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Aeroponics Market by Application (Indoor Farming and Outdoor Farming) and Component (Irrigation Component, Lighting, Sensor, Climate Control, Building Material, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

SE_196144
Pages: 178
Oct 2019 | 256 Views
 
Author(s) : Avinash Savekar & Asavari Patil , Supradip Baul
Tables: 82
Charts: 48
 

Aeroponics Market Outlook - 2026

The global aeroponics market was valued at $578.70 million in 2018, and is projected to reach $3.53 billion by 2026, growing at a CAGR of 25.60% from 2019 to 2026. Aeroponics is an indoor gardening practice in which plants are grown and nourished by suspending their root structures in air. The process requires regular spraying of nutrients in a water solution. Aeroponics offers an efficient means to grow plants, including fruits and vegetables, without the need to pot the plants in nutrient-rich soil. In aeroponics system, the roots of plants are misted with nutrients, water, and oxygen. Therefore, this process does not require any containers or trays to hold water. It is an effective and efficient way to grow plants as it requires less water and minimal space compared to traditional farming techniques.

Aeroponics system offers the possibility to enhance crop production and diminish costs compared to traditional farming methods or to any other alternate technique of farming. Aeroponics system successfully utilizes every vertical distance for either farming or production of the greenhouse. This technique does not need pesticides, in addition to zero harmful waste production. The controlled environment of aeroponics has the capability to produce approximately 70% more yield compared to traditional agriculture. The world’s biggest aeroponics farm is under construction, with 6400 m2 of cultivating space without soil.

Aeroponics Market

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The world’s biggest aeroponics farm is under construction, with 6400 m2 of cultivated spaces without soil. The infrastructure is being developed by AeroFarms and is fueled by photo-voltaic panels, which is expected to produce over 2 million kg of vegetables per year. In addition, the UAE received its first vertical aeroponics farm on January 2018 from Indoor Farms of America, an American vertical farming industry. The farm is located in Dubai and is set to open for business in the coming months.

The demand for aeroponics industry is expected to increase rapidly during the forecast period, owing to rise in popularity of organic food and disease-free environment in the agriculture sector. The technologies used in this farming enable to keep track of plant growth and harvesting, which further drives the market growth. However, high initial investment is required for setting the indoor structure and lighting and irrigation systems. Also, the technologies involved in aeroponics farming are nascent, which is expected to have a negative impact on the market growth. Nonetheless, rise in urban population and surge in adoption of technology driven agriculture are expected to provide lucrative aeroponics market opportunities globally.

Aeroponics Market
By Component

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Climate control would exhibit the highest CAGR of 30.3% during 2019-2026.

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Segment Overview

The global aeroponics market trends are analyzed across various segments including application, component, and region. On the basis of component, it is categorized into irrigation component, lighting, sensor, climate control, building material, and others. Depending on application, it bifurcated into indoor farming and outdoor farming.   
The regional segmentation of the market includes North America, Europe, Asia-Pacific, and LAMEA. The European aeroponics market industry is expected to grow at the highest CAGR during the forecast period, owing to growth in concern over availability of water in certain parts, majorly in central and southern regions, rise in demand for organic foods and requirement of ensuring urban food security.

Top Impacting Factors

The significant impacting factors in the aeroponics market include increase in popularity of organic foods, limited arable land for traditional agriculture, and growing popularity of disease-less environment in agriculture. However, high initial investments and developmental phase of technologies used in the aeroponics market pose a major threat, thus, hamper the aeroponics market growth globally. Conversely, surge in adoption of technology driven agriculture and growth in urban population are projected to offer remunerative opportunities to the market. Each of these factors are anticipated to have a definite impact on the aeroponics market during the forecast period. 

Aeroponics Market
By Application

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Indoor Farming would exhibit the highest CAGR of 27.6% during 2019-2026.

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Increase in popularity of organic foods

Organic food refers to the products obtained through farming system that does not use synthetic fertilizers, pesticides, and growth regulators. In the present scenario, people across the globe have become increasingly aware about the source of food that they consume on a daily basis. This results in increase in demand for organic foods. For instance, in North America, the sale of organic food has witnessed significant growth over the past few years. 

