Smart Harvest Market Regions, Technology, Analysis of Trends at a CAGR of 11.4% by 2030

Agriculture serves as the primary livelihood for numerous nations, including India, Africa, and others. Moreover, developing countries are increasingly embracing large-scale agricultural practices, driving a surge in the demand for automation and intelligent harvesting technologies. The adoption of smart solutions like IoT holds promise in aiding farmers with weather predictions and crop harvesting. Through IoT integration, crop management can accurately assess real-time weather parameters such as precipitation, humidity, and temperature.

Precision farming stands out as a key facet of the burgeoning smart harvest sector. Within precision farming, smart harvesting encompasses functionalities like vehicle tracking, inventory monitoring, and detailed field surveillance. This approach empowers farmers to meticulously analyze soil conditions.

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Market Outlook:

Cloud-based data storage emerges as a pivotal technology in this domain, leveraging data analytics to monitor livestock and crop health. By streamlining the harvesting process through reduced labor and enhanced crop yields, smart technologies are propelling the growth of the smart harvest industry.

According to a new report published by Allied Market Research, titled, The smart harvest market size was valued at $12.5 billion in 2020, and is estimated to reach $37.0 billion by 2030, growing at a CAGR of 11.4% from 2021 to 2030.

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Key Segments:
The global smart harvest market is segmented based on component, technology, crop type, and region. On the basis of component, the market is segmented into software and hardware. In 2020, the software segment dominated the market in 2020, and is anticipated to grow with the highest CAGR of 11.9%.

On the basis of technology, the market is categorized into harvesting robots, GPS, sensors, RFID, and others. The harvesting robots segment have the largest market, and is anticipated to grow with the highest CAGR of 12.5%.

By crop type, the smart harvest market is segmented in vegetable and fruits. The fruits segment have the largest smart harvest market share in 2020, and the vegetable segment is anticipated to grow with the highest CAGR of 13.1%.

On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe region dominated the market in 2020

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Top Players:
The key players profiled in the market report include such as Abundant Robotics, Agrobot, Dogtooth Technologies Limited, Deere & Company, Harvest Automation, Iron OX, Panasonic Corporation, Robert Bosch GmbH, App Harvest, and Smart Harvest Ltd.

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