By 2022, the market for agricultural robots will be worth $5,994.27 million worldwide. By 2032, the global market for agricultural robots is expected to generate $30,500.51 million in sales at a CAGR of 17.7%.
Developing IoT and navigation technology reduces the costs associated with automation because of rising population and labour shortages, which drive automation.
Technologies that are constantly developing are anticipated to have a big impact on many different businesses.
The demand for food among consumers is rising along with the global population. To increase agricultural productivity, the agriculture sector is now increasingly implementing technological solutions.
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Agriculture Robotics Market: Drivers and Restraints
Replace farmer’s effort with smart robots is the major driver propelling the growth of the market. Also, population all across the world is increasing, which is fuelling the demand for more crop production, thus piloting the growth of agriculture robotics market during the forecast period.
The government of emerging nation such as India and China is focussing on launching smart farmer project, which is anticipated to create huge industry expansion opportunity in the nearer future. Further, the demand for driverless tractor and increasing application of robots for indoor farming, dairy management, and horticulture are the other factors responsible for the growth of the agriculture robotics market.
High initial investment and skilled staff for accessing the robot are the two factors coupled together to challenge the growth of the agriculture robotics market in recent years. Apart from this, government subsidy and farmer development training programs may assist in overcoming the above mention challenge.
Market Competition
- Tractor LLC,
- Blue River Technology Inc.,
- AutoProbe Technologies LLC,
- BouMatic Robots BV,
- Deere & Company,
- Harvest Automation Inc.,
- Precision Hawk,
- Yamaha Motor Corporation, and
- GoPro, Inc.
are among the key players in the agricultural robot market.
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Global Agriculture Robotics Market: Regional Trend
North America is expected to witness largest market growth regarding revenue, owing to increasing penetration towards modern agriculture equipment. Further countries such as Canada and U.S are anticipated to exhibit positive market growth, due to increasing inclination adoption of the automation process.
Asia-Pacific countries such as China, India are estimated to capture fastest market growth, owing to supportive government regulation to encourage smart agriculture project in the respective region, is expected to spur the demand for agriculture robotics in forthcoming years.
Key Segments Covered in the Agricultural Robots Industry Survey
Agricultural Robots Market by Product Type:
- Agricultural UAV
- Driverless Agricultural Tractors
- Agricultural Milking Robots
- Automated Agricultural Harvesting Machine
Agricultural Robots Market by Application:
- Agricultural Robots for Field Farming
- Agricultural Robots for Dairy Management
- Agricultural Robots for Indoor Farming
- Agricultural Robots for Horticulture
Agricultural Robots Market by Offering:
- Agricultural Robot Hardware- Automated & Controlled System
- Agricultural Robot Sensor & Monitoring Device
- Agricultural Robot Software Service
Agricultural Robots Market by Region:
- North America Agricultural Robots Market
- Europe Agricultural Robots Market
- Asia Pacific Excluding Agricultural Robots Market
- Middle East & Africa Agricultural Robots Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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