Limited arable land for traditional agriculture

According to the United Nations Population Division (2009), the global population is expected to increase from about 6.9 billion in 2010 to 9.2 billion in 2050. Presently, the growth rate of global population is nearly 80 million per annum, which is a major concern, as habitable area of the Earth is limited to nearly 13 billion hectares. Therefore, people have shifted from traditional agricultural techniques to sustainable ways to cater to the increasing demand-supply gap. This is a major factor that drives the adoption of aeroponics farming across the globe as a sustainable, profitable, and ecologically healthy option of traditional farming.

Popularity of disease-free environment in agriculture

The modern idea of aeroponics farming uses indoor farming technique and controlled environment agriculture technology, where all environmental factors can be controlled. These facilities use artificial control of light, environmental control, and fertigation. Controlled environment has a strong potential to improve plant development stages, growth, and health. Usage of aeroponics farming significantly lowers the occupational hazards associated with traditional farming. Such competitive edge provided by aeroponics farming over traditional farming assists its market expansion.

Competitive Analysis

The key players profiled in the report include AeroFarms, Aeroponics (AERO Development Corp), BrightFarms Inc, Evergreen Farm Oy, LettUs Grow, CombaGroup SA, Altius Farms, Ponics Technologies, Living Greens Farm, and Freight Farms. These key players have adopted strategies, such as product portfolio investments, expansion, and product launch to enhance their position in the aeroponics market. 

Aeroponics Market
By Region

2026
Asia-Pacific 
North America
Europe
LAMEA

Europe would exhibit the highest CAGR of 28.8% during 2019-2026.

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Key Benefits for Aeroponics Market :

  • This study comprises analytical depiction of the global aeroponics market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall aeroponics market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current aeroponics market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the aeroponics market industry.
  • The report includes the aeroponics market share of key vendors and market trends.

Aeroponics Market Segments:

By Application

  • Indoor Farming 
  • Outdoor Farming 

By Component

  • Irrigation Component 
  • Lighting 
  • Sensor 
  • Climate Control
  • Building Material 
  • Others

By Region

  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • Germany
    • France 
    • UK
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China 
    • India
    • Japan 
    • Australia
    • Singapore
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Research methodology

1.4.1.    Primary research
1.4.2.    Secondary research
1.4.3.    Analyst tools and models

CHAPTER 2:    EXECUTIVE SUMMARY

2.1.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Key findings

3.2.1.    Top impacting factors
3.2.2.    Top investment pockets

3.3.    Porter’s five forces analysis
3.4.    Patent analysis

3.4.1.    By region (2018–2026)

3.5.    Market dynamics

3.5.1.    Drivers

3.5.1.1.    Increase in popularity of organic food
3.5.1.2.    Limited arable land for traditional agriculture
3.5.1.3.    Popularity of disease-free environment for agriculture

3.5.2.    Restraints

3.5.2.1.    High initial investments

3.5.3.    Opportunities

3.5.3.1.    Increase in urban population
3.5.3.2.    Technological advancements replacing traditional farming techniques

CHAPTER 4:    GLOBAL AEROPONICS MARKET, BY APPLICATION

4.1.    Overview
4.2.    Indoor farming

4.2.1.    Key market trends, growth factors, and opportunities
4.2.2.    Market size and forecast, by region
4.2.3.    Market analysis, by country

4.3.    Outdoor farming

4.3.1.    Key market trends, growth factors, and opportunities
4.3.2.    Market size and forecast, by region
4.3.3.    Market analysis, by country

CHAPTER 5:    GLOBAL AEROPONICS MARKET, BY COMPONENT

5.1.    Overview
5.2.    Irrigation components

5.2.1.    Key market trends, growth factors, and opportunities
5.2.2.    Market size and forecast, by region
5.2.3.    Market analysis, by country

5.3.    Lighting

5.3.1.    Key market trends, growth factors, and opportunities
5.3.2.    Market size and forecast, by region
5.3.3.    Market analysis, by country

5.4.    Sensor

5.4.1.    Key market trends, growth factors, and opportunities
5.4.2.    Market size and forecast, by region
5.4.3.    Market analysis, by country

5.5.    Climate control

5.5.1.    Key market trends, growth factors, and opportunities
5.5.2.    Market size and forecast, by region
5.5.3.    Market analysis, by country

