Global Agriculture Drones and Robots Market to Hit USD 40 Billion, Globally By 2028 at 22% CAGR | Infinium Global Research

Infinium Global Research, a leading market research firm, has released an insightful report on the Agriculture Drones and Robots Market, providing a thorough examination of segments and sub-segments on both global and regional scales. The report explores the impact of drivers, restraints, and macro indicators, delivering a comprehensive overview of trends, forecasts, and dollar values. The global agriculture drones and robots market is anticipated to register a robust Compound Annual Growth Rate (CAGR) of over 22% throughout the forecast period of 2022-2028.

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Market Overview: A Promising Trajectory of Growth

Valued at approximately USD 13 billion in 2022, the global agriculture drones and robots market is set to soar to over USD 40 billion by 2028. The market's growth is profoundly influenced by the adoption of sustainable farming practices, coupled with the shortage of manual labor in developed countries. While Asian countries such as China, South Korea, and India are expected to witness significant growth due to rising food demand, European countries lead the market with well-established, large-scale adoption of robotics in farming operations. Agriculture drones and robots offer numerous advantages over conventional farming equipment, including increased crop yields, time savings, expense reduction, and unparalleled accuracy and precision. The current global concern over the spread of COVID-19 is also anticipated to positively impact the agriculture drone market, as robots automate manual tasks, increasing the pace of farming activities and, consequently, crop yield.

Key Drivers and Growth Facilitators

The increasing adoption of automation in agriculture is a major factor influencing market growth during the forecast period. Agriculture drones and robots are expected to witness high growth, fueled by technological advancements in the global agriculture industry. Initiatives by various countries to bring automation and sustainability to the agriculture sector, enhancing profitability and efficiency in farming applications, are key drivers. For instance, the U.S. Department of Agriculture's National Institute of Food and Agriculture invested $21.7 million in April 2021 in programs aiming to help agricultural producers manage the impacts of climate change. This funding is geared towards bringing innovation to agricultural technologies, stimulating the market for agriculture drones and robots. The rising adoption of precision agriculture technologies is also contributing to market growth.

Challenges and Restraints

Despite the positive outlook, the agriculture drones and robots market faces challenges such as the lack of technological awareness among farmers and the high initial investment and costs. Additionally, the threat of cyber-attacks remains a concern, potentially hampering market growth during the forecast period.

Regional Dynamics: Dominance and Emerging Markets

Europe dominates the market share during the forecast period, driven by the growing modernization of the agriculture industry in European countries and a substantial manufacturing base for drones. The Asia-Pacific region is projected to experience a significant surge in demand for agriculture robots, primarily due to increasing pressure on farmers to enhance agricultural production to meet growing food demand. The North American market is driven by the lack of human labor and the increasing demand for yield improvement, simultaneously reducing the overall cost of farming by minimizing labor costs.

Market Segmentation

The report categorizes the agriculture drones and robots market into segments such as drone type (rotary wing drones, fixed wing drones, and others), robot type (crop harvesting robots, weeding robots, milking robots, and others), and application (crop monitoring, dairy farm management, inventory management, harvesting and picking, and others).

Key Industry Players

Profiles of key companies in the agriculture drones and robots market are included in the report, featuring Lely, Deere and Company, GEA Farm Technologies, DJI, Dairymaster, De Laval, AGCO Corporation, AeroVironment, Inc., Boumatic, PrecisionHawk, and others.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Agriculture Drones and Robots Market Highlights

2.2. Agriculture Drones and Robots Market Projection

2.3. Agriculture Drones and Robots Market Regional Highlights

Chapter 3. Global Agriculture Drones and Robots Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Agriculture Drones and Robots Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Drone Type

3.5.2. IGR-Growth Matrix Analysis by Robot Type

3.5.3. IGR-Growth Matrix Analysis by Application

3.5.4. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Agriculture Drones and Robots Market

Chapter 4. Agriculture Drones and Robots Market Macro Indicator Analysis

Chapter 5. Global Agriculture Drones and Robots Market by Drone Type

5.1. Rotary Wing Drones

5.2. Fixed Wing Drones

5.3. Others

Chapter 6. Global Agriculture Drones and Robots Market by Robot Type

6.1. Crop Harvesting Robots

6.2. Weeding Robots

6.3. Milking Robots

6.4. Others

Chapter 7. Global Agriculture Drones and Robots Market by Application

7.1. Crop Monitoring

7.2. Dairy Farm Management

7.3. Inventory Management

7.4. Harvesting and Picking

7.5. Others

Chapter 8. Global Agriculture Drones and Robots Market by Region 2022-2028

8.1. North America

8.1.1. North America Agriculture Drones and Robots Market by Drone Type

8.1.2. North America Agriculture Drones and Robots Market by Robot Type

8.1.3. North America Agriculture Drones and Robots Market by Application

8.1.4. North America Agriculture Drones and Robots Market by Country

8.2. Europe

8.2.1. Europe Agriculture Drones and Robots Market by Drone Type

8.2.2. Europe Agriculture Drones and Robots Market by Robot Type

8.2.3. Europe Agriculture Drones and Robots Market by Application

8.2.4. Europe Agriculture Drones and Robots Market by Country

8.3. Asia-Pacific

8.3.1. Asia-Pacific Agriculture Drones and Robots Market by Drone Type

8.3.2. Asia-Pacific Agriculture Drones and Robots Market by Robot Type

8.3.3. Asia-Pacific Agriculture Drones and Robots Market by Application

8.3.4. Asia-Pacific Agriculture Drones and Robots Market by Country

8.4. RoW

8.4.1. RoW Agriculture Drones and Robots Market by Drone Type

8.4.2. RoW Agriculture Drones and Robots Market by Robot Type

8.4.3. RoW Agriculture Drones and Robots Market by Application

8.4.4. RoW Agriculture Drones and Robots Market by Sub-region

Chapter 9. Company Profiles and Competitive Landscape

9.1. Competitive Landscape in the Global Agriculture Drones and Robots Market

9.2. Companies Profiles

9.2.1. Lely

9.2.2. Deere and Company

9.2.3. GEA Farm Technologies

9.2.4. DJI

9.2.5. Dairymaster

9.2.6. De Laval

9.2.7. AGCO Corporation

9.2.8. AeroVironment, Inc.

9.2.9. Boumatic

9.2.10. PrecisionHawk

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of agriculture drones and robots.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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