$24 Billion Agricultural Robots Market by Type, Applications, Component, Farming Type, and End Use - Global Opportunity Analysis and Industry Forecast, 2022 - 2030
Dublin, May 05, 2023 (GLOBE NEWSWIRE) -- The "Agricultural Robots Market by Type, by Applications, by Component, by Farming Type, and by End Use - Global Opportunity Analysis and Industry Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
Agriculture Robots Market size was valued at USD 7.07 billion in 2022, and is predicted to reach USD 24 billion by 2030 with a CAGR of 15.4% during the forecast period, 2023 to 2030.
Demand for agriculture robots has increased across the globe, owing to the increasing penetration of indoor farming as it provides the farmer full control over the environmental aspects, such as exposure to light, nutrition and moisture level, for growing crops.
Agriculture robots can assist with various tasks in indoor farming, including planting, watering, fertilizing, monitoring, and harvesting crops. Agribots use various sensors to detect ripeness, moisture, and nutrition levels of plants or crops. Moreover, farmers can feed input data into their phones and monitor the farm from anywhere and at any time.
However, incapacity to match human dexterity which means the ability to match mental skill or cleverness that hamper the market growth.
On the contrary, rising inclination towards precision farming as agribots can provide farmers with real-time data on crop health, soil quality, and weather conditions, allowing for precise and targeted application of fertilizers, pesticides, and irrigation is expected to create ample opportunities for key players operating in the agriculture market during the coming decade
North America is dominating major market share in agriculture robots industry
North America plays a crucial role in the agricultural robotics market due to the widespread adoption of automation across industries such as e-commerce, pharmaceuticals, food & beverage, automotive, and agriculture. Farmers in the region are increasingly turning to robotic solutions for farming and dairy operations, driven by a shortage of skilled labor and the need to boost crop production.
Additionally, the use of robotic sensors in vertical farming is also growing in popularity, as it provides precise data about crop conditions and can be used to automate many farming processes. The rising demand for aerial drones and driverless tractors is expected to drive the adoption of agricultural robots. This will fuel the market growth.
Moreover, the widespread use of robotics technology in agriculture by American farmers has led to an influx of new products from the U.S. companies, fueling the growth of the agribots industry.
For instance, in February 2022, Verdant Robotics launched a multi-functional agricultural robot aimed at elevating specialty crop farming to a superhuman level. Verdant has broadened its robot-as-a-service (RaaS) offering to make it more accessible to specialty crop farmers, leading to improved results such as increased crop production, higher yields, and cost savings.
CNH Industrial unveils latest Ag tech & smart farming by leveraging great iron to develop and deploy technology that simplifies and enhances operations, provides insightful data, and utilizing alternative power solutions for sustainably advance farming.
AGCO partnered with Apex.AI for robotic planting, adding new capabilities to its autonomous farming robot, the Fendt Xaver concept vehicle by incorporating the easy-to-use Apex.OS software development kit.
Deere & Company formed joint venture with GUSS Automation, LLC, in Kingsburg, California. Multiple GUSS sprayers can be remotely supervised by a single operator, allowing growers to spray orchards and vineyards more quickly and consistently, using fewer resources and reducing costs by eliminating operator error and downtime.
Trimble launched a virtual farm platform for precision agriculture, allowing farmers worldwide to identify common operational challenges and find corresponding solutions. The interactive platform directs users to Trimble's connected solutions and offers assistance from a Trimble Ag representative.
Naio Technologies introduced the Orio, a new light electric and autonomous agriculture robot. This cutting-edge technology combines advanced robotics and artificial intelligence, providing farmers with a sustainable, serviceable, and intelligent solution to their agricultural needs.
Key Market Players
Deere & Company
Yanmar Holdings Co. Ltd.
SZ DJI Technology Co. Ltd.
Harvest Automation Inc
Autonomous Solution Inc
Ageagle Aerial System
Key Topics Covered:
2. Agriculture Robots Market - Executive Summary
2.1. Market Snapshot, 2023 - 2030, Million Usd
3. Market Overview
3.1. Market Definition and Scope
3.2. Market Dynamics
126.96.36.199 Shortage of Labor
188.8.131.52 Rising Penetration of Indoor Farming
184.108.40.206 Reducing Production Cost
220.127.116.11 Enhancing Crop Yields
18.104.22.168 Lack of Technological Awareness Among Farmers
22.214.171.124 Inability to Match the Dexterity of Human
126.96.36.199 Increasing Development of Real Time Field Robots
4. Market Share Analysis
4.1. Market Share Analysis of Top Agriculture Robots Providers, 2022
5. Global Agriculture Robots Market, by Type
5.2. Driverless Tractors
5.3. Unmanned Aerial Vehicles (Uavs)
5.4. Milking Robots
5.5. Automated Harvest Robots
6. Global Agriculture Robots Market, by Offering
7. Global Agriculture Robots Market, by Farming Type
7.2. Indoor Farming
7.3. Outdoor Farming
8. Global Agriculture Robots Market, by Application
8.2. Dairy Management
8.3. Irrigation Management
8.4. Harvest Management
8.5. Soil Management
8.6. Inventory Management
9. Global Agriculture Robots Market, by End Use
9.2. Field Crops
9.3. Fruits & Vegetables
For more information about this report visit https://www.researchandmarkets.com/r/61y5zx
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