Global Smart Harvest Market worth USD 19.37 Billion by 2024

Global Smart Harvest Market worth USD 19.37 Billion by 2024

Pune, India, April 08, 2019 -- /360iResearch/ -- The report "Global Smart Harvest Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 8.44 billion in 2017 and is projected to reach USD 19.37 billion by 2024, growing at a CAGR of 12.61% from 2017 to 2024.

The major forces driving the growth of the smart harvest market include the high cost and availability associated with farm labor and cost efficiency associated with smart harvest systems. Moreover, advanced technologies to improve farming profitability and government enforcement to propel the adoption of smart harvest systems are also some of the factors that are driving the market growth. However certain factors such as the high initial capital investment may hinder the market growth. In the middle of difficulty lies opportunity such as the potential for simpler harvest technologies in the developing countries, automated harvesting robots for precision farming, and integration of ai and big data in farming. The possible challenges for the market growth is limited technical knowledge possessed by farmers. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on component, the global smart harvest market is studied across Hardware, and Software. Based on crop, the global smart harvest market is studied across Fruits, and Vegetables. Based on market, the global smart harvest market is studied across and High Technology Greenhouses. Based on operation site, the global smart harvest market is studied across Greenhouses, Indoor Farming, and On-Field. Based on geography, the global smart harvest market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the smart harvest market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are AVL Motion B.V., Abundant Robotics, Agrobot, Cerescon B.V., Deere & Company, Dogtooth Technologies, Energid Technologies Corporation, Exabit Systems Pvt. Ltd., Ffrobotics, Harvest Automation, Harvest Croo, Iron Ox, KMS Projects Ltd., Metomotion, Octinion BVBA, Panasonic Corporation, Robert Bosch GmbH, Root AI, Smart Harvest Ltd., and Vision Robotics Corporation.

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