Smart Harvest Market to reach $9.6 Billion by 2030; the growing demand for increased agricultural efficiency, rising labor shortages, growing investments in agricultural automation and government initiatives promoting agricultural mechanization are d

The Smart Harvest Market size is estimated to reach $9.6 Billion by 2030, growing at a CAGR of 8.8% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Smart Harvest Market – By Type (Robotic Harvester, Smart Harvester and Harvest Dynamic Monitoring), By Site (On Field and Controlled Environments), By Crop Type (Grains & Cereals, Fruits & Vegetables and Others) and By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

The main driver of the agriculture smart harvest market is the rising labour shortages. Additionally, the increasing investment in agricultural automation and government initiatives promoting agricultural mechanization are further boosting the market. The rising global population is driving the need for higher agricultural productivity which in turn leads to the demand for food security.  These factors are fueling the growth of the Agriculture Smart Harvest industry during the forecast period.

Europe accounted for the largest share of 37% of the Agriculture Smart Harvest Market in 2023. The region has a strong agricultural sector with a focus on innovation and technology adoption. The European Union provides significant funding and policy support for agricultural innovation encouraging investment in smart harvest technologies. Furthermore, Europe's main crops include fruits and vegetables that is largely dependent on migrant labor. Due to stricter immigration laws, the sector is heavily impacted by shortage of agricultural workers leading to spoilage of crops. A 2023 report by the European Labour Authority revealed that France is facing shortages in 95 occupations including agriculture across the nation. Moreover, France emerged among EU countries with the highest number of shortage occupations. To mitigate the shortage, the region adopts smart harvest technologies. 

The growing investment in automation in agriculture is a key driver for the smart harvest market. As labor shortages in rural areas become more severe, farmers are increasingly turning to automated solutions to reduce dependency on manual labor. Automated harvesting technologies including robotic harvesters and AI-powered systems offer faster and more efficient crop collection, reducing costs and increasing productivity. As per findings from the AgTech Trends 2023 survey, more than half of respondents plan to increase investment in on-farm robotics or autonomous systems in the next 24 months in the field (54.8%), for harvesting (60.5%) and for packing (51.3%). Automation also improves precision in harvesting, minimizing crop damage and waste. Moreover, with increasing global food demand automation allows for scaling up operations and maintaining consistency in output. This demand is driving rapid innovation in agricultural automation positioning smart harvesting technologies as essential tools for modern farming. As a result, manufacturers are also releasing new products. For instance, at CES 2024, John Deere featured an automated cotton picking system that picks, processes, and bales RFID-tracked bales of cotton. 

Government initiatives play a crucial role in promoting the adoption of smart harvest technologies. Governments provide financial incentives such as subsidies and grants to encourage farmers to invest in these technologies. Additionally, governments also support the development of smart harvest infrastructure including broadband connectivity and data centers to facilitate the collection and analysis of agricultural data. Furthermore, government regulations and policies create a favorable environment for the deployment and commercialization of smart harvest solutions. The World Bank significantly scaled up its engagement and investment in climate-smart agriculture. In its Climate Change Action Plan (2021- 2025), the World Bank identified agriculture as one of the five key transitions needed to tackle the Paris Agreement By providing these initiatives governments can accelerate the adoption of smart harvest technologies and drive agricultural innovation.

Key companies profiled in the Agriculture Smart Harvest Market are John Deere, AV Motion, Agrobot, AMB Rousset, Fieldwork Robotics, CNH Industrial, Octinion, Dogtooth Technologies Limited, Green Robot Machinery, FFRobotics and Others

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