5.6.    Building materials

5.6.1.    Key market trends, growth factors, and opportunities
5.6.2.    Market size and forecast, by region
5.6.3.    Market analysis, by country

5.7.    Others

5.7.1.    Key market trends, growth factors, and opportunities
5.7.2.    Market size and forecast, by region
5.7.3.    Market analysis, by country

CHAPTER 6:    GLOBAL AEROPONICS MARKET, BY REGION

6.1.    Overview
6.2.    North America

6.2.1.    Key market trends, growth factors, and opportunities
6.2.2.    Market size and forecast, by application
6.2.3.    Market size and forecast, by component
6.2.4.    Market analysis, by country

6.2.4.1.    U.S.

6.2.4.1.1.    Market size and forecast, by application
6.2.4.1.2.    Market size and forecast, by component

6.2.4.2.    Canada

6.2.4.2.1.    Market size and forecast, by application
6.2.4.2.2.    Market size and forecast, by component

6.2.4.3.    Mexico

6.2.4.3.1.    Market size and forecast, by application
6.2.4.3.2.    Market size and forecast, by component

6.3.    Europe

6.3.1.    Key market trends, growth factors, and opportunities
6.3.2.    Market size and forecast, by application
6.3.3.    Market size and forecast, by component
6.3.4.    Market analysis, by country

6.3.4.1.    Germany

6.3.4.1.1.    Market size and forecast, by application
6.3.4.1.2.    Market size and forecast, by component

6.3.4.2.    France

6.3.4.2.1.    Market size and forecast, by application
6.3.4.2.2.    Market size and forecast, by component

6.3.4.3.    UK

6.3.4.3.1.    Market size and forecast, by application
6.3.4.3.2.    Market size and forecast, by component

6.3.4.4.    Netherlands

6.3.4.4.1.    Market size and forecast, by application
6.3.4.4.2.    Market size and forecast, by component

6.3.4.5.    Rest of Europe

6.3.4.5.1.    Market size and forecast, by application
6.3.4.5.2.    Market size and forecast, by component

6.4.    Asia-Pacific

6.4.1.    Key market trends, growth factors, and opportunities
6.4.2.    Market size and forecast, by application
6.4.3.    Market size and forecast, by component
6.4.4.    Market analysis, by country

6.4.4.1.    China

6.4.4.1.1.    Market size and forecast, by application
6.4.4.1.2.    Market size and forecast, by component

6.4.4.2.    India

6.4.4.2.1.    Market size and forecast, by application
6.4.4.2.2.    Market size and forecast, by component

6.4.4.3.    Japan

6.4.4.3.1.    Market size and forecast, by application
6.4.4.3.2.    Market size and forecast, by component

6.4.4.4.    Australia

6.4.4.4.1.    Market size and forecast, by application
6.4.4.4.2.    Market size and forecast, by component

6.4.4.5.    Singapore

6.4.4.5.1.    Market size and forecast, by application
6.4.4.5.2.    Market size and forecast, by component

6.4.4.6.    Rest of Asia-Pacific

6.4.4.6.1.    Market size and forecast, by application
6.4.4.6.2.    Market size and forecast, by component

6.5.    LAMEA

6.5.1.    Key market trends, growth factors, and opportunities
6.5.2.    Market size and forecast, by application
6.5.3.    Market size and forecast, by component
6.5.4.    Market analysis, by country

6.5.4.1.    Brazil

6.5.4.1.1.    Market size and forecast, by application
6.5.4.1.2.    Market size and forecast, by component

6.5.4.2.    Saudi Arabia

6.5.4.2.1.    Market size and forecast, by application
6.5.4.2.2.    Market size and forecast, by component

6.5.4.3.    South Africa

6.5.4.3.1.    Market size and forecast, by application
6.5.4.3.2.    Market size and forecast, by component

6.5.4.4.    Rest of LAMEA

6.5.4.4.1.    Market size and forecast, by application
6.5.4.4.2.    Market size and forecast, by component

CHAPTER 7:    COMPETITIVE LANDSCAPE

7.1.    Introduction
7.2.    Top winning strategies
7.3.    Key developments

7.3.1.    New product launches
7.3.2.    Other developments

CHAPTER 8:    COMPANY PROFILE

8.1.    AEROFARMS

8.1.1.    Company overview
8.1.2.    Company snapshot
8.1.3.    Product portfolio
8.1.4.    Farms
8.1.5.    Key strategic moves and developments

