New York, Feb. 14, 2024 (GLOBE NEWSWIRE) -- According to a Market.us report, the Agricultural Robot market size is expected to be worth around USD 86.5 billion by 2033, from USD 13.4 billion in 2023, and expected to rise at an astounding CAGR of 20.5% from 2023 to 2033.
The Agricultural Robot market refers to the industry that involves the development, manufacturing, and deployment of robotic systems and technologies specifically designed for use in agriculture. These robots are equipped with various sensors, actuators, and intelligent software to perform tasks related to cultivation, harvesting, monitoring, and other agricultural activities.
Agricultural robots, also known as robots or agri-robots, are designed to automate and enhance different aspects of farming processes, aiming to increase efficiency, reduce labor costs, and optimize resource utilization. These robots can operate in the field, greenhouse, or indoor environments, depending on the specific application.
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Key Takeaway
- Market Growth Projection: The Agricultural robot market is set to reach USD 86.5 billion by 2033, growing at an impressive CAGR of 20.5% from USD 13.4 billion in 2023.
- Primary Product Types: Milking Robots dominate, capturing 48.6% market share in 2023. Drones and driverless tractors experience substantial growth, driven by increased funding and industrialization.
- Offering Dynamics: Hardware constitutes over 55% of the market, featuring physical robots like automated tractors. Software is crucial for robot functionalities, while services ensure operational efficiency.
- Application Insights: Planting and Seeding hold a significant segment, emphasizing precision in crop distribution. Soil management experiences rapid growth due to mobile robots for fertilizing and weeding.
Factors Affecting the Growth of the Global Agricultural Robots Industry
- Technological Advancements: Rapid advancements in robotics, sensors, and AI contribute to the industry's growth by enhancing the capabilities and efficiency of agricultural robots.
- Labor Shortages: The increasing scarcity of manual labor in agriculture drives the adoption of robots to perform tasks such as planting, harvesting, and weeding, boosting overall productivity.
- Demand for Precision Farming: Growing emphasis on precision farming practices, requiring accurate and efficient crop management, drives the adoption of agricultural robots for tasks like planting, seeding, and fertilizing.
- Cost Efficiency: The need to optimize costs and improve operational efficiency encourages farmers to invest in agricultural robots, reducing dependency on manual labor and minimizing resource wastage.
- Global Population Growth: Rising global population leads to increased demand for food production. Agricultural robots help meet this demand by enhancing productivity and enabling more efficient farming practices.
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Top Trends in the Agricultural Robots Market
- Autonomous Farming Systems: Increasing adoption of fully autonomous farming systems, leveraging AI and robotics, for tasks such as planting, harvesting, and monitoring, enhancing overall operational efficiency.
- Multi-Functionality: Development of agricultural robots with multi-functional capabilities, allowing them to perform various tasks like planting, weeding, and spraying within a single robotic platform.
- Data-Driven Decision Making: Integration of advanced sensors and data analytics tools in agricultural robots to provide real-time data on crop health, soil conditions, and environmental factors, enabling informed decision-making.
- Artificial Intelligence (AI) Integration: Growing use of AI algorithms to enhance the decision-making abilities of agricultural robots, optimizing tasks based on real-time data and improving overall system intelligence.
- Collaborative Robotics (Cobots): Implementation of collaborative robots that can work alongside human farmers, assisting with tasks and improving the efficiency of labor-intensive activities.
Market Growth
- Increasing Demand for Precision Agriculture: Growing awareness of the benefits of precision farming, where agricultural robots play a pivotal role in optimizing resource usage, improving crop yields, and reducing environmental impact.
- Labor Shortages: The global agriculture industry faces labor shortages, prompting a shift towards automation. Agricultural robots address this challenge by performing tasks traditionally reliant on manual labor.
- Technological Advancements: Rapid advancements in robotics, AI, and sensor technologies enhance the capabilities of agricultural robots, making them more efficient, precise, and adaptable to various farming tasks.
- Government Support and Initiatives: Supportive policies, subsidies, and incentives from governments worldwide encourage farmers to invest in agricultural automation, boosting market growth.
- Focus on Sustainable Farming Practices: Increasing emphasis on sustainable and eco-friendly agriculture practices, with agricultural robots enabling precise application of resources, reducing waste, and minimizing environmental impact.
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Regional Analysis
North America dominates the drone market, accounting for 37% of global sales. Its adaptability to new technology makes it a crucial market. The Agricultural Robot Market's growth is influenced by the Federal Aviation Administration's regulatory shift, promoting commercial drone use. Drones offer imaging benefits, enhancing crop production and profitability for organizations.
Technology infusion is vital for agriculture, significantly improving profitability in developed countries through farm mechanization. Regional demand is rising with increased government support, exemplified by the Farm Advisory System in the European Union, guiding farmers on environmental rules. The EU's regulations on drone operations are expected to drive industry growth. Growing venture capital and agricultural industrialization will further boost segment demand.
