Agricultural Robots Market to reach USD 8.68 Billion by 2028, Technological Advancements and Growth Opportunities

Market Overview:
Global Agricultural Robots Market was valued at USD 2.30 Billion in 2021 and is expected to reach USD 8.68 Billion by the year 2028, at a CAGR of 20.9%.

In the agricultural industry, agricultural robots, also known as agribots or agbots, serve as sources of artificial intelligence. They support ranchers in upgrading efficiency and declining the reliance on manual field assignments. The agricultural sector is rapidly evolving into an exciting high-tech sector that is attracting new professionals, organizations, and investors. In addition to improving farmers' production capabilities, the technology is rapidly evolving into robotics and automation as we know it. The need for rapidly increasing production yields lies at the heart of this phenomenon.

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Market Dynamics:
Driver:
Over the globe, a huge decay of the labor force is seen inferable from many reasons, similar to the inadequately talented work, maturing of ranchers, and youthful ranchers finding cultivating an ugly calling, subsequently inspiring the pattern for mechanized cultivating tasks. According to the International Labor Organization (ILO), the share of agricultural labor in emerging economies' workforces decreased from 81% to 48.2%. Additionally, emerging nations are not alone in experiencing such a significant decline.

Opportunities:
Allowing Technologies for Future Robotic Agriculture Systems
The application of agricultural robotics in the real world will be made possible by a wide range of technologies. While some technologies, such as autonomous vehicles, artificial intelligence, and machine vision, that have been developed for other purposes may be adapted to the agricultural sector, others will need to be developed specifically for agriculture. In addition, multi-robot systems, human-robot systems, and other enabling technologies' current status, lucrative opportunities, and significance are discussed.

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Market Segmentation
Segmentation Analysis of Agricultural Robots Market:
Based on the offering, the hardware segment is expected to dominate the Agricultural Robots market over the forecast period. The hardware segment components such as automation & control systems, sensing & monitoring devices. The automation and control system includes smart cameras, a Global Positioning System (GPS), flow and application control devices, and sensing and monitoring devices including soil, climate, and water sensors and yield monitors. The growing incorporation of cost-effective IoT-based technologies and sensors in the agriculture industry to improve crop productivity and quality is anticipated to drive the segment demand. Furthermore, GPS-enabled devices such as driverless tractors and agricultural drones may be functionated autonomously which has resulted in the growing incorporation of the segment and helps to growth of the Agricultural Robots market during the forecast period.

Based on the type, the unmanned aerial vehicles (UAVs)/ Drones segment is expected to dominate the Agricultural Robots market share during the projected period, owing to its cost-effective feature and its capacity to be easily utilized in farms of different sizes. In addition, owing to the cheap price of UAVs and drones, the farmers are increasingly acquiring drones to monitor their crops, analyze the field data information, and livestock management. The extensive utilization of UAVs or drones is driven by the stimulated adoption by farmers and commercial growers, which is one of the major drivers improving the demand of the segment.
• Automated Harvesting Systems
• Milking Robots
• Unmanned Aerial Vehicles (UAVS)/Drones
• Driverless Tractors

Based on the farm produce, the field crops segment is anticipated to register the maximum Agricultural Robots market share during the forecast period. Various robots, including drones, spraying robots, driverless tractors, and UAVs, are utilized for field crop production. Major significance such as longer operation periods compared with humans and reduced operational expenses have motivated farmers to replace semi-autonomous tractors with fully autonomous tractors. Furthermore, most of the crop monitoring and analyzing utilization is based on crops such as corn and sugarcane, which is indirectly enhancing the demand of the segment.
• Fruits & Vegetables
• Dairy & Livestock
• Field Crops
• Others

Based on the farming environment, the outdoor segment is expected to record the highest market share owing to the accelerated adoption of UAVs, drones, and autonomous tractors equipped with GPS for outdoor farming. Furthermore, the growing number of outdoor farms as compared to indoor farms is further expanding the growth of the segment.

