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.
Indoor Farming Robots Market – Competitive
Analysis
Highly competitive, the Indoor
Farming Robots Market Analysis appears fragmented due to the presence
of several well-established players. To gain a larger competitive share,
industry players adopt strategies, such as mergers & acquisitions,
collaboration, expansion, and product/technology launch. They make substantial
R&D investments to drive research and development of new technologies and
cost-effective portfolios. Considerable investments go into expansion plans to
increase global reach and to gain diverse expertise.
Major Players:
Players leading the Global indoor farming robots market are
OnRobot(Denmark), Iron-Ox(US), Visser Horti Systems BV(Netherlands), Harvest
Automation(US), FodderWorks(US), Root AI(US), FarmBot Inc.(US),
Javo(Netherlands), and Metomotion(Israel), among others.
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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.
Additionally, increasing demand for indoor farm robots with 3D
cameras that scan the module collect & analysis information fosters the
growth of the market, improving specific operations. The coronavirus pandemic
has led to a spike in interest and investment in farm robotics and automation
due to the shortages of agricultural workers. Also, the UV technology's ability
to kill viruses is garnering huge market prominence.
Together with vertical farms, where vegetables and herbs grown
indoors under LED lights, indoor robotics has also led to increase investments
in the development of robotics. The rise in demand for sensors and processors
that power machine learning and the algorithms behind the robots increase the
size of the market, progressing rapidly over the past few years. Rising
automation to improve farming operations efficiency increases the adoption of
robotics.
Conversely, the high cost of indoor farming robots and lack of
regulatory uniformity are the key factors expected to impede market growth.
Nevertheless, the increasing adoption of agro robots for surveillance would
support market growth, giving rise to many opportunities.
Indoor Farming Robots Market – Segments
The report is segmented into four dynamics;
By Type : Robot Gripper, Cutting Robot, Robotic Fodder,
Material Handling Robot, Incubators, Monitoring Drones, and others.
By Automation:
Semi-Autonomous and Fully Autonomous.
By Application: Fruits
& Vegetables, Floriculture, and others.
By Regions : Americas, Europe, APAC, and the
Rest-of-the-World.
Global Indoor Farming Robots Market – Regional
Analysis
Europe dominates the global Indoor Farming Robotic Market. The
largest market share attributes to the rising adoption of indoor farming robots
to increase farm production. Besides, the growing food demand boosts the indoor
farming robots market. Countries such as Germany, the UK, and France account
for key market shares in the regional market. The European indoor farming
robots market is estimated to retain its dominance throughout the projected
period.
The Asia Pacific region stands second in the indoor farming
robots market. The market is driven by the proliferating trend of indoor plants
and greenhouses. Additionally, the ever-increasing population encourages indoor
farming robots, creating a significant demand for fruits and vegetables.
Furthermore, the proliferation of hydroponics and vertical farming has uplifted
the demand for indoor farming robots in the region. The APAC indoor farming
robots market is anticipated to grow at a substantial CAGR during the
assessment period.
North America as emerged as a promising market for indoor
farming robots. Factors such as the rising technological advances and the
presence of many industry players and technology development centers increase
the size of the market. Besides, spurring growth in the horticulture and
aquaculture sectors influences the growth of the market. Moreover, prevailing
hydroponic, aquaponic, and vertical farming trends boost the growth of indoor farming
robots in the region.
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Industry/ Innovation/ Related News:
September 09, 2020 ---- Iron Ox,
Inc. (the US), a leading global robotics farming company, announced
the close of a USD 20 MN funding round to grow robotic greenhouse operations. The
funding would be used to open additional robotic growing facilities in
California and other parts of the US. The budget would also be used to hire
additional machine learning and robotics experts and growers and scientists who
work with plants.
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