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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1660083

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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1660083

Smart Indoor Gardening System Market: Current Analysis and Forecast (2024-2032)

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Smart Indoor Gardening System is a system with the specific roles of enabling the growth of plants indoors, without necessarily requiring the would-be gardener to involve much effort. These are computer-controlled systems that utilize smart sensors, artificial intelligence, hydroponics, aeroponics, and Internet of things (IoT) that help in the regulation of certain parameters that affect the growth of plants such as light, temperature, humidity, and available nutrients. They can be used to cultivate herbs, greens and flowers within small, confined spaces, are effective and offer an organic gardening solution to the regular sizes.

The Smart Indoor Gardening System Market is expected to grow with a significant CAGR of 5.7% during the forecast period (2024-2032). The potential of indoor gardening system market is due to increasing urbanization leading to restricted space for planting flowers or food products, escalated increase in several people who are developing an interest in the homegrown produce. The continuation of IoT advancement along with artificial intelligence and hydroponic systems improve the technology, making it easier to use and introduce these systems to strict individuals.

On December 24, 2024, LG Electronics (LG) unveiled its innovative new indoor gardening appliance at CES 2025. This latest personal horticultural solution combines an advanced system that encourages fast, healthy plant growth with a modern floor-standing lamp design, effortlessly stylish in any setting. Ideal for gardening novices as well as urbanites who enjoy bringing nature into their homes, this appliance makes plant cultivation a simple and satisfying experience.

Based on the product type, the market is segmented into smart grow lights, smart sensors & controllers, smart irrigation systems, smart planters & pots, others. Among these, smart sensors & controllers held a dominant share of the market in 2023. The smart sensors and control systems optimize automation where one can monitor soil moisture, temperature, and nutrients to help the plants grow and produce more yields. Thus, increasing interest in the IoT and AI-enabled home devices pushes the demand for smart gardening systems even higher. They spend more money on the research and development of sensors for enhanced accuracy and interface with applications for remote use as well as for data analysis. For instance, on November 1, 2021, Gardyn announced the launch of the Gardyn Home Kit 2.0, building upon Gardyn's revolutionary technology with improvements that take your indoor "Gardyning" experience to the next level while also bringing an artful aesthetic to your home's interior design. The 2.0 version features an enhanced column design to make the hybriponicTM system even more efficient at growing plants and easier to maintain. The ultrasonic sensors improve the accuracy of plant water intake measurements and a more energy-efficient pump with embedded performance monitoring optimizes further plant irrigation.

Based on end user, the market is segmented into residential, commercial. The residential held a significant share of the market in 2023 because homeowners with houses and occupants of apartments require small, automated gardening systems. Growth of healthy eating, focusing on self-sufficient systems and more specifically on organic food leads to a greater population of consumers that require smart indoor gardening installations. Owners like to use convenient systems with appearance being a key factor for the aesthetics of a home while also receiving fresh herbs and vegetables. While investing in voice control and AI assistants, companies aim at designing modular, stylish and Space saving devices that should have less thickness and volume. Some of the key promotional messages that have been adopted in marketing of these systems are on health values of the systems, convenience, and compatibility with smart homes.

Based on the distribution channel, the market is segmented into online, offline. The online is expected to grow with a significant CAGR during the forecast period (2024-2032). E-commerce platforms are vital in the process of market outreach since they provide direct access to consumers as well as worldwide markets. Adding to this, social media availability offers consumers a comparison of seeds and nutrients, buyers' reviews and various subscription services. Moreover, companies thus deploy online marketing, ambassador endorsement, and virtual presentations in an effort to create more brand awareness and customer/client presence. Such subscription plans and bundles motivate the clients to purchase repeatedly to maintain intact membership with a service provider. Also, companies also ensure to use artificial intelligence in the form of chatbots and virtual assistants to help the customers in selecting and using smart gardening systems.

