Agricultural Robots Market worth $ 5.2 Billion in 2021 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Agricultural Robots Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global agricultural robots market size is anticipated to witness exponential growth during the forecast period i.e. 2021-2030. The rapid adoption of agricultural robots due to the ever-increasing population worldwide, the increasing labor shortage and the rising wages; the growing need for producing food products effectively and ensuring high sustainability; the surging need for farmers to raise production and improve farm efficiency; the proliferating concerns pertaining to climate changes; and the increasing number of agricultural initiatives by governments are among the major factors contributing to the growth of the global agricultural robots market.

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According to type, the milking robots and UAV/drones segments jointly accounted for the largest share of the global agricultural robots market in 2020. However, the driverless tractors segment is projected to overtake their position and lead the global agricultural robots market during the forecast period of 2021-2030. According to application, the field farming segment is anticipated to register the highest CAGR in the market during the forecast period. According to farm produce, the field crops segment led the global agricultural robots market in 2020. The segment is predicted maintain its position further and also witness the highest growth in the market during the forecast period.

Geographically, the North American region dominated the global agricultural robots market in 2020. The region’s position is very unlikely to change during the forecast period of 2021-2030. Countries such as US, Canada, and Mexico are among the key contributors to the growth of the market in the region. The Asia Pacific region is slated to grow at the highest growth rate in the global agricultural robots market during the forecast period. Countries such as India, China, Japan, Vietnam, Thailand, and South Korea are among the key contributors to the growth of the market in the region.

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Some of the major agricultural robots companies profiled in the report include AgEagle Aerial Systems, Harvest Automation, Naïo Technologies, Deere & Company, Autonomous Tractor Corporation, Clearpath Robotics, DroneDeploy, DJI, CNH Industrial NV, and AGCO Corporation.

The global agricultural robots market is segmented into type, farm produce, farming environment, application, and region. Based on type, the market is bifurcated into milking robots, UAVs/drones, automated harvesting systems, driverless tractors, and others. Based on farm produce, it is classified into fruits & vegetables, field crops, dairy & livestock, and others. Based on farming environment, it is classified into indoor and outdoor. Based on application, it is classified into harvest management, field farming, dairy & livestock management, soil & irrigation market, and others.

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The global agricultural robots market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Agricultural Robots Market

• On the basis of type, the milking robots and UAV/drones segments jointly accounted for the largest share of the global agricultural robots market in 2020. However, the driverless tractors segment is projected to overtake their position and lead the global agricultural robots market during the forecast period of 2021-2030.
• On the basis of application, the field farming segment is anticipated to register the highest CAGR in the market during the forecast period.
• On the basis of farm produce, the field crops segment led the global agricultural robots market in 2020. The segment is predicted maintain its position further and also witness the highest growth in the market during the forecast period.
• On the basis of region, North America dominated the global agricultural robots market in 2020. The region’s position is very unlikely to change during the forecast period of 2021-2030.
• On the basis of region, the Asia Pacific region is slated to grow at the highest growth rate in the global agricultural robots market during the forecast period.

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This release was published on openPR.