Find stats on top websites
Industry Landscape
The indoor vertical farming industry is experiencing rapid growth, driven by increasing demand for fresh, local produce, limited arable land, and technological advancements. It's becoming crucial for urban food security and sustainable practices, integrating AI and IoT for automated systems. Innovation in energy efficiency and crop variety is key to continued expansion.
Industries:
Total Assets Under Management (AUM)
Market Size (Revenue) in United States
~1.8 Billion USD (2023) in North America (primarily US and Canada)
(24.6% CAGR)
- Growing consumer interest in healthy and fresh food.
- Advancements in LED lighting and automation technologies.
- Increasing adoption of controlled environment agriculture.
Total Addressable Market
1.8 Billion USD
Market Growth Stage
Low
Medium
High
Pace of Market Growth
Accelerating
Deaccelerating