Press release
Agricultural Robots Market Set to Skyrocket: Projected to Reach $28.2 Billion by 2031, Fueled by AI Integration and Precision Farming
The robust expansion of the agricultural robots market is being driven by several key factors, including the increasing adoption of drones for precision farming, rising global population, and persistent labor shortages. Furthermore, various government initiatives aimed at bolstering the agricultural sector are providing additional momentum to this growth. However, the high initial costs associated with implementing agricultural robots are currently hindering market expansion.
A notable trend in the market is the growing integration of artificial intelligence (AI) into agricultural robotics. This development is expected to unlock significant growth opportunities for stakeholders across the industry. Despite these opportunities, the market faces challenges, including a lack of technical expertise among farmers and ongoing concerns about data privacy, which could impact the pace of adoption.
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Market Segmentation
The agricultural robots market has been segmented based on offerings, deployment methods, automation types, and end-use applications. The report provides a detailed analysis of these segments, evaluating industry competitors and examining market dynamics at both regional and country levels.
1. By Offering: The market is divided into hardware, software, and services. In 2024, the hardware segment is projected to dominate, accounting for over 88% of the market share. This segment's growth is driven by the rising adoption of robots in livestock management, rapid automation in agricultural processes, and a global shortage of labor. Companies are increasingly focusing on providing advanced hardware solutions to address labor shortages. For instance, in February 2023, Israel-based MetoMotion introduced an AI-powered robot for tomato picking, aimed at alleviating the labor crisis in the fruit and vegetable picking industry. This hardware segment is also expected to achieve the highest CAGR during the forecast period.
2. By Deployment: The market is categorized into indoor and outdoor deployment. The outdoor segment is expected to hold the largest share in 2024, representing over 89% of the market. The growth in this segment is attributed to the increasing need to monitor weather and climate conditions in outdoor farming, alongside population growth and labor shortages. Companies are developing advanced robotic solutions for outdoor farming, including mapping, navigation, and crop monitoring. Clearpath Robotics Inc., a Canadian company, launched the OutdoorNav Navigation Software in October 2022, providing GPS-based navigation and mapping for outdoor farming. This segment is also poised for the highest CAGR during the forecast period.
3. By Automation Type: The market is segmented into automated and semi-automated systems. Automated systems are expected to dominate, accounting for over 81% of the market share in 2024. This growth is driven by the integration of digital technologies, automation, and AI in robotic systems, which are becoming increasingly vital in crop production, livestock management, fisheries, and forestry. Companies like Naio Technologies (France) are at the forefront, offering fully automated robots designed for large-scale vegetable production. Their Orio robot, launched in February 2022, is a prime example, providing high-precision seeding, fertilizing, and crop monitoring solutions. The automated segment is projected to achieve the highest CAGR during the forecast period.
4. By End Use: The market is further segmented into crop farming, livestock, forestry, and fisheries. Crop farming is expected to lead, capturing over 56% of the market share in 2024. This segment's growth is driven by rising labor costs, population growth, and the need to enhance yield quality and productivity. Companies like AGCO Corporation (U.S.) are pioneering developments in autonomous farming platforms, such as the Fendt Xaver, which features advanced safety and collision detection capabilities. However, the livestock segment is projected to experience the highest CAGR during the forecast period, driven by the need for livestock monitoring, disease detection, and an increase in dairy farming. In December 2022, DeLaval (Sweden) launched the OptiDuo, a feed-pushing robot designed to improve milk production by maintaining a stable rumen.
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Regional Insights
Geographically, the agricultural robots market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to lead the market in 2024, accounting for over 34% of the global share. The region's market growth is fueled by innovations in the agri-tech sector, increasing pressure on the food supply chain, and government initiatives supporting the adoption of advanced agricultural technologies. The European Union's Robs4Crops project, funded with USD 9.3 million, exemplifies the region's commitment to accelerating the adoption of robotics in agriculture.
Meanwhile, the Asia-Pacific region is anticipated to record the highest CAGR of over 18.8% during the forecast period. The region's growth is attributed to the rising adoption of smart agricultural devices, increasing demand for high-quality food, and the growing number of start-ups focusing on precision farming. Countries such as China, India, and Japan are leading the way in integrating robotic solutions into their agricultural practices, resulting in significant improvements in profitability and efficiency.
In conclusion, the agricultural robots market is poised for substantial growth over the coming decade, driven by technological advancements, population dynamics, and evolving agricultural practices. As the industry continues to innovate and overcome challenges, stakeholders are well-positioned to capitalize on the emerging opportunities.
Key Players
The key players operating in the agriculture robots market are Yanmar Holdings Co., Ltd. (Japan), AgEagle Aerial Systems Inc. (U.S.), Lely International N.V. (Netherlands), BouMatic (U.S.), DJI (China), Deere & Company (U.S.), XAG Co., Ltd. (China), Clearpath Robotics Inc. (Canada), Naio Technologies (France), Robotics Plus Limited (New Zealand), GEA Group Aktiengesellschaft (Germany), DeLaval (Sweden), and Small Robot Company (U.K.).
Key Questions Answered in the Report:
• What are the high-growth market segments in terms of the offering, deployment, automation type, and end use?
• What is the historical market size for the agriculture robots market?
• What are the market forecasts and estimates for 2024-2031?
• What are the major drivers, restraints, opportunities, challenges, and trends in the agriculture robots market?
• Who are the major players in the agriculture robots market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the agriculture robots market?
• What are the different strategies adopted by major market players?
• What are the trends and high-growth countries?
• Who are the local emerging players in the agriculture robots market, and how do they compete with other players?
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https://www.meticulousresearch.com/product/pick-and-place-robots-market-5573
https://www.meticulousresearch.com/product/cleaning-robots-market-5859
https://www.meticulousresearch.com/product/food-robotics-market-4957
https://www.linkedin.com/pulse/agricultural-robotics-sector-set-achieve-239-billion-valuation-txe8f/
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