5.3.2.1.1.1    Role of AVL Motion B.V. in the Global Smart Harvest Market
                                                      5.3.2.1.1.2    Product Portfolio
                                    5.3.2.1.2    Business Strategy
                                                      5.3.2.1.2.1    Product Development
                                    5.3.2.1.3    Analyst View
                     5.3.2.2    Harvest CROO
                                    5.3.2.2.1    Company Overview
                                                      5.3.2.2.1.1    Role of Harvest CROO in the Global Smart Harvest Market
                                                      5.3.2.2.1.2    Product Portfolio
                                    5.3.2.2.2    Corporate Strategy
                                                      5.3.2.2.2.1    Partnership
                                    5.3.2.2.3    Analyst View
                     5.3.2.3    Cerescon BV
                                    5.3.2.3.1    Company Overview
                                                      5.3.2.3.1.1    Role of Cerescon BV in the Global Smart Harvest Market
                                                      5.3.2.3.1.2    Product Portfolio
                                    5.3.2.3.2    Analyst View
                     5.3.2.4    Deere & Company
                                    5.3.2.4.1    Company Overview
                                                      5.3.2.4.1.1    Role of Deere & Company in the Global Smart Harvest Market
                                                      5.3.2.4.1.2    Product Portfolio
                                    5.3.2.4.2    Business Strategies
                                                      5.3.2.4.2.1    Product Developments
                                    5.3.2.4.3    Corporate Strategy
                                                      5.3.2.4.3.1    Acquisitions
                                                      5.3.2.4.3.2    Joint Venture
                                    5.3.2.4.4    Analyst View
                     5.3.2.5    Energid Technologies Corporation
                                    5.3.2.5.1    Company Overview
                                                      5.3.2.5.1.1    Role of Energid Technologies Corporation in the Global Smart Harvest Market
                                                      5.3.2.5.1.2    Product Portfolio
                                    5.3.2.5.2    Business Strategies
                                                      5.3.2.5.2.1    Product Developments
                                    5.3.2.5.3    Corporate Strategies
                                                      5.3.2.5.3.1    Partnerships
                                    5.3.2.5.4    Analyst View
                     5.3.2.6    FFRobotics
                                    5.3.2.6.1    Company Overview
                                                      5.3.2.6.1.1    Role of FFRobotics in the Global Smart Harvest Market
                                                      5.3.2.6.1.2    Product Portfolio
                                    5.3.2.6.2    Analyst View
                     5.3.2.7    Ripe Robotics
                                    5.3.2.7.1    Company Overview
                                                      5.3.2.7.1.1    Role of Ripe Robotics in the Global Smart Harvest Market
                                                      5.3.2.7.1.2    Product Portfolio
                                    5.3.2.7.2    Key Investments
                                    5.3.2.7.3    Analyst View
                     5.3.2.8    Robert Bosch GmbH
                                    5.3.2.8.1    Company Overview
                                                      5.3.2.8.1.1    Role of Robert Bosch GmbH in the Global Smart Harvest Market
                                                      5.3.2.8.1.2    Product Portfolio
                                    5.3.2.8.2    Business Strategy
                                                      5.3.2.8.2.1    Product Development
                                    5.3.2.8.3    Analyst View
                     5.3.2.9    Vision Robotics Corporation
                                    5.3.2.9.1    Company Overview
                                                      5.3.2.9.1.1    Role of Vision Robotics Corporation in the Global Smart Harvest Market
                                                      5.3.2.9.1.2    Product Portfolio
                                    5.3.2.9.2    Analyst View
         5.3.3    Application 3 - Controlled Environment Agriculture and On-Field
                     5.3.3.1    Advanced Farms Technologies, Inc.
                                    5.3.3.1.1    Company Overview
                                                      5.3.3.1.1.1    Role of Advanced Farms Technologies, Inc. in the Global Smart Harvest Market
                                                     5.3.3.1.1.2    Product Portfolio
                                    5.3.3.1.2    Key Investments
                                    5.3.3.1.3    Analyst View
                     5.3.3.2    Antobot
                                    5.3.3.2.1    Company Overview
                                                      5.3.3.2.1.1    Role of Antobot in the Global Smart Harvest Market
                                                      5.3.3.2.1.2    Product Portfolio
                                    5.3.3.2.2    Key Investments
                                    5.3.3.2.3    Analyst View
                     5.3.3.3    Exabit Systems Pvt. Ltd.
                                    5.3.3.3.1    Company Overview
                                                      5.3.3.3.1.1    Role of Exabit Systems Pvt. Ltd. in the Global Smart Harvest Market
                                                      5.3.3.3.1.2    Product Portfolio
                                    5.3.3.3.2    Analyst View
                     5.3.3.4    OCTINION
                                    5.3.3.4.1    Company Overview
                                                      5.3.3.4.1.1    Role of OCTINION in the Global Smart Harvest Market
                                                      5.3.3.4.1.2    Product Portfolio
                                    5.3.3.4.2    Business Strategy
                                                      5.3.3.4.2.1    Product Development
                                    5.3.3.4.3    Corporate Strategy
                                                      5.3.3.4.3.1    Merger
                                    5.3.3.4.4    Analyst View

