Agricultural Robots Market Size Analysis, DROT, PEST, Porter’s, Region & Country Forecast Till 2027

Agricultural Robots Market Size Analysis, DROT, PEST, Porter’s, Region & Country Forecast Till 2027

According to the current analysis of Reports and Data, the global agricultural robots market was USD 10.88 Billion in 2019 and is projected to grow at a CAGR of 36.7% from 2019 to 2027.

According to the current analysis of Reports and Data, the global agricultural robots market was USD 10.88 Billion in 2019 and is projected to grow at a CAGR of 36.7% from 2019 to 2027. The burden on global food supply due to rising world population and surge in venture funding for the expansion of agriculture robots are a few of the key factors driving the growth of the agricultural robots market. The most common applications of robots in agriculture include filed mapping, aerial data collection, planting and seeding intercultural operations, fertilizing and irrigation, picking, and harvesting, while others including dairy farming activities like milking, castrating, washing and shepherding. The Food and Agriculture Organization of the United Nations (FAO) projected that the global GDP of the agriculture industry would increase from USD50 trillion in 2005-07 to USD 126 trillion in 2050. This exponential extension of the agriculture industry is the foremost reason for the hurling of the sales of agricultural robots globally.

The Asia Pacific region is anticipated to be the fastest-growing market during the forecast period, with a CAGR of 26.8%. The mounting trend of implementation of uncrewed aerial vehicles for higher productivity and increasing awareness of accurate agriculture for field mapping and crop scouting is predictable to foster the agricultural industry growth in this region. APAC agricultural robots market will benefit from growing adoption and technological developments. Manufacturers are financing in the area to develop low cost and effective drones for frequent applications in agricultural robots.

The American Association for the Advancement of Science (AAAS), reported that the crop yield of maize, wheat, and rice losses in northern climates are projected to twofold due to rising climatic conditions in which the insects bloom. Likewise, mainly Asian countries are suffering from cumbersome crop losses accredited to insects. While this is thriving the pesticide market and insecticides market, it is also benefiting the agricultural robots market because robots are now profusely utilized for spraying pesticides and insecticides throughout the agriculture field. This decreases the overall spraying time and struggle. Furthermore, they also ensure an even distribution of insecticides in the agriculture field so that all portions of the field are protected from the unwanted plant.

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Further key findings from the report suggest

  • By type, the milking robot segment of agricultural robots is projected to grow at the fastest CAGR of about 20.2% during the analysis periods. The momentous rise in herd sizes and the launching of innovative and advanced automation technologies are also urging the demand for milking robots systems in the industry. The technology facilitates the automation of varied dairy functions such as milking operations, herd management, and dairy farm management. It also enables milk production, owing to increased efficiency and frequency of the process.
  • The hardware segment of agricultural robots is expected to dominate the agricultural robots market from 2019 to 2027. Snowballing affordability of auto-steering systems and refining GPS accuracy have aided tractors and other agricultural ground vehicles to operate autonomously.
  • By offerings, the services segment of agricultural robots is anticipated to grow at a CAGR of 19.4% during the analysis period. The steep costs of agricultural equipment such as fruit reapers, driverless tractors, and pick over robots have encouraged companies to adopt new models of robots to empower farmers to field test the diverse robotic equipment to decide whether they satisfy their requirements.
  • Major vendors in the global agricultural robots products market are Deere Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), DJI (China), Boumatic (Netherlands), Lely (Netherlands), DeLaval (Sweden), Topcon (US), and AgEagle Aerial Systems (US). In April 2019, Trimble launched Farmer Core software that unites machine-generated data to interpret streamline and set up operations for multiple farming activities. It is an entry-level software subscription, which is convenient for farmers. In May 2019, AgJunction announced a collaboration with Swift Navigation (US) to develop low-cost, autonomous tractors for agricultural applications to provide affordable solutions to farmers worldwide. In January 2017 – Naio Technologies launched two new robots named Bob and Ted, which are designed to tackle weeds in grape yards.

The Global Agricultural Robots Market is segmented as follows:

By Offerings (Revenue, USD Million; 2019-2027)

  • Hardware (Automation Control Systems and Sensing Monitoring Devices)
  • Software (Local/Web-based and Cloud-based)
  • Services (System Integration Consulting Services, Managed Services, Connectivity Services, Assisted Professional Services, and Maintenance Support Services)

By Type (Revenue, USD Million; 2019-2027)

  • Unmanned Aerial Vehicles (UAVs) (Fixed Wing, Rotary Blade, and Hybrid)
  • Milking Robots
  • Driverless Tractors
  • Automated Harvesting Systems
  • Other Robots (Robots for Nurseries, Sorting and Packing, and Weed Control)

By Farming (Revenue, USD Million; 2019-2027)

  • Indoor farming
  • Outdoor farming

By Farm (Revenue, USD Million; 2019-2027)

  • Fruits and Vegetables
  • Field Crops
  • Livestock
  • Others (Flowers and Aquaculture)

By Application (Revenue, USD Million; 2019-2027)

  • Harvest Management
  • Field Farming (Crop Monitoring, Plant Counting, and Crop Scouting)
  • Dairy Livestock Management (Dairy Farm Management, Livestock Monitoring, and Precision Fish Farming)
  • Autonomous mowing, pruning, seeding, spraying and thinning
  • Phenotyping
  • Soil Management (Moisture Monitoring and Nutrient Monitoring)
  • Irrigation Management
  • Weather Tracking Monitoring
  • Sorting and packing
  • Inventory Management
  • Weed Control
  • Others (Financial Management, Farm Labor Management, Demand Forecasting, and Forestry Management)

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Market Segmentation by Regions:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Answered by the Report:

  • Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
  • What is the forecast valuation of the Agricultural Robots market?
  • Who are the leading players in the industry? What are the weaknesses and strengths of these players?
  • What are the strategic business steps and initiatives taken by the key competitors in the industry?
  • What region is expected to dominate the market in the forecast period?

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