Indoor Farming Robots Market-Overview

The global indoor farming robots market is growing continually. The market growth attributes to the rising adoption of robotics to improve greenhouse and indoor farming operations. Besides, increasing demand for indoor farming robots to perform harvesting, seeding, and plant inspection drives the market growth. Moreover, growing advances in vision cameras, artificial intelligence, and sensing technology escalate the growth of the market.

Market Research Future (MRFR) asserts that the global indoor farming robots market is projected to grow USD 358.5 MN by 2025, registering 21.43% CAGR during the review period (2019 – 2025). Improvements in the manufacturing of robot arms and mechanical parts boost market sales. Increasing demand to increase the fruits & vegetables and grain production substantiate market growth. Also, decreasing arable land pushes market growth, driving the indoor planting demand.

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The central contenders in the Indoor Farming Robots Market are OnRobot (Denmark), Iron-Ox (US), Harvest Automation (US), Root AI (US), Javo (Netherlands), FodderWorks (US), Visser Horti Systems BV (Netherlands), FarmBot Inc. (US), and Metomotion (Israel) among others.

Segmental Analysis

The segmentation of the Indoor Farming Robots Market Size is segmented into type, automation, application, and region. Based on the automation, the indoor farming robots market is segmented into semi-autonomous and fully autonomous. Based on the region, the indoor farming robots market is segmented into Asia-Pacific, Europe, North America, and the rest of the regions. Based on the application, the indoor farming robots market is segmented into fruits, vegetables, and floriculture. Based on the type, the indoor farming robots market is segmented into robotic fodder, cutting robot, robot gripper, material handling robot, monitoring drones, incubators, and others.

Detailed Regional Analysis

The regional assessment of the indoor farming robots market includes regions such as Asia-Pacific, Europe, North America, and the rest of the regions. The European region was accountable for the principal market worth of USD 33.1 Million in 2018. The indoor farming robots market is likely to record a CAGR of 21.43% for the period of the forecast period. The European region will dominate the indoor farming robots market all through the forecast period due to restricted arable land with augmented demand for freshly cultivated food.

Competitive Analysis

The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets is expected to aid each competitor in the mart with their growth goals. The inducement of favorable regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The stability of the economic state is expected to further lend to the favorable development in the global market strength. The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period.

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Industry Updates:

Jan 2020 Naïo Technologies, dedicated to developing agricultural robots, recently announced the close of a €14 million funding round led by Bpifrance. The Impact investor Pymwymic and its past shareholders, Capagro and Demeter, sided with Bpifrance in this investment round. This fresh investment round will facilitate Naïo Technologies to additionally take advantage of on its place as a leader in agricultural robotics and arrive at the next level of technology development in order to ready the robots for mass production.

Oct 2019 A farm, from a startup known as Fifth Season, has start selling spinach, lettuce, and other leafy greens, by means of a robot-based system that the creators say is cost-competitive with growing and transporting the same crops from a conventional farm.

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