6.1    Data Sources
         6.1.1    Primary Data Sources
         6.1.2    Secondary Data Sources
         6.1.3    Data Triangulation
6.2    Market Estimation and Forecast
         6.2.1    Factors for Data Prediction and Modelling

Table 1:    Key Consortiums and Associations in the Global Smart Harvest Market
Table 2:    Government Initiatives toward Global Smart Harvest Market
Table 3:    Product Development (by Company), January 2018-August 2022
Table 4:    Partnerships, Collaborations, and Joint Ventures (by Company), January 2018-August 2022
Table 5:    Impact of Automation on Harvesting Costs for Selected Crops
Table 6:    Government Initiatives for Sustainable Food Production
Table 7:    Key Investments in the Ecosystem, 2019-2022
Table 8:    Companies Offering Smart Harvesters for On-Field Agriculture
Table 9:    Companies Offering Smart Harvesters for Controlled Environment Agriculture
Table 10:    Global Smart Harvest Market (by Site of Operation), $Million, 2021-2027
Table 11:    Global Smart Harvest Market (by Controlled Environment Agriculture), $Million, 2021-2027
Table 12:    Global Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 13:    Global Smart Harvest Market (by Product), $Million, 2021-2027
Table 14:    Global Smart Harvest Market (by Hardware), $Million, 2021-2027
Table 15:    Global Smart Harvest Market (by Region), $Million, 2021-2027
Table 16:    North America Smart Harvest Market (by Site of Operation), $Million, 2021-2027
Table 17:    North America Smart Harvest Market (by Controlled Environment Agriculture), $Million, 2021-2027
Table 18:    North America Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 19:    North America Smart Harvest Market (by Product), $Million, 2021-2027
Table 20:    North America Smart Harvest Market (by Hardware), $Million, 2021-2027
Table 21:    North America Smart Harvest Market (by Country), $Million, 2021-2027
Table 22:    U.S. Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 23:    Canada Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 24:    Mexico Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 25:    Rest of North America Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 26:    South America Smart Harvest Market (by Site of Operation), $Million, 2021-2027
Table 27:    South America Smart Harvest Market (by Controlled Environment Agriculture), $Million, 2021-2027
Table 28:    South America Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 29:    South America Smart Harvest Market (by Product), $Million, 2021-2027
Table 30:    South America Smart Harvest Market (by Hardware), $Million, 2021-2027
Table 31:    South America Smart Harvest Market (by Country), $Million, 2021-2027
Table 32:    Brazil Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 33:    Argentina Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 34:    Rest-of-South America Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 35:    Europe Smart Harvest Market (by Site of Operation), $Million, 2021-2027
Table 36:    Europe Smart Harvest Market (by Controlled Environment Agriculture), $Million, 2021-2027
Table 37:    Europe Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 38:    Europe Smart Harvest Market (by Product), $Million, 2021-2027
Table 39:    Europe Smart Harvest Market (by Hardware), $Million, 2021-2027
Table 40:    Europe Smart Harvest Market (by Country), $Million, 2021-2027
Table 41:    Germany Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 42:    France Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 43:    Spain Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 44:    Rest-of-Europe Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 45:    U.K. Smart harvest Market (by Site of Operation), $Million, 2021-2027
Table 46:    U.K. Smart harvest Market (by Controlled Environment Agriculture), $Million, 2021-2027
Table 47:    U.K. Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 48:    U.K. Smart Harvest Market (by Product), $Million, 2021-2027
Table 49:    U.K. Smart Harvest Market (by Hardware), $Million, 2021-2027
