Global Indoor Farming Market

Global Indoor Farming Technology Market to Reach $12.76 billion by 2026, Reveals a Latest Report from BIS Research.

FREMONT, Calif., Feb. 18, 2022 – The global indoor farming technology market  is projected to reach $12.67 billion in terms of revenue by 2026 at a CAGR of 14.8%, reveals the premium market intelligence study by BIS Research.

Indoor farming technology combines a variety of technologies, including big data analytics, robots, artificial intelligence (AI), and the internet of things (IoT), to create crops that are perfect without agronomic constraints.

The primary benefit of indoor farming technology is that they boost crop productivity while requiring less land.

According to Rakhi Tanwar, Principal Analyst, BIS Research“The indoor farming technology has the capability of revolutionizing the global agricultural industry. Through these techniques, year-round food production can be done, and thus, agricultural production can be increased, and global food demand can be efficiently managed.”

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View the report from BIS Research on Global Indoor Farming TechnologyMarket

Key Companies Operating in the Market and Competition Landscape

Aerofarms, Agrilyst, American Hydroponics, Argus Control System Ltd., Autogrow Systems Ltd., Freight Farms, GE Lighting, General Hydroponics Inc., Illumitex, Signify N.V., and Smart Cannabis Corp. are some of the major competitors in the sector.

The companies profiled in the report were chosen from a select pool of players, primarily Tier-1 (which controls 50-60 percent of the market), mid-segment (which controls 30-40 percent of the market), and small and emerging companies (which control the remaining 10-20 percent of the market), based on various factors such as product portfolio, annual revenues, market penetration, R&D initiatives, and domestic and international presence.

Who Should Buy this Report?

  • LED Grow Light Manufacturers
  • Irrigation, and Remote Sensing Equipment Manufacturers
  • Hardware & Software Providers
  • Technology Solution Providers
  • Hydroponic & Aeroponic Crop Growers
  • Smart Greenhouse Associations

Key Questions Answered in the Report:

  • What is the estimated global indoor farming technology market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
  • What are the key trends, market drivers, and opportunities in the market pertaining to indoor farming technology?
  • What are the major restraints inhibiting the growth of the global indoor farming technology market?
  • What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
  • What is the competitive strength of the key players in the indoor farming technology market based on an analysis of their recent developments, product offerings, and regional presence?
  • How is the competitive benchmarking of the key indoor farming technology companies in the agriculture market based on the analysis of their market coverage and market potential?
  • How much revenue is each segment expected to record during the forecast period, along with the growth percentage? The segments are as follows:
    • Product, including technology- hardware (lighting systems, climate control systems), irrigation systems; sensors and monitoring systems), software, and integrated systems
    • Application, including growing methods (hydroponics, aeroponics, soil-based, aquaponics, hybrid) and facility (greenhouse, indoor vertical farm, and container farms)
    • Region, including North America, the U.K., Europe, Asia-Pacific, China, and the Rest-of-the-World
  • Which type of players and stakeholders are operating in the market ecosystem of indoor farming technology, and what is their significance in the global market?
  • How does the regulatory landscape differ in different regions for indoor farming technology?

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. 

The detailed study is a compilation of 76 Market Data Tables and 28 Figures spread through 173 Pages and in-depth TOC on “Global Indoor Farming Technology Market– Analysis and Forecast, 2020-2026”

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