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The global Agricultural Robotics market is estimated to project a CAGR of 19.3% during the forecast period, 2022-2030

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The global Agricultural Robotics market is estimated to project a CAGR of 19.3% during the forecast period, 2022-2030

June 23
01:40 2022
The global Agricultural Robotics market is estimated to project a CAGR of 19.3% during the forecast period, 2022-2030
Emergen Research | Agricultural Robotics Market
Increasing government support toward adoption of automation in the agricultural sector is driving revenue growth of the agricultural robotics market

The global agricultural robotics market size reached USD 4.81 Billion in 2021 and is expected to register a revenue CAGR of 19.3% during the forecast period. Rising demand for modernized farming processes and expanding population and increasing labor shortage are encouraging automation and are some of the key factors driving market revenue growth. Rising awareness among farmers regarding the advantages of agricultural robots for sustainable farming is expected to boost adoption of AR during the forecast period. In fields, robotic cameras and sensors are used for identifying pests, detecting weeds, parasites or diseases, and others. Artificial Intelligence (AI) sensor can spot and target weeds, and after that, it determines suitable herbicides. Sensors are usually selective, meaning they only spray herbicides on the affected region. This leads to reduced usage of herbicides and results in less harmful impact on the environment. Small robots are able to spray bio-pesticides on targeted parts and are effective in removing weeds without harming other useful insects such as bees. Furthermore, soil and water sources remain unpolluted. Rapid development in agricultural robotics is driving revenue growth of the market.

However, high cost of installation for agricultural robots is hindering their adoption. Initial stage of robot installation is capital-intensive. Many high-cost robots do not always provide sufficient Return on Investment (RoI). This is one barrier for small farms and therefore, these farms are lagging. The Agricultural Robotics Market  market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2022 to 2030. The research further reveals which countries and regions will have a better standing in the years to come.  Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Agricultural Robotics Market  industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.

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Some Key Highlights From the Report

  • In July 2021, Precision Ag Line (PAL) program was launched by AGCO Corporation. This program is designed to offer precision farming expertise to farmers who are using AGCO solutions. Programs such as Challenger, Fendt, Gleaner, Massey Ferguson, and Precision Planting are widely being used by PAL to make farmers experts in precision farming.
  • Milking robot segment accounted for largest revenue share in 2021 owing to benefits such as cost-efficiency, higher flexibility, and higher frequency of milking times compared to conventional milking process. Conventional milking process requires minimal manual labor, and therefore, agricultural robotics automation can shift labor focus to other various areas of farm management and AR can complete the task more efficiently by taking less amount of time which are key factors driving revenue growth of the segment.
  • The outdoor segment accounted for largest revenue share in 2021. Rising adoption of agricultural robotics by farmers and increasing use of driverless tractors, weeding robots, and fruit harvesters owing to various advantages is driving revenue growth of the segment. Rising innovation of outdoor harvesting robots such as nanotechnology, materials science, and mechatronics not only detects and analyzes ripeness of fruits but also grasps and detaches them without damaging them, resulting in high adoption by farmers to reduce revenue loss caused by human error.
  • The field crops segment accounted for moderate revenue share in 2021. In fields, robotic cameras and sensors are used in identifying pests, detecting weeds, detecting parasites or diseases, and many more. AI sensor can spot and target weeds, and after that, it determines suitable herbicides. Sensors are usually selective, such that they only spray herbicides on the affected region. This leads to reduced usage of herbicides and results in less harmful impact on the environment, which are the key factors boosting revenue growth of the segment.
  • The dairy and livestock management segment accounted for largest revenue share in 2020. Increasing demand for dairy products is boosting demand for robots in dairy management. These robots have the capacity to observe cattle health and help to reduce spread of diseases among farm animals.

The subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Agricultural Robotics Market  market analysis provides everything a business owner needs in order to succeed.

Major Players/Manufacturers profiled in the report are:

Deere & Company, Trimble Inc, Agco Corporation, Lely Industries N.V., AgEagle Aerial Systems Inc., Agribotix LLC, AGROBOT, Harvest Automation, Naio Technologies, and IBM Corporation.

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For better understanding, the report further divides the market into key segments such as product types and application spectrum. The report also offers estimates about the segment and sub-segment expected to grow at a rapid pace and the key factors expected to drive revenue growth of the segments during the forecast timeline of 2022-2030.

Emergen Research has segmented the global agricultural robotics market on the basis of type, farming environment, farm produce, application, and region:

·         Type Outlook (Revenue, USD Billion; 2019–2030)

  • Milking Robots
  • Unmanned Aerial Vehicles (UAVs) / Drones
  • Driverless Tractors
  • Automated Harvesting System
  • Others
  • Indoor
  • Outdoor
  • Field Crops
  • Fruits and Vegetables
  • Dairy and Livestock
  • Others
  • Field Farming
  • Harvest Management
  • Soil Management
  • Dairy and Livestock Management
  • Pruning Management
  • Irrigation Management
  • Inventory Management
  • Weather Tracking & Monitoring
  • Others

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

·         Farm Produce Outlook (Revenue, USD Billion; 2019–2030)

·         Application Outlook (Revenue, USD Billion; 2019–2030)

Regional Segmentation;

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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The report offers insightful information about the market dynamics of the Agricultural Robotics Market  market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Agricultural Robotics Market  market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Agricultural Robotics Market  market.

Key Benefits of the Report:

  • Comprehensive analysis of the competitive scenario and its changing dynamics
  • Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
  • In-depth 8 year analysis of the Global Agricultural Robotics Market  Market
  • Critical assessment of the key market segments
  • Comprehensive analysis of the drivers, restraints, trends, and opportunities
  • Detailed regional analysis and extensive company profiling
  • Extensive assessment of current and emerging trends of the market

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Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs. Emergen Research also offers a country-wise customized report as per clients’ needs. 

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

 

 

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