The agricultural robots market is expected to be worth $5,994.27 million by 2022. Sales of US$ 30,500.51 million at a CAGR of 17.7% are anticipated to be generated by 2032 on the global market for agricultural robots.
Because automation is fueled by a growing population and workforce shortages, developing IoT and navigation technology lowers the expenses related to automation. It is expected that rapidly evolving technologies will have a significant impact on a wide range of industries.
Consumer demand for food is growing along with the world’s population. The agricultural industry is now progressively embracing technological solutions to raise agricultural productivity.
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Agriculture Robotics Market: Drivers and Restraints:
Replacing farmers’ efforts with smart robots is the major driver propelling the growth of the market. Also, the population all across the world is increasing, which is fuelling the demand for more crop production, thus piloting the growth of the agriculture robotics market during the forecast period.
The government of emerging nation such as India and China is focussing on launching smart farmer project, which is anticipated to create huge industry expansion opportunity in the near future. Further, the demand for driverless tractors and the increasing application of robots for indoor farming, dairy management, and horticulture are the other factors responsible for the growth of the agriculture robotics market.
High initial investment and skilled staff for accessing the robot are the two factors coupled together to challenge the growth of the agriculture robotics market in recent years. Apart from this, government subsidies and farmer development training programs may assist in overcoming the above-mentioned challenge.
Market Competition:
- Tractor LLC,
- Blue River Technology Inc.,
- AutoProbe Technologies LLC,
- BouMatic Robots BV,
- Deere & Company,
- Harvest Automation Inc.,
- Precision Hawk,
- Yamaha Motor Corporation, and
- GoPro, Inc.
are among the key players in the agricultural robot market.
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Global Agriculture Robotics Market: Regional Trend
North America is expected to witness the largest market growth regarding revenue, owing to the increasing penetration of modern agriculture equipment. Further countries such as Canada and the U.S. are anticipated to exhibit positive market growth, due to increasing inclination adoption of the automation process.
Asia-Pacific countries such as China and India are estimated to capture the fastest market growth, owing to supportive government regulation to encourage smart agriculture projects in the respective region, which is expected to spur the demand for agriculture robotics in forthcoming years.
Agricultural Robots Market Segmentation:
By Product Type:
- Agricultural UAV
- Driverless Agricultural Tractors
- Agricultural Milking Robots
- Automated Agricultural Harvesting Machine
By Application:
- Agricultural Robots for Field Farming
- Agricultural Robots for Dairy Management
- Agricultural Robots for Indoor Farming
- Agricultural Robots for Horticulture
By Offering:
- Agricultural Robot Hardware- Automated & Controlled System
- Agricultural Robot Sensor & Monitoring Device
- Agricultural Robot Software Service
By Region:
- North America
- Europe
- Asia Pacific Excluding
- Middle East & Africa
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