Global indoor farming robots market size was US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of 22.53% during forecast period.
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Indoor farming robots are used to perform repetitive tasks of indoor farming such as harvesting and picking, autonomous mowing, pruning, seeding, spraying, thinning and plant inspection. Indoor farming is a process of growing plants or crops, typically on a large scale, entirely indoors.
The global indoor farming robots market research report provides the detailed analysis of the growth factors, restraints, challenges and future opportunities of the market and also covers the impact of COVID- 19 pandemic on the global market. The growing advanced technologies in the field of agricultural robotics automation is major driving factor behind the growth of market. Rising population and insufficient availability of suitable land for growing crops, limited availability of farm labour, surge in the demand for organic food across the globe and growing popularity and adoption of vertical farming in indoor agriculture are expected to improve the growth of market during forecast period. Indoor farming robots provides some major benefits such as flexibility to perform a variety of tasks, more consistency than human, increased production and profit margin, fewer errors and high speed of performing indoor farming tasks, which are ultimately propelling the growth of market.
However, high cost to buy indoor farming robots and need of timely maintenance to keep them running are major restraining factors that could hamper the growth of market. High cost of research and development and high energy cost could hinder the growth of market.
Global Indoor Farming Robots Market: Segmentation Analysis
Global Indoor Farming Robots Market1
By type, robot gripper segment held the largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. Robot gripper is the part of robotic automation system which is used to hold, tighten, handle and release an object. It works similar as the human hands. The high adoption of robot grippers to harvest the target crops in indoor farming is driving the growth of market. Also design of the robot gripper is based on simplicity, effectiveness and low cost, which is further propelling the growth of market. Additionally, material handling robot segment held the second largest market share in 2019 and is projected to continue its growth at CAGR of XX% during forecast period. Growing demand of material handling robots in indoor farming to perform tasks such as movement of farming products is driving the growth of market. Robotic fodder is used in making fodder indoors without soil, fertilizer, or sunlight.
Global Indoor Farming Robots Market: Regional Analysis
Region wise, Europe held the largest market share in 2019 and is expected to maintain its dominance at CAGR of 21.43% during forecast period. The UK, Germany and France are major key contributors behind the growth of market. The growth is attributed to the limited availability of suitable land for growing crops and maximum availability of area under indoor farming.
Growing adoption of indoor vertical farming in the region and rising demand for organic food across the globe are driving the growth of market. Europe has developed advanced technologies in the field of indoor farming, which is ultimately propelling the growth of market in the region.
The objective of the report is to present a comprehensive analysis of the Global Indoor Farming Robots Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Indoor Farming Robots Market dynamics, structure by analyzing the market segments and projects the Global Indoor Farming Robots Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Indoor Farming Robots Market make the report investor’s guide.
The Scope of Global Indoor Farming Robots Market
Global Indoor Farming Robots Market, By Type
• Robot Gripper
• Cutting Robot
• Robotic Fodder
• Material Handling Robot
• Monitoring Drones
Global Indoor Farming Robots Market, By Automation
• Fully Autonomous
Global Indoor Farming Robots Market, By Application
Global Indoor Farming Robots Market, By Region
• North America
• Asia Pacific
• South America
• Middle East & Africa
Global Indoor Farming Robots Market, Key Players
• Visser Horti Systems BV
• Harvest Automation
• Root AI
• FarmBot Inc
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