8.2.    AEROPONICS (AERO DEVELOPMENT CORP)

8.2.1.    Company overview
8.2.2.    Company snapshot
8.2.3.    Product portfolio

8.3.    BRIGHTFARMS INC.

8.3.1.    Company overview
8.3.2.    Company snapshot
8.3.3.    Product portfolio
8.3.4.    Key strategic moves and developments

8.4.    EVERGREEN FARM OY.

8.4.1.    Company overview
8.4.2.    Company snapshot
8.4.3.    Product portfolio

8.5.    LETTUS GROW

8.5.1.    Company overview
8.5.2.    Company snapshot
8.5.3.    Product portfolio

8.6.    COMBAGROUP SA

8.6.1.    Company overview
8.6.2.    Company snapshot
8.6.3.    Product portfolio

8.7.    ALTIUS FARMS

8.7.1.    Company overview
8.7.2.    Company snapshot
8.7.3.    Product portfolio

8.8.    PONICS TECHNOLOGIES

8.8.1.    Company overview
8.8.2.    Company snapshot
8.8.3.    Product portfolio

8.9.    LIVING GREENS FARM

8.9.1.    Company overview
8.9.2.    Company snapshot
8.9.3.    Product portfolio
8.9.4.    Key strategic moves and developments

8.10.    FREIGHT FARMS

8.10.1.    Company overview
8.10.2.    Company snapshot
8.10.3.    Product portfolio
8.10.4.    Key strategic moves and developments

