Agriculture Robots Market - By Type (Unnamed Aerial Vehicles, Milking Robots, Driverless Tractors, and Automated Harvesting Systems), By Application (Harvest Management and Field Farming), By Offering (Hardware, Software, and Services), By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Agriculture Robots market accounted USD 4.5 billion in 2020 and is expected to reach 86.72 USD Billion by 2030 with a CAGR of 34.00% during the forecast timeline. The agriculture robots include navigation, mobility, advanced sensing, computing, and interaction technologies which are also known as agribots. Agriculture robotics is advanced robotic technologies which helps farmer robots to perform various farming activities such as cultivation and harvesting of rice, fruits, vegetables, and others. It is also utilized as an autonomous machine for improving the quality and efficiency of yield, increasing the overall productivity, and to minimize reliance on manual labor. Further, the agribots helps to lower costs in farming, functioning without fatigue, reduced damage to the soil, and produce a better quality of yield. Additionally, the robotics in agriculture has helped the farmers in identifying the weeds and hoeing. According to the research study, over 2.5 % of the world population consume weed, in which New York, Karachi, and Delhi come under the top 3 countries worldwide for the higher consumption of weed. Whereas in some countries such as India it is illegal to consume weed, some protocols should be followed for the production of weed. Due to that, the next strategy of agricultural robotics is to develop autonomous robots which could help to locate the weeds in crop rows and take precise action to eliminate them. Hence these factors helping the market to grow positively.

Market Segmentation:

On the basis of type, the global agriculture robots market is segmented into unnamed aerial vehicles, milking robots, driverless tractors, and automated harvesting systems. On the basis of application, the market is classified into harvest management and field farming. On the basis of the offering, the market is segmented into software, hardware, and services. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.  

Market Dynamics and Factors:

The agriculture robots market is driving rapidly with a growing population coupled with rising demand for food globally. The governments are also taking initiative by offering subsidies and propagating awareness about automated technologies amongst the farmers. For instance, the European Union has provided funds to projects such as GRAPE and MARS to replace labor-intensive tasks with advanced automated technologies. Further, AI will have a significant global impact on agricultural productivity at all levels of the value chain. According to CB Insights, an agricultural tech startup has raised over USD800million approximate in the past 5 years. In 2014 many startup companies gained momentum and raised over USD500 million approximate for using robotics and machine learning to solve problems in agriculture. Hence due to these positive factors, farmers are also shifting towards modern tools and equipment, to increase their total productivity. However, the higher cost associated with skilled labor can be anticipated as a restrain for the market. The maturity of existing agricultural technologies and the introduction of new agricultural robotics technologies, which further help the previous technology to become more productive, are expected to act as opportunities for the market in the long term. Irregular mobile and internet connectivity in remote areas, and to guide the farmer about the new agricultural model can be a challenge for the market soon. 

Geographic Analysis:

North America is dominating the region across the world and anticipated to continue its dominance through the review period. The number of farmers opting for automation of agricultural activities is continuously increasing in the Americas with growing immigration and shortage of labor. In 2016, the North American region stood at a valuation of USD 225.5 Million approximate. Followed by North America, Europe is the second biggest contributor to the market. The growth factors attributed to the adoption of advanced robotics in agriculture sectors. Asia-Pacific is anticipated to grow with sustainable growth in the near future.

Competitive Scenario:

The key player of the agricultural robots market are Trimble (US), DeLaval (Sweden), Deere & Company (US), AGCO Corporation (US), AgJunction (US), Trimble (US), DJI (China), Abundant Robotics (US), Lely (Netherlands), Boumatic (Netherlands), Topcon (US), and AgEagle Aerial Systems (US), and Iron Ox (US).

Agriculture Robots Market Report Scope