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Agricultural Robots Market Size, Share & Growth Insights
Fortune Business Insights recently released “The Agricultural Robots Market Report 2024,” offering in-depth market analysis and critical insights to help clients gain a competitive edge. This comprehensive study delivers key findings for strategic advantage.
Agricultural Robots Market Share, Size & Industry Trends Analysis, By Product Type (UAVs/Drones, Livestock Farming Robots, Robotic Tractors, Automated Cultivation Systems), By Application (Farm Production, Dairy and Livestock, and Others (Specialty Crops)), and Regional Forecast, 2023-2030
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The market’s competitive landscape for agricultural robots market is evaluated by analyzing key industry players, their production capacities and utilization rates, agricultural robots marketM’s production chain, manufacturer pricing, and the revenue each manufacturer generates globally in the agricultural robots marketM sector.
Major companies of agricultural robots market:
- Deere & Co. (U.S)
- DJI (China)
- CNH Industrial (U.K.)
- AGCO Corporation (U.S.)
- DeLaval (Sweden)
- YANMAR HOLDINGS CO., LTD (Japan)
- Lely (Netherlands)
- BouMatic Robotics (Canada)
- AgEagle Aerial Systems Inc (U.S.)
- Robert Bosch GmbH (Germany)
- Naïo Technologies (France)
Market atributes:
| Report Componant | Aspects |
| Forecast Period | 2022-2030 |
| Projected Market Value for 2022: | USD 6.22 billion |
| Forecasted Market Value for 2030: | USD 17.29 billion |
| Compound Annual Growth Rate (CAGR): | 14.5 |
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Key Drivers and restraints:
- Driver: Increasing Labor CostsRising labor costs in agriculture drive the adoption of agricultural robots, which offer efficient automation solutions for tasks such as planting, harvesting, and monitoring, reducing the reliance on manual labor.
- Driver: Technological AdvancementsAdvancements in robotics, artificial intelligence, and machine learning enhance the capabilities of agricultural robots, making them more precise, adaptable, and effective in managing various agricultural tasks.
- Driver: Growing Need for Improved Crop YieldsThe increasing demand for higher crop yields and improved agricultural productivity drives the adoption of agricultural robots, which can optimize planting, harvesting, and crop management processes.
- Restraint: High Initial CostsThe significant upfront investment required for purchasing and integrating agricultural robots can be a barrier for smaller farms and agricultural operations with limited budgets.
- Restraint: Maintenance and Operational ComplexityAgricultural robots require regular maintenance and can involve complex operation and integration processes, which may lead to additional costs and challenges for users in terms of training and support.
Regional atributes:
- North America (By Product Type, By Application, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
- Mexico (By Product Type)
- Europe (By Product Type, By Application, and Country)
- U.K. (By Product Type)
- Germany (By Product Type)
- Italy (By Product Type
- France (By Product Type)
- Spain (By Product Type)
- BENELUX (By Product Type)
- Rest of Europe
- Asia Pacific (By Product Type, By Application, and Country)
- China (By Product Type)
- India (By Product Type)
- Japan (By Product Type)
- South Korea (By Product Type)
- Rest of Asia Pacific
- Middle East and Africa (By Product Type, By Application, By End-User Industry, By Payload Capacity, and Country)
- GCC Countries (By Product Type)
- South Africa (By Product Type)
- Turkey (By Product Type)
- North Africa (By Product Type)
- Rest of the Middle East & Africa
- South America (By Product Type, By Application, By End-User Industry, By Payload Capacity, and Country)
- Brazil (By Product Type)
- Argentina (By Product Type)
- Rest of South America
Industry developments:
- December 2023: Chipotle Mexican Grill would be investing in Greenfield Robotics, a Kansas-based regenerative farming company, to expand the presence of agricultural robots globally.
- November 2023: Chinese drone manufacturer DJI introduced two models of drones, the T60 and T25P, designed for diverse application such as farmland spraying and aerial seeding. These drones are lightweight and used in agriculture, forestry, and aquaculture.
- September 2023: Robotics Plus, a New Zealand-based agri-tech company launched a multi-purpose autonomous robot named Prospr for orchard and vineyard crop harvesting.
- July 2023: P100, an agricultural drone was launched by XAG in Vietnam that is fully autonomous, easy to operate, and has a high payload capacity of up to 50 kg.
- June 2021: CNH Industrial N.V. acquired 100% stock of Raven Industries during the fourth quarter of 2021. The acquisition aimed to expand its equipment presence in the agricultural sector across various geographies.
- August 2021: TartanSense offered agricultural robots for small farmers to perform activities such as weeding, pest control, sowing, spraying, and harvesting by raising funds of about USD 5 billion in Series A round led by FMC Ventures.
Table of Content :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
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