Dublin, Feb. 20, 2019 (GLOBE NEWSWIRE) -- The "Smart Harvest Market by Site of Operation (On-field, Greenhouse, Indoor), Component (Harvesting Robots, Automation & Control Systems, Imaging Systems, Sensors, Software), Crop Type (Fruits and Vegetables), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The smart harvest market was valued at USD 7.69 billion in 2017; this is projected to reach USD 15.64 billion by 2023, growing at a CAGR of 11.81% between 2018 and 2023.

The rise in population has led to increased food demand, which, in turn, has led to increased pressure on farmers to increase yield and area harvested for various crops. However, global labor shortage in agriculture is one of the major factors leading to loss of yield. To cater to this issue, farmers are highly adopting farm mechanization and other smart agriculture techniques to optimize their crop yields. Smart agriculture involves the adoption of artificial intelligence (AI), GPS, cloud machine learning, satellite imagery, and advanced analytics. Harvesting is one of the major phases of farming and the use of various smart devices increases the output and thus decreases the overall loss.

Products such as GPS, sensors, and various imaging systems are commercialized and offered by various manufacturers globally. However, there are limited manufacturers for harvesting robots. Majority of the manufacturers have harvesting robots in the testing phase and are expected to launch in the market for sales in the near future. With the increasing role of technology and benefits in the coming years, the demand for various smart harvesting products is expected to grow exponentially.

Some of the key players in this market are Robert Bosch GmbH (Germany), Smart Harvest (UK), and Firefly Automatix (US).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Smart Harvest Market
4.2 Smart Harvest Market, By Component
4.3 North America: Smart Harvest Market, By Site of Operation and Country
4.4 Harvesting Robots Market, By Crop Type
4.5 Smart Harvest Market Share, By Key Country

5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Decreasing Farm Landholding Capacity
5.2.2 Export Potential of Global Markets
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Farm Labor Issues Due to Higher Costs and Availability
5.3.1.2 Improving Profitability in Farming Through the Adoption of Advanced Technologies
5.3.1.3 Cost Efficiency Benefits Offered By Smart Harvest Systems
5.3.1.4 Favorable Government Initiatives to Propel the Adoption of Smart Harvest Systems
5.3.2 Restraints
5.3.2.1 High Capital Costs Involved in the Deployment of Smart Harvest Technologies
5.3.3 Opportunities
5.3.3.1 High-Growth Opportunities for Simpler Harvest Technologies in Developing Countries
5.3.3.2 High-Growth Opportunities for Automated Harvesting Robots in Developed Countries
5.3.3.3 Integration of Artificial Intelligence and Big Data in Farming
5.3.4 Challenges
5.3.4.1 Collection, Management, and Representation of Data Gathered By Smart Harvest Systems
5.3.4.2 Commercial Deployment of Smart Harvest Technologies is A Slow and Gradual Process
5.3.4.3 Limited Technical Knowledge Possessed By Farmers Toward Smart Harvest Technologies
5.4 Regulatory Framework
5.4.1 Regulatory Framework for Drones
5.4.1.1 Drone Regulations in India
5.4.1.2 US Drone Regulations
5.4.1.3 UK Drone Regulations
5.4.1.4 Other Drone Regulations
5.4.2 European Union Regulatory Framework for Robots
5.4.2.1 A Common Definition of Smart Autonomous Robots
5.4.2.1.1 Terminological Limits of the Notions of an Autonomous Robot and A Smart Robot
5.4.2.2 Liability for Damages Caused By an Autonomous Robot

6 Smart Harvest Market, By Site of Operation
6.1 Introduction
6.2 On-Field
6.2.1 Technological Advancements in Positioning Systems to Drive Growth for On-Field Applications
6.3 Greenhouses
6.3.1 Smart Greenhouses to Bolster Prospects for Smart Harvest Technologies
6.4 Indoor Farming
6.4.1 Shrinking Agricultural Land and Technological Innovations in Indoor Farming to Aid Market Growth

7 Smart Harvest Market, By Crop Type
7.1 Introduction
7.2 Vegetables
7.2.1 Equipment Availability to Drive Growth for Smart Vegetable Harvesting
7.3 Fruits
7.3.1 Labor Shortages and High Costs of Manual Harvesting to Drive Growth of Smart Harvest of Fruits

8 Smart Harvest Market, By Component
8.1 Introduction
8.2 Hardware
8.2.1 Advancements in Imaging Systems to Drive Growth for Hardware Components in Smart Harvest Robots
8.3 Software
8.3.1 Requirement of Optimum Functionality and Efficient Hardware Integration to Drive the Growth of Software Applications in Smart Harvest Systems

9 Smart Harvest Market, By Region

10 Competitive Landscape
10.1 Overview
10.2 Competitive Leadership Mapping
10.3 Progressive, Responsive, Dynamic, and Starting Blocks
10.4 Competitive Scenario & Trends

11 Company Profiles
11.1 Deere & Company
11.2 Robert Bosch GmbH
11.3 Panasonic Corporation
11.4 Energid Technologies Corporation
11.5 Smart Harvest Ltd.
11.6 Harvest Automation
11.7 Dogtooth Technologies
11.8 AVL Motion B.V.
11.9 Abundant Robotics
11.10 Iron Ox
11.11 Ffrobotics
11.12 Vision Robotics Corporation
11.13 Metomotion
11.14 Agrobot
11.15 Harvest Croo
11.16 Root AI
11.17 Key Innovators
11.17.1 Exabit Systems Pvt. Ltd.
11.17.2 Cerescon B.V.
11.17.3 Octinion BVBA
11.17.4 KMS Projects Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/nzvqp8/9_billion_smart?w=12

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Related Topics: Crop Farming