ID: MRFR/SEM/7144-CR | November 2019 | Region: Global | 105 pages
Global Indoor Farming Robots Market size is poised to reach a value of USD 358.5 Million by 2025, according to the report by Market Research Future (MRFR). It is deemed to exhibit 22.53% CAGR over the forecast period (2019-2025). Indoor farming robots are expected to witness traction owing to the massive demand for food and emergence of vertical farming. The robots can take care of hard labor and harvesting while leaving the plant health and nutrition on farmers.
The COVID-19 pandemic has had a positive impact on the farming industry as farmers rely on robots and drones for cultivation of crops. The minimum physical contact guideline can curb the spread of the COVID-19 virus. The shortage of laborers and investments in artificial intelligence and automation can spur the yield rate and protect humans. Sensors integrated into automated systems can schedule light, water, humidity, and CO2 levels for optimum results.
Global Indoor Farming Robots Market is highly competitive owing to the high demand for fresh produce and investments by venture capital firms. Rising trend of agritech and automation coupled with shift to AI has led to developments in features and attributes of robots. The entry of startups and private firms into the sector for producing successful yields as meeting the shortage of laborers can be opportune for market players.
The global indoor farming robots market report by MRFR looks at the dynamic changes in the agriculture industry owing to policies and reforms by various governments. Fluctuations in trade policies and implementation of latest technologies are likely to navigate the market in the coming years. It is segmented in the following manner for readers:
Frequently Asked Questions (FAQ) :
The global indoor farming robots market is poised to register a market value of USD 358.5 million.
The indoor farming robot market was valued at USD 89.7 million in 2018.
There are two types of automated indoor farming robots – semi-automated and fully automated, wherein the semi-automated type is driving the market growth.
The market is expected to expand at a CAGR of approximately 21.43% over the review period (2019-2025).
A few of the significant market players operating in the global indoor farming robots market are BV(Netherlands), FodderWorks(US), Harvest Automation(US), Javo(Netherlands), FarmBot Inc.(US), and Metomotion(Israel) among others.