Indoor farming is an important part of modern agriculture for producing crops in a controlled environment. There is an increasing growth for indoor farming globally, propelled by the rising world population along with a consequent demand for consistent food supplies. Conventional agriculture is suitable for areas with sufficient land and water supply. Since the percentage of arable land and water supply to support conventional agriculture is diminishing, the demand for indoor farming is heightening. Indoor farms can help to grow the total crop yield per unit area by utilizing the stacked layers of potted seeds, and this is further expected to drive the market. Indoor farming technology mainly implements methods, including aquaponics, aeroponics, and hydroponics also utilizes artificial lighting, such as LED lights, for adequate light levels and nutrients. Indoor farming methods or concepts further employ various technologies that become the means of operation. For instance, to collect data, indoor farming depends on the Internet of Things (IoT), a global positioning system (GPS), and other sensor-based technologies, which allow seamless data collection. For data analysis, several farm management software and artificial intelligence (AI)-based tools can be utilized to make sense of the collected data, and later autonomous machines and other mechanical equipment can be employed to take necessary actions.

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5 Markets - Competitive Benchmarking & Company Profiles

6 Research Methodology