Based on the application, the dairy and livestock management segment is expected to register the highest market over the forecast period. Growing demand for milk & milk products and rising consciousness about hygiene in the dairy industry and livestock management leads to the growth of the application for robots in the sector. Automatic milking systems (AMS) or milking robots are one of the most successful and important applications of robotics in the dairy industry. Robotic milking is a voluntary milking system, which enables the cow to set its milking schedule.
• Harvest Management
• Field Farming
• Dairy & Livestock Management
• Weather Tracking & Monitoring
• Others

Regional Analysis of Agricultural Robots Market:
North America region is expected to dominate the market during the forecast period. Growing labor scarcity and high labor costs in the region have led to the adoption of robots and automation to make sure better productivity & maintain quality standards. North America, the US, Canada, and Mexico have set guidelines consigned by their respective aviation authorities for the application of drones in commercial applications, for instance, agriculture. The US is also targeting heavily fruit and vegetable harvesting robots and is anticipated to be one of the first economies to acquire such robots. North America is also one of the largest markets for auto-steering tractors, making it a profitable market for driverless tractors. The players in this region are extensively investing in R&D activities to develop cost-efficient and highly productive robots. Such factors resulted in the growth of the agricultural robots market in the North American region.

The Asia Pacific is expected to witness profitable growth in the global agriculture robots market due to the growing government support and rising technological developments in the agricultural field in this region. As per the International Journal of Federation (IFR), Japan's "New Robot Strategy" is a significant component of Prime Minister Shinz Abe's "Abenomics" growth policies. Japan's robots R&D budget has been raised to $351 million for 2019, to make it the world's leading robots innovation center. For example, As per the Journal of International Federation of Robots (IFR), The IFR's "World Robots" yearbook found a new record stock of 300,000 operational industrial robots, a 10% rise, in Korea in 2018. In five years, the nation has doubled its number of industrial robots in operation, earning it the rank of third place in 2018, behind Japan and China.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Agricultural Robots Market are:
• Harvest Automation (US)
• Agribotix LLC (US)
• Blue River Technology (US)
• Autonomous Tractor Corporation (US)
• Harvest Automation (US)
• Lely Holding S.A.R.L. (Netherlands)
• Fullwood Packo (UK)
• Naio Technologies (France)
• Precisionhawk Inc. (US)
• AGROBOT Soluciones Roboticas Agricolas (Spain)
• Deere & Company (US)
• DJI (China)
• CNH Industrial NV (UK)
• AGCO Corporation (US)
• DeLaval (Sweden)
• ROBOTICS PLUS (New Zealand)
• Trimble Inc. (US)
• BouMatic Robotics (The Netherlands)
• Lely (The Netherlands)
• AgJunction (US)
• AgEagle Aerial Systems (US)
• YANMAR Co. (Japan)
• Deepfield Robotics (Germany)
• ecoRobotix (Switzerland)
• Naïo Technologies (France)
• KUBOTA Corporation (Japan)
• HARVEST CROO (US)
• Clearpath Robotics (Canada)
• DroneDeploy (US)
• Agrobot (Spain)
• FFRobotics (Israel)
• Monarch Tractor (US)
• Carbon Robotics (US) and others major players.

Key Industry Developments In Agricultural Robots Market
1. On April 13, 2021, Carbon Robotics, an autonomous robotics company, has announced that the launch of its third-generation autonomous weed elimination robots. The Autonomous Weeder leverages robotics, artificial intelligence (AI), and laser technology to safely and efficiently drive through crop fields to identify, target, and remove weeds.

2. In July 2021, AGCO Corporation introduced the pilot of its Precision Ag Line (PAL) program, a tool developed to streamline support services for farming customers using AGCO solutions with mixed-fleet operations. PAL makes precision farming expertise available to farmers utilizing products from widely-used AGCO brands such as Challenger, Fendt, Gleaner, Massey Ferguson, and Precision Planting.

3. In August 2021, John Deere purchased Bear Flag Robotics for USD 250 million. Bear Flag Robotics was founded in 2017 and specialized in autonomous farming heavy machinery.

Frequently Asked Questions:
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