LIST OF TABLES

TABLE 01.    GLOBAL AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 02.    INDOOR FARMING MARKET, BY REGION 2018–2026 ($MILLION)
TABLE 03.    OUTDOOR FARMING AEROPONICS MARKET, BY REGION 2018–2026 ($MILLION)
TABLE 04.    GLOBAL AEROPONICS MARKET, BY COMPONENT, 2018–2026($MILLION)
TABLE 05.    AEROPONICS MARKET REVENUE FOR IRRIGATION COMPONENTS, BY REGION 2018–2026 ($MILLION)
TABLE 06.    AEROPONICS MARKET REVENUE FOR LIGHTING, BY REGION 2018–2026 ($MILLION)
TABLE 07.    AEROPONICS MARKET REVENUE FOR SENSOR, BY REGION 2018–2026 ($MILLION)
TABLE 08.    AEROPONICS MARKET REVENUE FOR CLIMATE CONTROL, BY REGION 2018–2026 ($MILLION)
TABLE 09.    AEROPONICS MARKET REVENUE FOR BUILDING MATERIALS, BY REGION 2018–2026 ($MILLION)
TABLE 10.    AEROPONICS MARKET REVENUE FOR OTHERS, BY REGION 2018–2026 ($MILLION)
TABLE 11.    AEROPONICS MARKETREVENUE, BY REGION 2018–2026 ($MILLION)
TABLE 12.    NORTH AMERICA AERPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 13.    NORTH AMERICA AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 14.    U.S. AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 15.    U.S. AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 16.    CANADA AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 17.    CANADA AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 18.    MEXICO AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 19.    MEXICO AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 20.    EUROPE AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 21.    EUROPE AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 22.    GERMANY AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 23.    GERMANY AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 24.    FRANCE AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 25.    FRANCE AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 26.    UK AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 27.    UK AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 28.    NETHERLANDS AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 29.    NETHERLANDS AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 30.    REST OF EUROPE AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 31.    REST OF EUROPE AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 32.    ASIA-PACIFIC AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 33.    ASIA-PACIFIC AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 34.    CHINA AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 35.    CHINA AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 36.    INDIA AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 37.    INDIA AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 38.    JAPAN AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 39.    JAPAN AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 40.    AUSTRALIA AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 41.    AUSTRALIA AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 42.    SINGAPORE AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 43.    SINGAPORE AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 44.    REST OF ASIA-PACIFIC AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 45.    REST OF ASIA-PACIFIC AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 46.    LAMEA AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 47.    LAMEA AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 48.    BRAZIL AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 49.    BRAZIL AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 50.    SAUDI ARABIA AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 51.    SAUDI ARABIA AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 52.    SOUTH AFRICA AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 53.    SOUTH AFRICA AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 54.    REST OF LAMEA AEROPONICS MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 55.    REST OF LAMEA AEROPONICS MARKET, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 56.    KEY NEW PRODUCT LAUNCHES (2016-2019)
TABLE 57.    OTHER KEY DEVELOPMENTS (2016-2019)
TABLE 58.    AEROFARMS: COMPANY SNAPSHOT
TABLE 59.    AEROFARMS: PRODUCT PORTFOLIO
TABLE 60.    AEROFARMS: FARMS
TABLE 61.    AEROFARMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 62.    AEROPONICS: COMPANY SNAPSHOT
TABLE 63.    AEROPONICS: PRODUCT PORTFOLIO
TABLE 64.    BRIGHTFARMS INC.: COMPANY SNAPSHOT
TABLE 65.    BRIGHTFARMS INC.: PRODUCT PORTFOLIO
TABLE 66.    BRIGHTFARMS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 67.    EVERGREEN FARM OY.: COMPANY SNAPSHOT
TABLE 68.    EVERGREEN FARM OY.: PRODUCT PORTFOLIO
TABLE 69.    LETTUS GROW: COMPANY SNAPSHOT
TABLE 70.    LETTUS GROW: PRODUCT PORTFOLIO
TABLE 71.    COMBAGROUP SA: COMPANY SNAPSHOT
TABLE 72.    COMBAGROUP SA: PRODUCT PORTFOLIO
TABLE 73.    ALTIUS FARMS: COMPANY SNAPSHOT
TABLE 74.    ALTIUS FARMS: PRODUCT PORTFOLIO
TABLE 75.    PONICS TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 76.    PONICS TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 77.    LIVING GREENS FARM: COMPANY SNAPSHOT
TABLE 78.    LIVING GREENS FARM: PRODUCT PORTFOLIO
TABLE 79.    LIVING GREENS FARM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 80.    FREIGHT FARMS: COMPANY SNAPSHOT
TABLE 81.    FREIGHT FARMS: PRODUCT PORTFOLIO
TABLE 82.    FREIGHT FARMS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.    KEY MARKET SEGMENTS
FIGURE 02.    EXECUTIVE SUMMARY, BY SEGMENTATION
FIGURE 03.    EXECUTIVE SUMMARY, BY GEOGRAPHY
FIGURE 04.    TOP IMPACTING FACTORS
FIGURE 05.    TOP INVESTMENT POCKETS
FIGURE 06.    HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.    MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 08.    MODERATE THREAT OF SUBSTITUTES
FIGURE 09.    LOW-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 10.    MODERATE BARGAINING POWER OF BUYERS
FIGURE 11.    PATENT ANALYSIS, BY COUNTRY
FIGURE 12.    GLOBAL AEROPONICS MARKET SHARE, BY APPLICATION, 2018–2026 (%)
FIGURE 13.    COMPARATIVE SHARE ANALYSIS INDOOR AEROPONICS FARMING MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 14.    COMPARATIVE SHARE ANALYSIS OUTDOOR FARMING AEROPONICS MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 15.    GLOBAL AEROPONICS MARKET SHARE, BY COMPONENT, 2018–2026 (%)
FIGURE 16.    COMPARATIVE SHARE ANALYSIS OF AEROPONICS MARKET FOR IRRIGATION COMPONENTS, BY COUNTRY,  2018 & 2026 (%)
FIGURE 17.    COMPARATIVE SHARE ANALYSIS OF AEROPONICS MARKET FOR LIGHTING, BY COUNTRY, 2018 & 2026 (%)
FIGURE 18.    COMPARATIVE SHARE ANALYSIS OF AEROPONICS MARKET FOR SENSOR, BY COUNTRY, 2018 & 2026 (%)
FIGURE 19.    COMPARATIVE SHARE ANALYSIS OF AEROPONICS MARKET FOR CLIMATE CONTROL, BY COUNTRY,  2018 & 2026 (%)
FIGURE 20.    COMPARATIVE SHARE ANALYSIS OF AEROPONICS MARKET FOR BUILDING MATERIALS, BY COUNTRY,  2018 & 2026 (%)
FIGURE 21.    COMPARATIVE SHARE ANALYSIS OF AEROPONICS MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 22.    GLOBAL AEROPONICCS MARKET, BY REGION, 2018–2026 (%)
FIGURE 23.    COMPARATIVE SHARE ANALYSIS OF NORTH MAERICA AEROPONICS MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 24.    U.S. AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 25.    CANADA AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 26.    MEXICO AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 27.    COMPARATIVE SHARE ANALYSIS OF EUROPE AEROPONICS MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 28.    GERMANY AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 29.    FRANCE AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 30.    UK AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 31.    NETHERLANDS AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 32.    REST OF EUROPE AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 33.    COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC AEROPONICS MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 34.    CHINA AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 35.    INDIA AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 36.    JAPAN AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 37.    AUSTRALIA AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 38.    SINGAPORE AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 39.    REST OF ASIA-PACIFIC AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 40.    COMPARATIVE SHARE ANALYSIS OF LAMEA AEROPONICS MARKET, BY COUNTRY, 2018–2026 (%)
FIGURE 41.    BRAZIL AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 42.    SAUDI AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 43.    SOUTH AFRICA AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 44.    REST OF LAMEA AEROPONICS MARKET, 2018–2026 ($MILLION)
FIGURE 45.    MARKET PLAYER POSITIONING (2018)
FIGURE 46.    TOP WINNING STRATEGIES, BY YEAR, 2016-2019*
FIGURE 47.    TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016-2019*
FIGURE 48.    TOP WINNING STRATEGIES, BY COMPANY, 2016-2019*

