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Agricultural Robots Market
According to the current analysis of Reports and Data, the global Agricultural Robots Market was USD 6.5 Billion in 2018 and is projected to grow at a CAGR of 24.1% from 2019 to 2026. The burden on global food supply due to rising world population and surge in venture funding for the expansion of agriculture robots are a few of the key factors driving the growth of the agricultural robots market. The most common applications of robots in agriculture include filed mapping, aerial data collection, planting and seeding intercultural operations, fertilizing and irrigation, picking, and harvesting, while others including dairy farming activities like milking, castrating, washing and shepherding. The Food and Agriculture Organization of the United Nations (FAO) projected that the global GDP of the agriculture industry would increase from USD50 trillion in 2005-07 to USD 126 trillion in 2050. This exponential extension of the agriculture industry is the foremost reason for the hurling of the sales of agricultural robots globally.
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The Asia Pacific region is anticipated to be the fastest-growing market during the forecast period, with a CAGR of 26.8%. The mounting trend of implementation of uncrewed aerial vehicles for higher productivity and increasing awareness of accurate agriculture for field mapping and crop scouting is predictable to foster the agricultural industry growth in this region. APAC agricultural robots market will benefit from growing adoption and technological developments. Manufacturers are financing in the area to develop low cost and effective drones for frequent applications in agricultural robots.
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Major vendors in the global agricultural robots products market are Deere & Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), DJI (China), Boumatic (Netherlands), Lely (Netherlands), DeLaval (Sweden), Topcon (US), and AgEagle Aerial Systems (US).
By Offerings (Revenue, USD Million; 2019-2026)
• Hardware (Automation & Control Systems and Sensing & Monitoring Devices)
• Software (Local/Web-based and Cloud-based)
• Services (System Integration & Consulting Services, Managed Services, Connectivity Services, Assisted Professional Services, and Maintenance & Support Services)
By Type (Revenue, USD Million; 2019-2026)
• Unmanned Aerial Vehicles (UAVs) (Fixed Wing, Rotary Blade, and Hybrid)
• Milking Robots
• Driverless Tractors
• Automated Harvesting Systems
• Other Robots (Robots for Nurseries, Sorting and Packing, and Weed Control)
By Farming (Revenue, USD Million; 2019-2026)
• Indoor farming
• Outdoor farming
By Farm (Revenue, USD Million; 2019-2026)
• Fruits and Vegetables
• Field Crops
• Livestock
• Others (Flowers and Aquaculture)
By Application (Revenue, USD Million; 2019-2026)
• Harvest Management
• Field Farming (Crop Monitoring, Plant Counting, and Crop Scouting)
• Dairy & Livestock Management (Dairy Farm Management, Livestock Monitoring, and Precision Fish Farming)
• Autonomous mowing, pruning, seeding, spraying and thinning
• Phenotyping
• Soil Management (Moisture Monitoring and Nutrient Monitoring)
• Irrigation Management
• Weather Tracking & Monitoring
• Sorting and packing
• Inventory Management
• Weed Control
• Others (Financial Management, Farm Labor Management, Demand Forecasting, and Forestry Management)
The research study also provides crucial insights into the new ventures and collaborative endeavors the key players are undertaking to gain a robust footing in the market. It focuses on the recent mergers and acquisitions, joint ventures, product launches and brand promotions, corporate deals, agreements, and partnerships. The competitive landscape section offers crucial insights into key companies with regards to their market position, manufacturing and production capacity, product portfolio, investment strategies, business expansion plans, and gross profit margins.
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