Emerging Smart Harvest Tech to Transform Global Agriculture by 2028

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Nov 15, 2023, 06:30 ET

DUBLIN, Nov. 15, 2023 /PRNewswire/ -- The "Smart Harvest Market - A Global and Regional Analysis: Focus on Product, Application, Startup, Patent, Value Chain, and Country-Wise Analysis - Analysis and Forecast, 2023-2028" report has been added to ResearchAndMarkets.com's offering.

This comprehensive report forecasts that the global smart harvest market, valued at $4.17 billion in 2022, will surge to $7.74 billion by 2028, showcasing a robust Compound Annual Growth Rate (CAGR) of 10.5% during 2023-2028.

The agricultural industry's push for higher crop yields while minimizing input costs is driving the smart harvest market's growth. Smart harvest technologies are revolutionizing farming with precise production management, optimized harvesting, and effective resource utilization.

Dominant Market Segments:

On-Field Application: Expected to dominate the market, with significant growth in North America, the U.K., Europe, and China.
Self-Propelled Smart Harvester Segment: Poised to hold a significant market share, especially in geographically vast regions with diverse crop production.

Recent Developments:

Key recent partnerships, such as Antobot Ltd.'s collaboration with Wilkin & Sons Ltd. and MetoMotion's agreement with RedStar, signify advancements in robotic solutions and greenhouse robotics workers.

Market Opportunities:

Integration of smart technologies in agriculture machinery is a game-changer. By embedding sensors, AI, automation, and connectivity, these technologies enhance harvesting efficiency and effectiveness. Automation and AI in equipment enable precise cutting, picking, sorting, and quality assessment, reducing manual labor and boosting operational efficiency.

Key Topics Covered:

Role of AI and Machine Learning in Smart Harvesting
Sustainable Agriculture Practices
Dynamics of Smart Harvest Market
Business Drivers, Challenges, and Opportunities
Case Studies on Smart Harvesting
Company Profiles, including Agrobot, Advanced Farms Technologies, and others.

Market Dynamics:

Business Drivers: The need to minimize crop loss, reduce production costs, and optimize farm profitability through climate-resilient solutions.
Business Challenges: Lower adoption among small-scale farmers and high initial costs are key challenges.
Business Opportunities: The integration of smart technologies and government initiatives to promote digital agriculture present significant opportunities.

Key Companies Profiled:

Agrobot
Advanced Farms Technologies, Inc.
Harvest Automation
Dogtooth Technologies Limited
Antobot Ltd.
MetoMotion
Mycionics Inc.
Tortuga Agricultural Technologies, Inc.
Harvest CROO Robotics LLC
Tevel Aerobotics Technologies
AMB Rousset
CNH Industrial N.V.

This report is crucial for stakeholders in the agricultural sector, offering deep insights into a market vital for the future of farming and food security.

For more information about this report visit https://www.researchandmarkets.com/r/cjk3xm

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SOURCE Research and Markets