The increase in adoption of automation technology is projected to magnify growth in the global Agricultural Robots Market
Covid-19 Impact & Market Status
The report offers an exhaustive overview of the business dynamics and new investment strategies that are being adopted by business leaders across countries and regions to overcome the acute challenges and financial instabilities that have emerged in the post pandemic times.
The report highlights some of the best industry strategies and practices that are adopted by the players across local and global markets. Ever since the Covid-19 broke out in 2019, it has spread aggressively, resulting in rapid declaration by the WHO affirming Covid-19 as a global pandemic and an emergency.
The impact of the pandemic is widespread and the aftermath is well pronounced, gravely affecting the global Agricultural Robots chip market. The sudden pandemic and its implications have posed significant challenges such as travel bans, quarantines, and lockdowns.
These developments are hampering operations resulting in supply chain breaches, stock market inefficiencies, and vendor chaos. These are constantly interfering with the normal functioning of industries.
Ever since the outbreak of the global crisis, impact on upstream, downstream, and midstream industries have been appalling. The report delivers a quick ready-to-deploy approach to counter such crisis and steer the global Agricultural Robots market towards steady growth and systematic progression.
Amidst the pandemic, aligning with new dynamics, global Agricultural Robots market has been witnessing new dynamics which are further necessitating new business models and approaches to recoup growth and revenue streams.
In this report, inquisitive business players would be provided with sufficient guidelines regarding business transformation, integral to sustain stiffening competition in the pandemic and beyond pandemic era global Agricultural Robots market.
UAVs for type segment to Sustain the Highest Revenues, Followed by driverless tractor segment
These robots help in increasing crop production, and also help in monitoring the growth of the crop. They also help the farmers to optimize their agricultural operation, which further improves the land efficiency. Owing to these benefits Agricultural Robots are projected to witness a significant growth over the forecast period.
Fuerhtermore, the driverless tractor segment is expected to grow at the substantial CAGR over the forecast period. In addition, these robots are designed in a way to avoid the obstacles while performing the task. Due to these factors, many countries have adopted the driverless tractor in the farming fields.
Dairy Management application Segment to be the Most Lucrative
In Dairy management, the advanced robots are used to take milk from the cows and are also used to graze the agricultural ground. The harvest management segment is estimated to grow at significant CAGR during the forecast period. These robots perform operations such as cleaning, cooling, packing and sorting of the harvested farms.
North America to Sweep the Largest Revenue Streams Followed by Asia Pacific
North America is the largest contributor to this market, followed by Asia Pacific. In North America, countries like U.S. and Canada are increasingly adopting Agricultural Robots systems. The rising adoption of automated farm vehicles is contributing to regional growth. In addition, supportive government initiative are expected to boost the market growth.
Asia Pacific is estimated to expand at the fastest CAGR over the forecast period. The increased use of automation in the farming sector and favorable government initiatives like subsidies are driving the Aisa-Pacific market growth.
The growing trend of indoor farming is expected to offer new opportunities in the global Agricultural Robots market
Agricultural robots are gaining popularity among farmers as a result of the requirement to produce agricultural products efficiently while also assuring long-term viability. These robots are used to speed up farming procedures while requiring the least amount of human participation. Agricultural robots are designed to do a variety of tasks, including field farming, dairy farming, seed sorting, soil management, and more. Over the forecast period, the global agricultural robots market is likely to be driven by a high demand for modernised and sustainable farming practises that create higher yields. Growing population and labour shortages, maturing IoT and navigation technology, and the COVID-19 epidemic are just a few of the causes driving the adoption of robots in agriculture. Furthermore, untapped market potential and scope for agriculture automation, increased use of electrification technology in agricultural robots, and use of real-time multimodal robot systems in fields have created several opportunities for manufacturers of driverless tractors, milking systems, and drones.
Farmers can focus more on boosting total output yield by using agricultural robots to automate slow, repetitive, and boring jobs. Unmanned aerial vehicles (UAVs) or drones, milking robots, automated harvesting systems, driverless tractors, and other robots employed in nurseries or greenhouses, sorting and packing robots, and weed control robots are all examples of agricultural robots. Agricultural robotics are now dominated by milking robots and drones. Driverless tractors, on the other hand, are likely to overtake drones and milking robots over the next three to four years, thanks to their rapid commercialization.
