Robotic Revolution in Agriculture: Market Opportunities and Challenges
According to this study, the agricultural robot market will register a 20.9% CAGR in terms of revenue; the market size will reach USD 8.68 billion by 2028, from USD 2.30 billion in 2021.
Agricultural robots are specialized technology deployed for agricultural purposes in a wide range of operations. The main area of application of agricultural robots is at the harvesting stage in agriculture. The emerging application of robots is analyzing, weed control, contemplation, cloud seeding, planting seeds, environmental monitoring, harvesting, and carrying out a multitude of functions, and they can be programmed to grow and evolve to match the needs of various tasks. The primary role of agricultural robots is to tackle labor-intensive, repetitive, and physically demanding tasks. Agricultural robots such as Ecorobotix, Energid citrus picking system, and Agrobot E-series, this help to improve overall productivity in various ways for a farmer.
Market Dynamics and Factors
Numerous applications of agriculture robots such as harvesting, picking, weed control, autonomous mowing, pruning, seeding, spraying and thinning, phenotyping, sorting and packing, and utility platforms that are helped to increase the demand for agriculture robots. In addition to this increasing global population that generates the need for higher productivity but there is a shortage of labor that leads to the increasing demand for agricultural robots. Increasing adoption of modern tools and equipment to increase total productivity and generate more revenue, governments around the world offering subsidies to growing awareness about the automated technologies among the farmer, these factors also help to increase the agricultural robot’s market.
Get a Sample Copy of the Report : Agricultural Robots Market Report Highlight
By offering, the Hardware segment is expected to have the maximum market share in the agricultural robot market during the forecast period. The hardware component includes automation, sensing, and monitoring devices. Increasing production of cost-effective IoT-based technologies, driverless tractors, and agricultural drones helps to increase the market for agricultural robots in the forecast period.
By type, unmanned aerial vehicles (UAVs)/drones are expected to dominate the agricultural robots market share during the forecast period. These are the cost-effective unpiloted flying robots; simplified crop spraying for farmers and covering the large land in a very short time that increase the demand for drones/ Uavs which leads to an increase in the market in the forecasted period.
By farm produce, Field crops anticipated high growth in the agricultural robot market during the forecast period. Drones, unmanned aerial vehicles, and driverless tractors are used for the production of field crops. These robots are reducing the operation time and are cost-effective, thus increasing demand for such robots leads to indirectly rising the demand for the segment
By application, the Dairy & livestock management segment is expected to have the maximum market share in the agricultural robot market during the forecast period. Rising demand for milk & milk products and increasing awareness about hygiene in the dairy industry and livestock management leads to the increasing demand for robots in this sector which leads to an increasing market for agricultural robots.
By the farming environment, the Outdoor segment is expected to dominate the agricultural robots market share during the forecast period. Increasing the number of outdoor farms as compared to indoor farms. For outdoor firms increase the adoption of agricultural robots which leads to an increase in the market.
By region, North America is anticipated to grab the maximum market share of the agricultural robot market over the projected period. High shortage of labor, and high labor cost tends to the increasing demand for robots for growing productivity and maintaining the quality standard which propels the growth of the market.
Key Industry Development
In January 2022, Robot-as-a-service (RaaS) model was launched by Verdant Robotics to ensure access for more specialty crop farmers to meet farmers’ demands for more sustainable and profitable growing practices
In July 2021, the pilot of the Precision Ag Line (PAL) program was launched by AGCO Corporation, a tool designed to streamline support services for farming customers who use AGCO solutions in mixed-fleet operations. PAL provides precision farming expertise to farmers through the use of products from well-known AGCO brands such as Challenger, Fendt, Gleaner, Massey Ferguson, and Precision Planting.
Agricultural Robots Market Segmentation
By Offering
Hardware
Software
By Type
Automated Harvesting Systems
Milking Robots
Unmanned Aerial Vehicles (Uavs)/Drones
Driverless Tractors
By Farm Produce
Fruits & Vegetables
Dairy & Livestock
Fie
According to this study, the agricultural robot market will register a 20.9% CAGR in terms of revenue; the market size will reach USD 8.68 billion by 2028, from USD 2.30 billion in 2021.
