Global Precision Harvesting Market Outlook
Revenue, 2023
$14.6B
Forecast, 2033
$42.2B
CAGR, 2024 - 2033
11.2%
The Precision Harvesting industry revenue is expected to be around $18.1 billion in 2024 and expected to showcase growth with 11.2% CAGR between 2024 and 2033. Precision Harvesting is revolutionizing the industry by utilizing cutting edge technologies such as artificial intelligence (AI) Internet of Things (IoT) and robotics to enhance harvesting procedures efficiently and effectively. In 2023, the market, for Precision Harvesting was estimated at USD 14.6 billion. This market is expected to expand to USD 30.7 billion by 2030 and USD 52 billion by 2035 with a growth rate of 11.2% CAGR.
This innovative technology boosts crop production yields while cutting down on wastage and enhancing efficiency in farming practices-playing a crucial role in promoting sustainable agriculture methods today. Precision harvesting tools like harvesters and advanced combine harvesters have been embraced across the agricultural and horticultural sectors for their capacity to enhance output levels and reduce reliance, on manual labor significantly.
Market Key Insights
- The Precision Harvesting market is projected to grow from $14.6 billion in 2023 to $42.2 billion in 2033. This represents a CAGR of 11.2%, reflecting rising demand across Grain Harvesting, Vegetable Harvesting and Fruit Harvesting.
- John Deere, Case IH, Abundant Robotics are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Precision Harvesting market and are expected to observe the growth CAGR of 8.2% to 11.8% between 2023 and 2030.
- Emerging markets including India, Vietnam and Argentina are expected to observe highest growth with CAGR ranging between 10.8% to 14.0%.
- Transition like Shift Towards Autonomous Equipment is expected to add $1 billion to the Precision Harvesting market growth by 2030.
- The Precision Harvesting market is set to add $27.6 billion between 2023 and 2033, with industry players targeting Fruit Harvesting & Vegetable Harvesting Application projected to gain a larger market share.
- With Demand for sustainable farming, and Labor shortages, Precision Harvesting market to expand 189% between 2023 and 2033.
Opportunities in the Precision Harvesting
Precision Harvest suppliers can also experience growth opportunities with the rise of agricultural mechanization, in developing nations.
Growth Opportunities in North America and Asia-Pacific
In this area the Precision Harvest market is at the forefront because of farming techniques and substantial automation investments with industry giants such, as John Deere and Harvest CROO Robotics holding a strong market presence.
In the Asia Pacific region there is a rising importance of the market due to the increasing use of machinery and efforts by governments to update farming practices. Countries such, as China and India are experiencing an uptake of Precision Harvesting technologies.
Market Dynamics and Supply Chain
01
Driver: Demand for Sustainable Farming, and Technological Advancements
Precision Harvesting contributes to promoting farming methods by maximizing resource efficiency and minimizing wastage, which coincides with the global initiatives aimed at tackling food security issues. Advancements, in AI, Internet of Things (IoT) and machine learning are also driving the creation of advanced harvesting systems that offer enhanced precision and productivity.
The decreasing availability of workers is also leading to a greater need for automated harvesting solutions. This trend is also especially noticeable, in economies.
02
Restraint: High Initial Costs, and High Initial Costs
Investing in high tech Precision Harvesting tools requires a financial commitment which can hinder smaller farmers from embracing this technology.
Investing in high tech Precision Harvesting tools requires a financial commitment which can hinder smaller farmers from embracing this technology.
03
Opportunity: Integration with IoT and Big Data and Government Initiatives
By integrating Precision Harvesting machinery with technology and Big Data analysis farmers can access valuable insights to improve their decision making process.
Government funding and assistance initiatives designed to update farming practices are opening up possibilities, for the integration of cutting edge harvesting technologies.
04
Challenge: Infrastructure Constraints
Challenges like internet connections and unreliable electricity access in rural regions pose obstacles, to the successful integration of advanced technologies.
Supply Chain Landscape
1
Component Supplier
John DeereCase IH
2
System Integrator
Abundant RoboticsFFRoboticsHarvest CROO Robotics
3
End-User Industry
AgricultureHorticultureForestry
1
Component Supplier
John DeereCase IH
2
System Integrator
Abundant RoboticsFFRoboticsHarvest CROO Robotics
3
End-User Industry
AgricultureHorticultureForestry
Use Cases of Precision Harvesting in Grain & Vegetable
Grain Harvesting : Automated and efficient grain collection with loss is made possible by Precision Harvesting technology, which involves the use of advanced combine harvesters equipped with sensors and GPS for precise operations as seen in products from renowned companies such, as John Deere and Case IH.
Fruit Harvesting : During the harvesting of fruits and vegetables in the industry todays technology has introduced robots with advanced vision systems to carefully pick produce and reduce damage to crops significantly Companies such as Abundant Robotics and FFRobotics are at the forefront of advancements, in this field.
Vegetable Harvesting : Precision equipment used in the harvesting of vegetables enables the gathering of sensitive crops such as lettuce and broccoli with companies like Harvest CROO Robotics and Naïto Technologies offering customized solutions to lessen the need, for manual labor.
Forestry : Precision Harvest is also utilized in forestry to promote logging practices with the help of autonomous machinery from companies like Caterpillar and Komatsu that specialize in advanced equipment, for efficiency and precision.
Recent Developments
Prominent advancements encompass the AI enhanced combine harvester from John Deere and the fruit harvest innovation by Abundant Robotics alongside Harvest CROO Robotics collaborating on strawberry picking solutions; recent reports underscore the growing trend of automation, in agriculture.
September 2024 : John Deere introduced a cutting edge combine harvester equipped with AI technology to enhance the accuracy of grain harvesting.
June 2024 : Abundant Robotics unveiled a robot designed for picking apples in orchards.
April 2024 : Harvest CROO Robotics collaborated with a strawberry grower to introduce self driving harvesters.
Impact of Industry Transitions on the Precision Harvesting Market
As a core segment of the F&B Technology industry,
the Precision Harvesting market develops in line with broader industry shifts.
Over recent years, transitions such as Shift Towards Autonomous Equipment and Focus on Multi-Crop Solutions have redefined priorities
across the F&B Technology sector,
influencing how the Precision Harvesting market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift Towards Autonomous Equipment
The use of self driving harvesters is picking up speed as it lessens the requirement, for involvement and improves productivity. This industry transition is expected to add $1 billion in the industry revenue between 2023 and 2030.
02
Focus on Multi-Crop Solutions
The advancements in Precision Harvesting technologies are progressing to accommodate types of crops and enhancing their practicality and attractiveness, in the market.