Precision Agriculture Robot market was valued at US$ 4375.4 million in 2022 and is anticipated to reach US$ 24770 million by 2029, witnessing a CAGR of 33.5% - Valuates Reports

The global Precision Agriculture Robot market was valued at US$ 4375.4 million in 2022 and is anticipated to reach US$ 24770 million by 2029, witnessing a CAGR of 33.5% during the forecast period 2023-2029.

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Precision Agriculture (PA) is a farming management concept based upon observing, measuring and responding to agriculture. It was born in early 1990s for introduction of GPS guidance for tractors. Now it is a dynamic industry that mentioned lots of technologies, such as ecological based principles, plant genetics, technological advances in planting and application equipment and plant and soil sensors, and knowledge to vary management, to improve system efficiency, resilience, and adaptability.
Farmers have always been diligent data collectors, knowing approximately what each acreage yields or how much milk an individual cow produces. But with the complex data collecting devices of today's world, agriculture is in the midst of a high-tech revolution-particularly in the area of precision farming.
Farmers can use the same "big data" tools that are integrated into other industries. Things like drones that communicate with satellites to collect data while soaring over a field. The internet of things era means just about anything in our lives can be linked to a WiFi connection and the same applies for farming. For example, Wifi-enabled moisture sensors can help farmers conserve water by only watering parts of the field that need it most. Cow tags can be linked to GPS or even "Fitbit-like" devices to track their vitals remotely. Most machines can be programmed to use machine-learning; for example, fertilizer application equipment can be trained to "see" a field and only spray plants that need a boost, saving farmers product and money.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Precision Agriculture Robot key players include John Deere, Trimble, AGCO, DeLaval, Lely, etc.
Europe is the largest market, with a share about 37%, followed by United States, with a share over 30%.
In terms of product, Outdoor Farming is the largest segment, with a share over 70%.
And in terms of application, the largest application is Planting, followed by Animal Husbandry.

Segment by Type
Indoor Farming
Outdoor Farming

Segment by Application
Planting
Animal Husbandry

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