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Smart Harvest Market Application, Revenue Market Forecast to 2028
The global smart harvest market size is expected to reach USD 27.94 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising focus on increasing agricultural productivity and crop yield. Rapid increase in the global population is exerting pressure on the agricultural sector worldwide to increase productivity in order to meet rising growing demand for food. Farmers are increasingly adopting smart harvest technologies to maximize profitability and output in a lesser time and in a more cost-effective manner. Limited availability of arable land is a key factor driving demand for indoor farming activities and increasing usage of smart harvesting technologies to eliminate labor expenses. Moreover, rising cost of labor owing to shortage of skilled workforce is another key factor boosting utilization of harvesting robots and autonomous combine harvesters to eliminate excess labor cost and increase agricultural productivity.
An autonomous tractor employs high-tech systems and sensors, which enable farmers to fully automate operations and reduce labor expenses. Farmers are able to optimize their output while using limited resources with the help of autonomous tractors. Ability of autonomous tractors to even work in extreme weather conditions is supporting demand. Analysis of data collected by high-tech systems and sensors help farmers in making effective decisions regarding harvesting routine of crops in the field.
An autonomous tractor employs high-tech systems and sensors, which enable farmers to fully automate operations and reduce labor expenses. Farmers are able to optimize their output while using limited resources with the help of autonomous tractors. Ability of autonomous tractors to even work in extreme weather conditions is supporting demand. Analysis of data collected by high-tech systems and sensors help farmers in making effective decisions regarding harvesting routine of crops in the field.
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