Report ID: SQMIG20H2037
Report ID:
SQMIG20H2037 |
Region:
Global |
Published Date: March, 2024
Pages:
204
|
Tables:
93 |
Figures:
74
Indoor Farming Robots Market size was valued at USD 226.44 Million in 2023 and is poised to grow from USD 277.16 Million in 2024 to USD 1396.33 Million by 2032, growing at a CAGR of 22.4% during the forecast period (2025-2032).
The practice of cultivating plants indoors is known as indoor farming using hydroponics and aquaponics. Farming robots used for indoor farming uses such as monitoring, harvesting, seeding, etc., are known as indoor farming robots. The growing popularity of indoor farming around the world is slated to be the key factor driving indoor farming robots' demand. Increasing emphasis on the adoption of sustainable farming practices and advancements in robotics technology are also estimated to bolster the sales of indoor farming robots across the forecast period. Rapidly expanding world population, shortage of arable land for farming, and advancements in farming technology are also projected to influence the global indoor farming robots demand outlook in the future.
Developed countries such as the United Kingdom and United States are slated to spearhead the demand for indoor farming robots over the coming years. On the contrary, high costs and limited scalability potential are key roadblocks for future indoor farming robots market growth in the long run that companies need to keep an eye out for.
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Report ID: SQMIG20H2037