The agricultural robots refer to Agbots and the continuous technological advancement equipment, machines and applications in across the globe for enhancing the productivity of the farms act as the major factors driving the agricultural robot market
The agricultural robot market is expected to witness market growth at a rate of approximately 33.20% in the forecast period of 2021 to 2028 and is expected to reach USD 15.98 billion by 2028. Data Bridge Market Research report on agricultural robot market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in acceptance rate of modern technologies in cultivators globally is escalating the growth of agricultural robot market.
The agricultural robots refer to Agbots and the continuous technological advancement equipment, machines and applications in across the globe for enhancing the productivity of the farms act as the major factors driving the agricultural robot market. The deployment of these agricultural robots for several functions based on the configuration of the robots including fruits picking robots, weed control, cloud seeding, harvesting, environmental monitoring and soil analysis and the utilization of Agbots is being done with the purpose of reducing the human efforts.
The rise in the utilization of precision agriculture by farmers across the globe for the purpose for collecting and processing data which assists in making better decisions on fertilizing, harvesting crops and planting and the increase in demand for the technique to enhance crop yields and profits in order to cater the food and water crises act as the major factors driving the agricultural robot market. The rise in the requirement for monitoring crop health with the purpose of yield production, the increase in government support to make cultivators to adopt modern agricultural techniques and trend of maximizing agricultural resources in a sustainable manner accelerate the agricultural robot market growth. The high utilization of IoT in various industries such as transportation, manufacturing, agriculture and others and the dependency of agriculture industry on the technology, engineering, and physical and biological sciences using IoT in research projects influence the agricultural robot market. The rising labor wages and untrained labor encouraging automation among farmers, the impact of COVID-19 accelerating the use of robots in the agricultural sector and maturing IoT and navigation technologies also boost the agricultural robot market. Additionally, growth population, high food demand and increasing age of farmers positively affect the agricultural robot market. Furthermore, utilization of real-time multimodal robot systems and the rise in the usage of electrification technology in agricultural robots extend profitable opportunities to the agricultural robot market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the automation for small farms, technological barriers and the issues with deployment of the robots commercially are the factors expected to obstruct the agricultural robot market growth. The rise in concerns regarding data privacy and regulations, complexity of fully autonomous robots and short-term negative impact of COVID-19 on the agricultural robot manufacturers are projected to challenge the agricultural robot market in the forecast period of 2021-2028.
This agricultural robot market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on agricultural robot market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Agricultural Robot Market Scope and Market Size
The agricultural robot market is segmented on the basis of type, farm produce, offering, farming environment and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the agricultural robot market is segmented into unmanned aerial vehicles, milking robots, driverless tractors, automated harvesting systems and other robots.
On the basis of farm produce, the agricultural robot market is segmented into fruits and vegetables, field crops, livestock and others.
On the basis of offering, the agricultural robot market is segmented into hardware, software and services.
On the basis of farming environment, the agricultural robot market is segmented into indoor farming and outdoor farming.
On the basis of application, the agricultural robot market is segmented into harvest management, field farming, dairy and livestock management, soil management, irrigation management, pruning management, weather tracking and monitoring, inventory management and others.
Global Agricultural Robot Market Country Level Analysis
The agricultural robot market is analyzed and market size, volume information is provided by the country, type, farm produce, offering, farming environment and application as referenced above.
The countries covered in the global agricultural robot market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the agricultural robot market due to the high adaptability of the consumers for the new technology, favorable policy that encourages commercial use of drones and increasing utilization of farm mechanization in the agriculture industry in the region. Europe is expected to witness the fastest CAGR during the forecast period of 2021 to 2028 because of the rise in government support for the adoption of modern agriculture techniques, favorable regulations regarding environment, animal health, environmental condition and good agricultural and increasing venture capitals and the rising industrialization in the region.
The country section of the agricultural robot market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Agricultural Robot Market Share Analysis
The agricultural robot market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to agricultural robot market.
The major players covered in the agricultural robot market report are Deere & Company, Trimble Inc., AGCO Corporation, DeLaval, DJI All Rights Reserved, BouMatic, Lely, AgJunction, Topcon, AgEagle Aerial Systems Inc., YANMAR HOLDINGS Co., Ltd., farming revolution GmbH, ecoRobotix Ltd, Harvest Automation, Naïo Technologies, ROBOTICS PLUS, CNH Industrial, KUBOTA Corporation, HARVEST CROO, Autonomous Tractor Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.