Global Robotics in Agriculture Market is valued approximately at USD 4616 million in 2020 and is anticipated to grow with a healthy growth rate of more than 34.62% over the forecast period 2021-2027. Growing urbanization is leading to shortage of farm labor, which is rising the focus towards robotics to replace labors in farming. For instance, in Brazil farm jobs has decreased from 12.6% of all jobs in 2010 to 9.1% in 2020. Government support for farm mechanization, growing population around the world which is rising the need for food, and new product launches in the market are fueling the demand for robotics in agriculture in the market. For instance, in April 2019, Trimble (US) launched the Farmer Core software that integrates machine-generated data to simplify setup and streamline operations for various farming activities. This was an entry-level software subscription, which was accessible to farmers. Also,
according to Statista, the population of China has increased from 1395.38 million in 2018 to 1411.78 million in 2020, and is anticipated to reach 1419.03 million by 2026. Furthermore, growing investment in agtech startups and integration of innovative technology such as Artificial Intelligence and Machine Learning are expected to fuel the demand in coming years. Such as, venture capital investment in German agtech startups has increased from USD 13 million in 2017 to USD 113 million approximately in 2019. However, higher cost of robotics in agriculture and concern related data security may hinder the growth during forecast period.
In regional analysis, among Asia Pacific, North America, Europe, Latin America, and Rest of the World, North America is the dominating region across the world in terms of revenue due to shortage of farm labor and growing automation in agriculture. Whereas, Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to rising demand for food owing to rising population and government support for farm mechanization.
Major market player included in this report are:
Autonomous Solutions Inc.
Autonomous Tractor Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Unmanned Aerial Vehicles (UAVs)
Automated Harvest Robots
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Robotics in Agriculture Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers