North America generated the highest revenue of $1,877.1 million in 2020, which is attributed to the technological advancements in this region.

Lucintel has found the future of this market to be promising; the indoor farming technology market is expected to grow with a CAGR of 10%.

Indoor Farming Technology Market is estimated to value over USD 28.2 billion by 2028 end and register a CAGR of 9.4% from the forecast period 2021-2028.

Indoor Farming means growing crops in a small area and people are growing the necessary crops in their own houses on a small scale instead of having food that is free from pests.

Indoorfarming refers to the process of growing plants at a large scale indoors i.e.,the crops are not exposed to the external environment.

Trends, opportunities, and forecast in global indoor farming technology market to 2024 by growing system , facility type , by component , crop type , and region .