Aeroponics Market Report by Component (Lightning, Irrigation Component, Sensor, Climate Control, Building Material, and Others), Application (Indoor Farming, Outdoor Farming), and Region 2024-2032

Aeroponics Market Report by Component (Lightning, Irrigation Component, Sensor, Climate Control, Building Material, and Others), Application (Indoor Farming, Outdoor Farming), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5656
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Market Overview:

The global aeroponics market size reached US$ 1,088.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,397.9 Million by 2032, exhibiting a growth rate (CAGR) of 13.21% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1,088.7 Million
Market Forecast in 2032
US$ 3,397.9 Million
Market Growth Rate 2024-2032 13.21%


Aeroponics refers to a specialized and advanced hydroponics process, which involves cultivating plants in a controlled mist-based environment. It is utilized for growing fruits, vegetables, leafy greens, vine plants and herbs without needing pots to fill with soil. The plants are suspended in the air through their root structures and are periodically sprayed with solutions enriched with nutrients. Aeroponics uses low-pressure, high-pressure and ultrasonic fogger systems, sensors and lighting and climate control monitors. In comparison to the traditional farming practices, aeroponics offers higher crop yield, uses minimal water and space and generates no toxic waste. It also promotes faster growth in plants, prevents pest infestation, facilitates year-round production and has minimal maintenance requirements.

Global Aeroponics Market

Aeroponics Market Trends:

Significant growth in the agriculture industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the widespread adoption of indoor farming practices and vertical aeroponics is providing a thrust to the market growth. With the rising health consciousness, there is a shift in the consumer preference towards organic and disease-free food products, which has resulted in the increasing requirement for efficient aeroponics systems. Organic food cultivated through aeroponic farming systems does not require synthetic fertilizers, pesticides and growth regulators. In line with this, reducing levels of arable land for traditional farming practices is also contributing to the market growth. Additionally, various technological advancements, such as the development of automated lighting and irrigation systems, smartphone application-based monitoring systems and greenhouse solutions with retractable roofs, are favoring the market growth. Other factors, including extensive research and development (R&D) activities, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aeroponics market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component and application.

Breakup by Component:

  • Lightning
  • Irrigation Component
  • Sensor
  • Climate Control
  • Building Material
  • Others
     

Breakup by Application:

  • Indoor Farming
  • Outdoor Farming
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AERO Development Corp, AeroFarms, Altius Farms, BrightFarms, CleanGreens Solutions SA, Evergreen Farm Oy, Freight Farms Inc., LettUs Grow Ltd., Living Greens Farm Inc. and Ponics Technologies.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Component, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AERO Development Corp, AeroFarms, Altius Farms, BrightFarms, CleanGreens Solutions SA, Evergreen Farm Oy, Freight Farms Inc., LettUs Grow Ltd., Living Greens Farm Inc. and Ponics Technologies.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global aeroponics market was valued at US$ 1,088.7 Million in 2023.

We expect the global aeroponics market to exhibit a CAGR of 13.21% during 2024-2032.

The rising adoption of aeroponics, as it offers higher crop yield, uses minimal water and space, and generates no toxic waste over traditional farming practices, is primarily driving the global aeroponics market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in various agricultural practices, thereby negatively impacting the global market for aeroponics.

Based on the component, the global aeroponics market has been segregated into lightning, irrigation component, sensor, climate control, building material, and others. Among these, lightning currently holds the largest market share.

Based on the application, the global aeroponics market can be bifurcated into indoor farming and outdoor farming. Currently, indoor farming exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global aeroponics market include AERO Development Corp, AeroFarms, Altius Farms, BrightFarms, CleanGreens Solutions SA, Evergreen Farm Oy, Freight Farms Inc., LettUs Grow Ltd., Living Greens Farm Inc., and Ponics Technologies.

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Aeroponics Market Report by Component (Lightning, Irrigation Component, Sensor, Climate Control, Building Material, and Others), Application (Indoor Farming, Outdoor Farming), and Region 2024-2032
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