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The global harvesting robot market was valued at US$ 591.1 Mn in 2021 and is anticipated to grow at an annual growth rate of 21% to see growth by US$ 3,293.8 Mn by 2030.
Increasing awareness of smart agriculture and the growing demand for food security is supporting the global harvesting robot market. According to the researchers at the University of Bonn, global food production could fall by over 20% by 2050, and at the same time, the global population is projected to reach 9.8 billion in 2050. The researchers advocate the responsible use and support of these new technologies. Researchers from the University of Cambridge have developed a vegetable-picking robot that uses machine learning to harvest iceberg lettuce. The researchers believe the technology can be applied to other crops to tackle agricultural labor shortages and cut food waste. Furthermore, the emerging smart farming concept that refers to managing farms using modern Information and Communication Technologies to increase the quantity and quality of products while optimizing the human labor required. IoT has fostered the belief that a smart network of sensors, actuators, cameras, robots, drones, and other connected devices will bring an unprecedented level of control and automated decision-making to agriculture, making possible an enduring ecosystem of innovation in this eldest of industries. Therefore, smart farming has a real potential to deliver a more productive and sustainable form of agricultural production, based on a more precise and resource-efficient approach. In the future, this smart farming revolution depicts, pesticide and fertilizer use will drop while overall efficiency will rise. IoT technologies will enable better food traceability, which in turn will lead to increased food safety.
The report published by Astute Analytica examines the global harvesting robot market and provides the factors influencing the market growth opportunities and the challenges faced by the market. The report provides detailed analysis across 16 chapters, totaling 302 pages, 54 extensive data tables, and 141 figures.
The report provides a comprehensive analysis of the global harvest robot market, covering the global regions. The global regions tracked and analyzed include North America, Asia Pacific, Europe, Middle East & Africa, and South America. As per the study of the report, Europe accounted for the greatest share in 2021 as the European Union produces around 17 million tons of tomatoes each year. AI and advanced robotics are opening new horizons in the agriculture sector in Europe. However, the Asia Pacific harvest robot market is projected to grow at the highest CAGR of 24.8%. In Asia, decreasing farmer and labor populations due to various factors is a serious problem that leads to increases in labor costs, higher harvesting input energy consumption, and less resource utilization. To solve these problems, researchers are engaged in providing long-term and low-tech alternatives in terms of mechanization and automation of agriculture by way of efficient, low cost, and easy to use solutions.
The global harvesting robot market includes PESTLE analysis, porter’s five forces explaining how the threats of substitute in the market which includes conventional or traditional farming practices. These alternatives are impacting moderate in the market’s growth, but the growth in smart technologies awareness in reducing the impact of the alternatives on the market.
The report further provides several technology assessments of different robotic manufacturers, technology challenges, technology evolution timeline, strategies of key players in the market, and product price analysis. According to the report, it is analyzed that autonomous robots may see rising price trends as more sophisticated components are incorporated and novel applications developed.
Impact of COVID-19 on Harvesting Robot Market
The outbreak of COVID-19 greatly affected the agriculture sector, labor scarcity was reported during the pandemic, which resulted in low agricultural output. The farmers have faced an increasingly high level of stress during the COVID-19 pandemic due to destroyed crops, a stockpile of crops, and disruption in the supply chain. Supply chain disruptions directly resulted in economic losses for farmers and increased food prices for consumers. Despite the government’s efforts to minimize the disruptions in the food supply chain, the survey results indicate that farmers still suffered economic losses. As the COVID-19 pandemic continues, more farmers and low-income consumers become highly vulnerable due to agricultural income losses and declining cash income.
The report provides a graphical representation of the harvest robot market which shows how the market was in pre-COVID-19 times and how the market will recover during future times.
Competitors in the Market: Key Players
The report includes intensive company profiles of several players in the market around the world.
The company profiling in the report covers the business overview, product listing of the companies, key officials, strategical outlook, financial tables, business segment revenue, and geographical revenue of the companies. The players incorporated in the report are Agrobot, Dogtooth Technologies Limited, FFRobotics, Green Robot Machinery Pvt. Ltd., Harvest Automation, HARVEST CROO, CERESCON B.V., Panasonic, Energid Technologies Corporation, Four Growers, Metomotion, Root Al, Inc., Tortuga Agriculture Technologies, Inc., Appharvest, Inaho Inc., Denso Design, Xihelm, Certhon Harvest Robot, and Squse.
According to the reported study, the global harvesting robot market is observed to be dominated by top players and is projected to shift towards fragmented nature in the forecast period. As the need for moderate capital investment in terms of manufacturing cost, plant setup cost, legal cost, marketing expense, distribution cost, and licensing cost. Also, the limited intensity of competition within the important market players in the harvesting robot market is increasing the threat of new entrants.
Segmentation Overview of Global Harvesting Robot Market
By Robot Type
By Harvesting Type
By Vegetable Harvesting Application
|Market Size Value in 2021||US$ 591.1 Mn|
|Expected Revenue in 2030||US$ 3,293.8 Mn|
|Unit||Value (USD Mn)|
|Segments covered||By Robot Type, Harvesting Type, Application, Vegetable Harvesting Application, and Region|
|Key Companies||Dogtooth Technologies Limited, FFRobotics, Green Robot Machinery Pvt. Ltd., and other prominent players.|
|Customization Scope||Get your customized report as per your preference. Ask for customization|
Rising demand from growing population and labor shortages in the farming sector across the globe is leading to a strong need for automation and robotization in the sector.
Humans have varying operational quality whereas harvesting robots can work consistently with no individual or temporal differences, can inspect the crop to detect diseases and monitor crop development, allowing for more efficient farm management.
The Global Harvesting Robot Market was valued at US$ 591.1 Mn in 2021.
The Global Harvesting Robot Market is estimated to expand at a CAGR of 21.2% over the projection period 2022-2030.
The harvesting robot market is majorly driven by factors such as growing demand for food security and gradually increasing awareness of smart agriculture.
The harvesting robot technologies have achieved only limited success due to highly unstructured orchard environment and variable outdoor conditions.
AI-equipped harvesting robots are an emerging opportunity in the Global Harvesting Robot Market due to their enhanced dexterity to tackle crops of various shapes and sizes.
Semi-autonomous robot type has the highest share in the Global Harvesting Robot Market in 2021.
Greenhouse agriculture application has the fastest CAGR in the Global Harvesting Robot Market in 2021.
Europe dominates the Global Harvesting Robot Market in 2021.
The key players in the Global Harvesting Robot Market are Agrobot, Dogtooth Technologies Limited, FFRobotics, Green Robot Machinery Pvt. Ltd., Harvest Automation, HARVEST CROO, CERESCON B.V., and Panasonic among others.
COVID-19 pandemic negatively impacted the market growth, as major players in the market reported a slight decline in their sales of harvesting robots.