The global vertical farming robots market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of X % during the forecast period, 2023 – 2031. The market's growth is attributed to the shortage of farming land and the growing adoption of organic food coupled with increasing IoT-connected devices.
Growing adoption of organic food coupled with increasingly connected IOT devices is expected to create a lucrative demand for vertical farming robots. Vertical farming robots are utilized to produce organic foods where arable land is rare or unavailable. This method is typically adopted in deserts, mountain side towns, and cities to grow different types of vegetables and fruits using skyscraper-like designs and advanced technological methods.
IoT-connected devices read and process data about temperature, humidity level, and specific information about each plant, and offer farmer-specific insights. Vertical farming produces organic food with great nutritional value and minimal environmental and climate impact.
Organic food does not contain genetically modified organisms (GMOs), which are toxins that have the potential to damage nerve cells and the brain, thus people are shifting towards consumption of organic food, significantly propelling the demand for vertical farming robots.
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For instance, according to the Food and Agriculture Organization of the United Nations, Organic agriculture is practiced in 187 countries, and 72.3 million hectares of agricultural land were managed organically by at least 3.1 million farmers in 2021.
Vertical farming robots are the new, high-tech workforce in agriculture. These versatile machines handle a wide range of tasks, from pest control, planting, and irrigation to soil analysis. Vertical farming robots offer several benefits to farmers such as reduced need for harmful chemicals, increased productivity, and reduced labor costs.
Vertical farming robots are equipped with 3D cameras that scan and acquire information from modules placed in front of plants, which allows robots to execute specific tasks such as sowing, plant inspection, and harvesting. It also assists in releasing, holding, controlling, and tightening plants.
Shortage of farming land propelled the need for vertical farming, which significantly increased the demand for vertical farming robots as these robots automated the farming process by autonomous mowing, seeding, spraying, and pruning. Vertical farming robots also identify crop conditions and provide useful information to the farmers.
Impact Of Artificial Intelligence (AI) on Vertical Farming Robots
Vertical farming is increasingly adapting AI-powered robotsto boost the overall capacity and productivity to feed a larger population. Traditional farming is no longer sufficient to feed the global population, hence vertical farming robots were introduced.
The efficiency and productivity of vertical farming robots backed by various artificial intelligence technologies are being utilized very well in vertical farming such as data analytics, machine learning, Internet Of Things (IoT), and natural language processing (NLP) to enhance crop monitoring and optimize utilization of resources.
The use of predictive analytics in vertical farming robots creates a significant opportunity in the market as this technology is made on assumptions and logic, most likely upon the behavior of various plants to eliminate problems related to disease and pests by monitoring the growth pattern of plants.
Vertical farming coupled with AI technologies offers several benefits like sustainability and scalability by optimizing resource usage and reducing waste, making vertical farming a more sustainable and eco-friendly option.
The COVID-19 pandemic moderately affected the demand for vertical farming robots. The disruptions in the supply chain due to the preventive measures and imposition of lockdowns by governments all over the world, and limited consumer spending hampered the market growth. The international border closures and imposed trade barriers drastically reduce the adoption of vertical farming.
Moreover, covid-19 highlighted the importance of organic food and urban farming, which escalated the need for vertical farming robots to increase food production and improved food security. Several governments and companies started deploying vertical farming robots to enhance crop production and cater to the country’s food needs.
Vertical Farming Robots Market Dynamics
Major Drivers
Increasing agricultural labor shortage across the world is expected to drive the market. Vertical farming robots tackle the labor shortage problems as it reduces the intervention of humans in monitoring crops, measuring PH levels in the soil, picking and packing vegetables and fruits, and planting seeds, thus encouraging people to adopt vertical farming robots.
Increasing urbanization has propelled the need for vertical farming robots. Vertical farming does not require land and produces crops throughout the year and it needs very less water and offers fresh veggies and fruits to people living in urban cities or towns, which encourages people to adopt vertical farming robots to produce veggies and fruits for themselves.
Existing Restraints
High installation cost associated with vertical farming robots is expected to restrict market growth. Vertical farming robots are expensive as they need multiple sensors and are programmed to assess the surroundings allows. Moreover, vertical farming robots require IT infrastructure to facilitate efficient working as it works on software and is controlled through connected IOT devices, which encourages people in rural areas to lessen their adoption or use.
Emerging Opportunities
Increasing collaborations and partnerships between major market players are anticipated to create lucrative opportunities in the market. Companies are collaborating to develop novel products for vertical farming robots.
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For instance, on March 31, 2023, YASKAWA Electric Corporation a Japanese robotics firm partnered with Oishii, a vertical farming giant to develop new automation solutions to optimize vertical farming methods and scale output.
Scope of Vertical Farming Robots Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Vertical Farming Robots Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Monitoring Drones, Cutting Robot, Robotic Fodder, Material Handling Robots, Incubators, and Robot Grippers), Automation (Fully Automated and Semi-Automated), and Application (Fruit Cultivation, Vegetable Cultivation, and Floriculture)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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YASKAWA ELECTRIC CORPORATION;YANMAR HOLDINGS CO., LTD; BouMatic; CNH Industrial N.V; AGCO Corporation; Trimble Inc; DeLaval;XAG Co., Ltd.; Arrow Electronics, Inc.;iFarm; Harvest Automation; and Harvest CROO Robotics LLC.
