Indoor Farming Robots Market Outlook - 2030
Indoor farming is the practice of cultivating foods or plants on a small or large scale indoors. It employs techniques such as hydroponics and aquaponics, as well as artificial lighting to ensure proper nutrition and light levels. Indoor farming robots are equipped with 3D cameras that can scan and acquire information from modules placed in front of them, allowing them to execute specific tasks such as plant inspection, harvesting, and sowing. Indoor farming robots assist in holding, tightening, controlling, and releasing things in a manner comparable to that of a human hand. Furthermore, AI-based robots aid in the improvement of crop quality as well as the detection of illnesses and pests in plants. Furthermore, AI-based robots aid in the improvement of crop quality as well as the detection of illnesses and pests in plants. These advantages of adopting indoor farming robots industry is lucrative.
The global indoor farming robots market is segmented on the basis of type, automation, application and region, industry vertical and region. Based on type, the market is divided into monitoring drones, cutting robot, robotic fodder, material handling robot, incubators, robot gripper, others. In terms of automation, the market is categorized into fully autonomous, semi-autonomous. On the basis of application, the market is divided into floriculture, fruit’s cultivation, vegetable’s cultivation, others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global indoor farming robots industry include FarmBot Inc., FodderWorks, OnRobot, Javo, Root AI, Iron-Ox, Metomotion, Harvest Automation, Visser Horti Systems BV, Postscapes. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global indoor farming robots market.
COVID-19 Impact Analysis
The COVID-19 pandemic has slowed the growth of several sectors, including automobiles, oil and gas, and others. During this pandemic, the usage of robots has expanded considerably to aid boost the production of food grains to meet the rising demand for food and to help prevent the spread of COVID-19 by reducing physical contact between humans. These robots are assisting farmers in the face of a labor shortage. Because of the COVID-19 pandemic, the agriculture business is investing heavily in finding new ways to boost agricultural productivity through artificial intelligence (AI) and automation, which can reduce human involvement and protect human health during the pandemic. Because of the scarcity of workers and the necessity to avoid the spread of COVID-19 among the small number of workers, the use of robots is expected to expand following the lockdown. All these factors are limiting the growth of indoor farming robots market share globally.
Top Impacting Factors
The major drivers driving the indoor farming robot market size include rise in population and surge in demand for food supply, shortage in agricultural labor, and increase in use of vertical farming. Vertical faming is a farming practice that has gained popularity due to its several advantages such as maximum crop yield, and saves time. Expensive cost of indoor farming robots and a lack of regulatory standardization, on the other hand, are two important challenges that may limit the indoor farming robots market growth.
Market Trends
New Product Launches to Flourish the Market
In June 2021, California Giant Berry Farms based in US announced a partnership with OnePointOne, a technology startup based in the U.S. that specializes in vertical farming, to bolster that claim. The partnership's ultimate goal is to boost berry production while also bringing produce closer to customers. California Giant will collaborate with OnePointOne to produce "an exclusive strawberry cultivar," a berry-growing aeroponic vertical farming technology. OnePointOne will offer the technology, which will involve AI and robotics, while California Giant will share its berry-growing knowledge and data. Grov Technologies, a U.S. based animal agriculture vertical farming newcomer acquired by Nu Skin Enterprises, an American multilevel marketing company in 2016, announced in December 2020 that it was working with Amazon Web Services (AWS) to apply cloud-based machine learning capabilities to its vertical robotic farming indoor platform to grow high-density nutrient (HDN) animal feed.
Surge In Usage in Agriculture Sector
Indoor agriculture with fully automated equipment is still a relatively new phenomena, but several firms are making significant progress in the area. For instance, Iron Ox, U.S. based which operates autonomous robotic greenhouses, claims to have the world's first autonomous farm, which measures over 8,000 square feet. The interior does not resemble a conventional farm field. Instead, it's crammed with large hydroponic trays and two cloud-controlled robots that keep an eye on the entire operation. The major ingredients are leafy greens and herbs like chives, parsley, and sorrel. It is expected that agricultural robotics will be a leader in the indoor farming business.
Key Benefits of the Report
- This study presents the analytical depiction of the indoor farming robots market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the indoor farming robots market share.
- The current market is quantitatively analyzed to highlight indoor farming robots market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed indoor farming robots market analysis based on competitive intensity and how the competition will take shape in coming years
Questions Answered in Indoor Farming Robots Market Report
- What are the leading market players active in the indoor farming robots market opportunity?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the indoor farming robots market?
- What are the projections for the future would help in taking further strategic steps?
- Upcoming report specific FAQs examples:
- What is indoor farming robots market trends?
- What does indoor farming robots market size allow organizations to achieve?
- Which technologies combine to make indoor farming robots market a critical organizational asset?
- What are the key benefits of the indoor farming robots market report?
- Which niches should companies associated with recent improvements establish a presence in?
- Upcoming report specific FAQs examples:
Indoor Farming Robots Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Automation |
|
 By Application |
|
 By Region |
|
 Key Market Players | FarmBot Inc., Metomotion, Harvest Automation, Root AI, Iron-Ox, Visser Horti Systems BV, FodderWorks, Postscapes, Javo, OnRobot |
Loading Table Of Content...
