According to IMARC Group’s latest report, titled “Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global agricultural robots market size reached US$ 7.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.1 Billion by 2028, exhibiting a growth rate (CAGR) of 18.42% during 2023-2028.
Agricultural robots are specialized technology that assists farmers with a wide range of operations. They can contemplate, analyze, and carry out a multitude of functions and tasks while being programmed to evolve and grow to match the needs of the tasks. Agricultural robots are autonomous machines that are employed to improve the quality and efficiency of yield, increase overall productivity, and minimize reliance on manual labor. They are equipped with specialized arms to perform a wide range of horticultural activities, including weed control, aerial data collection, seeding and planting, field mapping, intercultural operations, harvesting, fertilizing and irrigation, soil analysis, and environmental monitoring.
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Agricultural Robots Market Trends:
The increasing investments by organizations to support fundamental research in the field of engineering and computing to enable advancements in robotics and the growing food demand due to the rising population are some of the factors driving the global market growth. Additionally, key market players are developing robots with the enhanced capability of handling multiple agricultural tasks at a much faster pace, which is bolstering the market growth. Besides this, rising investments in research and development (R&D) activities, rapid technological advancements, and surging labor shortages are factors creating a positive outlook for the market.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players.
- Deere & Company
- Trimble Inc.
- Agco Corporation
- Lely Holding S.À.R.L
- AG Eagle LLC
- Agribotix LLC
- Agrobot
- Harvest Automation
- Naio Technologies
- Precision Hawk
- IBM
- Agjunction, Inc.
- DJI
- Boumatic Robotics
- B.V.
- AG Leader Technology
- Topcon Positioning Systems, Inc.
- Autocopter Corp
- Auroras S.R.L.
- Grownetics Inc.
- Autonomous Tractor Corporation.
Key Market Segmentation:
The report has categorized the market based on product type, application and offering.
Breakup by Product Type:
- Unmanned Aerial Vehicles (UAVs)/Drones
- Milking Robots
- Automated Harvesting Systems
- Driverless Tractors
- Others
Breakup by Application:
- Field Farming
- Dairy Farm Management
- Animal Management
- Soil Management
- Crop Management
- Others
Breakup by Offering:
- Hardware
- Software
- Services
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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