Agricultural Robots Market:
Growth opportunities in the Agricultural Robots Market look promising over the next six years. This is mainly due to their assistance to reduce labor cost, save time, and administer crop stress, predict yields and plant growth.
Agricultural Robots Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The considerable reduction in the number of labor, mounting demand for extortionate productiveness from the existent fields, and the swiftly accelerating population are some of the crucial drivers stimulating the growth of the global agricultural robots market. Rapid digitalization has raised the demand to improve the existing agricultural technologies, which has strengthened the agricultural robots market size. These robots help to fuel the effectiveness of crops, curbing the need for manual labor and supervision of crops to prevent them from several diseases and pests while raising the entire productivity of the field. In addition, the surging requirement of sophisticated and sustainable farming practices to produce expeditious yields will pave the demand for market growth.
Furthermore, the increasing adoption of indoor farming practices driven by the substantial changes in climatic conditions and the transpiring demand to monitor crops will engender enormous growth opportunities in the market. The vigorous focus of the government to encourage the endorsement of mechanization across every sector is stimulating producers to bring product innovation. In addition, the growing penetration of IoT in the agricultural industry, accompanied by the increase in labor wages, has raised market growth. However, the insufficient consciousness concerned with agricultural robots and inflated initial costs are two major factors hindering market growth.
Offering Segment Drivers
Based on the Offering, the market is segmented into hardware and services. Among these, services are projected to dominate the market over the forecast period. The excessive cost of the agricultural equipment, such as driverless tractors, and weeding robots, is persuading the organizations to choose leasing models, thereby allowing the farmers to field test automotive devices to make sure which equipment fits the best to their requirement. Enormous services offering such as initial setup advice and return on investment (ROI) are bolstering the market share.
Agricultural Robots Market’s leading Manufacturers:
- Trimble Inc.
- Agjunction, Inc.
- Boumatic
- AG Leader Technology
- AG Eagle LLC
- Deere & Company
- Agco Corporation
- DJI
- Lely Group
- Topcon Positioning Systems, Inc.
Agricultural Robots Market Segmentation:
Segmentation by Offering
- Hardware
- Automation & Control Systems
- Guidance & Steering
- Displays
- Cameras
- GPS/GNSS Systems
- Flow & Application Control Devices
- Mobile Devices/Handheld Computers
- Others
- Sensing & Monitoring Devices
- Soil Sensors
- Yield Monitors
- Climate Sensors
- Water Sensors
- Others
- Software
- Cloud-Based Software
- Local/Web-Based Software
- Services
- Managed Services
- Data Services
- Farm Operation Services
- Analytics Services
- System Integration & Consulting
- Assisted Professional Services
- Connectivity Services
- Maintenance & Support Services
Segmentation by Type
- Milking Robots
- Unmanned Aerial Vehicles (UAVs)/Drones
- Rotary Blade Drones
- Fixed-Wing Drones
- Hybrid Drones
- Driverless Tractors
- Automated Harvesting Systems
- Others
Segmentation by Farming Environment
- Indoor
- Outdoor
Segmentation by Farm Produce
- Field Crops
- Fruits & Vegetables
- Dairy & Livestock
- Others
Segmentation by Application
- Field Farming
- Plant Scouting
- Crop Monitoring
- Crop Scouting
- Harvest Management
- Soil Management
- Nutrient Monitoring
- Moisture Monitoring
- Dairy & Livestock Management
- Livestock Monitoring
- Dairy Farm Management
- Precision Fish Farming
- Pruning Management
- Irrigation Management
- Inventory Management
- Weather Tracking & Monitoring
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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