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Controlled Environment Agriculture (CEA) Market Trends

Report ID: GMI10527
Published Date: Jul 2024
Report Format: PDF

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Controlled Environment Agriculture Market Trends

There is a growing focus on integrating artificial intelligence and automation to enhance efficiency and precision in agriculture. Advanced technologies are being employed to optimize climate control, nutrient delivery, and crop monitoring. This shift towards tech-driven solutions aims to improve yields, reduce resource usage, minimize labor, and drive innovation in food production systems.

Moreover, governments are increasingly supporting controlled environment agriculture through grants, subsidies, and research funding. These initiatives aim to promote sustainable farming practices, enhance food security, and stimulate technological innovation. By providing financial incentives and resources, governments encourage the adoption of advanced agricultural methods, driving growth and development in the sector and addressing urban food production challenges.

For instance, in November 2023, the Indian government launched Krishi 24/7 to support government programs by monitoring and analyzing agricultural news using artificial intelligence. In line with efforts to modernize and promote agriculture, the Department of Agriculture and Farmers Welfare (DA&FW) developed this solution in partnership with Google, the Wadhwani Institute for Artificial Intelligence, and data-driven decision-making.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

Controlled environment agriculture industry size was USD 51.9 billion in 2023 and will expand at 14% CAGR between 2024 and 2032, driven by increasing demand for locally grown, fresh produce, coupled with concerns about food security and sustainability.

(CEA industry from the hydroponics segment achieved 40% share in 2023 due to efficient use of water and nutrients, which optimizes plant growth and reduces resource waste.

North America controlled environment agriculture industry held 35% share in 2023, owing to the advanced technological infrastructure, emphasis on sustainable practices, coupled with growing urbanization.

AeroFarms, Plenty, Illumitex, BrightFarms, Agritecture, AppHarvest, Gotham Greens, Bowery Farming, Heliospectra, and Freight Farms, among others.