Global Smart Harvest Market Insights Forecasts to 2033

• The Global Smart Harvest Market Size was Valued at USD 13.42 Billion in 2023
• The Market Size is Growing at a CAGR of 10.31% from 2023 to 2033
• The Worldwide Smart Harvest Market Size is Expected to Reach USD 35.8 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Global Smart Harvest Market Size is Anticipated to Exceed USD 35.8 Billion by 2033, Growing at a CAGR of 10.31% from 2023 to 2033.

Market Overview

Smart harvest is the application of modern technologies including machine learning and artificial intelligence to automate and improve crop harvesting procedures. It is frequently applied to improve harvest efficiency, lower labor costs, and overall crop quality. It involves implementing innovative techniques and approaches to yield high-quality harvests. The ultimate purpose of smart farming or harvesting is to assist farmers in producing high-yield crops while requiring minimal work. This includes incorporating technologies such as the Internet of Things (IoT), artificial intelligence (AI), and agricultural robotics. Sensors, GPS trackers, RFID, and harvesting robots are among the essential components in the smart harvest business. While the sector is still relatively new and has a long way to go, there may be consistent demand for smart farming technologies over the predicted period. Smart harvest is an advanced and revolutionary agricultural technology that lowers human effort, saves time, and increases crop yield. Smart harvesting allows farmers to harvest more in less time and at less cost by leveraging advanced technologies. Smart harvest combines several farming approaches with advanced and new technologies. These techniques are used with traditional farming methods to increase output and efficiency.

Report Coverage

This research report categorizes the market for the smart harvest market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global smart harvest market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the smart harvest market.

Driving Factors

Increased urbanization in developing nations such as India and China are predicted to drive the use of innovative agricultural technologies. In addition, the rise of the population has motivated farmers to employ new technologies such as harvest robots and soil sensors. Furthermore, smart harvesting is the use of self-driving farming robots to collect fruits and vegetables with minimal or no human intervention. Furthermore, accepting new technologies allows farmers to increase production. Furthermore, the increased implementation of smart harvesting systems is expected to drive market growth. Artificial Intelligence (AI) innovations are having an incredible effect on the worldwide agriculture business, particularly in the field of smart harvesting. The use of AI allows for the automation of harvesting procedures, which contributes to enhanced efficiency, productivity, and cost efficiency. AI-powered robotic harvesters can recognize ripe crops based on color, size, and shape. They carefully harvest these crops, decreasing the chance of harm and loss.

Restraining Factors

The high initial investment is a significant obstacle to the widespread deployment of smart harvest technology worldwide. The purchase and installation of these complex systems necessitate significant capital, which is frequently beyond the grasp of small and medium-sized farms. Furthermore, the requirement for skilled employees to operate and maintain these systems increases expenses, rendering it economically impossible for many producers. Regarding agriculture's low profit margins, these significant initial expenses may prevent farmers from investing in Smart Harvest technologies.

Market Segmentation

The global smart harvest market share is classified into component, crop type, and site of operation.

• The hardware segment is expected to hold a significant share of the global smart harvest market during the forecast period.   

Based on the component, the global smart harvest market is divided into software and hardware. Among these, the hardware segment is expected to hold a significant share of the global smart harvest market during the forecast period. Smart harvest hardware consists of advanced automated harvesting robots, cutting-edge drones outfitted with precision sensors, cutting-edge RFID tags, and highly precise GPS systems. These revolutionary technologies play an important role in supporting precision agriculture by assuring efficient operation and optimizing productivity.

• The fruits segment accounted for the largest share of the global smart harvest market during the forecast period.   

Based on the crop type, the global smart harvest market is divided into fruits and vegetables. Among these, the fruits segment accounted for the largest share of the global smart harvest market during the forecast period. The present version of smart harvest technology can harvest a wide range of fruits, including apples, strawberries, and citrus fruits (lemons and oranges). The usage of smart harvest systems expands the possibilities for combining yield monitoring sensors and ripening controllers across a diverse range of fruits.

• The on-field segment accounted for the largest revenue share of the global smart harvest market during the forecast period.

Based on the site of operation, the global smart harvest market is divided into on-field, greenhouse, and indoor. Among these, the on-field segment accounted for the largest revenue share of the global smart harvest market during the forecast period. The development of smart harvest technologies and robots intends to reduce the impact of labor shortages while increasing the benefits appreciated by end users in terms of cost and time savings.

Regional Segment Analysis of the Smart Harvest Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to dominate the smart harvest market over the predicted timeframe.

Europe is anticipated to dominate the smart harvest market over the predicted timeframe. The primary cause of this is the increased adoption of technology by farmers throughout Europe. The country has a large amount of farming area, and the farmers are not only technically aware but also have the funds to use modern farming systems that provide better results. Due to the shifting climatic conditions, large agricultural enterprises and local farmers have had to implement new techniques to stop crop degradation and waste, which has freed up more space for intelligent harvesting. The UK and Germany are driving regional market growth. The modern agriculture industry in these nations, along with the growing use of autonomous combine harvesters and harvesting robots, are key factors propelling the UK and German markets. Furthermore, there is a growing need for intelligent harvesting systems due to the growing precision farming trend in these nations, which aims to stop environmental damage and increase agricultural output.

Asia-Pacific is expected to grow at the fastest pace in the smart harvest market during the forecast period. The application of smart harvesting mechanisms is gradually increasing, encouraged by increasing understanding of the advantages of these smart systems among young farmers and aspiring Agri-entrepreneurs. The growing population and need for a diverse range of fruits and vegetables motivate farmers in the APAC region to implement this technique. Each year, these countries' governments increase funding for agriculture through budgetary measures, giving small-scale farmers with loans and subsidies to leverage emerging technology systems. Furthermore, both the public and commercial sectors are boosting their investments in smart harvesting technologies and devices, which is driving APAC countries' rapid growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the smart harvest market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Robert Bosch GmbH
• Deere & Company
• Smart Harvest Ltd.
• Dogtooth Technologies
• Harvest Automation
• Panasonic Corporation
• Root AI
• Abundant Robotics
• Iron Ox
• Agrobot
• Energid Technologies Corp.
• FFRobotics
• Vision Robotics Corp.
• Metomotion
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2023, Antobot Ltd. collaborated with Wilkin and Sons Ltd. This collaboration intended to create economical robotic solutions while also increasing robotics and automation in the fruit industry.

• In June 2022, Dogtooth Technologies had launched its latest series of strawberry-harvesting robots, particularly in Australia and the United Kingdom, to solve growers' labor difficulties.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the smart harvest market based on the below-mentioned segments: 

Global Smart Harvest Market, By Component

• Software
• Hardware

Global Smart Harvest Market, By Crop Type

• Fruits
• Vegetables

Global Smart Harvest Market, By Site of Operation

• On-field
• Greenhouse
• Indoor

Global Smart Harvest Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa