Agricultural Robots Market

Fueled by the adoption of advanced technology in agriculture, adoption of modern agriculture and rise in population migration towards urban centers, the global agricultural robots market is anticipated to gain traction during coming years.

Though agricultural robots are deployed across select geographies globally, the demand for robots to accomplish tasks such as nursery planting, crop seeding, crop monitoring & analysis, fertilizing & irrigation, crop weeding & spraying, milking, and picking & harvesting is fueling the global agricultural robot market growth.

Additionally, the accuracy and precision of agricultural robots plays a crucial role for deployment in crop fields requiring delicacy in picking up or harvesting yields. With continual development and adoption of advanced technologies such as Artificial Intelligence, the demand for agricultural robot is anticipated to ramp up during forecast period.

North America dominated the global agricultural robot market and is anticipated to be the leading geography during forecast period owing to adoption of robots in combined agriculture fields. Moreover, increasing investment on research and development of advanced robotics is anticipated to fuel the growth of agriculture robots across the region. Asia Pacific is anticipated to be the fastest growing market growing at a CAGR of 22% (approx.) during forecast period.

The report titled “Agricultural Robots Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period.

Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global agricultural robots market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study.

For instance, CNH Industrial reported revenues of US$ 29,736 Million in 2018 and the segment and geographic analysis of the company indicates that Agricultural Equipment business segment is the dominating segment of the company, with EMEA and North America being the major revenue generating region.

The agricultural robots market study is segmented based on component, type, farming environment, produce type, application, and geography. Based on component, the market is segmented into hardware, software, and services. The hardware is further sub-segmented into automation & control systems, and sensing & monitoring devices. Similarly, services are further sub-segmented into system integration & consulting services, maintenance & support, and others. Based on type, the global agricultural robot market is segmented into unmanned aerial vehicles (fixed wing, rotary blade, & hybrid), milking robots, driverless tractors, automated harvesting systems, and other. Based on farming environment, the market is segmented into indoor farming and outdoor farming. On the basis of produce type, the market is segmented into fruits & vegetables, field crops, livestock, and others. Based on applications, the market is segmented into harvest management, field farming, dairy & livestock management, soil management, irrigation management, pruning management, weather tracking & monitoring, inventory management, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Additionally, the study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on agricultural robots. Further, market share of company in the global agricultural robots market would also be calculated. For instance, CNH Industrial operates through five business segments namely Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services. Moreover, Agricultural Equipment business segment of the company deals with agricultural robots, with a revenue contribution of US$ 11,786 Million.

The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the agricultural robots developing companies. Furthermore, the global agricultural robots market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.

Product portfolio would focus on all the products under the agricultural robots business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global agricultural robots marketplace.

For instance, the research and development spending of CNH Industrial increased by 11% along with a 13% increase in investment in new products and technology from 2017 to 2018. The key players in the global agricultural robots market are focused on developing advanced robotic systems in order to gain competitive edge in the global market.

Major players operating in the global agricultural robots market include AGCO Corporation, AgEagle Aerial Systems Inc., Agrobot, Blue River Technology (Deere & Company), Harvest Automation, IBM, Lely, Naïo Technologies, New Holland Agriculture (CNH Industrial), Precision Hawk, and Trimble Inc.

Market Segmentation:

By component

• hardware
• software
• services

By type

• unmanned aerial vehicles
  • fixed wing
  • rotary blade
  • hybrid
• milking robots
• driverless tractors
• automated harvesting systems
• other

By farming environment

• indoor farming
• outdoor farming

By produce type

• fruits & vegetables
• field crops
• livestock
• others

By application

• harvest management
• field farming
• dairy & livestock management
• soil management
• irrigation management
• pruning management
• weather tracking & monitoring
• inventory management
• others

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America