For a better understanding of the market adoption of Smart Indoor Gardening System, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Throughout the forecast period from 2024 to 2032, Asia-Pacific is expected to grow with a significant CAGR. Asia-Pacific shows quick market expansion because its urbanization rate is rising together with limited gardening areas and increasing household purchasing power. Moreover, consumers specifically in China Japan and South Korea select automated gardening technology because their households require minimal space. The adoption of urban farms and sustainable practices through government support drives acceptance throughout the area. The market focuses on delivering affordable modular solutions with IoT features to engage online buyers from the younger generation who favor technological products. Regional smart home brands and retailers through strategic partnering help businesses achieve greater market penetration in diverse market sectors. For instance, on December 16, 2021, LG Electronics' (LG) unveiled at CES 2022 with its modern freestanding indoor gardening appliance, LG tiiun.1 Tiiun, which means "to sprout" in Korean, is an apt name for LG's newest appliance that enables even the most novice of gardeners to cultivate vegetables, herbs and even flowers in the comfort of their own homes, all year long.2 Stylish and remarkably simple to use, LG's latest lifestyle innovation offers all the benefits of a full-featured garden without the worries of pests or unfavorable climate.

Some of the major players operating in the market include CLICK & GROW LLC, BSH Home Appliances Group (Bosch), AeroFarms, Rise Gardens, Gardyn, Plantui, AeroGarden, The Scotts Company LLC, LG Electronics, Plenty Unlimited Inc.

Product Code: UMAG213169

TABLE OF CONTENTS

1.MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Main Objective
  • 1.3. Stakeholders
  • 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Smart Indoor Gardening System Market
  • 2.2. Research Methodology of the Smart Indoor Gardening System Market
  • 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

  • 3.1. Industry Synopsis
  • 3.2. Segmental Outlook
    • 3.2.1. Market Growth Intensity
  • 3.3. Regional Outlook

4.MARKET DYNAMICS

  • 4.1. Drivers
  • 4.2. Opportunity
  • 4.3. Restraints
  • 4.4. Trends
  • 4.5. PESTEL Analysis
  • 4.6. Demand Side Analysis
  • 4.7. Supply Side Analysis
    • 4.7.1. Merger & Acquisition
    • 4.7.2. Investment Scenario
    • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.PRICING ANALYSIS

  • 5.1. Regional Pricing Analysis
  • 5.2. Price Influencing Factors

6.GLOBAL SMART INDOOR GARDENING SYSTEM MARKET REVENUE (USD BN), 2022-2032F

7.MARKET INSIGHTS BY PRODUCT TYPE

  • 7.1. Smart Grow Lights
  • 7.2. Smart Sensors & Controllers
  • 7.3. Smart Irrigation Systems
  • 7.4. Smart Planters & Pots
  • 7.5. Others

8.MARKET INSIGHTS BY END USER

  • 8.1. Residential
  • 8.2. Commercial

9.MARKET INSIGHTS BY DISTRIBUTION CHANNEL

  • 9.1. Online
  • 9.2. Offline

10.MARKET INSIGHTS BY REGION

  • 10.1. North America
    • 10.1.1. U.S.
    • 10.1.2. Canada
    • 10.1.3. Rest of North America
  • 10.2. Europe
    • 10.2.1. Germany
    • 10.2.2. France
    • 10.2.3. U.K.
    • 10.2.4. Spain
    • 10.2.5. Italy
    • 10.2.6. Rest of Europe
  • 10.3. Asia-Pacific
    • 10.3.1. China
    • 10.3.2. Japan
    • 10.3.3. India
    • 10.3.4. Rest of APAC
  • 10.4. Rest of the World

11.VALUE CHAIN ANALYSIS

  • 11.1. Marginal Analysis
  • 11.2. List of Market Participants

12.COMPETITIVE LANDSCAPE

  • 12.1. Competition Dashboard
  • 12.2. Competitor Market Positioning Analysis
  • 12.3. Porter Five Forces Analysis

13.COMPANY PROFILES

  • 13.1. CLICK & GROW LLC
    • 13.1.1. Company Overview
    • 13.1.2. Key Financials
    • 13.1.3. SWOT Analysis
    • 13.1.4. Product Portfolio
    • 13.1.5. Recent Developments
  • 13.2. BSH Home Appliances Group (Bosch)
  • 13.3. AeroFarms
  • 13.4. Rise Gardens
  • 13.5. Gardyn
  • 13.6. Plantui
  • 13.7. AeroGarden
  • 13.8. The Scotts Company LLC
  • 13.9. LG Electronics
  • 13.10. Plenty Unlimited Inc.

14.ACRONYMS & ASSUMPTION

15.ANNEXURE

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