Scope of the Report
| Report Attributes | Details |
| Market Value (2023) | USD 13.4 Billion |
| Forecast Revenue 2033 | USD 86.5 Billion |
| CAGR (2024 to 2033) | 20.5% |
| North America Share | 37% |
| Base Year | 2023 |
| Historic Period | 2018 to 2022 |
| Forecast Year | 2024 to 2033 |
Market Drivers
The rise of agricultural robots is a response to the challenges posed by a growing global population and escalating labor costs in the farming industry. As the demand for food increases, farmers are faced with the need to enhance production while dealing with limited labor availability and rising expenses. These robots automate crucial tasks like planting and harvesting, reducing dependence on human labor and boosting productivity, efficiency, and precision.
In regions like California, where farm wages can exceed USD 20 per hour, the appeal of agricultural robots is evident, addressing labor shortages and allowing skilled workers to focus on more diverse tasks. Major farming corporations are supporting startups in the agricultural robotics sector, investing in technology that drives innovation and solutions for the industry's evolving needs.
Restraints
The adoption of digitalization in agriculture faces a significant obstacle—the high costs associated with agricultural robots. Despite the potential benefits of increased efficiency and precision, the steep prices pose a challenge, especially for small and medium-sized farmers. The financial barriers created by initial investments and ongoing maintenance expenses contribute to a widening digital gap in the agricultural sector. Larger, financially equipped farms are reaping the benefits, leaving smaller farms behind.
Additionally, the high costs discourage the development of more affordable solutions by agricultural tech companies, limiting choices for budget-conscious farmers. To address this challenge, collaborative efforts involving governments, industry players, and research institutions are essential. Encouraging research and development in cost-effective robot technology and providing increased funding, subsidies, and incentives can help narrow the digital gap and unlock the full potential of digitalization in agriculture, fostering a more sustainable and inclusive transformation across the sector.
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Report Segmentation of the Global Agricultural Robots Market
Type Analysis
In 2023, Milking Robots emerged as the dominant force in the agricultural robot market, commanding a substantial 48.6% market share. These robots are transforming dairy farming through automated milking processes, enhancing efficiency, and optimizing herd management practices.
The drive for efficient agricultural drones has gained momentum with increased venture funding, prompting major manufacturers to focus on creating innovative solutions. Drones play a vital role in agriculture, capturing dynamic videos of harvesting systems, planting activities, and field scouting, thereby fueling demand within this segment.
Anticipated significant growth is forecasted for the driverless tractor segment. Autonomous tractors, capable of handling tasks like planting, seeding, and tillage in both row and broad-acre crop farming, are expected to witness increased adoption. The growth of this segment is attributed to the global trend of agricultural industrialization, with notable impacts in countries like India and China.
By Offering
In 2023, hardware emerged as the dominant force in the agricultural robot market, capturing a significant 55% market share. This category encompasses physical robots utilized on farms, including automated tractors, drones, and robotic arms.
Software, another pivotal element of the market, played a substantial role in the agricultural robot sector. Serving as the operational brains, it empowers the functionalities of these robots, enabling tasks such as data analysis, crop monitoring, and autonomous navigation.
Services, encompassing maintenance, repair, and support, also made a noteworthy impact. These services ensure the continuous operational efficiency of these advanced agricultural robots, providing farmers with essential assistance and expertise.
Application Analysis
In 2023, Planting and Seeding emerged as a significant player in the agricultural robotics market, capturing over 24.6% of the market share. These specialized robots excel in precision planting and seeding, optimizing crop distribution, and minimizing seed wastage.
The soil management segment is poised for rapid growth in the forecast period, driven by the increasing adoption of mobile robots for tasks such as fertilizing and weeding, contributing to more efficient farming practices.
Crop management applications, predominantly utilized by medium-sized to small-sized farms and horticulture, are experiencing growth. This trend is fueled by the growing awareness among farmers and the availability of software solutions for field surveys and data analytics.
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By Type
- Milking robots
- UAV
- Driverless tractor
- Materials management
By Offering
- Hardware
- Software
- Service
By Application
- Field farming
- Crop management
- Animal management
- Dairy management
- Soil management
Competitive Landscape
To expand their operation in foreign markets, the emerging market players are concentrating on development strategies. The businesses are involved in new product launches to expand their market share.
Some of the key market players include:
- Sanofi S.A.
- Anika Therapeutics, Inc.
- Seikagaku Corp.
- Zimmer Biomet
- Smith & Nephew PLC
- Ferring Pharmaceuticals B.V.
- Lifecore Biomedical
- LG Life Sciences Ltd.
- Fidia Farmaceutici S.p.A
- Hoffmann-La Roche Ltd.
Recent Development of the Agricultural Robots Market
- 2023, Advanced route planning technology was presented by Trimble in 2023. With the help of this software-based technology, Trimble end users and equipment producers may automate and optimize the trajectory, speed, and general route design of industrial equipment to boost productivity.
- In 2022, Precision spraying solution integration was announced by CNH Industrial and ONE SMART SPRAY. The integration of ONE SMART SPRAY is a crucial solution that will hasten the development of CNH Industrial’s automated and precise spraying capabilities. It will achieve this using several cameras that are mounted on the boom of a sprayer. Customers will receive selective spraying and weed identification using the green-on-green (plant on plant) and green-on-brown (plant on soil) methods.
By Geography
North America
- US
- Canada
Europe
- Germany
- France
- The UK
- Spain
- Italy
- Russia
- Netherland
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- New Zealand
- Singapore
- Thailand
- Vietnam
- Rest of APAC
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
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