Smart Indoor Farming Market By Growing System (Aeroponics, Hydroponics, Aquaponics, Soil-Based and Hybrid),Size, Segments, Key Trends

The smart indoor farming market is expected to be growing at a growth rate of 9.1% in the forecast period of 2021 to 2028. The increasing consumer awareness regarding the advantages of consuming fresh and high-quality food will act as a driving factor for the growth of the smart indoor farming market. 

Indoor farming technology is a technique of growing crops and plants inside any indoor space or house utilizing various technologies.

Major factors that are expected to boost the growth of the smart indoor farming market in the forecast period are the increase in the demand for fresh food with more nutritious value, the rise in the demand for higher yields that are utilizing limited space and water and the decrease in the effect of outdoor weather conditions. On the other hand, the increase in the primary investments and the restrictions on the forms of crops that can be grown are further anticipated to derail the growth of the smart indoor farming market in the timeline period.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-smart-indoor-farming-market

In addition, the advancement of innovative and cost efficient technologies and the manufacturing of biopharmaceutical products will further provide potential opportunities for the growth of the smart indoor farming market in the coming years. However, the dearth of sufficient funding and the lack in the accessibility of trained labour force might further challenge the growth of the smart indoor farming market in the near future.

Major Key Players Analysis: 

The major players covered in the smart indoor farming market report are LOGIQS B.V., Illumitex, Vertical Farm Systems, Hydrodynamics International., GENERAL HYDROPONICS, Certhon., Dalsem, RICHEL Group, AMHYDRO, Harnois Industries Inc (Les), Urban Crop Solutions, Agrilution, Green Sense Farms Holdings, Inc., Signify Holding., EVERLIGHT ELECTRONICS CO., LTD., Argus Controls Systems Limited., NETAFIM, LumiGrow Inc., Scotts Miracle-Gro Company, Advanced Nutrients Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Smart Indoor Farming Market Scope and Market Size

The smart indoor farming market is segmented on the basis of growing system, facility type, component and crop type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of growing system, indoor farming market is segmented into aeroponics, hydroponics, aquaponics, soil-based and hybrid.
On the basis of facility type, indoor farming market is segmented into glass or poly greenhouses, indoor vertical farms, container farms and indoor deep water culture (DWC) systems.
On the basis of component, indoor farming market is segmented into hardware, and software and services. Hardware is further sub segmented into climate control systems, lighting systems, communication systems, sensors, system controls, irrigation systems and others.
On the basis of crop type, indoor farming market is segmented into fruits and vegetables, herbs and microgreens, flowers and ornamentals and others. Fruits and vegetables are further sub segmented into leafy greens, tomato, strawberry, eggplant and others. Leafy greens are further sub segmented into lettuce, kale, spinach and others. Herbs and microgreens are further sub segmented into basil, herbs, tarragon and wheatgrass. Flowers and ornamentals are further sub segmented into perennials, annuals and ornamentals.

Europe dominates the smart indoor farming market due to the increase in the acceptance of technologies concerning to indoor farms. Furthermore, the rise in the attention on accepting technologies to enhance the yield and the various initiatives undertaken by the governments for building indoor farms with the aim of overcoming the increase in the population, changes in the climate and food production will further boost the growth of the smart indoor farming market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the smart indoor farming market due to the occurrence of a large number of indoor farms. Moreover, the constant increase in the population has in turn heightened the demand for organic food which is further anticipated to propel the growth of the smart indoor farming market in the region in the coming years.

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