Market Research Future added New Report Named "Global Indoor Farming Robots Market Research Report- Forecast 2025" to its Database.
Online PR News – 22-January-2020 – Pune – The Global Indoor Farming Robots Market is expected to reach USD 358.5 Million by 2025 at a CAGR of 22.53% during the forecast period. Market Research Future (MRFR) in its report envelops segmentations and drivers to provide a better glimpse of the market in the coming years. Indoor farming is the practice of planting plants in a closed and controlled environment. Advancements in artificial intelligence (AI) and robotic technologies have enabled the growers to reduce costs, resources, and increase profits, which has propelled the adoption of robots for indoor farming. These robots are primarily equipped with cameras, sensors, and algorithms to automate labor-intensive tasks. Robots in indoor farming help in producing around 100-fold increase in efficiency to generate 10 times the harvest while using only 1/10th of the resources.
The Key Players of Global Indoor Farming Robots Market are Iron-Ox(US), OnRobot(Denmark), Visser Horti Systems BV(Netherlands), FodderWorks(US), Harvest Automation(US), Root AI(US), Javo(Netherlands), FarmBot Inc.(US), and Metomotion(Israel) among others.
These companies provide services to customers keeping in mind the demand for reduction of water usage, and cultivation on a small land. These companies are also making investments in research and development for artificial intelligence and automation technology with the help of 3D sensors to expand their market presence. The major players are looking to strengthen their global presence through mergers and acquisitions of local and regional players.
The Global Indoor Farming Robots Market has been segmented based on Type, Automation, Application, and Region.
Based on automation, the market has been classified into semi-autonomous and fully autonomous. The semi-autonomous segment accounted for the larger market share in 2018, with the higher market value. Semi-autonomous robots are worker-led robots that can make decisions and operate with specified directions. These robots accept external commands from a system or user. Fully autonomous or autonomous robots are intelligent robots that can perform tasks independently without the need for human interference.
Based on application, the market has been classified into fruits & vegetables and floriculture. The fruits & vegetables segment accounted for the larger market share in 2018, with the highest market value. The processes involved in indoor farming cater to all the requirements of different fruit- and vegetable-bearing plants with the provision of adequate environment, temperature, and space, among other parameters. Floriculture is a process of cultivation of flowering and ornamental plants for gardens and in floristry. Floriculture crops include bedding plants, houseplants, flowering gardens, pot plants, cut cultivated greens, and cut flowers.
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