The agricultural robot market is expected to witness market growth at a rate of approximately 33.20% in the forecast period of 2021 to 2028 and is expected to reach USD 15.98 billion by 2028.
The agricultural robots refer to Agbots and the continuous technological advancement equipment, machines and applications in across the globe for enhancing the productivity of the farms act as the major factors driving the agricultural robot market. The deployment of these agricultural robots for several functions based on the configuration of the robots including fruits picking robots, weed control, cloud seeding, harvesting, environmental monitoring and soil analysis and the utilization of Agbots is being done with the purpose of reducing the human efforts.
Major Players Covered in this Report are:
- Deere & Company
- Trimble Inc.
- AGCO Corporation
- DeLaval
- DJI All Rights Reserved
- BouMatic
- Lely
- AgJunction
- Topcon
- AgEagle Aerial Systems Inc.
- YANMAR HOLDINGS Co. Ltd.
- farming revolution GmbH
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The rise in the utilization of precision agriculture by farmers across the globe for the purpose for collecting and processing data which assists in making better decisions on fertilizing, harvesting crops and planting and the increase in demand for the technique to enhance crop yields and profits in order to cater the food and water crises act as the major factors driving the agricultural robot market. The rise in the requirement for monitoring crop health with the purpose of yield production, the increase in government support to make cultivators to adopt modern agricultural techniques and trend of maximizing agricultural resources in a sustainable manner accelerate the agricultural robot market growth. The high utilization of IoT in various industries such as transportation, manufacturing, agriculture and others and the dependency of agriculture industry on the technology, engineering, and physical and biological sciences using IoT in research projects influence the agricultural robot market. The rising labor wages and untrained labor encouraging automation among farmers, the impact of COVID-19 accelerating the use of robots in the agricultural sector and maturing IoT and navigation technologies also boost the agricultural robot market. Additionally, growth population, high food demand and increasing age of farmers positively affect the agricultural robot market. Furthermore, utilization of real-time multimodal robot systems and the rise in the usage of electrification technology in agricultural robots extend profitable opportunities to the agricultural robot market players in the forecast period of 2021 to 2028.
Agricultural Robot Market Scope and Market Size
The agricultural robot market is segmented on the basis of type, farm produce, offering, farming environment and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the agricultural robot market is segmented into unmanned aerial vehicles, milking robots, driverless tractors, automated harvesting systems and other robots.
- On the basis of farm produce, the agricultural robot market is segmented into fruits and vegetables, field crops, livestock and others.
- On the basis of offering, the agricultural robot market is segmented into hardware, software and services.
- On the basis of farming environment, the agricultural robot market is segmented into indoor farming and outdoor farming.
- On the basis of application, the agricultural robot market is segmented into harvest management, field farming, dairy and livestock management, soil management, irrigation management, pruning management, weather tracking and monitoring, inventory management and others.
