Press release
Automated Harvesting System Market Outlook Set to Reach $2.99 Billion by 2029 with 8% Yearly Growth
What industry-specific factors are fueling the growth of the automated harvesting system market?The growth of automated harvesting systems is predicted to be fueled by a rising demand for industrial crops. These crops, which include sugarcane, tea, pepper, and coconut, often cannot be directly consumed and require industrial processing. Automated harvesting systems are utilized to harvest these crops from their vines, with the help of computer vision that identifies and measures the fruit's ripeness before removal. These systems enhance efficiency and productivity in the agricultural sector. As reported by the Department for Environment Food and Rural Affairs, a US-based government department, in June 2024, the total factor productivity of UK's agriculture industry in 2023 had a significant rise to 241, from 235 the year before, an increase of 2.70%. Thus, the growing demand for industrial crops is a key factor propelling the expansion of the automated harvesting systems market.
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What Is the projected market size and growth rate for the automated harvesting system market?
The market size of the automated harvesting system has been experiencing a gradual increase over the past few years. From being valued at $2.12 billion in 2024, it is predicted to increase to $2.22 billion in 2025, representing a compound annual growth rate (CAGR) of 4.7%. Factors attributed to this momentum include growth in commercial aviation and military aircraft modernization, increased air travel, the demand for fuel-efficient planes, expansion in the global aerospace industry, and regulatory standards.
The market size of the automated harvesting system is anticipated to see considerable growth in the coming years, potentially reaching $2.99 billion by 2029 with a 7.8% compound annual growth rate (CAGR). The growth prediction during this period can be attributed to several factors such as investments in research and development, increasing demand for business jets, the expansion of global air traffic, innovations in electric VTOL aircraft, and an emphasis on safety and reliability. Notable trends during the forecast period include systems that use hybrid electric propulsion, the integration of permanent magnet motors, lightweight and compact motor design, the digitalization and monitoring of conditions, as well as customization for specific aircraft types.
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What new trends are reshaping the automated harvesting system market and its opportunities?
Product advancement is a critical trend that is gaining traction in the automated harvesting systems industry. To maintain their market standing, firms in this business are embracing cutting-edge technologies. For example, AGRIST Co. Ltd., a Japanese tech company that addresses agricultural challenges, introduced a new product termed the L pepper harvest robot, in January 2023. The novel L robot selects ripe peppers with millimeter accuracy from leaves. The L robot embodies an automatic system for gathering bell peppers. By amalgamating various types of cameras and our unique AI (Artificial Intelligence) system, the robot effortlessly identifies and chooses ripe peppers concealed by thick leaves with excellent accuracy. The L robot incorporates an end-effector on an arm that pulls in stems until it locates the ripe pepper, cuts it and subsequently folds it to drop into a collection box. The robot circulates farms daily to observe crop progress and provide farming advice for optimal farm management.
What major market segments define the scope and growth of the automated harvesting system market?
The automated harvesting system market covered in this report is segmented -
1) By Components: Energy Harvesting Transducers, Power Management Integrated Circuits (PMIC), Storage Systems
2) By Technology: Light Energy Harvesting, Vibration Energy Harvesting, Radio Frequency Energy Harvesting, Thermal Energy Harvesting, Frequency Energy Harvesting
3) By Application: Horticulture, Greenhouse, Crops, Other Application Types
Subsegments:
1) By Energy Harvesting Transducers: Solar Harvesting Devices, Piezoelectric Harvesting Devices, Thermoelectric Harvesting Devices, Electromagnetic Harvesting Devices
2) By Power Management Integrated Circuits (PMIC): Voltage Regulators, Energy Management ICs, Battery Management ICs, Power Conditioning ICs
3) By Storage Systems: Supercapacitors, Rechargeable Batteries, Energy Storage Modules, Flywheel Energy Storage Systems
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Which region dominates the automated harvesting system market?
North America was the largest region in the automated harvesting system market in 2024. The regions covered in the automated harvesting system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the automated harvesting system industry growth?
Major companies operating in the automated harvesting system market include ABB Ltd., Honeywell International Inc., CNH Industrial N.V., Robert Bosch GmbH, DeepField Robotics, Clearpath Robotics Inc., AgEagle Aerial Systems Inc., BouMatic Robots BV, Deere & Company, Blue River Technology Inc., Abundant Robotics Inc., Grownetics Inc., YANMAR HOLDINGS CO. LTD., Kubota Agricultural Machinery India Pvt. Ltd., Advanced Linear Device Inc., e-peas SA, Analog Devices Inc., Texas Instruments Incorporated, Cymbet Corporation, EnOcean GmbH, STMicroelectronics NV, Cypress Semiconductor Corporation, Powercast Corporation, Laird Thermal Electronics Inc., DCO Systems Ltd., Drayson Technologies Ltd., 3A Composites India Private Limited, GlobalFoundries Inc., AGCO Corporation, Trimble Inc., DJI, Lely, DeLaval, and Kistler Group.
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What Is Covered In The Automated Harvesting System Global Market Report?
• Market Size Forecast: Examine the automated harvesting system market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automated harvesting system market for a structured understanding.
• Key Players Overview: Analyze major players in the automated harvesting system market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automated harvesting system market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automated harvesting system market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automated harvesting system market.
• Industry Challenges: Identify potential risks and obstacles affecting the automated harvesting system market.
• Competitive Landscape: Review strategic developments in the automated harvesting system market, including expansions, agreements, and new product launches.
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