SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart Harvest - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Complimentary updates for one year
Edition: 5; Released: January 2022
Executive Pool: 871
Companies: 33 - Players covered include Abundant Robotics, Inc.; Agrobot; AVL Motion; Deere & Company; Dogtooth Technologies Limited; Energid Technologies Corporation; FFRobotics; Harvest Automation; Harvest Croo; Iron Ox; Metomotion; Panasonic Corporation; Robert Bosch GmbH; Root AI; Smart harvest Ltd.; Vision Robotics Corp. and Others.
Coverage: All major geographies and key segments
Segments: Component (Hardware, Software); Site of Operation (Indoor, On-Field, Greenhouse); Crop Type (Fruits, Vegetables)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Smart Harvest Market to Reach $20.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Harvest estimated at US$11 Billion, is projected to reach a revised size of US$20.7 Billion by 2026, growing at a CAGR of 11% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to record a 9.5% CAGR and reach US$13.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 13.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.6 Billion in 2021, While China is Forecast to Reach $3.7 Billion by 2026
The Smart Harvest market in the U.S. is estimated at US$3.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2026 trailing a CAGR of 10.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 9.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.