Meticulous Research ® has published its latest report titled 'Agricultural Robotics Market by Offering (Hardware, Software), Deployment (Indoor, Outdoor), Automation Type (Automated, Semi-automated), and End Use (Crop Farming, Livestock, Forestry, Fishery), and Region - Global Forecast to 2031.’
Meticulous Research ® states that the agricultural robots market is expected to reach $28.2 billion by 2031, with a CAGR of 16.6%. The market volume is projected to reach 30,416,340 thousand units by 2031, with a CAGR of 8.6%.
The market growth is driven by the adoption of drones for smart farming, population growth, labor shortages, and government initiatives. High implementation costs are a significant barrier.
AI integration in agricultural robots presents growth opportunities, but the lack of technical knowledge among farmers and data privacy concerns pose challenges.
The market is categorized by offering (hardware, software, services), deployment (indoor, outdoor), automation type (automated, semi-automated), and end use (crop farming, livestock, forestry, fishery). The report also evaluates competitors and analyzes the market at regional and country levels.
Hardware is expected to dominate with over 88% market share in 2024, driven by livestock management robots and rapid agricultural automation. MetoMotion (Israel) launched an AI robot for tomato picking in February 2023. This segment is projected to have the highest CAGR.
The outdoor segment is anticipated to hold the largest share of over 89% in 2024 due to population growth, labor shortages, and the need for climate monitoring. Clearpath Robotics Inc. (Canada) introduced OutdoorNav Navigation Software in October 2022 for GPS-based navigation. This segment is projected to have the highest CAGR.
Automated systems are forecasted to dominate with over 81% share in 2024 due to the integration of digitalization, automation, and AI in agricultural robots. Naio Technologies (France) launched Orio, an autonomous robot for large-scale vegetable farming, in February 2022. This segment is projected to grow at the highest CAGR.
Crop farming is expected to lead with over 56% share in 2024, driven by labor costs, population growth, and the need for yield quality improvement. AGCO Corporation (U.S.) partnered with Apex.AI, Inc. (U.S.) in June 2022 to enhance its autonomous farming robot, Fendt Xaver, with new safety features.
The livestock segment is projected to grow the fastest, driven by the need for livestock monitoring, disease detection, and labor shortages. DeLaval (Sweden) introduced OptiDuo, a feed-pushing robot, in December 2022 to improve milk production.
Europe is expected to dominate with over 34% share in 2024, driven by innovations in agri-tech, food supply chain pressures, and government initiatives. The European Union funded the Robs4Crops project in January 2021 to accelerate farming robotics.
Asia-Pacific is projected to achieve the highest CAGR of over 18.8%, driven by smart device adoption, food quality demands, precision farming, government initiatives, and the rise of new start-ups. Countries like China, India, and Japan are enhancing agriculture profitability through automation.
Key Players
The key players operating in the agriculture robots market are Yanmar Holdings Co., Ltd. (Japan), AgEagle Aerial Systems Inc. (U.S.), Lely International N.V. (Netherlands), BouMatic (U.S.), DJI (China), Deere & Company (U.S.), XAG Co., Ltd. (China), Clearpath Robotics Inc. (Canada), Naio Technologies (France), Robotics Plus Limited (New Zealand), GEA Group Aktiengesellschaft (Germany), DeLaval (Sweden), and Small Robot Company (U.K.).
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5616
Key Questions Answered in the Report:
• What are the high-growth market segments in terms of the offering, deployment, automation type, and end use?
• What is the historical market size for the agriculture robots market?
• What are the market forecasts and estimates for 2024–2031?
• What are the major drivers, restraints, opportunities, challenges, and trends in the agriculture robots market?
• Who are the major players in the agriculture robots market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the agriculture robots market?
• What are the different strategies adopted by major market players?
• What are the trends and high-growth countries?
• Who are the local emerging players in the agriculture robots market, and how do they compete with other players?
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research