With the emergence and long-term Impact of COVID-19, Global Agricultural Robots Market to reach USD 51.77 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Agricultural Robots Market points towards a potential rise to USD 51.77 billion by 2030. Agricultural robots are specialized machines equipped with advanced technologies such as AI and sensors to automate tasks in farming. They encompass various types including harvesting robots for picking crops, weeding robots for removing weeds, planting robots for precise seed placement, and monitoring robots for assessing soil and crop conditions.
These robots aim to enhance efficiency, productivity, and sustainability in agriculture by reducing labor costs, minimizing environmental impact, and improving crop yields. According to United Nations projections, the global population is expected to reach 8.6 billion by 2030 and 9.8 billion by 2050, placing immense pressure on traditional food production methods to ensure food security. Agricultural robots and drones are emerging as transformative technologies, offering precision and optimization capabilities that revolutionize farming practices.
Moreover, with fewer farm laborers due to population growth and urban migration, agricultural robots are increasingly adopted to automate tasks and reduce reliance on manual labor. The agricultural robot’s market is positioned for substantial growth as the demand for cost-effective and efficient labor solutions escalates, coupled with the increase in IoT devices connected with farm management to analyze data on various factors.
Geographically, the global Agricultural Robots market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 with largest market share owing to the rise in adoption of advanced technology in response to labor shortages and high labor costs, coupled with the region’s elevated per-capita disposable income. Moreover, government support for the implementation of agricultural robots, such as unmanned aerial vehicles and driverless tractors, as part of smart farming initiatives, is further propelling market expansion.
Also, players within this market are making substantial investments in the development of cost-effective and highly efficient robots aimed at enhancing yields while minimizing costs for farmers. For instance, in 2021, Santa Monica-based Future Acres unveiled its inaugural robot, Carry, designed specifically for grape picking. Utilizing AI technology, Carry collaborates seamlessly with human workers, addressing labor shortages and introducing tailored solutions to meet the evolving needs of farmers. This concerted effort to address labor challenges and introduce innovative products underscores the significant growth trajectory of the agricultural robotics market in North America.
Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The region faces issues of labor shortages and increasing wage costs, making investments in robotics an appealing prospect for farmers seeking more cost-effective and sustainable solutions. Robust government backing, coupled with the diverse agricultural landscape are significantly propelling the demand for agriculture robotic across the region.
The global Agricultural Robots market is highly competitive owing to the presence of several key players such as Blue River Technology Harvest Automation AGCO Corporation Lely Industries Naio Technologies Precision Hawk Deere & Company AG Eagle LLC Agribotix LLC IBM Corporation, and others.
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Key findings of the study suggest:
- Global Agricultural Robots Market is anticipated to grow with a healthy growth rate of more than 20.6% over the forecast period 2023-2030.
- In the Application segment, Planting & Seeding Management emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to government support for the implementation of agricultural robots in the region.
- Asia Pacific is expected to grow at higher rate owing to investments in robotics in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Driverless Tractors
- UAVs
- Dairy Robots
- Material Management
By Offering:
- Hardware
- Software
- Services
By Application:
- Planting & Seeding Management
- Spraying Management
- Milking
- Monitoring & Surveillance
- Harvest Management
- Livestock Monitoring
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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