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Vertical Farming Robots Market Segment Insights
Type Segment Analysis
Based on type, the vertical farming robots market is divided into monitoring drones, cutting robots, robotic fodder, material handling robots, incubators, and robot grippers. The robot grippers segment held a large market share in 2022 and is estimated to grow at a robust pace in the coming years due to its ability to pick up and hold things.
Robot grippers enable farmers to automate key processes, such as inspection, assembly, pick & place fruits and vegetables, which encourages farmers to adopt robot grippers.
The monitoring drones are expected to witness a significant CAGR growth during the assessment period owing to their potential to capture very accurate soil health information including moisture levels. This allows farmers to identify issues early, leading to faster and more effective interventions. Drone is also used in the irrigation of vertical farms as it covers large areas quickly and efficiently, thus propelling segment growth.
Automation Segment Analysis
Based on automation, the global market is bifurcated into fully automatedand semi-automated. The semi-automated segment accounted for a major market share in 2022 and is projected to grow at a considerable pace during the forecast period due to its ability to offer a high level of quality control while reducing labor costs.
Moreover, the cost of semi-automated technology is low compared to fully automation, which encourages small and midsize farms to adopt semi-automation robots for vertical farming.
The fully automated is anticipated to grow at a quick pace during the projection period owing to increased productivity and improved crop yields. Fully automated technologies improve productivity by allowing more efficient use of resources and inputs and more precise implementation of agricultural operations.
Fully automated robots in vertical farming cover all the practices of planting and harvesting with the aid of machines and other devices. Moreover, companies are investing in R&D activities to launch new fully automated technology for vertical farming.
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For instance, on June 20, 2022, iFarmintroduced StackGrow a fully automated technology for vertical farming. This technology increases the standard vertical farm’s production by 50% per square meter of space, reduces electricity costs by up to 30%, and drops labor costs by 12%.
Application Segment Analysis
In terms of application, vertical farming robots are categorized into fruit cultivation, vegetable cultivation, and floriculture. The vegetable cultivation segment dominated the market in 2022 and is expected to grow at a considerable pace during the projected period.
The growth is attributedto the presence of rich sources in vegetables such as salts, minerals,vitamins, and other chemical substances, which the human body needs to maintain good health. Vertical farming robots offer round-year vegetable production as it’s not dependent on the weather. It successfully reduces harvest times and improves the volume of vegetables without compromising on quality or flavor, which remains consistent.
Floriculture segment is projected to grow at a high CAGR in coming years owing to the increasing usage of flowers for decorative and aesthetic purposes. Vertical farming robots provide effective floriculture to mitigate soil erosion and absorb chemicals from the soil. Itpromotes a healthy ecosystem and biodiversity, which serves as a food source, and nourishes the surrounding environment.
Regional Analysis
Based on region, the smart home gardening market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a large market share in 2022, and is anticipated to grow at a robust pace during the assessment year due to the presence of key players such as Trimble, Harvest Automation, and larger vertical farming.
Moreover, the growing environmental concern in the region propels the farmers towards vertical farming, thus boosting the demand for vertical farming robots as it allows crops to be grown in controlled environmental conditions, which reduces the need for herbicides and pesticides, this results in less energy use and water and fewer greenhouse gas emissions.
Asia Pacific is estimated to witness a considerable CAGR growth over the projection period owing to growing urbanization. Governments are developing megacities and smart cities in countries such as India, China, Japan, and Singapore to cater to the need for urbanization, significantly propelling the demand for vertical farming robots.
Vertical farming robots are majorly adopted in urban areas as it produces veggies and fruits in very limited space and water with effort by controlling the light, temperature, and humidity in the space, offering the plants optimal conditions. Additionally, governments in the region are launching several schemes to boost the demand for vertical farming, significantly propelling the vertical farming robot market.
Segments
The vertical farming robot market has been segmented on the basis of
Type
- Monitoring Drones
- Cutting Robot
- Robotic Fodder
- Material Handling Robots
- Incubators
- Robot Grippers
Automation
- Fully Automated
- Semi-Automated
Application
- Fruit Cultivation
- Vegetable Cultivation
- Floriculture
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- YASKAWA ELECTRIC CORPORATION
- YANMAR HOLDINGS CO., LTD
- BouMatic
- CNH Industrial N.V
- AGCO Corporation
- Trimble Inc
- DeLaval
- XAG Co., Ltd
- Arrow Electronics, Inc
- iFarm
- Harvest Automation
- Harvest CROO Robotics LLC
Competitive Landscape
Key players competing in the global market are YASKAWA ELECTRIC CORPORATION;YANMAR HOLDINGS CO., LTD; BouMatic; CNH Industrial N.V; AGCO Corporation; Trimble Inc; DeLaval;XAG Co., Ltd.;Arrow Electronics, Inc.;iFarm;Harvest Automation; and Harvest CROO Robotics LLC.
These companies adopted development strategies including collaboration, product launches, mergers, acquisitions, partnerships, and production expansion to expand their consumer base worldwide. For instance,
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On July 20, 2023, XAG introduced P100 Pro Agricultural Drone in Vietnam. This P100 Pro agricultural drone provides Vietnamese farmers with a fully autonomous, easy-to-operate solution equipped with the XAG RevoSpray 3 system and a 50-liter smart liquid tank.
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