Indoor Farming Technology Market by Component (Hardware, Software & Services), Growing Media (Aeroponics, Aquaponics, Hydroponics), Facility Type, Crop - Global Forecast 2024-2030

Indoor Farming Technology Market by Component (Hardware, Software & Services), Growing Media (Aeroponics, Aquaponics, Hydroponics), Facility Type, Crop - Global Forecast 2024-2030


The Indoor Farming Technology Market size was estimated at USD 19.05 billion in 2023 and expected to reach USD 20.80 billion in 2024, at a CAGR 9.42% to reach USD 35.78 billion by 2030.

Global Indoor Farming Technology MarketThe indoor farming technology market comprises systems and solutions designed to enhance crop yield and quality in a controlled indoor environment. This includes various technologies such as hydroponics, aeroponics, aquaponics, LED lighting, climate control systems, and automated hardware and software solutions. End-use applications cover commercial and home indoor farming setups that focus on cultivating fruits, vegetables, herbs, and ornamental plants. The market scope encapsulates the design, manufacturing, distribution, and service of indoor farming technology systems. It also covers the research and development activities aimed at improving existing technologies, innovating new farming methods, and optimizing resource use for higher yields and sustainability. The application of indoor farming technologies extends to vertical farms, greenhouse farming, container farming, and urban agriculture. The end-users of these technologies range from large-scale commercial agricultural operators to small-scale urban farmers and hobbyists looking to produce food sustainably within the confines of urban environments. The demand for indoor farming technology is influenced by several factors, such as rising global population and urbanization leading to limited space for traditional farming, an increase in consumer awareness about the benefits of pesticide-free and locally grown produce, the need for sustainable farming practices amid changing climate conditions, and the upgrade of Internet of Things (IoT) applications in agriculture for monitoring and automation. However, the adoption of indoor farming technology is hindered by various limitations, including high initial investment and operating costs, technical complexities and skilled labor requirements, and problems related to the disposal of waste generated from these systems. On the other hand, the development of AI-driven analytics for optimizing crop yield and managing resources, integration of machine learning for disease detection and prevention in crops, and investment by governments and private entities in research and development of sustainable food production technologies present potential opportunities for the growth of indoor farming technology market.Regional InsightsIn the Americas, particularly in the United States and Canada, consumer awareness about sustainable farming practices and the environmental impact of traditional agriculture is rising. The demand for locally sourced, organic food drives innovation in indoor farming technologies. In both countries, customers are increasingly willing to pay a premium for quality and sustainability, reflected in purchasing behavior. South America's market is burgeoning as countries such as Brazil and Argentina begin to adopt indoor farming methods to counteract the challenges of traditional agriculture, such as erratic weather patterns and limited arable land. The EU has been at the forefront regarding initiatives and regulations to promote sustainable farming. Consumers' need for food safety and freshness is high, influencing companies to adopt indoor farming technologies. Subsidies and funding from the European Commission for research in optimized greenhouse cultivation techniques are notable. The Middle East faces extreme water scarcity and arid climates, making traditional agriculture challenging. Indoor farming presents a solution with significant reductions in water usage. In Africa, the adoption of indoor farming is in the nascent stages, but it holds the potential to address food security issues. China's indoor farming technology market is rapidly growing due to increased urbanization and the need for pollution-free produce. The government's investment in agricultural technology for food safety and sustainable farming is noticeable. Japan has been utilizing indoor farming technologies effectively due to limited arable land, with companies in the region leading the way in high-tech indoor vertical farms. India, while still an emerging country in indoor farming, presents a significant growth opportunity due to its large population and the need for productivity improvements in agriculture.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Indoor Farming Technology Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Indoor Farming Technology Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Indoor Farming Technology Market, highlighting leading vendors and their innovative profiles. These include Advanced Nutrients Ltd., AeroFarms, LLC, Agrilution Systems GmbH, Altius Farms, Inc., Bluelab Corporation Limited, Bowery Farming Inc., BrightFarms, Inc., Crop One, CubicFarm Systems Corp., Emerald Harvest, Freight Farms, Inc., GP Solutions, Inc., Green Sense Farms Holdings, Inc., Hydrofarm Holdings, HydroGarden Ltd, Intelligent Growth Solutions Limited, Kalera GmbH, Logiqs B.V., Metropolis Farms Canada, Mirai Group, Plenty Unlimited Inc., Richel Group, Signify Holding B.V., Sky Greens, The Scotts Miracle-Gro Company, TruLeaf, Urban Crop Solutions BV, and Voeks Inc.

