The global agriculture robots market size was USD 2281.11 million in 2021 and is expected to register a robust revenue CAGR of 13.57% during the forecast period. Key factors such as rapidly expanding global population, growing demand for high-quality crops, vegetables, and fruits, and rising indoor farming and weather uncertainties are expected to drive global market revenue growth during the forecast period.
Agriculture robots are rapidly gaining traction among farmers and farm owners for automating farms and performing various activities such as crop seeding, weed control, pest management, field monitoring, and harvesting. These robots help in automating complex tasks of farmers, boosting crop efficiency, and reducing overall reliance on manual labor and human errors. Drones, driverless tractors, automated harvesting systems, and milking robots are some of the widely used agriculture robots across the globe. In addition, leading manufacturers are focused on developing more efficient, cost-effective agriculture robots with advanced features, and farmers in many parts of the world are becoming aware of advantages of deploying agriculture robots.
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Other factors such as rapid advancements in robotics, rising awareness about importance of agriculture robots, and increasing investments in R&D activities, are expected to surge overall market growth between 2023 and 2028.
However, factors such as high cost of agriculture robots, huge amount required for automation of small farms, rising concerns about data privacy, and low awareness about benefits of agricultural robots are expected to hamper overall market growth during the forecast period.
Milking Robots Segment To Register Rapid Revenue CAGR:
The milking robots segment is expected to register rapid revenue CAGR over the forecast period. This can be attributed to rising automation in the agricultural sector, high adoption of milking robots owing to benefits such as minimal manual labor, cost-efficiency, better flexibility, and higher frequency of milking compared to conventional processes, and rising spending on dairy farming.
Field Farming Segment to Account for a Significantly Larger Revenue Share:
The field farming segment is expected to account for a significantly larger revenue share during the forecast period. Factors such as increasing adoption of smart farming, rising number of crop plantations to cater to increasing consumer demand, and rising demand for agriculture robots to perform various field farming tasks such as crop monitoring, plant countering, weeding, spraying, and planting are expected to drive segment revenue growth going ahead.
Asia Pacific Market to Register Rapid Revenue Growth:
Asia Pacific market is expected to register rapid revenue growth during the forecast period owing to rapidly expanding agricultural sector, rising adoption of advanced technologies such as drones, driverless tractors, and automated harvesting systems, and rising awareness about importance of agriculture robots. In addition, growing demand for high-quality food, emergence of new players, and rising investment in developing cost-effective and more efficient agriculture robots are expected to drive Asia Pacific market growth going ahead.
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Agriculture Robots Market By Company:
Deere and CompanyDeLavalHarvest AutomationLelyParrotPrecisionHawkAGCOKC Drone
Agriculture Robots Industry Recent Developments:
In February 2023, Verdant Robotics announced the launch of multi-action agricultural robots for specialty crops enabling superhuman farming.
The global agriculture robots market has been segmented based on type, application, and region:
Agriculture Robots Market Segment by Type:
Unmanned Aerial Vehicle (UAV)/DronesDriverless TractorsAutomated Harvesting SystemsMilking Robots
Agriculture Robots Market Segment by Application:Harvest ManagementField FarmingDairy Farm ManagementIrrigation ManagementCrop managementWeather Tracking and MonitoringAnimal ManagementSoil Management
Agriculture Robots Market Segment by Region:
North America (USA, Canada, Mexico)Europe (Germany, France, UK, Italy, Russia, Rest of Europe)Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)South America (Brazil, Argentina, Columbia, Rest of South America)Middle East & Africa (Saudi Arabia, U.A.E, Egypt, Nigeria, South Africa, Rest of MEA)
Key Reasons to Purchase:
Estimates 2023 to 2028 agriculture robots market current market trends and development trendsMarket dynamics along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the Agriculture Robots marketCompetitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five yearsComprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market playersBrief about impact of COVID-19 on the global agriculture robots market
Key Questions Addressed:
What revenue CAGR is the global market expected to register during the forecast period?Which key players are leading in the global agriculture robots market?What is the expected market size of the global agriculture robots market between 2023 and 2028?What factors are expected to open new growth avenues and opportunities for existing and emerging market players?What are some of the key challenges that the global market is expected to face during the forecast period?Which region is expected to account for largest revenue share over the forecast period?
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