Table 50:    Middle East and Africa Smart Harvest Market (by Site of Operation), $Million, 2021-2027
Table 51:    Middle East and Africa Smart Harvest Market (by Controlled Environment Agriculture), $Million, 2021-2027
Table 52:    Middle East and Africa Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 53:    Middle East and Africa Smart Harvest Market (by Product), $Million, 2021-2027
Table 54:    Middle East and Africa Smart Harvest Market (by Hardware), $Million, 2021-2027
Table 55:    Middle East and Africa Smart Harvest Market (by Country), $Million, 2021-2027
Table 56:    South Africa Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 57:    Turkey Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 58:    Rest-of-Middle East and Africa Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 59:    China Smart Harvest Market (by Site of Operation), $Million, 2021-2027
Table 60:    China Smart Harvest Market (by Controlled Environment Agriculture), $Million, 2021-2027
Table 61:    China Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 62:    China Smart Harvest Market (by Product), $Million, 2021-2027
Table 63:    China Smart Harvest Market (by Hardware), $Million, 2021-2027
Table 64:    Asia-Pacific Smart Harvest Market (by Site of Operation), $Million, 2021-2027
Table 65:    Asia-Pacific Smart Harvest Market (by Controlled Environment Agriculture), $Million, 2021-2027
Table 66:    Asia-Pacific Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 67:    Asia-Pacific Smart Harvest Market (by Product), $Million, 2021-2027
Table 68:    Asia-Pacific Smart Harvest Market (by Hardware), $Million, 2021-2027
Table 69:    Asia-Pacific Smart Harvest Market (by Country), $Million, 2021-2027
Table 70:    Japan Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 71:    India Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 72:    Australia Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 73:    Rest-of-Asia-Pacific Smart Harvest Market (by Crop Type), $Million, 2021-2027
Table 74:    Agrobot: Product Portfolio
Table 75:    Harvest Automation: Product Portfolio
Table 76:    Iron Ox: Product Portfolio
Table 77:    Product Developments
Table 78:    Iron Ox: Expansion
Table 79:    Dogtooth Technologies Limited: Product Portfolio
Table 80:    Product Developments
Table 81:    MetoMotion: Product Portfolio
Table 82:    MetoMotion: Partnerships
Table 83:    Mycionics Inc.: Product Portfolio
Table 84:    Mycionics Inc.: Key Investments
Table 85:    Panasonic Holdings Corporation: Product Portfolio
Table 86:    Panasonic Holdings Corporation: Product Development
Table 87:    TORTUGA AGRICULTURAL TECHNOLOGIES, INC.: Product Portfolio
Table 88:    TORTUGA AGRICULTURAL TECHNOLOGIES, INC.: Key Investments
Table 89:    AVL Motion B.V.: Product Portfolio
Table 90:    AVL Motion B.V.: Product Development
Table 91:    Harvest CROO: Product Portfolio
Table 92:    Harvest Croo.: Partnership
Table 93:    Cerescon BV: Product Portfolio
Table 94:    Deere & Company: Product Portfolio
Table 95:    Product Developments
Table 96:    Deere & Company: Acquisitions
Table 97:    Deere & Company: Joint Venture
Table 98:    Energid Technologies Corporation: Product Portfolio
Table 99:    Energid Technologies Corporation: Product Developments
Table 100:    Energid Technologies Corporation: Partnerships
Table 101:    FFRobotics: Product Portfolio
Table 102:    Ripe Robotics: Product Portfolio
Table 103:    Ripe Robotics: Key Investments
Table 104:    Robert Bosch GmbH: Product Portfolio
Table 105:    Robert Bosch GmbH: Product Development
Table 106:    Vision Robotics Corporation: Product Portfolio
Table 107:    Advanced Farms Technologies, Inc.: Product Portfolio
Table 108:    Advanced Farms Technologies, Inc.: Key Investments
Table 109:    Antobot: Product Portfolio
Table 110:    Antobot: Key Investments
Table 111:    Exabit Systems Pvt. Ltd.: Product Portfolio
Table 112:    OCTINION: Product Portfolio
Table 113:    OCTINION: Product Development
Table 114:    OCTINION: Merger