Market Segmentation & Coverage

This research report categorizes the Indoor Farming Technology Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Hardware
Climate Control Systems
Communication Systems
Irrigation Systems
Lighting Systems
Sensors
System Controls
Software & Services
Growing Media
Aeroponics
Aquaponics
Hydroponics
Soil-Based
Facility Type
Container Farms
Glass/Poly Greenhouses
Indoor Deep Water Culture Systems
Indoor Vertical Farms
Crop
Flowers & Ornamentals
Annuals
Ornamentals
Perennials
Fruits & Vegetables
Eggplant
Leafy Greens
Strawberry
Tomato
Herbs & Microgreens
Basil
Herbs
Tarragon
Wheatgrass
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Indoor Farming Technology Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Indoor Farming Technology Market?
3. What are the technology trends and regulatory frameworks in the Indoor Farming Technology Market?
4. What is the market share of the leading vendors in the Indoor Farming Technology Market?
5. Which modes and strategic moves are suitable for entering the Indoor Farming Technology Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Indoor Farming Technology Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Escalating demand for sustainable and secure food production methods
5.1.1.2. Government initiatives encouraging indoor vertical farming and hydroponics
5.1.1.3. Popularity of online indoor farming SaaS platforms
5.1.2. Restraints
5.1.2.1. High initial investment required for indoor farming technologies
5.1.3. Opportunities
5.1.3.1. Technological advancements in indoor farming technologies with AI & ML
5.1.3.2. New investments in indoor farming facilities and establishments
5.1.4. Challenges
5.1.4.1. Technical limitations of indoor farming technologies
5.2. Market Segmentation Analysis
5.2.1. Component: Rising potential of software & services to monitor, control, and improve the farming operations continuously
5.2.2. Growing Media: Expanding significance of aquaponics for educational environments due to its ecological benefits
5.2.3. Facility Type: Increasing popularity of indoor deep water culture systems for growing leafy greens and herbs with high water content
5.2.4. Crop: Growing usage of indoor marming technology for managing herbs & microgreens to maintain their freshness and concentrated nutrients
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Indoor Farming Technology Market, by Component
6.1. Introduction
6.2. Hardware
6.3.1. Climate Control Systems
6.3.2. Communication Systems
6.3.3. Irrigation Systems
6.3.4. Lighting Systems
6.3.5. Sensors
6.3.6. System Controls
6.3. Software & Services
7. Indoor Farming Technology Market, by Growing Media
7.1. Introduction
7.2. Aeroponics
7.3. Aquaponics
7.4. Hydroponics
7.5. Soil-Based
8. Indoor Farming Technology Market, by Facility Type
8.1. Introduction
8.2. Container Farms
8.3. Glass/Poly Greenhouses
8.4. Indoor Deep Water Culture Systems
8.5. Indoor Vertical Farms
9. Indoor Farming Technology Market, by Crop
9.1. Introduction
9.2. Flowers & Ornamentals
9.3.1. Annuals
9.3.2. Ornamentals
9.3.3. Perennials
9.3. Fruits & Vegetables
9.4.1. Eggplant
9.4.2. Leafy Greens
9.4.3. Strawberry
9.4.4. Tomato
9.4. Herbs & Microgreens
9.5.1. Basil
9.5.2. Herbs
9.5.3. Tarragon
9.5.4. Wheatgrass
10. Americas Indoor Farming Technology Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Indoor Farming Technology Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Indoor Farming Technology Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Agreement, Collaboration, & Partnership
13.3.1.1. Leading Indoor Spinach Grower BrightFarms Enters Exclusive Licensing Deal With Partner Element Farms
13.3.2. New Product Launch & Enhancement
13.3.2.1. Oishii Adds Ultra-premium Tomatoes to its Vertical Farming Lineup with the Launch of The Rubī
13.3.3. Investment & Funding
13.3.3.1. Eden Green Breaks Ground on USD 40M Expansion as it Plots a Network of Indoor Farms
13.3.4. Award, Recognition, & Expansion
13.3.4.1. China Unveils AI-powered Vertical Farm with 20-floors
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Advanced Nutrients Ltd.
14.1.2. AeroFarms, LLC
14.1.3. Agrilution Systems GmbH
14.1.4. Altius Farms, Inc.
14.1.5. Bluelab Corporation Limited
14.1.6. Bowery Farming Inc.
14.1.7. BrightFarms, Inc.
14.1.8. Crop One
14.1.9. CubicFarm Systems Corp.
14.1.10. Emerald Harvest
14.1.11. Freight Farms, Inc.
14.1.12. GP Solutions, Inc.
14.1.13. Green Sense Farms Holdings, Inc.
14.1.14. Hydrofarm Holdings
14.1.15. HydroGarden Ltd
14.1.16. Intelligent Growth Solutions Limited
14.1.17. Kalera GmbH
14.1.18. Logiqs B.V.
14.1.19. Metropolis Farms Canada
14.1.20. Mirai Group
14.1.21. Plenty Unlimited Inc.
14.1.22. Richel Group
14.1.23. Signify Holding B.V.
14.1.24. Sky Greens
14.1.25. The Scotts Miracle-Gro Company
14.1.26. TruLeaf
14.1.27. Urban Crop Solutions BV
14.1.28. Voeks Inc
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. INDOOR FARMING TECHNOLOGY MARKET RESEARCH PROCESS
FIGURE 2. INDOOR FARMING TECHNOLOGY MARKET SIZE, 2023 VS 2030
FIGURE 3. INDOOR FARMING TECHNOLOGY MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. INDOOR FARMING TECHNOLOGY MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. INDOOR FARMING TECHNOLOGY MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. INDOOR FARMING TECHNOLOGY MARKET DYNAMICS
FIGURE 7. INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 8. INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING MEDIA, 2023 VS 2030 (%)
FIGURE 10. INDOOR FARMING TECHNOLOGY MARKET SIZE, BY GROWING MEDIA, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. INDOOR FARMING TECHNOLOGY MARKET SIZE, BY FACILITY TYPE, 2023 VS 2030 (%)
FIGURE 12. INDOOR FARMING TECHNOLOGY MARKET SIZE, BY FACILITY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. INDOOR FARMING TECHNOLOGY MARKET SIZE, BY CROP, 2023 VS 2030 (%)
FIGURE 14. INDOOR FARMING TECHNOLOGY MARKET SIZE, BY CROP, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES INDOOR FARMING TECHNOLOGY MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES INDOOR FARMING TECHNOLOGY MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA INDOOR FARMING TECHNOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. INDOOR FARMING TECHNOLOGY MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. INDOOR FARMING TECHNOLOGY MARKET SHARE, BY KEY PLAYER, 2023

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