Agricultural Robots Market: Global Trends, Growth, Share, Size, Regional Analysis and Forecast

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Report Description and Highlights

Report Description

Agricultural Robots Market Report By Product Type (Unmanned Aerial Vehicles/Drones, Milking Robots, Automated Harvesting Systems, Driverless Tractors and Others), Application (Field Farming, Dairy Farm Management, Animal Management, Soil Management, Crop Management and Others), Offering, Region Agricultural robots are one of the latest innovations in the agriculture industry. Agricultural robotics or agribots refers to the introduction of automation technologies into biosystems such as agriculture, forestry, and fisheries.

Market Overview: According to the latest report by IMARC Group titled, “Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the market reached a value of US$ 4.1 Billion 2018. Looking forward, the market is expected to reach a value of US$ 10.1 Billion by 2024, exhibiting a CAGR of around 16% during 2019-2024. These robots automate slow, dull and repetitive tasks which enable the farmers to focus more on improving the overall production yields. From robotic arms to drones and autonomous tractors, the technology is being employed in various innovative applications. Some of the robots in the agriculture industry are used for controlling weed, mowing, pruning, seeding, spraying and thinning autonomously, harvesting and picking, phenotyping, and sorting and packing.

Report Description and Highlights

Report Description

According to the UN, the world population will grow from 7.3 billion in 2016 to 9.7 billion in 2050.

With this growing population, farmers need to produce more output sustainably with higher quality.

This has encouraged the farmers to opt for agricultural robots to perform various agricultural activities with ease and minimal human intervention. Apart from this, many organizations are supporting research in computing and engineering that has enabled to develop agricultural robots. For instance, the US Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA) has introduced the joint National Robotics Initiative to research the development and use of collaborative robots that will help in long-term prosperity of the US agriculture industry. Besides, Europe has funded at least six projects concerning robotic farming.

Global Agricultural Robots Market Drivers: With growing population, the demand for food is rising at a rapid pace worldwide. As a result, farmers are now shifting towards modern tools and equipment, such as agricultural robots, to increase their total productivity and generating more revenue. Further, governments around the world are offering subsidies and undertaking initiatives to propagate awareness about automated technologies among farmers. For instance, the European Union has funded projects, such as GRAPE and MARS, to replace labor-intensive tasks with advanced automated technologies. Moreover, several established and startup agricultural companies are investing in research and development activities to introduce an innovative range of agricultural robots. On account of these factors, the market is projected to reach a value of US$ 10.1 Billion by 2024, growing at a CAGR of around 16% during 2019-2024.

Market Forecast

Sample Figure: Global: Agricultural Robots Market Forecast: Sales Value (in Billion US$), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description

Agricultural Robots Market Segmentation: Market Segmentation by Product Type • • • • •

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

On the basis of products, the market has been segmented as unmanned aerial vehicles(UAVs)/drones, milking robots, automated harvesting system, driverless tractors and others.

Market Segmentation by Application • • • •

Field Farming Dairy Farm Management Animal Management Soil Management

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Market Segmentation

Report Description • •

Crop Management Others

Based on application, the market has been segregated as Field Farming, Dairy Farm Management, Animal Management, Soil Management, Crop Management and Others.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Market Segmentation by Offering For more information, click here: https://www.imarcgroup.com/agricultural-robots-market

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description • • •

Hardware Software Services

On the basis of offering, the market has been segmented as hardware, software and services.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • • •

Deere & Company Trimble Inc. Agco Corporation Lely Holding S.À.R.L AG Eagle LLC Agribotix LLC Agrobot Harvest Automation Naio Technologies Precision Hawk IBM

Market Segmentation

Report Description • • • • • • • • •

Agjunction, Inc. DJI Boumatic Robotics B.V. AG Leader Technology Topcon Positioning Systems, Inc. Autocopter Corp Auroras S.R.L. Grownetics Inc. Autonomous Tractor Corporation

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Report Description and Highlights

Report Description

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