Smart Harvest Market size was valued at US$ 11.37 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 12.0% through 2021 to 2027, reaching nearly US$ 25.14 Bn.
Smart Harvest Market Overview
In the agricultural area, smart harvest refers to the application of smart technologies such as GPS, cloud machine learning, satellite images, big data, and IoT to increase crop yield. Farmers utilise the smart harvest to track, monitor, and analyse their operations in the field. Fruit and vegetable harvesting with less human intervention is one of the smart harvest technologies. Soil sensors, harvesting robots, control systems, and drones are among the smart harvest components. The smart harvest lowers the cost of manpower in the crop yielding process. Smart technology harvesting aids in the effective control of the agricultural process and increases crop output. The global report on the Smart Harvest Market is come up with the segment analysis based on, component, site of operation, crop type and region.
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Smart Harvest Market Scope
A comprehensive research report on the global Smart Harvest market is a focused research compilation of all factors that are considered critically for business growth. It includes all key factors such as valuable insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodologies. The report also helps in understanding dynamics and structure by analyzing the market segments and estimating the global Smart Harvest market size. The report provides a clear representation of the competitive analysis of market players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Smart Harvest market. The report provides a quantitative analysis of the current market and estimations through the forecast years that assist in identifying the prevailing market opportunities. The study uses research tools such as SWOT analysis and Porter’s Five Forces for the Smart Harvest market.
The market is divided into two categories: hardware and software, depending on the component. By 2027, the hardware segment is anticipated to have the greatest market share, at xx%. The hardware components of the smart harvest market include harvesting robots, automation and control systems, sensors, and imaging systems. To move, identify, and harvest the fruit or vegetable, the three hardware pieces must cooperate. During the projection period, AI (Artificial Intelligence) integration with smart harvest systems is anticipated to enable robots to make their own decisions depending on the appropriate parameters.
Key Players: The following are the key players of the Smart Harvest Market-
Robert Bosch GmbH (Germany)
Deere & Company (US)
Smart Harvest Ltd. (UK)
Dogtooth Technologies (UK)
Harvest Automation (US)
Panasonic Corporation (Japan)
Root AI (US)
Abundant Robotics (US)
Iron Ox (US)
Energid Technologies Corp. (US)
Vision Robotics Corp. (US)
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Analysts at SMR evaluate competitive strengths and conduct competitive analyses for each competitor individually. Global, North America, Europe, Asia-Pacific, Middle East and Africa, and South American market share statistics have been provided individually.
Key Questions Answered in the Smart Harvest Market Report are:
- What is the current market status of the Smart Harvest industry?
- What are the key investment pockets in the Smart Harvest market with respect to product segments and geographies currently and during the projected period?
- Who are the global key players in the Smart Harvest market?
- Which region holds the maximum share in the global Smart Harvest market?
- Which segment accounts for the fastest CAGR in the Smart Harvest market during the forecast years?
- What are the key drivers of the Smart Harvest market?
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