Harvesting Robots are Projected to Have the Fastest Growth Among Hardware in the Smart Harvest Market
The smart harvest market is projected to reach USD 15.6 billion by 2023, from USD 9.0 billion in 2018, at a CAGR of 11.81% during the forecast period. The rise in population has led to increased food demand, which in turn has led to increased pressure on farmers to increase yield and area harvested for various crops. However, global labor shortage in agriculture is one of the major factors leading to loss of yield due to improper maintenance and farming practices. To cater to this issue, farmers are highly adopting farm mechanization and other smart agriculture techniques to optimize their crop yields. Download PDF Brochure The smart harvest market has been segmented on the basis of component into hardware and software. The market for software is projected to record the higher CAGR between 2018 and 2023. The hardware aspect of the smart harvest market includes harvesting robots, automation and control systems, sensors, and imaging systems. All three hardware components are designed to...