What Has Been the Growth of the Agricultural Robot Market So Far?
The agricultural robot market has seen considerable growth due to a variety of factors.
• In the past few years, there has been a dramatic expansion of the agricultural robot market. Its size is projected to increase from $17.5 billion in 2024 to $21.47 billion in 2025, with a compound annual growth rate (CAGR) of 22.7%.
Factors contributing to such growth during the historic period include labor shortages in the agricultural sector, the adoption of precision agriculture, increasing food production demand, governmental support and subsidies, as well as trends in farm mechanization.
What Are the Future Growth Projections for the Agricultural Robot Template Market?
The agricultural robot market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for agricultural robots is anticipated to undergo significant expansion in the coming years. It is projected to reach $48.07 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 22.3%.
The expected growth within the forecasted period can be credited to the incorporation of cutting-edge AI and machine learning, crop-specific customizations, adjustments to climate changes, autonomous fleets and swarm robotics, and the integration of farm management software. Key trends projected during the forecast period encompass advancements in remote sensing and imaging, early stage innovations and pilot projects, enhancement in sensor technologies, agriculture influenced by data, and the use of robots in crop monitoring.
What Are the Critical Driver Fuelling The Agricultural Robot Market's Growth?
The advancement of precision farming is predicted to bolster the growth of the agricultural robot market in the future. Precision farming - a strategy that focuses on observation, measurement, and reaction to time and space variations to enhance sustainable agricultural production - has found a significant contributor in agricultural robots. These robots enhance precision farming by improving efficiency, minimizing labor costs, and offering consistent and precise farming methods. For example, a report from IOWA State University in October 2023 highlighted that 66% of farmers were utilizing GPS yield monitors or maps, underlining the growing adoption of precision farming technologies. Consequently, the boom in precision farming is pushing the upward trajectory of the agricultural robot market.
Agricultural Robot Market Enabler: Satisfying Food Requirements - The Contribution of Agricultural Robots to Global Challenges
What Are The Major Segments Within The Global Agricultural Robot Market?
The agricultural robot market covered in this report is segmented –
1) By Offering: Hardware, Software, Service
2) By Farming Environment: Indoor, Outdoor
3) By Application: Harvest Management, Field Farming, Dairy And Livestock Management, Irrigation Management, Pruning Management, Weather Tracking and Monitoring, Inventory Management, Other Applications
Subsegments:
1) By Hardware: Sensors, Actuators, Robotic Arms, Navigation Systems, Other Hardware
2) By Software: AI And Machine Learning Software, Image Processing Software, Data Analytics Software, Other Software
3) By Service: Consulting, System Integration, Support And Maintenance, Other Services
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Which Trends Are Expected To Transform The Agricultural Robot Market?
Leading enterprises in the agricultural robotics industry are concentrating on technology enhancements, such as electric and autonomous robots, to deliver precise weeding and device guidance. An autonomous and electric robot can navigate independently, achieving intricate tasks without constant human oversight or a non-stop connection to an electricity source. As an example, Naio Technologies, a company specializing in robotic manufacturing based in France, introduced a new agricultural robot named Orio in February 2022. Orio is a versatile robot suitable for various crops and tasks, presenting a green substitute to herbicides usage, showing respect for the soil, improving work conditions, and gathering smart farming data. It is a lightweight electric autonomous robot equipped with GPS and camera guidance, several sensors, and an AI-based algorithm. Naio Technologies offers Orio under a Robots as a Service (RaaS) model which provides growers with the advantage of in-row and inter-row weeding for vegetables and leafy greens, as well as precise seeding and fertilizing.
Who Are the Key Players In The Agricultural Robot Market?
Major companies operating in the agricultural robot market report are:
• Deere & Company
• Yamaha Motor Co. Ltd.
• AGCO Corporation
• Trimble Inc.
• RheinEnergie AG
• Carbon Robotics
• BouMatic Robots BV
• Nova-Tech Engineering
• Autonomous Solutions Inc.
• Clearpath Inc.
• CNH Industrial N.V.
• AeroFarms
• PrecisionHawk
• AgEagle Aerial Systems
• Monarch Tractor
• Tevel Aerobotics Technologies
• Harvest Automation Inc.
• Agrointelli
• Kind Technologies
• Abundant Robotics
• Demaitere B.V.
• Naio Technologies
• Auroras s.r.l.
• Blue River Technology Inc.
• Agribotix LLC
• Aigen Inc.
• PeK Automotive d.o.o
• 3D.aero GmbH
• FarmDroid
• Deepfield Robotics
What Is The Most Dominant Region In The Agricultural Robot Market?
North America was the largest region in the agricultural robot market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