According to the World Health Organization (WHO), the global population is currently growing at a faster rate. By 2050, it is expected that the world's population would have grown to 9.7 billion people. As a result, there will be a considerable increase in the demand for food. Work on agricultural farms may be done faster with the help of robots, and cultivated food can be obtained in a shorter period of time. Many farmers are turning to vertical farming since it uses less water and reduces the amount of area used for agriculture. The high cost of agricultural robots, combined with a lack of understanding of new technology, are seen as major roadblocks to the rise of agricultural robots. The expense of robotics is seen as one of the most significant impediments to market expansion. These robots are so pricey that they are out of reach for most middle- and low-income farmers. Aside from cost, a lack of understanding of how these robots work will be a key impediment to commercial growth.
Despite a minor growth dip owing to Covid-19 implications, The global agricultural robots market size is expected to grow 11.9 billion by 2028, at a CAGR of 19.3%.
As a result, the global agricultural robots market has seen a lot of growth in the indoor farming process to control yields and other farming activities more effectively. Automation technology has had a significant impact on a variety of industries by simplifying industrial processes and removing the need for human intervention. The adoption of agricultural robots is projected to benefit the agriculture business. Continuous and unpredictable climate variations are a huge burden for farmers, so the development of agricultural robots is a godsend to the business. The economic damage is growing, and the world's top economies are on the verge of entering a worldwide recession. The global COVID-19 pandemic has had an impact on the agricultural robotics sector. In comparison to 2019, the market has fall by around 10.0% in 2020. Some types of robots have seen a decrease in demand across a variety of applications, according to market participants. The agriculture industry is under strain due to rising global population and the need to increase output from current farmland. The agriculture industry is now being impacted by issues such as changing demographics and urbanisation. Migrant labourers are largely used in the agriculture industry in the United States, the United Kingdom, and other nations.
The major players of the global Agricultural Robots market are Deere & Company, DJI, CNH Industrial NV, AGCO Corporation, DeLaval, Trimble Inc, BouMatic Robotics, Lely, AgJunction, AgEagle Aerial Systems, YANMAR Co., Deepfield Robotics, ecoRobotix, Harvest Automation, Naïo Technologies, ROBOTICS PLUS, KUBOTA Corporation, HARVEST CROO, Autonomous Tractor Corporation, Clearpath Robotics, and DroneDeploy.
The Agricultural Robots market is a rapidly progressing industry and is characterized to have industrial frontliners as well as aspiring new players aiming to penetrate into the aggressive competitive landscape across global and local markets. Additionally, various new and aspiring players are improving their product lines and upgrading technological capabilities to improve revenue streams amidst Covid-19 impact.
Latest Innovations in the Global Agricultural Robots Market: a Snapshot
- In August 2021, John Deere has acquired Bear Flag Robotics to accelerate autonomous technology on the farm.
- In November 2020, DJI introduced a latest AGRAS T20 Drone which makes agricultural spraying easier, smarter and safer.
Agricultural Robots Market Scope
|Forecast Unit||Value (USD)|
|Growth Rate||CAGR of 19.3% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||
Deere & Company, DJI, CNH Industrial NV, AGCO Corporation, DeLaval, Trimble Inc, BouMatic Robotics, Lely, AgJunction, AgEagle Aerial Systems, YANMAR Co., Deepfield Robotics, ecoRobotix, Harvest Automation, Naïo Technologies, ROBOTICS PLUS, KUBOTA Corporation, HARVEST CROO, Autonomous Tractor Corporation, Clearpath Robotics, and DroneDeploy.
Key Segments of the Global Agricultural Robots Market
Type Overview, 2018-2028 (USD Billion)
- Driverless Tractors
- Milking Robots
- Automated Harvest Robots
Application Overview, 2018-2028 (USD Billion)
- Irrigation Management
- Dairy Management
- Harvest Management
- Inventory Management
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa