Agricultural Robot Market 2024 - By Size, Share, Growth Rate, Emerging Trends, Development Status, Revenue Outlook And Forecast 2033

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.

Market Overview -
An agricultural robot, or agribot, is a robotic device designed for use in the agriculture industry to improve agricultural processes by automating tasks that are slow, labor-intensive, or dangerous for humans. These robots aim to increase efficiency, reduce manual labor reliance, and help farmers meet the growing global demand for sustainable food production.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=13364&type=smp

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.

Unveils Electric And Autonomous Robot For Sustainable Farming Solutions
Major companies in the agricultural robot market are focused on technological advancements such as electric and autonomous robots to provide high-precision weeding and guidance for implements. An electric and autonomous robot is a robot that can move around on its own and accomplish complex objectives without human intervention or being permanently plugged into an electrical source. For instance, in February 2022, Naio Technologies, a France-based robotic manufacturing company, launched a new agricultural robot called Orio. Orio is a multi-crop, multi-task robot that offers a sustainable alternative to the use of herbicides, respects soils, improves working conditions, and collects data for smart farming. It is a light, electric, and autonomous robot equipped with GPS and camera guidance, multiple sensors, and an algorithm based on artificial intelligence. The company offers Orio as a Robots as a Service (RaaS) model, allowing growers to benefit from in-row and intra-row weeding of vegetables and leafy greens, as well as precision seeding and fertilizing.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/agricultural-robot-global-market-report

Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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

Want To Know More 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 specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.