The global agricultural robotics market size reached USD 4.81 Billion in 2021 and is expected to register a revenue CAGR of 19.3% during the forecast period. Rising demand for modernized farming processes and expanding population and increasing labor shortage are encouraging automation and are some of the key factors driving market revenue growth. Rising awareness among farmers regarding the advantages of agricultural robots for sustainable farming is expected to boost adoption of AR during the forecast period. In fields, robotic cameras and sensors are used for identifying pests, detecting weeds, parasites or diseases, and others. Artificial Intelligence (AI) sensor can spot and target weeds, and after that, it determines suitable herbicides. Sensors are usually selective, meaning they only spray herbicides on the affected region. This leads to reduced usage of herbicides and results in less harmful impact on the environment. Small robots are able to spray bio-pesticides on targeted parts and are effective in removing weeds without harming other useful insects such as bees. Furthermore, soil and water sources remain unpolluted. Rapid development in agricultural robotics is driving revenue growth of the market.
However, high cost of installation for agricultural robots is hindering their adoption. Initial stage of robot installation is capital-intensive. Many high-cost robots do not always provide sufficient Return on Investment (RoI). This is one barrier for small farms and therefore, these farms are lagging. The Agricultural Robotics Market market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2022 to 2030. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Agricultural Robotics Market industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.
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The subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Agricultural Robotics Market market analysis provides everything a business owner needs in order to succeed.
Major Players/Manufacturers profiled in the report are:
Deere & Company, Trimble Inc, Agco Corporation, Lely Industries N.V., AgEagle Aerial Systems Inc., Agribotix LLC, AGROBOT, Harvest Automation, Naio Technologies, and IBM Corporation.
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For better understanding, the report further divides the market into key segments such as product types and application spectrum. The report also offers estimates about the segment and sub-segment expected to grow at a rapid pace and the key factors expected to drive revenue growth of the segments during the forecast timeline of 2022-2030.
Emergen Research has segmented the global agricultural robotics market on the basis of type, farming environment, farm produce, application, and region:
· Type Outlook (Revenue, USD Billion; 2019–2030)
· Farming Environment Outlook (Revenue, USD Billion; 2019–2030)
· Farm Produce Outlook (Revenue, USD Billion; 2019–2030)
· Application Outlook (Revenue, USD Billion; 2019–2030)
Regional Segmentation;
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)
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The report offers insightful information about the market dynamics of the Agricultural Robotics Market market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Agricultural Robotics Market market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Agricultural Robotics Market market.
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