Global Agricultural Robots Market – Size, Trends, Insights, Demand, Competitors Analysis, & Forecast 2016-2024

Technological advancement has significantly driven the growth of robots, unmanned aerial vehicles and other value-added services in the agriculture sector, which is likely to flourish in coming years.

Global agricultural robots market is expected to expand at a compound annual growth rate (CAGR) of 22.0% over the forecast period i.e. 2016-2024.

Market Landscape

Robot technology has been successful in creating its place in the agricultural sector in past few years and the major activities are done by the support of robotics is at the harvesting stage. Advanced agriculture needs to find new innovative ways to improve efficiency. One methodology is to exploit available information technologies to develop more intelligent machines to moderate and target energy inputs in more efficient ways than in the past. The global is likely to surpass 9.5 billion by the end of 2050 from today’s figure of 7.4 billion which will put the pressure on limited arable land across the globe to meet the increased demand for food. Further, increasing opportunities in other sectors and continuous migration of rural population towards urban areas have reduced the availability of labours for agricultural fields. As a matter of fact, in the United States the average age of a farmer is age 58. This has led to the usage of agricultural robots to gain popularity in developed countries and has started replacing the manpower requirement for agricultural purposes. 

On the back of rapid advancement in robotics technology there are numerous partially and fully automatic robotic devices for most of the agricultural applications such as grafting to planting, harvesting to sorting and aerial mapping, but as their employment has been too costly and the liability aspects are difficult, they are not widely adopted. These major challenges are being met with new vendors and startups, lower costs, and new robotic products, often promoted in the format of Robotics-as-a-Service (RaaS).

Global Agricultural Robots Industry Outlook, 2016-2024 covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in agricultural robots industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, Agricultural robots manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall agricultural robots industry.

Global Agricultural Robots Market Segmentation can be classified on the basis of:-

  • On the basis of products
    • Driverless Tractors
    • Milking Robots
    • Potato Sorting System
    • Unmanned Aerial Vehicles
    • Others
  • On the basis of technology
    • Hardware
      • Automation and control system
      • Sensing and monitoring device
    • Software
      • Local/Web-based
      • Cloud-based
    • Services
      • Managed services
      • Connectivity services
      • Maintenance services
      • Support services
  • On the basis of application
    • Field Farming
    • Soil Management
    • Crop Management
    • Grafting
    • Nursery Operations
    • Weather Tracking and Forecasting
    • Pruning
    • Thinning
    • Weeding
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
    • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Product Sales (Units)}

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Market Trends, Drivers and Challenges

Manufacturers of agricultural robots are unceasingly spending on development of agricultural robots in order to make them more capable and to reduce their cost of ownership. The trend of continuous improvements in technologies to improve the performance and price competitiveness gap between advanced agricultural robots and conventional agricultural systems will continue over the next five to six years. Moreover, new startups are entering the market with turnkey solutions is likely to further impel the growth of agricultural robots market. Agricultural technology startups have raised over USD 800 million in the last 5 years. For instance, Abundant Robotics has significantly raised over USD 10 million from investors such as Yamaha Motor Ventures and Google Ventures to develop apple-picking robots.

Global Agricultural Robots Market Report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. The global agricultural robots market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players. 

 

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