Figure 1:    Global Smart Harvest Market, $Million, 2021-2027
Figure 2:    Market Drivers and Challenges in the Global Smart Harvest Market
Figure 3:    Global Smart Harvest Market (by Product), $Million, 2021-2027
Figure 4:    Global Smart Harvest Market (by Application), $Million, 2021-2027
Figure 5:    Global Smart Harvest Market (by Region), $Million, 2021
Figure 6:    Global Smart Harvest Market Coverage
Figure 7:    Employment in Agriculture (Percentage of Total Employment), 2015-2019
Figure 8:    Share of Key Market Strategies and Developments, January 2018-August 2022
Figure 9:    Product Developments (by Company), January 2019-July 2022
Figure 10:    Global Smart Harvest Market: Investment and Funding in $Million, January 2019-August 2022
Figure 11:    Investment and Funding Landscape Share (by Company), %, January2019-August2022
Figure 12:    Investment and Funding (by Country), January 2019-August 2022
Figure 13:    Global Smart Harvest Market (by Application)
Figure 14:    Global Smart Harvest Market (by Site of Operation)
Figure 15:    Global Smart Harvest Market (by Crop Type)
Figure 16:    Global Smart Harvest Market (by Product)
Figure 17:    Smart Harvest Value Chain
Figure 18:    Patents Filed or Granted for the Global Smart Harvest Market, January 2019-July 2022
Figure 19:    Patent Analysis (by Status), January 2019-July 2022
Figure 20:    Patent Analysis (by Patent Office), January 2019-July 2022
Figure 21:    Competitive Market High and Low Matrix
Figure 22:    Data Triangulation
Figure 23:    Top-Down and Bottom-Up Approach
Figure 24:    Assumptions and Limitations

Market Report Coverage

Smart Harvest Market

Base Year

2021

Market Size in 2021

$8,380.0 Million

Forecast Period

2022-2027

Value Projection and Estimation by 2027

$16,850.0 Million

CAGR During Forecast Period

12.50%

Number of Tables

114

Number of Pages

212

Number of Figures

24

 

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

The key market players are offering smart harvesters for controlled environment agriculture and on-filed agriculture. Autonomous tractors and smart harvesters are used on-field for harvesting crops such as cotton, nuts, wheat, hemp, and others. These harvesters are fully automated and can automatically set harvesting schedules by collecting data from different software regarding the maturity of crops. Sometimes only one human labor is required along with the robotic harvester during the harvesting cycle. Apart from saving the cost of labor, there are several advantages of using robotic harvesting. The on-field segment captured about 55.56% share in the global smart harvest market in 2021. Also, controlled environment agriculture captured about 44.44% share in the global smart harvest market. Indoor farms, aquaponic and hydroponic farms, vertical farms, greenhouses, nurseries, and hybrid farms come under controlled environment agriculture. Most of these farms run with the help of artificial lights, humidifiers, sprinklers, controllers, monitors, drones, and robots. Since farmers and growers are looking for sustainable ways of agriculture, indoor farming or tech-based farming is gaining popularity. To reduce operational costs, these farms prefer robots to human labor for their operation. Hence, harvesting robots are quite beneficial for these farms.

