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Agricultural robots: global market unit volume 2023-2030

Author : richa sinha | Published On : 29 Mar 2024

Agriculture Robots Market is projected to reach $23.9 billion by 2030, at a CAGR of 15.8% from 2023 to 2030. The growth of the agriculture robots market is driven by the rising adoption of drones for smart farming and increasing government initiatives supporting the agriculture sector. However, the high costs of implementing agricultural robots may restrain the market's growth.

Furthermore, the increasing integration of artificial intelligence into agricultural robots is expected to offer significant growth opportunities for the agriculture robots market. However, data privacy concerns may hinder the growth of this market.

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Meticulous Research® has segmented this market based on offering, deployment, automation type, end use, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Increasing Government Initiatives Supporting the Agriculture Sector Drive the Growth of the Agricultural Robots Market

Government bodies in developing countries have started creating awareness programs, reforming policies, and forming tie-ups with the private sector to encourage the adoption of robotic solutions and promote smart farming. For instance, in December 2022, the Department for Environment, Food & Rural Affairs (U.K.) partnered with UK Research and Innovation (UKRI) to provide USD 13.2 million (EUR 12.5 million) for funding agriculture and horticulture automation and robotics to boost productivity, reduce labor demand, and create more sustainable farming practices.

 

Also, in August 2022, India’s Ministry of Agriculture & Farmers’ Welfare announced various initiatives, including the National e-Governance Plan in Agriculture (NeGP-A), wherein funds are being provided to facilitate the use of modern technologies such as Artificial Intelligence (AI), Machine Learning (ML), robotics, drones, data analytics, and blockchain to encourage digital agriculture in the country. Such government initiatives are driving the adoption of agricultural robots among farmers, boosting the growth of this market.

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In 2023, the Hardware Segment is Expected to Dominate the Agriculture Robots Market

Based on offering, the global agricultural robot market is segmented into hardware, software, and services. In 2023, the hardware segment is expected to account for the larger share of the agriculture robots market. The segment’s large share is attributed to the increasing adoption of livestock management robots, rapid automation of agricultural processes, growing population, and shortage of labor.

The Outdoor Segment to Register the Highest CAGR During the Forecast Period

Based on deployment, the global agriculture robot market is segmented into indoor and outdoor agriculture robots. The outdoor segment is slated to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing population, shortage of labor, and increasing need to monitor weather and climatic changes for outdoor farming.

In 2023, the Automated Segment is Expected to Dominate the Agriculture Robot Market

Based on automation type, the global agriculture robots market is segmented into automated and semi-automated. In 2023, the automated segment is expected to account for the larger share of the agriculture robots market. The segment’s large share is attributed to the rapid adoption of advanced technology, shortage of labor, and increasing demand for automated robots in crop farming.

 

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The Livestock Segment to Register the Highest CAGR During the Forecast Period

Based on end use, the global agricultural robots market is segmented into crop farming, livestock, forestry, and fishery. The livestock segment is slated to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing need for livestock monitoring and disease detection, labor shortage, and the rising cattle population with increasing dairy farms.

 

Asia-Pacific to Register the Highest CAGR During the Forecast Period

Based on geography, the global agricultural robot market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this market is attributed to the increasing adoption of smart devices for agriculture, rising demand for enhanced food quality, growing adoption of precision farming & government initiatives, and the growing number of start-ups in the region.

 

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.).

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Scope of the Report:

Agriculture Robots Market Assessment, by Offering

  • Hardware
    • Semi/Autonomous Tractors
    • Drones/UAVs
      • Fixed-Wing Drones
      • Rotary Blade Drones
      • Hybrid Drones
    • Milking Robots
    • Harvesting Robots
    • Feeding Robots
    • Robot Accessories
    • Other Agriculture Robots Hardware
  • Software
  • Services
    • Consulting & Training Services
    • Installation Services
    • Maintenance & Repair Services

Agriculture Robots Market Assessment, by Deployment                                             

  • Outdoor
  • Indoor

Agriculture Robots Market Assessment, by Automation Type                                    

  • Automated
  • Semi-automated

Agriculture Robots Market Assessment, by End Use                                    

  • Crop Farming
    • Crop Monitoring
    • Harvesting & Picking
    • Irrigation Management
    • Crop Spraying
    • Weather Tracking and Monitoring
    • Inventory Management
    • Seed Planting
    • Other Crop Farming Applications
  • Livestock
    • Milking
    • Health Monitoring
    • Feeding
    • Inventory Management
    • Other Livestock Applications
  • Forestry
  • Fishery

Agriculture Robots Market Assessment, by Geography

  • Europe
    • Germany
    • Netherlands
    • U.K.
    • Russia
    • France
    • Italy
    • Spain
    • Sweden
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia & New Zealand
    • Indonesia
    • Rest of Asia-Pacific
  • North America
    • U.S.
    • Canada
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • Israel
    • South Africa
    • Rest of the Middle East & Africa

 

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