 
 

Growth in population fuels the demand for both more food and the land to grow it; however, availability of arable land is limited and expensive. Aeroponics is an indoor gardening practice in which plants are grown and nourished by suspending their root structures in air. The process requires regular spraying of nutrients in a water solution. Aeroponics offers an efficient means to grow plants, including fruits and vegetables, without the need to pot the plants to nutrient-rich soil. In aeroponics system, the roots of plants are misted with nutrients, water, and oxygen. Therefore, this process do not require any containers or trays to hold water. It is an effective and efficient way to grow plants as it requires less water and minimal space compared to traditional farming techniques. 

Presently, around 54% of the world’s population resides in urban areas and is expected to reach 66% by 2050. The future cities are expected to produce their own food due to increase in global population and limited area of arable land. In addition, food supplies from traditional farming are used by the urban population. These farmers use pesticides to achieve higher yield and preservatives to extend shelf life of foods. Rise in demand for fresh, home-grown organic food has fueled the growth of the aeroponics market. 

According to United Nations Population Division (2009), the global population is expected to increase from about 6.9 billion in 2010 to 9.2 billion in 2050. Presently, the growth rate of global population is nearly 80 million per annum. This is a major concern, as habitable area of Earth is limited to nearly 13 billion hectares. In 2008, the total arable area in the world was near about 4.88 billion hectares. The growth of the aeroponics market is driven by food security, adverse effects of farming on the ecosystem & climate, fitness & nutrition, and others. Moreover, shift from traditional agricultural techniques to aeroponics farming to cater to the increase in demand–supply gap boosts the market growth. 

Aeroponics system offers the possibility to enhance crop production and diminish costs compared to traditional farming methods or to any other alternate technique of farming. Aeroponics system successfully utilizes every vertical distance for either farming or production of greenhouses. Every area available in greenhouse is used for maximum production of food per area. This technique does not use pesticides, in addition to zero harmful waste production in the environment. The controlled environment of aeroponics has the capability to produce approximately 70% more yield than traditional agriculture. 
North America is the second highest revenue contributor to the global aeroponics market, after Asia-Pacific. The market growth is attributed to factors such as alarming rate of water level depletion, presence of drought-stricken states, and increase in environmental concerns.

Key players in the aeroponics market are AeroFarms, Aeroponics (AERO Development Corp), BrightFarms Inc, Evergreen Farm Oy, LettUs Grow, CombaGroup SA, Altius Farms, Ponics Technologies, Living Greens Farm, and Freight Farms. 


 

 

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