The global indoor farming robots market spans across North America, Europe, Asia-Pacific, and the rest of the world.
Growing population and limited availability of arable land, shortage of farm labor, and increasing demand for organic food across the globe are expected to drive the market during forecast period. Servitization of agribots is expected to create opportunities for the indoor farming robots market. However, high cost of indoor farming robots and lack of regulatory uniformity is expected to limit the market growth. The geographical analysis of the indoor farming robots market has been conducted for North America, Europe, Asia-Pacific (APAC), and the rest of the world. Europe is expected to dominate the indoor farming robots market during the forecast period due to the increasing population in Europe and decreasing arable land in this region. Among the major countries in Europe, Germany has exhibited the highest growth in the indoor farming robots market over the last decade.
North America was the second-largest market in 2018; the market is projected to exhibit a steady CAGR during forecast period. The US accounted for the largest market share in 2018. However, the market in Canada is expected to register the highest CAGR during forecast period. The US is one of the largest markets for indoor farming robots due to major companies of indoor farming robots are in this region. In Asia-Pacific, China accounted for the largest market share in 2018 due to the highest adoption of technologies and innovations.
Global Indoor Farming Robots Market: Segmentation
The global indoor farming robots market has been segmented based on type, automation, application, and region. On the basis of product type, the market has been segmented into robot gripper, cutting robot, robotic fodder, material handling robot, incubators, monitoring drones, and others. By automation, the market has been segmented into semi-autonomous and fully autonomous. By application, the market has been segmented into fruits & vegetables and floriculture.
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.
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