Some of the established players in this market are:

Controlled Environment Agriculture: Companies Offering Smart Harvesters

•    Agrobot 
•    Harvest Automation 
•    Iron Ox 
•    Dogtooth Technologies Limited
•    MetoMotion
•    Mycionics Inc.
•    Panasonic Holdings Corporation
•    TORTUGA AGRICULTURAL TECHNOLOGIES, INC.

On-Field: Companies Offering Smart Harvesters

•    AVL Motion B.V. 
•    Harvest CROO
•    Cerescon BV
•    Deere & Company
•    Energid Technologies Corporation 
•    FFRobotics 
•    Ripe Robotics
•    Robert Bosch GmbH
•    Vision Robotics Corporation

Companies that are not a part of the previous pool have been well represented across different sections of the report (wherever applicable).

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of smart harvest products available to be used in agriculture fields. Moreover, the study provides the reader with a detailed understanding of the different smart harvesters by application (controlled environment agriculture and on-field) and by component (hardware, software, and services). The use of autonomous harvesters can solve the issue of labor shortage on farms and help in the selective harvesting of fruits, vegetables, and crops by reducing the wastage of produces. A combination of different technologies in the smart harvester, such as IoT, AI, sensors, monitors, 3D cameras, and robotic arms with end effectors, is making harvesting easy for farmers.

Growth/Marketing Strategy: The global smart harvest market has seen major development by key players operating in the market, such as product launches, business expansions, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been product launches to strengthen their position in the smart harvest market. For instance, in January 2022, John Deere launched the new John Deere 8R autonomous robotic tractor. This tractor is suitable for large-scale production and will be available for farmers at the end of 2022. John Deere raised the bar for a new level of smart agriculture practice and agriculture autonomy from one of the most trusted as well as recognizable brands worldwide.

Competitive Strategy: Key players in the global smart harvest market analyzed and profiled in the study involve smart harvest manufacturers that provide different types of hardware and software to be used in autonomous harvesters. Moreover, a detailed competitive benchmarking of the players operating in the global smart harvest market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Industry and Technology Overview

Global Smart Harvest Market Industry Overview

The global smart harvest market was valued at $8,380.0 million in 2021 and is projected to reach $16,850.0 million by 2027, growing at a CAGR of 12.50% during the forecast period 2022-2027. The growth in the global smart harvest market is expected to be driven by the increasing adoption of smart agriculture practices, labor shortage in agriculture farms, and increasing need for sustainable agriculture.

Market Lifecycle Stage

The smart harvest market is in the introductory growth phase. Increased research and development activities in agriculture, rising awareness of tech-based farming, and shortage and aging of agricultural workers in many countries are expected to increase the demand for smart harvesters such as robotic harvesters and automated tractors among farmers and other agriculture companies. Increasing crop production costs and increasing need for workforce automation are further supporting market growth.

Increasing adoption of robotic technology in agriculture practice and the implementation of several sensors as well as 3D imaging in smart farms are some of the major opportunities in the global smart harvest market. Moreover, the smart harvest market has huge opportunities in the Asia-Pacific region since most of the countries located in this region have huge agricultural sectors, which contribute to the nation’s GDP.

Figure 1: Global Smart Harvest Market, $Million, 2021-2027

Smart Harvest Market

Source: Expert Interviews and BIS Research Analysis

Impact

•    North America generated the highest revenue of $2,290.0 million in 2021, which is expected to reach $4,540.0 million by 2027. The region has been experiencing rapid growth in the smart farming industry in the past few years owing to increasing technological advancements and increasing government support for the usage of smart equipment. Owing to several benefits of smart farming, farmer and growers in this region are adopting different technologies on their farms, such as GPS, drones, robots, smart controllers, monitors, and others. All these factors are further influencing the market growth of smart harvest technologies in North America.
•    Furthermore, Europe generated a revenue of $1,740.0 million in 2021 and is expected to grow at a CAGR of 10.37% from 2022 to 2027. High revenue generation was majorly attributed to increasing the use of smart farming systems and increasing investments from the European Commission for IoT-based smart farming. Most of the growth is expected to be driven by Eastern Europe countries in the forecast period.

