Agricultural Robots Market by Type (Unmanned Aerial Vehicles, Milking Robots, Driverless Tractors, Automated Harvesting Systems, and Others), Farming Environment (Indoor Farming and Outdoor Farming), and Application (Harvest Management, Field Farming, Dairy and Livestock Management, Soil Management, Irrigation Management, and Others): Global Market Size Estimates and Forecast (2022–2030)
The agricultural robots market is expected to cross US$ 5.26 billion in 2022 and is projected to hit US$ 12.36 billion by 2030, recording a CAGR of 13.4% during the forecast period.
Growing population and labour shortages encourage automation
The agriculture industry is under pressure from the world's growing population and the demand for increased productivity from current farmland. Changing demographics and urbanisation, for example, are now having an impact on the agricultural industry. The agricultural business in the United States and the United Kingdom, among other countries, is significantly reliant on migrant labour, and a similar tendency may be seen in other industrialised countries. According to World Bank data, agricultural employment has decreased by 15% globally during the last decade. With an ageing farmer population limiting the supply of physical labour, the labour shortage has become a global issue. The younger generation is less inclined to pursue farming, and children from farming households frequently relocate to cities for greater job opportunities. As a result, established farmers have been working in the field for a longer period of time.
Within the report, the agricultural robots market is segmented into type, farming environment, application, and geography. By type, the market is further segmented into unmanned aerial vehicles, milking robots, driverless tractors, automated harvesting systems, and others. Based on the farming environment, the market is divided into indoor farming and outdoor farming. Based on application, the market is divided into harvest management, field farming, dairy and livestock management, soil management, irrigation management, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Agricultural robots has created a massive opportunity for the market
Agricultural robots, also known as agribots, are one of the most recent agricultural advancements. They are self-contained machines used to improve yield quality and efficiency while reducing dependency on manual labour and enhancing total output. End effectors or specialised arms are typically used on agricultural robots to perform a variety of horticultural tasks such as weed control, seeding and planting, aerial data collection, field mapping, fertilising and irrigation, intercultural operations, harvesting, soil analysis, and environmental monitoring. Aside from that, these robots are used in the dairy farming business to wash and milk cows.
Field application of real-time multimodal robot systems
The use of multimodal or heterogeneous platforms that integrate ground and airborne vehicles allows for targeted support, intelligence, and mission planning. Collaborative and cooperative behaviour among multiple robots becomes helpful for large-scale agriculture and dairy operations because activities can be completed simultaneously, resulting in superior economies of scale. Robots and autonomous systems of many types can now be combined in a systematic way. UAVs or drones, for example, are a great platform for aerial observation, but due to their limited payload, operational time, and durability, they are not suited for completing ground operations such as spraying. As a result, ground and airborne vehicles must work together to complete their missions. The capability to manage several robots via a centralized software platform will tremendously assist large-scale farm automation.
Recent strategic developments in the agricultural robots market
The agricultural robots market has undergone several significant developments, and a few of these have been mentioned below:
- In May 2022, Verdant Robotics introduced its robot-as-a-service (RaaS) model to provide more
specialty crop producers with access to more sustainable and profitable growing approaches.
- In July 2022, AGCO Corporation has launched a trial programme for its Precision Ag Line (PAL) programme, which is intended to expedite support services for farming clients that use AGCO solutions in mixed-fleet operations.
- In August 2021, Bear Flag Robotics was purchased by John Deere for USD 250 million. Bear Flag Robotics, which was established in 2017, specializes in autonomous farming heavy machinery.
The agricultural robots market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships Deere & Company, DJI, AGCO Corporation, Trimble Inc., and Lely are among the prominent players operating in the market.
The target audience for the report:
- Raw material providers
- Robots providers
- Agricultural robots providers
- Agricultural robots -related service providers
- Agricultural robots associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and start-up companies
- Agricultural robots component suppliers
- Agricultural robots and electronic distributors and sales firms
- End users of Agricultural robots
- Research institutes, organizations, and consulting companies
Scope of the report:
- Unmanned Aerial Vehicles
- Milking Robots
- Driverless Tractors
- Automated Harvesting Systems
- Farming Environment:
- Indoor Farming
- Outdoor Farming
- Harvest Management
- Field Farming
- Dairy and Livestock Management
- Soil Management
- Irrigation Management
- North America
- Asia Pacific (APAC)
- Rest of the World
- Companies profiled
- Deere & Company
- AGCO Corporation
- Trimble Inc.
- Deere & Company
- AGCO Corporation
- Trimble Inc.