The smart harvest market is in the introductory growth phase. Increased research and development activities in agriculture, rising awareness of tech-based farming, and shortage and aging of agricultural workers in many countries are expected to increase the demand for smart harvesters such as robotic harvesters and automated tractors among farmers and other agriculture companies. Increasing crop production costs and increasing need for workforce automation are further supporting market growth.

Increasing adoption of robotic technology in agriculture practice and the implementation of several sensors as well as 3D imaging in smart farms are some of the major opportunities in the global smart harvest market. Moreover, the smart harvest market has huge opportunities in the Asia-Pacific region since most of the countries located in this region have huge agricultural sectors, which contribute to the nation’s GDP.

Smart Harvest Market Report which is a Global and Regional Analysis that Focus on Product and Application, Value Chain, and Country Analysis and Forecast for the projection period of 2022-2027. The global smart harvest market was valued at $8,380.0 million in 2021 and is projected to reach $16,850.0 million by 2027, growing at a CAGR of 12.50% during the forecast period 2022-2027. The growth in the global smart harvest market is expected to be driven by the increasing adoption of smart agriculture practices, labor shortage in agriculture farms, and increasing need for sustainable agriculture.

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Impact of COVID-19

The COVID-19 impact on the smart harvest market was there for a short term in 2020 and in 2021. However, the market is anticipated to witness robust growth and recovery with increasing demand for the installation of smart harvest equipment in agricultural farms throughout the world to make optimum utilization of resources with the shortage of skilled labor in the agriculture fields. Hence, the demand for smart harvesters in the agriculture sector is expected to increase during and post-COVID-19 pandemic.

The smart harvest” market is expected to be a great replacement for conventional harvest. Through a better adoption of robotic harvesters and autonomous tractors in, agriculture can be taken to an advanced level. Issues such as labor shortage and demand for fresh produces can also be addressed, which will offer proper food security.

Impact on Smart Harvest industry

• North America generated the highest revenue of $2,290.0 million in 2021, which is expected to reach $4,540.0 million by 2027. The region has been experiencing rapid growth in the smart farming industry in the past few years owing to increasing technological advancements and increasing government support for the usage of smart equipment. Owing to several benefits of smart farming, farmer and growers in this region are adopting different technologies on their farms, such as GPS, drones, robots, smart controllers, monitors, and others. All these factors are further influencing the market growth of smart harvest technologies in North America.


• Furthermore, Europe generated a revenue of $1,740.0 million in 2021 and is expected to grow at a CAGR of 10.37% from 2022 to 2027. High revenue generation was majorly attributed to increasing the use of smart farming systems and increasing investments from the European Commission for IoT-based smart farming. Most of the growth is expected to be driven by Eastern Europe countries in the forecast period.

Market Drivers and Limitations

Following are the demand drivers for the smart harvest market:

• High Adoption of Smart Agriculture Technique to Optimize Crop Yield
• Need for Reducing Crop Production Cost
• Lack of Sufficient Workforce

The market is expected to face some limitations due to the following challenges:

• High Cost of Smart Harvesting Equipment
• Less Adoption among Small-Scale Farmers
• Technical Complexities Affecting Smart Harvest Adoption


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Strategic solutions for organizations adopting Smart Harvest Market

Product/Innovation Strategy: The product segment helps the reader understand the different types of smart harvest products available to be used in agriculture fields. Moreover, the study provides the reader with a detailed understanding of the different smart harvesters by application (controlled environment agriculture and on-field) and by component (hardware, software, and services).

Growth/Marketing Strategy: The global smart harvest market has seen major development by key players operating in the market, such as product launches, business expansions, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been product launches to strengthen their position in the smart harvest market.

Competitive Strategy: Key players in the global smart harvest market analysed and profiled in the study involve smart harvest manufacturers that provide different types of hardware and software to be used in autonomous harvesters. Moreover, a detailed competitive benchmarking of the players operating in the global smart harvest market has been done to help the reader understand how players stack against each other, presenting a clear market landscape.


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