Agriculture Robots Market (Application - Agricultural Inventory Management, Weather Tracking and Forecasting, Pruning Management, Spraying, Irrigation Management, Dairy Farm Management, Field Mapping, Harvesting Management, and Soil Management Robots ; Type - Spraying Robots, Automated Harvesting Systems, Milking Robots, Drones/ Unmanned Aerial Vehicles (UAVs),and Driverless Tractors) Future Trends 2024

The global agriculture market is anticipated to be intensified in the years to come owing to the entry of new vendors in the market with highly advanced data technological solutions for automate machines. The competitive landscape of the market of agriculture robots is widely diverse. The market is also distinguished by the geographical dominance of leading players. Population growth and rising demand for food is also generating the need to enhance agricultural productivity. The agricultural lands have remained stagnant and so did the productivity, hence in order to maintain a constant food supply for the booming population, agriculture robot market is expected to go high in demand in the years to come.

In 2016, the global market for agriculture robots was worth US$1.01 bn and is projected to reach a value of US$5.7 bn by the end of 2024. The market is likely to exhibit a strong 24.10% CAGR between 2016 and 2024. With the presence of several leading players, the North America market for agriculture robots is anticipated to hold a major share of the market throughout the forecast period. In addition to this, the North America agriculture robots market is predicted to register a strong growth rate in the near future.

Rising Preference of Farmers for Technologically Advanced Equipment to Support Growth

The rise in the adoption of new technologies in the field of farming in order to enhance the production and profitability capabilities is considered as the major factor estimated to enhance the development of the global agriculture robots market in the next few years. The rising investment and support from government organization for the adoption of modern agriculture equipment is another aspect that is likely to accelerate the growth of the global market in the next few years. In addition to this, the rising demand for food, owing to the rising population around the world is estimated to support the market growth in the near future.

Some of the key players in the global agriculture robots market are Clearpath Robotics, Naio Technologies, PrecisionHawk, Inc., Harvest Automation, Inc., and SenseFly SA.

There is an accelerated pressure for automation for routine farm tasking in order to make them more productive. This may also curtail investment in order to buy machines that are expensive, thus acting as an important factor to drive the market for agriculture robots. Robots are available for various kinds of productivity work like that of cow-milking, strawberry picking, grapevine pruning along with other specialized tasks.

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