Agriculture Robots Market 2024 - Industry Size, Future Insights, Growth Drivers And Top Players

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Agriculture Robots Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $81.9 billion In 2028 At A CAGR Of 8.1% :

The agriculture robots market size has grown exponentially in recent years. It will grow from $6.71 billion in 2023 to $8.37 billion in 2024 at a compound annual growth rate (CAGR) of 24.7%. The growth in the historic period can be attributed to labor shortages, precision agriculture adoption, rising labor costs, demand for higher yields, government subsidies and incentives.

The agriculture robots market size is expected to see exponential growth in the next few years. It will grow to $19.45 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to robotics-as-a-service (raas), sustainability mandates, global population growth, environmental monitoring, urban agriculture focus. Major trends in the forecast period include robotics in autonomous tractors, robots for weeding operations, modular and customizable robotics, robotic soil management, robotic harvesting solutions.

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Agriculture Robots Market Major Segments
The agriculture robots market covered in this report is segmented -

1) By Offering: Hardware, Software, Services
2) By Type: Milking Robots, UAVs or Drones, Automated Harvesting Systems, Driverless Tractors, Other Types
3) By Farm Produce: Fruits and Vegetables, Field Crops, Dairy and Livestock, Other Fram Produces
4) By Farming Environment: Indoor, Outdoor
5) By Application: Harvest Management, Field Farming, Dairy and Livestock Management, Soil and Irrigation Management, Other Applications

Key Driver - Surge In Automation Adoption Propels Growth In Agriculture Robots Market

The increase in the adoption of automation technology is driving the growth of the agriculture robots market going forward. Automation refers to a technology that enables processes to occur with less intervention from humans using programmed commands and automatic feedback to ensure proper execution of the instructions. In agriculture, automation technology is used to build more efficient technology for farm management and carrying out day-to-day agriculture tasks to improve the production of crops and livestock. Whereas, automation in dairy farms is used to improve profitability, animal health, lifestyle, and milk quality by using robots in milking tasks, monitoring cattle health, performing labor-intensive tasks such as feeding, and others. For instance, in May 2023, according to Formstack, a US-based software company, 76% of organizations use automation to automate their daily workflows, automating data and reporting for planning purposes is used by 58%, and compliance with regulations is used by 36% of firms. Therefore, an increase in the adoption of automation technology is driving the growth of the agriculture robots market.

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Prominent Trend - Future Acres Introduces Carry Advancing Agriculture Robotics With Artificial Intelligence (AI)-Based Crop-Transporting Robot

Technological advancement is the key trend that is gaining popularity in the agriculture robot market. Major companies operating in the market are focused on research and development for product advancements to sustain their market position. For instance, in February 2021, Future Acres, a US-based company operating autonomous harvesting machines, introduced Carry, an artificial intelligence-based crop-transporting robot to transport hand-picked crops that work alongside humans to perform the delicate picking process at grapes farms and reduce the human strain of moving the crops around manually. Carry is capable of moving crops up to 500 lbs in all terrain and all weather, which has increased production efficiency by 30% in fields.

Agriculture Robots Market Players
Major companies operating in the agriculture robots market report are Deere & Company, SZ DJI Technology Co Ltd., AGCO Corporation, DeLaval, Trimble Inc., BouMatic Robotics BV, Lely Industries NV, AgJunction Inc., AgEagle Aerial Systems Inc., Yanmar Co Ltd., Agribotix LLC, Harvest Automation Inc., Topcon Positioning Systems Inc., GEA Group AG, Ag Leader Technology, Deepfield Robotics, Autonomous Tractor Corporation, Clearpath Robotics Inc., Agrobot, Naïo Technologies, PrecisionHawk Inc., CNH Industrial NV, Harvest CROO Robotics LLC, Robotics Plus Limited, Ecorobotix SA, AutoCopter Corp., Autonomous Solutions Inc., Kubota Corporation, DroneDeploy Inc., FFRobotics Ltd., Fullwood Packo, Octinion BV, Dot Technology Corp., SwarmFarm Robotics, Fendt, Robotina, Soft Robotics Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the agriculture robots market in 2023. Europe is expected to be the fastest-growing region in the global agriculture robots market during the forecast period. The regions covered in the agriculture robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Agriculture Robots Market Report Structure
3. Agriculture Robots Market Trends And Strategies
4. Agriculture Robots Market - Macro Economic Scenario
5. Agriculture Robots Market Size And Growth
…..
27. Agriculture Robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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