Indoor Farming Technology Market Size, Share, Growth, Trends, and Global Industry Analysis: By Growing System (Hydroponics, Aeroponics, Aquaponics, Hybrid, Soil-based), By Facility Type (Glass or Poly Greenhouses, Container Farms, Indoor Vertical Farms, Indoor Deep Water Culture (DWC) Systems), By Component (Hardware, Software & Services), By Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals, Others) and Region Forecast 2019-2030

Indoor Farming Technology Market size was valued at US$ 16,100.2 million in 2023 and is expected to reach a value of US$ 31,776.2 million by 2030, growing at a CAGR of 10.2% from 2024 to 2030. The global market provides a detailed overview of the market and that can be segmented by the growing system, facility type, component, and crop type. By growing systems, the market has been segmented into hydroponics, aeroponics, aquaponics, hybrid, and soil-based. The hydroponics segment is likely to be the largest and fastest-growing segment in the market. Based on Facility Type, the market is segmented into glass or poly greenhouses, container farms, indoor vertical farms, and indoor deep-water culture (DWC) systems. The glass or poly greenhouses segment is expected to have the fastest-growing market during the forecast period 2024-2030.

Key Developments

• In April 2021, Aerofarms entered a partnership with Hortifrut SA, a certified B corporation in Chile. The partnership will focus on the research and development of blueberry and cranberry production in fully-controlled vertical farms and indoor environments.
• In April 2019, the business Hydroponics System International introduced a new raised system to assist sites that require gutters that aren't at ground level.