Press release
Agricultural Robot Market 2024 - Share, Ongoing Trends, Size, Growth Rate And Key Players
Agricultural Robot Market
The Business Research Company offers in-depth market insights through Agricultural Robot Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The agricultural robot market size has grown exponentially in recent years. It will grow from $14.26 billion in 2023 to $17.5 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The growth in the historic period can be attributed to labor shortages in agriculture, precision agriculture adoption, rising demand for food production, government support and subsidies, farm mechanization trends.
The agricultural robot market size is expected to see exponential growth in the next few years. It will grow to $39.28 billion in 2028 at a compound annual growth rate (CAGR) of 22.4%. The growth in the forecast period can be attributed to advanced ai and machine learning integration, customization for different crops, climate change adaptation, autonomous fleets and swarm robotics, integration with farm management software. Major trends in the forecast period include remote sensing and imaging advancements, early innovations and pilot projects, advancements in sensor technologies, data-driven farming, robotics in crop monitoring.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=13364&type=smp
Market Segmentation:
The agricultural robot market covered in this report is segmented -
1) By Offering: Hardware, Software, Service
2) By Farming Environment: Indoor, Outdoor
3) By Application: Harvest Management, Field Farming, Dairy And Livestock Management, Irrigation Management, Pruning Management, Weather Tracking and Monitoring, Inventory Management, Other Applications
Major Driver - Precision Farming Surge Propels Agricultural Robot Market Growth
The rise in precision farming is expected to propel the growth of the agricultural robot market going forward. Precision farming is a farming management strategy based on observing, measuring, and responding to temporal and spatial variability to improve agricultural production sustainability. Agricultural robots contribute to precision farming by increasing efficiency, reducing labor costs, and enabling consistent and precise farming practices. For instance, in October 2023, according to an article published by IOWA State University, a US-based university, 66% of farmers used global positioning system (GPS) yield monitors or maps, demonstrating the increasing use of precision agriculture technologies. Therefore, the rise in precision farming is driving the growth of the agricultural robot market.
Competitive Landscape:
Major companies operating in the agricultural robot market report are Deere & Company, Yamaha Motor Co. Ltd., AGCO Corporation, Trimble Inc., RheinEnergie AG, Carbon Robotics, BouMatic Robots BV, Nova-Tech Engineering, Autonomous Solutions Inc., Clearpath Inc., CNH Industrial N.V., AeroFarms, PrecisionHawk, AgEagle Aerial Systems, Monarch Tractor, Tevel Aerobotics Technologies, Harvest Automation Inc., Agrointelli, Kind Technologies, Abundant Robotics, Demaitere B.V., Naio Technologies, Auroras s.r.l., Blue River Technology Inc., Agribotix LLC, Aigen Inc., PeK Automotive d.o.o, 3D.aero GmbH, FarmDroid, Deepfield Robotics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Agricultural Robot Market 2024 - Share, Ongoing Trends, Size, Growth Rate And Key Players here
News-ID: 3410990 • Views: …
More Releases from The Business research company
Future Perspective: Key Trends Shaping the Reactive Power Services Market up to …
The reactive power services market is set for significant expansion in the coming years as the energy sector evolves to meet modern demands. With increasing renewable energy adoption and advancements in grid technologies, this market is becoming a critical component in ensuring power system reliability and efficiency. Let's explore the market size forecast, key companies involved, influential trends, and the various segments shaping this industry.
Projected Growth and Market Size of…
Analysis of Key Market Segments Driving the Product Take-Back Program Market
The product take-back program market is gaining significant attention as sustainability becomes a higher priority for businesses and consumers alike. With increasing efforts to promote circular economy models, this sector is set for impressive growth and innovation over the coming years. Let's explore the market's size projections, major players, key drivers, notable trends, and segmentation details to better understand its evolving landscape.
Forecasted Growth and Market Size of the Product Take-Back…
Global Drivers Analysis: The Rapid Evolution of the Power Grid Automation System …
The power grid automation systems market is on the verge of significant expansion, driven by technological advancements and increasing demands for smarter, more resilient energy networks. This sector is evolving rapidly as utilities and energy providers adopt innovative solutions to manage and optimize power grids more effectively. Below, we explore the market's projected value, key industry players, emerging trends, and the detailed segmentation shaping its future.
Projected Growth and Valuation of…
Leading Companies Consolidating Their Roles in the Personal Extended Reality Har …
The personal extended reality hardware market is on the cusp of remarkable expansion, driven by technological advancements and growing user demand. As industries and consumers increasingly embrace extended reality (XR) technologies, this market is expected to experience significant growth in the coming years. Let's delve into the anticipated market size, the key players shaping the landscape, current trends, and important segmentation within this evolving sector.
Projected Growth Trajectory of the Personal…
More Releases for Robot
RoboPaw Robot Puppy Review: Is This Robot Dog Worth Buying?
RoboPaw Robot Puppy Review: Is This Robot Dog Worth Buying?
The rise of smart robotic pets has transformed how families introduce companionship, creativity, and safe entertainment into their daily routines. Among the newest innovations gaining massive attention is the RoboPaw Robot Puppy, a highly interactive, expressive, and surprisingly intelligent robotic companion designed for kids, adults, and even seniors who want play, comfort, and engagement without the responsibility of a real pet.
The…
Wuffy Robot Dog Reviews: All Truth about Wuffy Robot Dog (wuffy the robot dog)
Parents around the world are asking the same question right now: can a robot puppy really replace some of the comfort and fun of a real dog? In a time when many families live in apartments, juggle allergies, or simply cannot handle the responsibility of a pet, wuffy robot dog reviews are starting to stand out online for one simple reason. This is not another plastic gadget that flashes once…
Major Market Shift in Robot Kitchen Industry: Robot-Operated Or AI-Powered Resta …
What Is the Forecasted Market Size and Growth Rate for the Robot Kitchen Market?
The robot kitchen market has grown strongly in recent years. It is projected to grow from $3.35 billion in 2024 to $3.66 billion in 2025, at a CAGR of 9.3%. The growth is driven by automation and efficiency, rising labor costs, consumer demand for convenience, innovation and competition, and the emphasis on food safety and hygiene.
The robot…
AI Robot Toy Market Likely to Enjoy Massive Growth (2024-2029)ROYBI AI Robot , D …
According to HTF Market Intelligence, the Global AI Robot Toy market to witness a CAGR of 17.8% during the forecast period (2024-2029). The Latest Released AI Robot Toy Market Research assesses the future growth potential of the AI Robot Toy market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify…
TPA Robot launches a new industrial linear robot
The single axis robot KK Series, developed by TPA ROBOT, uses partially hardened U-shaped steel base track to significantly increase the robot's strength and load capacity. Due to the different environments, we have three type of linear robot series, KSR, KNR and KFR, depending on the type of cover used.
For the return system between the track and the slider, the contact surface between the ball and the ball groove adopts…
Robot Battery Market 2023- 2028 Global Insights by Industry Volume, Opportunitie …
The Robot Battery Market research report gives consistent conveyance of the substance. Information gathered in the notification is from verified and reliable sources. Besides, the report additionally breaks down the forthcoming patterns and openings likely to propel the Robot Battery Market. Moreover, the Robot Battery Market provides creative strategies and plans that help market players to stay ahead of the competition. Besides, the Robot Battery Market research report likewise evaluates…
