The dynamics of the global smart harvest market continues to change over time, thanks to the constant advancements in technology. The continued rise in the demand for food, due to the skyrocketing population, has increased the pressure on farmers to raise the crop yield. However, the shortage of laborers for agriculture across the world is leading to lesser harvest. To control this to manage this issue and increase crop yield, farmers are taking up farm mechanization and several other smart harvest techniques to maximize their crop yields.
This research report offers a detailed and insightful assessment of the global smart harvest market, taking primary trends and the future prospects of this market in consideration. Various segments of this market, based on a number of parameters, have also been evaluated to gain a clear overview of the dynamics in the worldwide smart harvest market.
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Global Smart Harvest Market: Notable Developments
The global smart harvest market is highly competitive. The leading players in this market, such as Deere & Co., Robert Bosch GmbH, Smart Harvest Ltd., Harvest Automation, Dogtooth Technologies, and Panasonic Corp. demonstrate intense rivalry among them. Let’s have a look at the notable developments by key companies in this market:
- Recently, Energid Technologies Corp. introduced a new framework version and software development kit of its Actin software and named it Actin 5. This new software includes real-time monitoring, managements, and inputs for Actin 5 powered robots. This software is designed to perform dynamic functions, such as control, navigation, monitoring, and several other functions, and assist robots in responding to a variety of situations without compromising on the overall efficiency.
- Panasonic Corp. showcased a prototype of its fully automated tomato-picking robot in an event held in Tokyo. The robot is powered with sensors, high-resolution cameras, and various other artificial intelligence features, which help it in finding out and picking up ripe tomatoes.
Global Smart Harvest Market: Market Dynamics
The main components in a smart harvest device are hardware and software. Currently the demand for smart harvesting software is higher than its hardware counterpart, since the usage of smart harvest techniques is limited to smartphone applications at large. However, with the development of technology, the demand for harvesting robots, sensors, automation and control systems, and imaging systems will increase, offering significant traction to the smart harvest hardware market in the years to come. The adoption of indoor farming techniques is expected to emerge as the key trend in this market over the next few years.
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Europe to Continue its Dominance
Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa are the key geographical segments of the global smart harvest market. Of all, Europe has surfaced as the leading regional market for smart harvest. The region hosts a massive concentration of market players, which is why it is on the top position. Due to similar factor, North America also reports a high growth rate in its smart harvest market. Companies operating these regional markets are constantly working on introducing new and innovative smart harvest devices, such as harvesting robots. With continuous research and development taking place, both the regional markets are likely to retain their positions in the years to come.