Indoor Farming Robots Market-Overview
The use of robots in farming is expected to rise as the human
counterparts move towards other better-paying professions, spurring the indoor
farming robots market 2020. The semiconductors and electronics industry reports
are produced by Market Research Future, which highlights market options for
expansion. A 22.53% CAGR is expected to guide the market to USD 358.5 Million
by 2025.
The labor-intensive nature of agriculture is expected to
advocate the use of indoor robots, thus spurring the overall market. The
restricted accessibility of arable land is predicted to enhance the indoor
farming robot market in the forecast period.
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The central contenders in the Indoor Farming Robots Market are
OnRobot (Denmark), Iron-Ox (US), Harvest Automation (US), Root AI (US), Javo
(Netherlands), FodderWorks (US), Visser Horti Systems BV (Netherlands), FarmBot
Inc. (US), and Metomotion (Israel) among others.
Segmental Analysis
The segmentation of the Indoor
Farming Robots Market Research is segmented into type,
automation, application, and region. Based on the automation, the indoor
farming robots market is segmented into semi-autonomous and fully autonomous.
Based on the region, the indoor farming robots market is segmented into
Asia-Pacific, Europe, North America, and the rest of the regions. Based on the
application, the indoor farming robots market is segmented into fruits,
vegetables, and floriculture. Based on the type, the indoor farming robots
market is segmented into robotic fodder, cutting robot, robot gripper, material
handling robot, monitoring drones, incubators, and others.
Detailed Regional Analysis
The regional assessment of the indoor farming robots market
includes regions such as Asia-Pacific, Europe, North America, and the rest of
the regions. The European region was accountable for the principal market worth
of USD 33.1 Million in 2018. The indoor farming robots market is likely to
record a CAGR of 21.43% for the period of the forecast period. The European
region will dominate the indoor farming robots market all through the forecast
period due to restricted arable land with augmented demand for freshly
cultivated food.
Competitive Analysis
The need to prepare for contingencies such as natural
disasters, pandemics, and international trade wars is expected to allow the
market a better capability to deal with the challenges. The scope of
development of the market shows a high growth potential that the market can
achieve in the coming years. The strategic allocation and positioning of assets
is expected to aid each competitor in the mart with their growth goals. The
inducement of favorable regulations introduced by the governments of several
countries is estimated to enhance the profits that can be gained by the market.
The availability of suitable means to build robust distribution channels is
estimated to characterize the future expansion of the market in the forecast
period. The stability of the economic state is expected to further lend to the
favorable development in the global market strength. The improvement in
research and development facilities and equipment is further projected to
influence the growth of the market in the forecast period.
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Industry Updates:
Jan 2020 Naïo Technologies, dedicated to
developing agricultural robots, recently announced the close of a €14 million
funding round led by Bpifrance. The Impact investor Pymwymic and its past
shareholders, Capagro and Demeter, sided with Bpifrance in this investment
round. This fresh investment round will facilitate Naïo Technologies to
additionally take advantage of on its place as a leader in agricultural
robotics and arrive at the next level of technology development in order to
ready the robots for mass production.
Oct 2019 A farm, from a startup known as
Fifth Season, has start selling spinach, lettuce, and other leafy greens, by
means of a robot-based system that the creators say is cost-competitive with
growing and transporting the same crops from a conventional farm.
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