Global Indoor Farming Robots Market

Indoor Farming Robots Market Size, Share, Growth Analysis, By Type(Robot Gripper, Cutting Robot, Robotic Fodder, Material Handling Robot), By Automation(Semi-Autonomous, and Fully Autonomous), By Application(Fruits, Vegetables, and Floriculture), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20H2037 | Region: Global | Published Date: March, 2024
Pages: 204 | Tables: 93 | Figures: 74

Indoor Farming Robots Market News

  • In May 2023, Oishii, a renowned name in the vertical farming space, announced that it had partnered with Yaskawa Electric Corp. to optimize its vertical farming through robotic automation solutions. Yaskawa was projected to supply Oishii with robotic arms for its strawberry farm under this partnership.
  • In February 2023, Metomotion, a renowned supplier of farming robotics, announced that it had inked a multi-year deal to supply greenhouse robots to RedStar, a leading name in the greenhouse space.
  • In November 2021, Iron OX, a leading name in the indoor farming robot space, announced the launch of its new indoor crop-assisting robot called Grover. The new robots have a payload capacity of moving up to 1,000 pounds.
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Indoor Farming Robots Market size was valued at USD 185 million in 2022 and is poised to grow from USD 226.44 million in 2023 to USD 1140.79 million by 2031, growing at a CAGR of 22.4% in the forecast period (2024-2031).

Leading indoor farming robots' providers should utilize their expertise in robotics, artificial intelligence (AI), and agricultural science to develop innovative indoor farming robots tailored to meet the evolving needs of indoor farming operations worldwide. Companies should also focus on partnerships, collaborations, mergers, and acquisitions to stay ahead of the competition and boost revenue generation. Indoor farming robots market players should also focus on leveraging the increasing focus on sustainability and rising popularity of vertical farming to maximize their sales potential. 'FodderWorks', 'Harvest Automation', 'Agribotix.com', 'AGCO Corporation', 'FarmBot Inc.', 'Postscapes', 'Metomotion', 'DeLaval', 'IBM', 'Clearpath Robotics Inc.', 'DJI', 'Root AI', 'Javo', 'Precision Hawk', 'Visser Horti Systems BV', 'OnRobot', 'AgEagle Aerial Systems', 'Iron-Ox'

The world is experiencing shortages of skilled labor in almost all industry verticals, and this is also true for the farming sector as well. The labor that is available is quite expensive and reduces the profit margins of farmers, which is projected to promote the adoption of indoor farming robots going forward.

Rise of Vertical Farming: Growing world population has led to high demand for food but less arable land for farming and this has boosted the adoption and popularity of vertical farming. Vertical farming is usually done indoors, and its rising adoption is slated to create new opportunities for the suppliers of indoor farming robots in the long run.

Europe is forecasted to account for a major chunk of the indoor farming robot marketplace. This can be ascribed to the surging popularity of indoor farming practices among farmers in this region and quick adoption of automation practices in the farming sector. Germany, France, and Italy are slated to be the key markets for indoor farming robot's companies in the future. Limited availability of land in this region for conventional agriculture is turning the tide in the favor of indoor farming.

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Global Indoor Farming Robots Market

Report ID: SQMIG20H2037

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