According to IMARC Group’s latest report, titled “Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 6.3 Billion in 2021. Agricultural robots, alternatively known as agribots, refer to autonomous machines exclusively customized for improving the efficiency and quality of farming yield. They can be segmented into numerous types, including Unmanned Aerial Vehicles (UAVs) or drones, driverless tractors, milking robots, automated harvesting systems, etc. Agricultural robots are usually equipped with specialized arms designed for performing an extensive range of horticultural activities, such as seeding, planting, weed control, field mapping, irrigation, etc. They prove advantageous in milking and washing livestock in the dairy farming segment and reduce the reliance on manual labor. Consequently, agricultural robots find widespread applications across various sectors, including field farming, soil management, crop management, etc.
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The growing preference among farmers towards using modern tools and equipment for farming activities, on account of the escalating labor shortages and the inflating labor costs, is primarily driving the agricultural robots market. Besides this, the rising need for higher crop productivity to effectively meet the requirements of the expanding population is acting as another significant growth-inducing factor. Furthermore, the launch of several policies by the government bodies aimed at popularizing advanced automated technologies to replace labor-intensive tasks, such as GRAPE (Ground Robot for vineyArd Monitoring and ProtEction) and MARS (Mobile Agricultural Robot Swarms) by the European Union, is also positively influencing the market growth. Apart from this, the increasing investments in the research and development (R&D) activities undertaken by key players are anticipated to stimulate the agricultural robots market in the coming years. Looking forward, IMARC Group expects the market to reach US$ 17.8 Billion by 2027, exhibiting at a CAGR of 18.6% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Deere & Company
- Trimble Inc.
- Agco Corporation
- Lely Holding S.À.R.L
- AG Eagle LLC
- Agribotix LLC
- Agrobot
- Harvest Automation
- Naio Technologies
- Precision Hawk
- IBM
- Agjunction, Inc.
- DJI
- Boumatic Robotics
- V.
- AG Leader Technology
- Topcon Positioning Systems, Inc.
- Autocopter Corp
- Auroras S.R.L.
- Grownetics Inc.
- Autonomous Tractor Corporation.
Market Segmentation:
Breakup by Product Type:
- Unmanned Aerial Vehicles (UAVs)/Drones
- Milking Robots
- Automated Harvesting Systems
- Driverless Tractors
- Others
Breakup by Application:
- Field Farming
- Dairy Farm Management
- Animal Management
- Soil Management
- Crop Management
- Others
Breakup by Offering:
- Hardware
- Software
- Services
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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