Report ID: SQMIG20H2037
Report ID:
SQMIG20H2037 |
Region:
Global |
Published Date: March, 2024
Pages:
204
|
Tables:
93 |
Figures:
74
Global 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).
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.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20H2037