Agricultural Robots Market Revenue Share Analysis, Market Growth Forecast, 2020

According to the current analysis of Reports and Data, the global agricultural robots market was USD 4,578.3 Million in 2020 and is projected to grow at a CAGR of 32.70% from 2020 to 2028. 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.

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The Global Agricultural Robots Market is segmented as follows:

By Offerings (Revenue, USD Million; 2018-2028)

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; 2018-2028)

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; 2018-2028)

Indoor farming
Outdoor farming

By Farm (Revenue, USD Million; 2018-2028)

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

By Application (Revenue, USD Million; 2018-2028)

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)

Regional analysis covers:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In addition to corporate strategy, Agricultural Robots market throws light on different properties to curb the progress of fuel or industry. The focus is more on applicable sales strategies to increase the company’s productivity to achieve higher economic performance. It also covers research and development activities, online and offline activities, the latest product launches, and some of the competitive expansion adopted by major global companies. Research reports use effective graphical presentation techniques such as tables, charts, graphs, diagrams, and info graphics.

Key Highlights of the Agricultural Robots Market Report:

Extensive research of growth patterns, market size and share, top companies, and key segments of the global Agricultural Robots market
Detailed information on market trends, driving factors, restraining factors, product segmentation, and industry chain analysis
Thorough regional analysis and competitive landscape
Key statistical data organized in tables, charts, figures, and other pictorial representation
SWOT analysis and Porter’s Five Forces analysis for each key player

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Table of Content:

Global Agricultural Robots Market Overview
Economic Impact on Industry
Market Competition by Manufacturers
Production, Revenue (Value) by Region
Market Effect Factors Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Supply (Production), Consumption, Export, Import by Regions
Production, Revenue (Value), Price Trend by Type
Global Agricultural Robots Market Forecast
Global Agricultural Robots Market Analysis by Application
Manufacturing Cost Analysis
Marketing Strategy Analysis, Distributors/Traders
Research Finding/ Conclusion
Appendix

Finally, all aspects of the Agricultural Robots market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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