Global Agricultural Robots Market Report and Forecast 2024-2032

Global Agricultural Robots Market Outlook

The global agricultural robots market size attained a value of about USD 7.21 billion in 2023. The industry is further expected to grow at a CAGR of about 16.7% in the forecast period of 2024-2032 to reach a value of about USD 28.96 billion by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Milking robots are the leading product type, whereas the application sector is being dominated by crop management, accounting for the largest market share.

North America is the leading region in the agricultural robots market. The change in the regulatory policy of the Federal Aviation Administration, which promotes the commercial use of drones, has led to the growing market in the region. Enhancing drone imagery further increases the organisation's crop production as well as income. The agriculture sector requires technological infusion in order to increase food production.

Farm mechanisation has significantly improved the agricultural sector's productivity in the developed nations. Improved policy funding is expected to boost consumer demand by implementing modern agriculture techniques. For example, the FAS, which is the Farm Advisory System, helps farmers comprehend better European Union regulations for the climate, animal health, good agricultural, and environmental conditions. The European Union has simplified drone operations standards and regulations, which should boost the industry growth in the region. Growing venture capitals, as well as the booming industrialisation of the farming sector, are likely to have a positive effect on the market demand.

Market Segmentation

Agriculture robots are independent machines used to increase output and yield performance, reduce manual work dependency, and enhance overall productivity. Agricultural robots are generally fitted with end effectors or specialist weapons for a broad range of horticultural tasks, including weed control, seeding and plants, aerial data collection, mapping filed, fertilisation and irrigation, cross-cultural operations, processing, soil analysis as well as environmental monitoring. Besides that, these robots are also used in the dairy farming sector to wash and milk livestock.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on the product type, the industry can be divided into:

• Unmanned Aerial Vehicles (UAVs)/Drones
• Milking Robots
• Driverless Tractors
• Others

It finds wide application in the following:

• Field Farming
• Dairy Farm Management
• Animal Management
• Soil Management
• Crop Management
• Others

On the basis of offering, the industry can be divided into:

• Hardware
• Software
• Services

The regional agricultural robots markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis

With the increasing population, the global food demand is increasing at a rapid rate. As a consequence, farmers are switching to modern instruments and equipment, like agriculture robots, to improve their overall productivity and to produce more revenue. In addition, governments across the world are providing incentives and programs to raise farmers' awareness of advanced technologies. The European Union, for example, has funded projects like GRAPE and MARS that replace labour-intensive activities with advanced automated technologies. Many existing and start-up agricultural companies are investing in the agricultural robots market to implement a revolutionary range of agriculture robots in research and development activities.

Competitive Landscape

The report gives a detailed analysis of the following companies in the global agriculture robots market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Trimble Inc.
• Agco Corporation
• Lely Holding S.À.R.L
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report