Agricultural robots are specialized technology deployed for agricultural purposes in a wide range of operations. The main area of application of agricultural robots is at the harvesting stage in agriculture. The emerging application of robots is analyzing, weed control, contemplation, cloud seeding, planting seeds, environmental monitoring, harvesting, and carrying out a multitude of functions, and they can be programmed to grow and evolve to match the needs of various tasks. The primary role of agricultural robots is to tackle labor-intensive, repetitive, and physically demanding tasks. Agricultural robots such as Ecorobotix, Energid citrus picking system, and Agrobot E-series, this help to improve overall productivity in various ways for a farmer.
Market Dynamics and Factors
Numerous applications of agriculture robots such as harvesting, picking, weed control, autonomous mowing, pruning, seeding, spraying and thinning, phenotyping, sorting and packing, and utility platforms that are helped to increase the demand for agriculture robots. In addition to this increasing global population that generates the need for higher productivity but there is a shortage of labor that leads to the increasing demand for agricultural robots. Increasing adoption of modern tools and equipment to increase total productivity and generate more revenue, governments around the world offering subsidies to growing awareness about the automated technologies among the farmer, these factors also help to increase the agricultural robot’s market.
Get a Sample Copy of the Report : Agricultural Robots Market Report Highlight
By offering, the Hardware segment is expected to have the maximum market share in the agricultural robot market during the forecast period. The hardware component includes automation, sensing, and monitoring devices. Increasing production of cost-effective IoT-based technologies, driverless tractors, and agricultural drones helps to increase the market for agricultural robots in the forecast period.
By type, unmanned aerial vehicles (UAVs)/drones are expected to dominate the agricultural robots market share during the forecast period. These are the cost-effective unpiloted flying robots; simplified crop spraying for farmers and covering the large land in a very short time that increase the demand for drones/ Uavs which leads to an increase in the market in the forecasted period.
By farm produce, Field crops anticipated high growth in the agricultural robot market during the forecast period. Drones, unmanned aerial vehicles, and driverless tractors are used for the production of field crops. These robots are reducing the operation time and are cost-effective, thus increasing demand for such robots leads to indirectly rising the demand for the segment
By application, the Dairy & livestock management segment is expected to have the maximum market share in the agricultural robot market during the forecast period. Rising demand for milk & milk products and increasing awareness about hygiene in the dairy industry and livestock management leads to the increasing demand for robots in this sector which leads to an increasing market for agricultural robots.
By the farming environment, the Outdoor segment is expected to dominate the agricultural robots market share during the forecast period. Increasing the number of outdoor farms as compared to indoor farms. For outdoor firms increase the adoption of agricultural robots which leads to an increase in the market.
By region, North America is anticipated to grab the maximum market share of the agricultural robot market over the projected period. High shortage of labor, and high labor cost tends to the increasing demand for robots for growing productivity and maintaining the quality standard which propels the growth of the market.
Key Industry Development
In January 2022, Robot-as-a-service (RaaS) model was launched by Verdant Robotics to ensure access for more specialty crop farmers to meet farmers’ demands for more sustainable and profitable growing practices
In July 2021, the pilot of the Precision Ag Line (PAL) program was launched by AGCO Corporation, a tool designed to streamline support services for farming customers who use AGCO solutions in mixed-fleet operations. PAL provides precision farming expertise to farmers through the use of products from well-known AGCO brands such as Challenger, Fendt, Gleaner, Massey Ferguson, and Precision Planting.
Agricultural Robots Market Segmentation
By Offering
Hardware
Software
By Type
Automated Harvesting Systems
Milking Robots
Unmanned Aerial Vehicles (Uavs)/Drones
Driverless Tractors
By Farm Produce
Fruits & Vegetables
Dairy & Livestock
Fie
11 months ago
