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Agriculture Robots Market Growth Accelerates: Strategic Forecast Predicts $23.82 Billion by 2029
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Will the Agriculture Robots Industry Market Size Be by 2025?
Recent years have seen a substantial expansion in the market size for agricultural robots. Predictions indicate a growth from $8.32 billion in 2024 to $10.35 billion in 2025, with a compound annual growth rate (CAGR) of 24.4%. Factors contributing to this growth during the historical period include labor scarcity, the implementation of precision agriculture, an increase in labor expenses, the need for higher yield, and government subsidies and incentives.
What's the Long-Term Growth Forecast for the Agriculture Robots Market Size Through 2029?
The market size for agricultural robots is predicted to witness massive expansion in the following years, attaining a value of $23.82 billion in 2029 with a compound annual growth rate (CAGR) of 23.2%. The projected growth during this period is influenced by factors such as robotics-as-a-service (RaaS), sustainability directives, the rise in global population, environmental surveillance, and emphasis on urban farming. The key trends anticipated within this period consist of the use of robotics in self-driving tractors, robots specifically for the task of weeding, customizable and module-based robotics, robotic mechanisms for soil treatment, and automated harvesting solutions.
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What Are the Key Growth Drivers Fueling the Agriculture Robots Market Expansion?
The rise in acceptance of robotics technology is propelling the advancement of the agri-tech robots industry. The term automation is indicative of a system that allows operations to run with minimal human interference, via preset directives and automatic feedback to confirm the correct execution of these guidelines. In farming, this technological enablement is used to create more efficient machinery for farm management and the execution of daily agricultural duties, thereby enhancing the yield of crops and livestock. In dairy farming, automation is applied to augment profitability, the health of animals, lifestyle, and the quality of milk, by resorting to robotics for tasks such as milking, keeping tabs on cattle health, and executing labor-intensive chores such as feeding, among other things. In fact, in May 2023, as per Formstack, an American software firm, revealed that 76% of companies have turned to automation to streamline their everyday workflows while 58% utilize it to automate data and reporting for planning purposes and 36% find it useful in adhering to regulations. Hence, this uptick in the acceptance of robotic technology is fuelling the growth of the agriculture robot sector.
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What Are the Key Trends Driving Agriculture Robots Market Growth?
Key players in the Agriculture Robots market are concentrating on technological progression, like Robots as a Service (RaaS), to boost work efficiency, cut down processing durations, and heighten accuracy in handling invoices and payments. RaaS is a service model enabled by cloud technology that allows businesses to acquire robotics systems on a subscription basis. This helps companies to implement robotic automation without making significant initial investments. For example, Naïo Technologies, a company based in France specializing in agricultural robotics, introduced World Ag Expo 2022 in February 2022. The robot runs solely on electric power, aiding in the minimization of environmental damage through eliminating carbon emissions and chemical consumption, typically linked with standard farming practices.
How Is the Agriculture Robots Market Segmented?
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 Farm Produces
4) By Farming Environment: Indoor, Outdoor
Subsegments:
1) By Hardware: Robotic Harvesters, Autonomous Tractors, Drones, Soil And Crop Monitoring Robots
2) By Software: Robotic Control Software, Data Analytics And Management Software, Navigation And Mapping Software
3) By Services: Installation And Integration Services, Maintenance And Support Services, Training and Consulting Services
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Which Companies Are Leading the Charge in Agriculture Robots Market Innovation?
Major companies operating in the agriculture robots market 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.
Which Regions Are Leading the Global Agriculture Robots Market in Revenue?
North America was the largest region in the agriculture robots market in 2024. 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.
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