The global market for agriculture robots is projected to grow swiftly by USD 16.2 Billion by 2030 and is projected to grow at a CAGR of 21.40% during the forecast period.
Globally, the size of Agriculture Robots Market is expected to grow to USD 16.2 Billion by 2030, at a CAGR of 21.40% during the forecast period driven by the high pressure in the agriculture industry due to the growing population.
The technological revolution is impacting all the markets. Even the agriculture industry is rapidly developing due to technology. The demand for food is creating new developments in the agriculture market. Agriculture robots are the top technologies available in the market. These robots are deployed in farming that can enhance the speed and efficiency of the process.
They can take care of the tasks such as soil management, seed farming, field farming and dairy farming. High requirement for sustainability is leading to higher adoption of agriculture robots. Crop harvesting is reducing in many regions. Less number of farmers and inefficient farming methods are the factors for low crop yielding. The robots used for agriculture is widely known as Agobots.
They can perform all these agricultural tasks without human intervention. More output is possible through agriculture robots. They can automate the overall agriculture process. It is an exceptional help for modern farmers. These unmanned aerial drones can also milk the cow, drive tractors and control weeds. The integration of IoT is another factor that leads to the growth of robots. Agriculture Robots Market Forecast shows an increase the market value by 16.2 Billion by 2030.
The outbreak of covid 19 is causing plenty of disturbances in global markets. Revenue losses and supply chain disruptions of the market are high. Due to the lockdowns and restrictions, most of the factories are shutting down. Even the top companies are entering into recession. The agriculture robots market is witnessing a 10% decline. The demand for the agriculture robots market has significant drop. However, this is expected to be a short term setback for the market.
The slow growth will not continue for the market. In the upcoming years, the need for food is increasing. Less production and harvesting is leading to more food scarcity. Due to the high need for food in many regions, the demand for agriculture robots is surging. Also, new developments in the agriculture robots market will lead to a high expansion rate. Post covid 19, the effects of the market looks positive.
The growing population is a crucial driver for the agriculture robots market. There is high pressure in the agriculture industry due to the growing population. Higher productivity in the farms is the way to solve food scarcity across the globe. Urbanization is leading to high demand in the agriculture industry. Developed regions such as US and UK are relying on migrant workers for agriculture.
The employment in the agriculture sector is reducing by 15%. The labour shortage is a global problem in the agriculture sector. Due to the limitations of manual labour the demand for agriculture robots is rising. Through agriculture robots, productivity in the farms is rising. From ploughing to harvesting all the tasks are programmed for the robots.
Also, they are safe for humans. Famers can work near these robots. Further, these robots can reduce labour costs in fields. With fieldwork, they are used for cleaning and milking the animals. In the upcoming years, precision farming is gaining more traction. This type of framing focuses on no wastage and high efficiency. For these farming methods, agriculture robots are more suitable. All these factors will increase Agriculture Robots Market Growth.
The adoption of multi-modal robots will lead to Agriculture Robots Market Opportunities. The use of multimodal or heterogeneous robots is prevalent in upcoming years. These developed robots are useful for large scale agriculture. From diary operations to crop cultivation tasks are possible by these high-end robots. The adoption of these multimodal robots is expected to enhance the economy.
Due to this, the demand for these robots will constantly grow. There are plenty of benefits of agriculture robots. These drones can monitor, irrigate and cultivate. They are suitable in rugged platforms and come with limited operational time. These robots can work in swarms to perform weeding and spraying tasks. The launch of multimodal robots can increase the revenue rate of the agriculture robots market.
Further, the growing research in the Agriculture Robots Industry is leading to high expansion. Market research leads to new developments and innovations. The agriculture robots market is widening due to the entry of key players. These market players are making constant development in the agriculture robots market. All these factors are expected to improve the overall supply rate.
