Agricultural Robots Market Analysis, Key Players, Growth Trend, and Forecast, 2021–2030

The global agricultural robots market size was USD 6.94 Billion in 2021 and is expected to register a revenue CAGR of 34.4% during the forecast period, according to latest analysis by Emergen Research. Growing population stimulates demand for food and this factor is driving agricultural robot market revenue growth.

Increasing population growth is driving demand for food production and supply and this is driving deployment of agricultural robots in various countries. Global population is rising, but there is still a sharp decline in labor force in the agricultural sector. Moreover, agricultural robots keep a check on crops and can monitor for various types of pests and insects. Demand for modernized farming processes supported by government offers and subsidies to farmers are factors expected to continue driving market revenue growth.

The latest market study, Agricultural Robots market blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2022 – 2030. This research allows the business owners/individuals/ stakeholders to collect decisive information about market segmentation based on product category, usage and sale volume across the various geographical regions. Business stakeholders can prepare effective expansion plan by using the statistics on market share, size and the growth rate discussed in the report, for the forecast period of 2022 - 2030. On 7 February 2022, AGCO Corporation, which is a U.S. based agricultural machinery manufacturer, launched WR Series self-propelled windrower from Hesston by Massey Ferguson. It would offer comfort, power, and uptime to hay farmers. Additionally, it would increase overall efficiency by 10% over previous model to maximize power and speed of hay production. This newly launched WR Series consists of cutting-edge technologies of Massey Ferguson to offer comfortable rides and increased efficiency. Besides, this WR Series would save fuel up to 12% in fields.

However, factors hampering market growth include high cost of agricultural robots, especially cost of Unmanned Aerial Vehicles (UAVs) and driverless tractors, which makes these options unaffordable among small-scale farmers.

Increasing demand for modernized farming processes and modernization of agriculture are key factors driving agricultural robots market revenue growth

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 Key Players operating in the industry are:

Trimble Inc., Deere & Company, AGCO Corporation, Lely, Ag Leader Technology, AgEagle Aerial Systems, Inc., Topcon, DeLaval, BouMatic, and Agjunction

Some Key Highlights from the Report

• Indoor segment revenue is expected to expand at a steady rate during the forecast period. Indoor farming robots comprise 3D cameras, which are capable of capturing information from modules placed in front of them and help in plant harvesting, inspection, and sowing. Furthermore, indoor farming robots are capable of identifying pests and diseases, and alerts enable safeguarding crops against damage and improving plant health.


• Hardware segment revenue is expected to expand at a rapid rate over the forecast period. Rising deployment of cost-efficient Internet of Things (IoT) based technologies and sensors to produce superior quality crops are expected to drive revenue growth of this segment. In addition, various types of hardware such as driverless tractors and UAVs can be operated autonomously with the help of Global Positioning System (GPS).


• Asia Pacific market revenue is expected to register fastest growth rate over the forecast period. Increasing population in countries in the region coupled with shortage of farming labor work force are key factors driving market growth. In addition, depletion of arable land and water sources is supporting demand for agricultural robots in the region.

Radical Features of the Agricultural Robots Market Report:

• An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently


• Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies


• Supply chain analysis along with technological advancements offered in the report


• The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Agricultural Robots industry


• The report encompasses Agricultural Robots market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements

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Segmentation:

• 
  

  Offering Outlook (Revenue, USD Million; 2019–2030)

  
  
  
  
  • Hardware
  
  
  • Software
  
  
  • Service
  
  
  
  

• 
  

  Farming Environment Outlook (Revenue, USD Million; 2019–2030)

  
  
  
  
  • Indoor
  
  
  • outdoor
  
  
  
  

• 
  

  Type Outlook (Revenue, USD Million; 2019–2030)

  
  
  
  
  • Milking Robots
  
  
  • Unmanned Aerial Vehicles (UAVs) / Drones
  
  
  • Driverless Tractors
  
  
  • Automated Harvesting System
  
  
  • Others
  
  
  
  

Regional Analysis Covers:

• North America (U.S., Canada)


• Europe (U.K., Italy, Germany, France, Rest of EU)


• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)


• Latin America (Chile, Brazil, Argentina, Rest of Latin America)


• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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