PUBLISHER: The Business Research Company | PRODUCT CODE: 1667777
PUBLISHER: The Business Research Company | PRODUCT CODE: 1667777
Harvesting technology encompasses the methods and machinery employed in gathering crops or plants from the field, playing a crucial role in modern agriculture by facilitating the efficient and effective harvesting of crops.
The primary categories of harvesting technology include light energy harvesting, vibration energy harvesting, frequency energy harvesting, thermal energy harvesting, and radio frequency energy harvesting. Light energy harvesting utilizes photovoltaic cells, commonly known as solar cells, to convert light energy into electrical energy. This electrical energy powers low-power electronic devices, including wireless sensors, smart buildings, and wearable devices, within the harvesting technology framework. Essential components involved in this process include power management integrated circuits, storage systems, transducers, sensors, and other elements designed for diverse applications such as horticulture, greenhouse management, and crop harvesting.
The harvesting technology market research report is one of a series of new reports from The Business Research Company that provides harvesting technology market statistics, including the harvesting technology industry global market size, regional shares, competitors with a harvesting technology market share, detailed harvesting technology market segments, market trends and opportunities, and any further data you may need to thrive in the harvesting technology industry. This harvesting technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The harvesting technology market size has grown strongly in recent years. It will grow from$13.64 billion in 2024 to $14.42 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to market transformations, economic influences, research and development, consumer adoption, and environmental concerns
The harvesting technology market size is expected to see strong growth in the next few years. It will grow to $18.33 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to market dynamics, research and development trends, consumer adoption rates, sustainability trends, and regulatory landscape. Major trends in the forecast period include integration of automation, data-driven farming, customization and adaptability, sustainability and eco-friendly solutions, precision and efficiency enhancement, and remote monitoring and control.
The harvesting technology market is anticipated to experience significant growth due to the increasing adoption of IoT devices. These devices, connected to the internet and equipped with sensors and software, are driving growth through the expansion of wireless connectivity, rising demand for automation and intelligence, and the prevalence of cloud computing. In agriculture practices, IoT devices enable real-time monitoring and data collection. According to the India Brand Equity Foundation (IBEF), the IoT market in 2022 is projected to grow by 18%, reaching 14.4 billion active connections by 2025. The number of connected IoT devices is expected to surge to nearly 27 billion by 2025, fostering the growth of the harvesting technology market.
The rising demand for specialty crops is projected to drive the growth of the harvesting technology market in the future. Specialty crops encompass intensively grown varieties such as fruits, vegetables, dried fruits, tree nuts, horticulture, nursery crops, and floriculture. Harvesting technology is essential for these crops, as it addresses their unique requirements, enhances efficiency, preserves quality, and helps overcome challenges related to labor and variability. For example, in September 2024, the European Commission, the executive body of the European Union (EU), reported that in 2022, the EU produced 270.9 million tonnes of cereals, reflecting a decrease of 26.7 million tonnes compared to 2021. Consequently, the growing demand for specialty crops is expected to stimulate the growth of the harvesting technology market.
Leading companies in the harvesting technology market are advancing the development of innovative technologies, such as generative AI-powered agri-intelligence platforms, to improve crop yield, optimize resource management, and enhance overall efficiency in agricultural practices. These generative AI-powered agri-intelligence platforms are sophisticated systems that utilize generative artificial intelligence to analyze agricultural data and deliver insights for farming practices. For example, in July 2024, Cropin Technology, an agritech company based in India, introduced Sage, the first real-time generative AI-powered agri-intelligence platform. Sage is designed to provide farmers with actionable insights by analyzing extensive agricultural data in real time, allowing them to make informed decisions that increase crop yield, enhance resource efficiency, and support sustainable farming practices. This cutting-edge platform employs generative AI to offer predictive analytics, crop health monitoring, and personalized recommendations tailored to specific farming conditions.
Major harvesting technology market players are introducing technological solutions such as Prospr. Prospr, an autonomous, multi-use hybrid vehicle launched by Robotics Plus Limited in September 2023, is designed for sustainable orchard and vineyard production. Prospr aligns with advancements in harvesting technology, specifically in orchard and vineyard production, where the adoption of autonomous vehicles and robotics is growing to improve efficiency and productivity in harvesting and crop maintenance tasks. This innovative technology is poised to revolutionize orchards and vineyards, fostering a more sustainable and productive future while providing a powerful tool for owners seeking efficiency improvements, cost reduction, and sustainable practices.
In February 2022, Bowery Farming, a US-based vertical farming and digital agriculture company, acquired Traptic for an undisclosed amount. This strategic acquisition is expected to expedite the commercialization of Bowery Farming's produce, particularly for crops such as tomatoes, berries, and other vine fruits. The move aligns with Bowery Farming's strategy to broaden its product portfolio and reflects the broader trend of increased investment in technology for indoor farming and precision agriculture. Traptic, a US-based startup, specializes in 3D vision and robotics harvesting technology for fruiting and vine crops.
Major companies operating in the harvesting technology market include Cymbet Corporation, Mide Technology Corporation, Powercast Corporation, Analog Devices Inc., EnOcean GmbH, ABB Ltd., Fujitsu Limited, Honeywell International Inc., STMicroelectronics N.V., Koch Engineered Solutions LLC, Advanced Cooling Technologies Inc. (ACT), THALES Group, Paragraf Ltd., Insolight SA, McQ Inc., Ilika Technologies Ltd., Seatrec Ltd., Enteligent Inc., ICE Thermal Harvesting, Abundant Robotics Inc., AGJunction Inc.
North America was the largest region in the harvesting technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global harvesting technology market during the forecast period. The regions covered in the harvesting technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the harvesting technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The harvesting technology market consists of revenues earned by entities by providing services such as pruning, irrigating, and fertilizing. The market value includes the value of related goods sold by the service provider or included within the service offering. The harvesting technology market also includes sales of products such as harvesters, combines, and threshers, as well as tools such as knives, shears, and pruners. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Harvesting Technology Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on harvesting technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for harvesting technology ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The harvesting technology market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.