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Aeroponics Market Analysis

  • Report ID: GMI10483
  • Published Date: Jul 2024
  • Report Format: PDF

Aeroponics Market Analysis

Based on application, the market is divided into indoor, and outdoor. In 2023, indoor applications accounted for a market share of over 62%. Indoor aeroponics is becoming popular for its efficient use of space, especially in cities with limited farmland. This method allows for year-round crop production, regardless of weather, ensuring consistent yields. Additionally, it uses less water and no pesticides, meeting the growing demand for sustainable and organic-produced crops. Moreover, advances in automation and IoT further improve the efficiency and appeal of indoor aeroponic systems in the market.
 

Aeroponics Market Share, By Equipment, 2023

Based on equipment, the aeroponics market is categorized into lighting, sensor, irrigation component, climate control, and others. The lighting component segment is expected to hold over USD 1.2 billion by 2032. The aeroponics sector has witnessed more demand for lighting components as they help plants grow better in controlled environments. Advanced technologies such as LEDs allow precise control over light spectra, intensity, and duration, thus replicating natural sunlight. This boosts photosynthesis, leading to faster growth, higher yields, and better crop quality. Additionally, energy-efficient LEDs lower operational costs and enable year-round cultivation, regardless of weather conditions. As urban and vertical farming grows, the need for advanced lighting solutions that support sustainable and efficient aeroponic systems is driving growth in this segment.
 

North America Aeroponics Market Size, 2022-2032 (USD Million)

In 2023, North America has a significant share of the market with around 34% of the market share. The region leads the aeroponics market, due to advanced technology, substantial R&D investments, and the presence of major market players. Additionally, the high demand for organic, and pesticide-free crops among consumers along with government support and initiatives promoting sustainable agriculture drives adoption across the nations. Further, countries such as the U.S. and Canada are focused on urban and vertical farming solutions that align well with aeroponic systems, boosting their widespread usage across the nations These factors collectively position North America as a dominant market in the aeroponics sector, ensuring continued growth and innovation.
 

Moreover, the market in the Asia-Pacific region is expected to attain significant growth, due to rapid urbanization, technological advancements, and supportive government policies in countries such as China, Japan, and Singapore. These countries are focused on investments in sustainable agriculture to ensure food security. The increasing population and limited arable land are driving the adoption of space-efficient and high-yield aeroponic systems, further boosting market growth in the region.
 

Furthermore, European countries such as the Netherlands, Germany, and France are leading the way in the adoption of aeroponics. These nations are investing in vertical farms and new farming technologies, thus creating lucrative opportunities for the market growth. Further, these countries aim to produce food sustainably, reduce environmental impact, and innovate in urban agriculture, shifting the focus towards aeroponics across their farms.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global industry size for aeroponics was valued at USD 1.1 billion in 2023 and is anticipated to register over 15% CAGR between 2024 and 2032 driven by growing demand for sustainable agricultural practices.

The indoor segment in the aeroponics market held 62% revenue share in 2023 due to the growing demand for sustainable and organic-produced crops.

North America market held 34% revenue share in 2023 due to advanced technologies, substantial R&D investments, and the presence of major market players.

AeroFarms, Aeroponic Systems Ltd., Agrilution, Aponic Ltd., Freight Farms, Green Sense Farms Holdings, Inc., Growcer, Indoor Harvest Corp., Living Greens Farm, and Modular Farms.

Aeroponics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 360
  • Countries covered: 21
  • Pages: 240
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