Global Indoor Farming Robots Market Size To Exceed USD 8.30 Billion By 2033 | CAGR Of 20.46%
Category: AgricultureGlobal Indoor Farming Robots Market Size To Exceed USD 8.30 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Indoor Farming Robots Market Size is expected to Grow from USD 1.29 Billion in 2023 to USD 8.30 Billion by 2033, at a CAGR of 20.46% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 100 Market data tables and figures & charts from the report on the “Global Indoor Farming Robots Market Size, Share, and COVID-19 Impact Analysis By Type (Harvesting Robots, Planting Robots, Weeding Robots, and Others), By Application (Vegetable Cultivation, Fruit Cultivation, and Others), By Technology (Artificial Intelligence, Machine Learning, IoT, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/indoor-farming-robots-market
The Indoor farming robots market refers to computer-controlled machines and robotized systems specifically used to carry out farm work inside controlled indoor spaces like vertical farms, greenhouses, or plant factories. These robots streamline and optimize processes like planting, seeding, watering, harvesting, monitoring health, and controlling environmental conditions. Indoor farming systems are becoming more efficient as automation and robotics technology continue to develop, with robots enhancing tasks like planting, harvesting, and checking plant health. Additionally, the use of artificial intelligence and machine learning enhances the accuracy and productivity of indoor farms, leading to higher yields and reduced operating costs. Furthermore, technological innovations in robotics, AI, and IoT are making indoor farming robots more efficient, flexible, and cost-effective, thus promoting their adoption by farmers and agribusinesses. Furthermore, increasing awareness of the environmental advantages of indoor farming, including lower water consumption and the elimination of pesticides, is also driving market growth. However, the requirement for training and support services to facilitate the proper utilization of robotic solutions is necessary, but it also contributes to the overall expense.
The harvesting robots accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on type, the Indoor farming robots market is segmented into harvesting robots, planting robots, weeding robots, and others. Among these, the harvesting robots segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by the businesses investing more in creating autonomous harvesting robots capable of working in various indoor environments, which in turn is increasing market growth.
The vegetable cultivation segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on application, the global Indoor farming robots market is divided into vegetable cultivation, fruit cultivation, and others. Among these, the vegetable cultivation segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to the growing customer demand for organic and pesticide-free vegetables is further driving the adoption of indoor farming robots.
The artificial intelligence segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on technology, the global indoor farming robots market is categorized into artificial intelligence, machine learning, IoT, and others. Among these, the artificial intelligence segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to the incorporation of AI into indoor farm robots increases their capacity to learn from experience, respond to changing situations, and gain efficiency with time.
North America is expected to hold the majority share of the global Indoor farming robots market during the forecast period.
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North America is expected to hold the majority share of the global Indoor farming robots market during the forecast period. The availability of large technology players and research organizations, and government support for intelligent farming practices, is driving innovation and uptake of indoor farming robots.
Asia-Pacific is anticipated to grow at the fastest pace in the global Indoor farming robots market during the forecast period. The market is driven by the growing region's emphasis on improving food security, decreasing reliance on food imports, and ensuring sustainable agriculture is fueling the need for indoor farming robots.
Major vendors in the global Indoor farming robots market are Iron Ox, Bowery Farming, Plenty, AeroFarms, Spread Co., Ltd., Agrobot, Naio Technologies, Harvest Automation, Octinion, Root AI, FarmBot Inc., FFRobotics, LettUs Grow, and Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In March 2024, French business SIZA Robotics launched its commercial pre-series of an autonomous vegetable and beet crop robot. The robot, called TOOGO, can be pre-ordered and will be shipped in 2025.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Indoor farming robots market based on the below-mentioned segments:
Global Indoor Farming Robots Market, By Type
- Harvesting Robots
- Planting Robots
- Weeding Robots
- Others
Global Indoor Farming Robots Market, By Application
- Vegetable Cultivation
- Fruit Cultivation
- Others
Global Indoor Farming Robots Market, By Technology
- Artificial Intelligence
- Machine Learning
- IoT
- Others
Global Indoor Farming Robots Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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