Indoor Farming Robots Market-Overview
Market
Research Future (MRFR) asserts that the global indoor farming robots market is
projected to grow USD 358.5 MN by 2025, registering 21.43% CAGR during the
review period (2019 – 2025). Improvements in the manufacturing of robot arms
and mechanical parts boost market sales. Increasing demand to increase the
fruits & vegetables and grain production substantiate market growth. Also,
decreasing arable land pushes market growth, driving the indoor planting
demand.
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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 Size 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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