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Press Release:

Global Agricultural Robots Market to Reach US$ 10.1 Billion by 2024, Spurred by Development of Collaborative Robots

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Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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.

Report Coverage:

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


Competitive Landscape:

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.

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.3    Key Industry Trends
5    Global Agricultural Robots Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product Type 
    5.5    Market Breakup by Application 
    5.6    Market Breakup by Offering 
    5.7    Market Breakup by Region 
    5.8    Market Forecast 
6    Market Breakup by Product Type
    6.1    Unmanned Aerial Vehicles (UAVs)/Drones 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Milking Robots  
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Automated Harvesting Systems 
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Driverless Tractors 
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Others 
        6.5.1    Market Trends
        6.5.2    Market Forecast
7    Market Breakup by Application 
    7.1    Field Farming  
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Dairy Farm Management  
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Animal Management 
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Soil Management  
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Crop Management 
        7.5.1    Market Trends
        7.5.2    Market Forecast
    7.6    Others 
        7.6.1    Market Trends
        7.6.2    Market Forecast
8    Market Breakup by Offering 
    8.1    Hardware 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Software  
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Services 
        8.3.1    Market Trends
        8.3.2    Market Forecast
9    Market Breakup by Region 
    9.1    North America 
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Europe 
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Asia Pacific 
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Middle East and Africa
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Latin America
        9.5.1    Market Trends
        9.5.2    Market Forecast
10    Global Agricultural Robots Industry: SWOT Analysis 
    10.1    Overview 
    10.2    Strengths
    10.3    Weaknesses 
    10.4    Opportunities
    10.5    Threats
11    Global Agricultural Robots Industry: Value Chain Analysis 
12    Global Agricultural Robots Industry: Porters Five Forces Analysis 
    12.1     Overview 
    12.2     Bargaining Power of Buyers
    12.3     Bargaining Power of Suppliers 
    12.4     Degree of Competition
    12.5     Threat of New Entrants
    12.6     Threat of Substitutes
13    Global Agricultural Robots Industry: Price Analysis 
14    Agricultural Robots Manufacturing Process
    14.1    Product Overview
    14.2    Raw Material Requirements
    14.3    Manufacturing Process
    14.4    Key Success and Risk Factors
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profile s of Key Players
        15.3.1    Deere & Company    
        15.3.2    Trimble Inc. 
        15.3.3    Agco Corporation  
        15.3.4    Lely Holding S.À.R.L 
        15.3.5    AG Eagle LLC 
        15.3.6    Agribotix LLC 
        15.3.7    Agrobot 
        15.3.8    Harvest Automation 
        15.3.9    Naio Technologies 
        15.3.10      Precision Hawk 
        15.3.11      IBM 
        15.3.12      Agjunction, Inc. 
        15.3.13      DJI 
        15.3.14      Boumatic Robotics, B.V. 
        15.3.15      AG Leader Technology 
        15.3.16      Topcon Positioning Systems, Inc. 
        15.3.17      Autocopter Corp 
        15.3.18      Auroras S.R.L. 
        15.3.19      Grownetics Inc. 
        15.3.20      Autonomous Tractor Corporation 
 
List of Figures

Figure 1: Global: Agricultural Robots Market: Major Drivers and Challenges
Figure 2: Global: Agricultural Robots Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Agricultural Robots Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Agricultural Robots Market: Breakup by Application (in %), 2020
Figure 5: Global: Agricultural Robots Market: Breakup by Offering (in %), 2020
Figure 6: Global: Agricultural Robots Market: Breakup by Region (in %), 2020
Figure 7: Global: Agricultural Robots Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Agricultural Robots Industry: SWOT Analysis
Figure 9: Global: Agricultural Robots Industry: Value Chain Analysis
Figure 10: Global: Agricultural Robots Industry: Porter’s Five Forces Analysis
Figure 11: Global: Agricultural Robots (Unmanned Aerial Vehicles (UAVs)/Drones) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Agricultural Robots (Unmanned Aerial Vehicles (UAVs)/Drones) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Agricultural Robots (Milking Robots) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Agricultural Robots (Milking Robots) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Agricultural Robots (Automated Harvesting Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Agricultural Robots (Automated Harvesting Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Agricultural Robots (Driverless Tractors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Agricultural Robots (Driverless Tractors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Agricultural Robots (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Agricultural Robots (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Agricultural Robots (Field Farming) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Agricultural Robots (Field Farming) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Agricultural Robots (Dairy Farm Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Agricultural Robots (Dairy Farm Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Agricultural Robots (Animal Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Agricultural Robots (Animal Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Agricultural Robots (Soil Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Agricultural Robots (Soil Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Agricultural Robots (Crop Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Agricultural Robots (Crop Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Agricultural Robots (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Agricultural Robots (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Agricultural Robots (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Agricultural Robots (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Agricultural Robots (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Agricultural Robots (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Agricultural Robots (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Agricultural Robots (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: North America: Agricultural Robots Market: Sales Value (In Million US$), 2015 & 2020
Figure 40: North America: Agricultural Robots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Europe: Agricultural Robots Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Europe: Agricultural Robots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Asia Pacific: Agricultural Robots Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Asia Pacific: Agricultural Robots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Middle East and Africa: Agricultural Robots Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Middle East and Africa: Agricultural Robots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Latin America: Agricultural Robots Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Latin America: Agricultural Robots Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Agricultural Robots Manufacturing: Process Flow
 
List of Tables

Table 1: Global: Agricultural Robots Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Agricultural Robots Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Agricultural Robots Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Agricultural Robots Market Forecast: Breakup by Offering (in Million US$), 2021-2026
Table 5: Global: Agricultural Robots Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Agricultural Robots: Raw Material Requirements
Table 7: Global: Agricultural Robots Market Structure
Table 8: Global: Agricultural Robots Market: Key Players

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Key Question 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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