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Smart Harvest Market – Introduction

  • The growing demand for food due to the rising population globally has put immense pressure on farmers to increase crop yield. But the shortage of labor in agricultural fields is leading to less harvest. Farmers are therefore using smart devices to expand their production capacity. The increasing adoption of latest technologies in farming for maximizing profitability is helping in the growth of the smart harvest market.

Key Drivers of the Smart Harvest Market

  • Increasing labor shortage due to the cost factor has a positive impact on the smart harvest market. Also, governments in developing countries across the globe are taking initiatives and encouraging farmers to adopt smart harvesting systems. Further, demand for harvesting robots, automation, sensors, control systems, and imaging systems is expected to increase with advancement in technology, which further helps in the growth of the smart harvest market.
  • Smart harvest systems help farmers to increase production capacity and profitability by adopting latest technologies. It is also cost efficient as it reduces labor overheads and enables optimal use of resources. This factor further drives the demand for smart harvest systems.

Factors Restraining the Smart Harvest Market

  • Smart harvest systems require extensive technical knowledge and skills. However, many farmers do not have these skills, and finding someone with technical ability is difficult and even expensive. This factor discourages many farmers from adopting smart harvest systems. Additionally, the high cost of installation of smart harvest technologies hampers the growth of the smart harvest market. Demand for smart harvest systems also declined in 2020 due to the lockdown and other government imposed restrictions because of the COVID-19 pandemic. 

Europe to Hold Leading Share of the Global Smart Harvest Market

  • In terms of region, the global smart harvest market can be divided North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • Country and sub-region level analysis of North America features the U.S., Canada, and Rest of North America. Analysis and forecast of the smart harvest market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The smart harvest market in South America is segmented into Brazil and Rest of South America.
  • Europe dominated the global smart harvest market in 2020, due to increasing adoption of advanced harvesting technologies in the region. Increasing population has been driving the smart harvest market in Europe, particularly in the UK, Germany, and France.
  • The smart harvest market in Europe is projected to expand at a rapid pace, followed by Asia Pacific and North America during the forecast period.

Key Players Operating in the Smart Harvest Market

The global smart harvest market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global smart harvest market are:

  • Robert Bosch GmbH
  • Agrobot
  • Deere & Company
  • Smart Harvest Agritech Ltd.
  • Harvest Automation
  • Panasonic Corporation
  • Root AI
  • Abundant Robotics, Inc.,
  • Harvest CROO Robotics LLC
  • FFRobotics

Global Smart Harvest Market: Research Scope

Global Smart Harvest Market, by Component

  • Hardware
  • Software

Global Smart Harvest Market, by Crop Type

  • Fruits
  • Vegetables

Global Smart Harvest Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Smart Harvest Market