IMARC Group, a leading market research company, has recently releases report titled “Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global agricultural robots market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Agricultural Robots Market?
Report Attributes
Details
Market Size in 2022
US$ 7.6 Billion
Market Forecast in 2028
US$ 21.1 Billion
Growth rate (2023 to 2028)
CAGR of 18.42%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What are Agricultural Robots?
Agricultural robots are automated machines specifically engineered to assist in a range of agricultural tasks, thereby revolutionizing traditional farming methods. These robots are characterized by their versatility, as they are designed to conduct various operations such as planting, harvesting, weeding, and environmental monitoring. Equipped with advanced features like global positioning systems (GPS), machine vision, and sensors for soil and moisture analysis, they offer precision and efficiency in resource management. For instance, some agricultural robots have machine-learning algorithms that allow them to distinguish between crops and weeds, ensuring targeted application of herbicides. Their IoT capabilities enable real-time data collection, which can be remotely accessed for timely decision-making. This data-centric approach also supports predictive analytics for better yield management and resource allocation. Agricultural robots present a harmonious blend of technology and agriculture, aimed at making farming more efficient, sustainable, and profitable.
What are the Growth Prospects and Trends in the Agricultural Robots Market?
The escalating need for sustainable and efficient agricultural practices is driving the expansion of the agricultural robots market. Key participants such as farmers, agritech firms, and research institutions acknowledge the crucial role these robots play in optimizing crop yields and resource management, thereby fueling market growth. Agricultural robots are versatile, finding utility in various farming activities from soil analysis to harvesting, thus extending their market applicability. Technological breakthroughs are significantly influencing the sector, with innovations encompassing drone-based aerial surveillance, AI-driven crop diagnostics, and automated irrigation systems. Concurrently, R&D initiatives are increasingly directed towards developing robots with renewable energy sources, precision agriculture capabilities, and software solutions for comprehensive farm analytics. These concerted efforts are setting a favorable stage for the progressive evolution of the agricultural robot industry.
Who are the Key Players Operating in the Agricultural Robots Industry?
The report has also analysed the competitive landscape of the market with some of the key players.
Deere & Company
Trimble Inc.
Agco Corporation
Lely Holding S.À.R.L
AG Eagle LLC
Agribotix LLC
Agrobot
Harvest Automation
Naio Technologies
Precision Hawk
IBM
Agjunction, Inc.
DJI
Boumatic Robotics
B.V.
AG Leader Technology
Topcon Positioning Systems, Inc.
Autocopter Corp
Auroras S.R.L.
Grownetics Inc.
Autonomous Tractor Corporation.
What is Included in Market Segmentation?
The report has categorized the market based on product type, application and offering.
Breakup by Product Type:
Unmanned Aerial Vehicles (UAVs)/Drones
Milking Robots
Automated Harvesting Systems
Driverless Tractors
Others
Based on Application:
Field Farming
Dairy Farm Management
Animal Management
Soil Management
Crop Management
Others
Analysed by Offering:
Hardware
Software
Services
Regional Insights:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Key Highlights of The Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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