Impact of COVID-19

The COVID-19 impact on the smart harvest market was there for a short term in 2020 and in 2021. However, the market is anticipated to witness robust growth and recovery with increasing demand for the installation of smart harvest equipment in agricultural farms throughout the world to make optimum utilization of resources with the shortage of skilled labor in the agriculture fields. Hence, the demand for smart harvesters in the agriculture sector is expected to increase during and post-COVID-19 pandemic.

Market Segmentation:

Segmentation 1: by Application
•    Site of Operation
     o    Controlled Environment Agriculture 
     o    On-Field Agriculture
•    Crop Type
     o    Fruits
     o    Vegetables
     o    Others

The global smart harvest market in the application segment has been segmented into the site of operation and crop type segments. Mostly smart harvesters are utilized in controlled environment agriculture to produce fresh fruits and vegetables under artificial conditions with limited labor. Autonomous tractors and other robotic harvesters are further used in the field to harvest cotton, apple, asparagus, and many other crops.

Segmentation 2: by Product
•    Hardware
•    Software
•    Services

Among the three segments, the hardware segment is expected to dominate the global smart harvest market; in 2021, this segment was worth $6,645.0 million. The dominance of the hardware segment is due to the higher usage of robotic arms, robotic chassis, end-effectors, and automation systems, along with monitoring and sensing systems in smart harvest equipment.

Segmentation 3: by Region
•    North America - U.S., Canada, Mexico, and Rest-of-North America
•    Europe - Germany, Spain, France, and Rest-of-Europe
•    China
•    U.K.
•    Asia-Pacific - Japan, India, Australia, and Rest-of-Asia-Pacific
•    South America - Brazil, Argentina, and Rest-of-South America
•    Middle East and Africa - Turkey, South Africa, and Rest-of-Middle East and Africa

The Asia-Pacific region is the fastest-growing market in the smart harvest industry. The rapid change in the climatic conditions, increasing government support, rising need for food security, and increasing need for smart farming are the factors supporting the growth of smart harvest in the region.

Recent Developments in Global Smart Harvest Market

•    In June 2022, Dogtooth Technologies introduced its latest fleet of strawberry-harvesting robots, mainly in the U.K. and Australia, to ease growers’ labor woes.
•    In November 2021, Iron Ox launched Grover, an all-new autonomous mobile robot. Grover is a durable, hygienic as well as highly capable autonomous mobile robot that allows Iron Ox to save water, land, and energy.
•    In November 2021, Fieldin acquired Midnight Robotics to advance its autonomous platforms. This acquisition was aimed at creating a brand-new sensor-based platform with driving technologies to improve the day-to-day management of the farm.
•    In February 2019, OCTINION launched a strawberry-picking robot named Rubion. Rubion navigates through the strawberries, detects the ripe ones, picks the fruits without bruising, and places them in its punnet.

Demand – Drivers and Limitations

Following are the demand drivers for the smart harvest market:

•    High Adoption of Smart Agriculture Technique to Optimize Crop Yield
•    Need for Reducing Crop Production Cost
•    Lack of Sufficient Workforce

The market is expected to face some limitations due to the following challenges:

•    High Cost of Smart Harvesting Equipment
•    Less Adoption among Small-Scale Farmers
•    Technical Complexities Affecting Smart Harvest Adoption

Analyst View

According to Aparajita Borah, Senior Research Associate, BIS Research, “The smart harvest” market is expected to be a great replacement for conventional harvest. Through a better adoption of robotic harvesters and autonomous tractors in, agriculture can be taken to an advanced level. Issues such as labor shortage and demand for fresh produces can also be addressed, which will offer proper food security."

Smart Harvest Market - A Global and Regional Analysis

Focus on Product and Application, Value Chain, and Country Analysis - Analysis and Forecast, 2022-2027