The high cost of automation is a restraining factor for the agriculture robots market. The smaller farms do not find agriculture robots affordable. The cost is high and the return on investment is insufficient for small farms. However, there is still the least affordable robotics such as auto-steering drones for small farms. The penetration of cost-effective agriculture robotics is less.
The adoption of robotic technology is less in small farms. Especially, the countries such as China, India and Brazil stick to the traditional ways of farming. There is less technical awareness among the farmers. It has led to more lease of agriculture robots in these developing regions. This restraint of the agriculture robots market can slow down the adoption rate in the forecast period.
Data privacy issues are a significant challenge in the market. The ground robots can collect more information about the field and farming methods. It can cause data security issues in the market. Also, the lack of standardization is another challenging factor.
The operations of these agriculture robots are diverse. They work according to the farm type and collect data. There is no global standardization for the functions of agriculture robots. Also, it can cause inconsistency in the agriculture robots market. Due to this challenge, there will be less supply rate in the market.
Agriculture Robots Market growth is stable in the forecast period. UAV segment of the market is estimated to dominate the entire market. UAV is helpful for modern farmers to reduce costs. Also, field farming is gaining more traction in the forecast period. The use of drones and driverless tractors is leading to exceptional results.
A growing population is raising adoption of agricultural robots. The features of agricultural robots help to do many tasks. These factors drive the demand for the agriculture robots market. The high cost of this automation is a restraining factor. Also, data security issues impede market growth. Still, overall growth is sustainable.
North America is the leading agriculture robots market in the forecast period. The rising labour shortage in agriculture is a major reason for high adoption. Adoption of the agricultural robots is leading to higher productivity in the region. Investments for the market are higher in the robots market.
US and Canada are key contributors. The driverless tractor has exceptional demand in this region. Also, R&D activities create more growth opportunities in the market. The new product launches will attract many end-users to the market.
By Farm Produce
By Farming Environment
The competition in the Agriculture Robots Industry is rising. There are plenty of new developments in the market during the forecast. Market acquisitions, expansion and partnerships are key strategies in the market. In the competitive landscape entry of new key players will happen.
The agriculture robots market is fragmented into Asia Pacific, Europe and North America. North America will hold the highest Agriculture Robots Market Share. Maintaining quality standards of robots US focuses on vegetables and fruits production with this technology. The
Asia Pacific is the next largest region that holds the highest shares. Agriculture is a primary industry in the market. The need for more labour is essential due to higher harvest. Cost efficiency of some robots will have higher adoption in the regions. Europe is a crucial region with high investment in agriculture robots. The scope for the market is high due to the presence of key players.
The key players in the agriculture robots market are
|Market Size||USD 16.2 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Robot Type, Farm Robot Type, Farm Produce, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||& Company (US), Trimble (US), AGCO Corporation (US), DeLaval (Sweden), DJI (China), Boumatic Robotics (Netherlands), Lely (Netherlands), AgJunction Inc. (US), Topcon Positioning Systems, Inc. (US), AgEagle Aerial Systems, Inc. (US), and Yanmar Co. (Japan)|
|Key Market Opportunities||Advancements in artificial intelligence (AI) and robotics technologies.|
|Key Market Drivers||
The global agriculture robots market size can reach USD 16.2 Billion by 2030.
The global agriculture robots market can expand at a 21.40% CAGR from 2022 to 2030.
Rise in crop production and minimizing crop damages are major drivers of the global agriculture robots market.
UAV robots can dominate the global agriculture robots market.
Field crops can induce demand in the global agriculture robots market.
Field farming can lead the global agriculture robots market.
agriculture robots feature mechanical parts, robot arms, vision cameras, sensing technology, and artificial intelligence to improve crop production by minimizing the use of arable land
agriculture robots use artificial intelligence and sensors to calculate how-to pick-up plants without disturbing nearby crops
Advancements in artificial intelligence (AI) and robotics technologies reduce costs, save resources, and boost profits, which propels the adoption of robots for indoor farming