Harvesting Technology Market Growth Analysis by Regions, Segments, Demand and Recent Trends, and Forecast to 2031 | Analog Devices, Inc., EnOcean GmbH, ABB

Global Harvesting Technology Market reached US$ 17.25 billion in 2023 and is expected to reach US$ 27.08 billion by 2031, growing with a CAGR of 5.8% during the forecast period 2024-2031.

The objective of the market research report on the Harvesting Technology Market is to deliver a comprehensive analysis of the market, featuring insightful observations, statistics, historical data, and industry-validated insights. Additionally, it aims to provide forecasts based on robust assumptions and methodologies. This study enhances the understanding of global Harvesting Technology market dynamics and structure by segmenting and analyzing various market sectors while estimating the overall market size.
Furthermore, the report explores the competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach.

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Harvesting technology refers to the techniques and tools employed in the collection of crops, fruits, and other agricultural products. This technology encompasses a wide range of methods, from traditional manual harvesting to advanced mechanized systems, including:

Market Players

Companies are mainly concentrating on strategies like new product launches to enter the fastest-growing emerging markets worldwide. Key players highlighted in the Harvesting Technology market research report include:

• Analog Devices, Inc.
• EnOcean GmbH
• ABB
• Fujitsu
• Ag Leader Technology
• Keetronics (India) Pvt. Ltd.
• Microchip Technology Inc.
• Mide Technology Corp.
• E-Peas SA

Key Developments

In March 2024, the government launched the "e-Upaja Kisaan Nidhi" digital portal, designed to empower farmers by allowing them to pledge funds against their harvested commodities. This initiative enables farmers to secure post-harvest loans from banks while storing their agricultural produce with the Warehousing Development and Regulatory Authority (WDRA).

In August 2023, at the Farm Progress Show, Raven Industries, a leader in ag tech solutions, unveiled advancements in agricultural technology. Their Raven Cart Automation system reduces operator stress by 33% for combine operators and 22% for tractor operators, enhancing the efficiency of harvesting processes.

In October 2023, CNH Industrial expanded its investment in high-tech harvesting by taking a minority stake in Advanced Farm Technologies, a California-based startup specializing in robotic fruit picking, including strawberries and apples. This collaboration aims to drive innovation in the industry through joint research and development and commercialization efforts.

Market Segments

Market segmentation involves organizing customers into groups that respond similarly to marketing strategies. This is the crucial first step in creating a sales process that effectively appeals to diverse demographics. The market research report is divided into the following segments:

By Technology: Light Energy Harvesting, Vibration Energy Harvesting, Frequency Energy Harvesting, Thermal Energy Harvesting, Radio Frequency Energy Harvesting

By Components: Power Management Integrated Circuits, Storage System, Transducers, Sensors, Others

By Application: Horticulture, Greenhouse, Crops, Others

Regional analysis

☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Ital, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Indonesia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Rest of South America
☞ Middle East and Africa

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**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

The research study aims to address the following key questions:

➡What is the expected growth rate of the Harvesting Technology Market during the forecast period of 2031?

➡What key factors are driving the Harvesting Technology Market across various regions?

➡Who are the leading vendors in the Harvesting Technology industry, and what strategies contribute to their success?

➡What is the Harvesting Technology market scope for the projected period?

➡What major trends are influencing the industry's growth in the coming years?

➡What challenges does the Harvesting Technology Market face?

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