Agricultural Robots Market Structure, Opportunity and Forecast 2022-2027

According to IMARC Group's latest report, titled "Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global market reached a value of US$ 6.3 Billion in 2021. Agricultural robots, alternatively known as agribots, refer to autonomous machines exclusively customized for improving the efficiency and quality of farming yield. They can be segmented into numerous types, including Unmanned Aerial Vehicles (UAVs) or drones, driverless tractors, milking robots, automated harvesting systems, etc. Agricultural robots are usually equipped with specialized arms designed for performing an extensive range of horticultural activities, such as seeding, planting, weed control, field mapping, irrigation, etc. They prove advantageous in milking and washing livestock in the dairy farming segment and reduce the reliance on manual labor. Consequently, agricultural robots find widespread applications across various sectors, including field farming, soil management, crop management, etc.

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The growing preference among farmers towards using modern tools and equipment for farming activities, on account of the escalating labor shortages and the inflating labor costs, is primarily driving the agricultural robots market. Besides this, the rising need for higher crop productivity to effectively meet the requirements of the expanding population is acting as another significant growth-inducing factor. Furthermore, the launch of several policies by the government bodies aimed at popularizing advanced automated technologies to replace labor-intensive tasks, such as (Ground Robot for vineyArd Monitoring and ProtEction) and MARS (Mobile Agricultural Robot Swarms) by the European Union, is also positively influencing the market growth. Apart from this, the increasing investments in the research and development (R&D) activities undertaken by key players are anticipated to stimulate the agricultural robots market in the coming years. Looking forward, IMARC Group expects the market to reach US$ 17.8 Billion by 2027, exhibiting at a CAGR of 18.6% during 2022-2027.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

Deere & Company
Trimble Inc.
Agco Corporation
Lely Holding S.À.R.L
AG Eagle LLC
Agribotix LLC
Agrobot
Harvest Automation
Naio Technologies
Precision Hawk
IBM
Agjunction, Inc.
DJI
Boumatic Robotics
V.
AG Leader Technology
Topcon Positioning Systems, Inc.
Autocopter Corp
Auroras S.R.L.
Grownetics Inc.
Autonomous Tractor Corporation.

Market Segmentation:

Breakup by Product Type:

Unmanned Aerial Vehicles (UAVs)/Drones
Milking Robots
Automated Harvesting Systems
Driverless Tractors
Others

Breakup by Application:

Field Farming
Dairy Farm Management
Animal Management
Soil Management
Crop Management
Others

Breakup by Offering:

Hardware
Software
Services

Regional Insights:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Key highlights of the report:                                                    

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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