The Smart Harvest Global Market Report 2023, provides comprehensive information on the smart harvest market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with the insightful findings presented in The Business Research Company’s Smart Harvest Global Market Report for 2023, the anticipated trajectory of the global smart harvest market is poised for substantial expansion. Forecasts indicate a noteworthy surge, projecting an escalation from the $14.26 billion valuation in 2022 to an estimated $16.02 billion by the end of 2023, reflecting a commendable compound annual growth rate (CAGR) of 12.3%. However, it is imperative to acknowledge the profound impact of the Russia-Ukraine conflict, a disruptive force hindering global economic recuperation from the recent COVID-19 pandemic. This geopolitical strife has triggered a cascade of repercussions, including economic sanctions on multiple nations, an upswing in commodity prices, supply chain disruptions, and consequent inflation across diverse sectors. As a consequence, numerous markets worldwide have been significantly influenced. Despite these challenges, the global smart harvest market is poised for sustained growth, with projections indicating a robust climb to an estimated $25.24 billion by 2027, maintaining a CAGR of 12%.
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The landscape of the smart harvest market is witnessing a transformative surge propelled by the advent of cutting-edge product innovations. Esteemed players in the realm of smart harvest technologies are strategically channeling their focus towards pioneering advancements to fortify their market standing. A noteworthy illustration of this strategic thrust is exemplified by Iron Ox, a leading US-based entity specializing in the integration of robotics and artificial intelligence (AI) within the agricultural sector. In November 2021, the company introduced Grover, an autonomous mobile robot meticulously crafted for operational prowess within Iron Ox’s greenhouses. Grover seamlessly undertakes multifaceted tasks encompassing planting, watering, and harvesting crops. Notably, this state-of-the-art innovation is engineered to navigate diverse greenhouse environments, exhibiting resilience in the face of challenging conditions, including extreme temperatures and humidity. This paradigm shift underscores the industry’s commitment to pushing technological boundaries for enhanced efficiency and sustainability.
The smart harvest market is segmented:
1) By Crop Type: Fruits, Vegetables
2) By Components: Hardware, Software
3) By Site Of Operation: On-Field, Greenhouse, Indoor
4) By End Users: Agriculture, Horticulture, Floriculture, Vertical Farming, Other End Users
Top Major Players
Western Europe was the largest region in the smart harvest market in 2022.
The table of contents in TBRC’s smart harvest market report includes:
- Executive Summary
- Smart Harvest Market Characteristics
- Smart Harvest Market Trends And Strategies
- Smart Harvest Market – Macro Economic Scenario
- Smart Harvest Market Size And Growth
………
- Africa Smart Harvest Market
- Smart Harvest Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Smart Harvest Market
- Smart Harvest Market Future Outlook and Potential Analysis
- Appendix
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