The global agricultural robots market reached a value of US$ 5.4 Billion in 2020. Agricultural robots, also known as agribots, are one of the latest innovations in the agriculture industry. They are autonomous machines utilized for improving quality and efficiency of yield, minimizing reliance on manual labor, and increasing the overall productivity. Agricultural robots are usually equipped with end effectors or specialized arms for performing a wide range of horticultural activities such as weed control, seeding and planting, aerial data collection, filed mapping, fertilizing and irrigation, intercultural operations, harvesting, soil analysis, and environmental monitoring. Apart from this, these robots are also employed for washing and milking livestock in the dairy farming industry.
Global Agricultural Robots Market Drivers:
With growing population, the demand for food is rising at a rapid pace worldwide. As a result, farmers are now shifting towards modern tools and equipment, such as agricultural robots, to increase their total productivity and generating more revenue. Further, governments around the world are offering subsidies and undertaking initiatives to propagate awareness about automated technologies among farmers. For instance, the European Union has funded projects, such as GRAPE and MARS, to replace labor-intensive tasks with advanced automated technologies. Moreover, several established and start-up agricultural companies are investing in research and development activities to introduce an innovative range of agricultural robots. Looking forward, IMARC Group expects the global agricultural robots market to reach a value of US$ 21.10 Billion by 2026, exhibiting a CAGR of 25.50% during 2021-2026.
Breakup by Product Type:
Breakup by Application:
Breakup by Offering:
The report has also analysed the competitive landscape of the market with some of the key players being 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. and Autonomous Tractor Corporation.
Key Questions Answered in This Report:
The market experienced a positive impact on account of the sudden outbreak of the COVID-19 pandemic as numerous-labor intensive tasks are being replaced by automated tools, thereby minimizing the risk of disease transmission via human interaction. Furthermore, the disrupted food supply chains due to stringent lockdown regulations across various nations have catalyzed the demand for agricultural robots to enhance crop productivity and meet the cumulative food demand.
The global agricultural robots market reached a value of US$ 5.4 Billion in 2020.
According to the estimates by IMARC Group, the global agricultural robots market to reach a value of US$ 21.10 Billion by 2026, exhibiting a CAGR of 25.50% during 2021-2026.
The prevalent trend of automation in the agriculture sector has led to the increasing demand for agricultural robots to improve crop cultivation techniques and enhance overall productivity. This represents one of the key drivers propelling the global market for agricultural robots.
The introduction of swarm robots that assist in collecting crop-related data through artificial intelligence, represents one of the key trends in the global agricultural robots market.
On the basis of the product type, the market has been bifurcated into unmanned aerial vehicles (UAVs)/drones, milking robots, automated harvesting systems, driverless tractors, and others. In this segment, milking robots currently hold the largest market share.
On the basis of the application, the market has been classified into crop management, dairy farm management, animal management, field management, and soil management. Amongst these, crop management currently accounts for the largest market share.
On the basis of the offering, the market has been categorized into hardware, software, and services. At present, hardware leads the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
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