One of the most wannabe goals for any industry is to accomplish maximum return on investment (ROI) which can be achieved with the finest Harvesting technology Market research report. The main research methodology utilized by the DBMR research team is data triangulation which entails data mining, analysis of the impact of data variables on the market, and primary validation. Market insights of this report will direct for actionable ideas, improved decision-making, and better business strategies. The report is mainly delivered in the form of PDF and spreadsheets while PPT can also be provided depending upon client’s request. To achieve expected success in the business, the Harvesting technology market report plays a significant role.
Data Bridge Market Research analyses that the harvesting technology market which was growing at a value of 12.51 billion in 2021 and is expected to reach the value of USD 20.70 billion by 2029, at a CAGR of 6.5% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.
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COVID-19 Impact on Harvesting Technology Market
While global trade was halted due to lockdowns imposed to control the spread of novel coronaviruses, the food and agriculture industries were severely impacted by freight challenges. Most food categories saw sales decline due to a lack of demand and supply chain disruptions. Although the agricultural industry’s decline due to the pandemic has had a negative impact on the market, farming communities are becoming more aware of the emerging smart harvest market. As human interaction had to be limited during the lockdowns, new harvesting technologies that use machines have been developed. Growing awareness reduced farmer workforce due to urbanization, and rising global food demand will inevitably drive the market once the pandemic is over.
Recent Development
- The Bosch Group increased its investment in The Yield Technology Solutions, an Australian Internet of Things AgTech company, in May 2020. The new $11 million investment brings the Bosch Group’s total investment to $13.3 million.
- Bosch and BASF Digital Farming signed a 50:50 joint venture (JV) agreement in November 2020 to market and sell smart farming solutions globally from a single source in the future. Bosch will contribute hardware, software, and digital services, while BASF will provide “an automated, real-time, field specific agronomic decision-making engine for weed management” through its Xarvio Digital Farming Solutions.
Harvesting is a critical component of any agricultural practise because it affects the overall profitability of the process. Harvesting on time and using effective harvesting methods are becoming increasingly important, particularly in fruit and vegetable production. Smart Harvesting techniques optimize harvesting by utilising existing and real-time data as well as in-field hardware.
Leading Key Players Operating in the Harvesting technology Market Includes:
- Yara International ASA (Norway)
- Koch AG & Energy Solutions LLC (U.S.)
- Coromandel International Limited (India)
- Agriculture Solutions Inc. (Canada)
- Hafia Groups (Israel)
- Sapec Agro S.A. (Portugal)
- Kugler Company (U.S.)
- Israel Chemicals Limited (Israel)
- Van Iperen International B.V. (Netherlands)
- US AG LLC (U.S.)
- Levant Power Corporation (U.S.)
- Honeywell International, Inc. (U.S.)
- Green Peak Technologies (Netherlands)
- Fujitsu (Japan)
- ABB (Switzerland)
- Texas Instruments Inc. (U.S.)
- ST Microelectronics (Switzerland)
This Harvesting technology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Harvesting technology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Harvesting technology Market Scope and Market Size
The harvesting technology market is segmented on the basis of technology, components and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Light energy harvesting
- Vibration energy harvesting
- Frequency energy harvesting
- Thermal energy harvesting
- Radiofrequency energy harvesting
Components
- Power Management Integrated Circuits
- Storage system
- Transducers
- Sensors
- Others
Application
- Horticulture
- Greenhouse
- Crops
- Others
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Research Methodology: Global Harvesting technology Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Harvesting Technology Market Dynamics
Drivers
- The shortage of labours in agricultural practices
A labor shortage in agricultural practices is the primary factor driving farming communities to use efficient harvesting methods. High-value crops such as apples, strawberries, and sweet peppers are becoming less economically viable due to rising labour costs and a decreased number of skilled workers. Farmers of such fruits are increasingly turning to crop-sensing solutions to facilitate effective plucking without causing physical damage to the fruit.
- Implementation of smart harvesting practices to meet rising food demand globally
Rapid population growth is putting pressure on the world’s agricultural sector to increase productivity to meet rising food demand. Farmers are increasingly implementing smart harvest technologies such as harvesting robots, automation, control systems, sensors, and imaging systems to increase profitability and output in less time and at a lower cost. The scarcity of arable land is a major factor driving demand for indoor farming activities and the increased use of smart harvesting technologies to reduce labour costs.
Opportunity
Firms in the target industry focus on business growth through strategies such as advanced product launches, capacity expansion, and heavy production investments in their facilities, which are expected to flourish soon as the global harvesting technology market grows. Furthermore, site-specific nutrient management with precision agriculture, increased demand for industrial crops, and investment in agricultural operations in developing countries provide profitable opportunities to market participants.
Restraints
The high initial cost of purchasing and integrating machines is expected to impede the growth of the precision harvesting market. The precision harvesting market is expected to face challenges in the forecast period due to farmers’ lack of penetration and skills required to fully integrate precision harvesting and agriculture.
Browse TOC with Facts and Figures of Harvesting Technology Market Report @ https://www.databridgemarketresearch.com/toc/?dbmr=global-harvesting-technology-market
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