Agricultural Robots Market Size, Share & Trends Estimation Report By Type(Driverless Tractors, Unmanned Aerial Vehicles UAV/Drones, Automated Harvesting Systems),By Application(Soil Management, Harvest Management, Dairy Farm Management),By Region, And Segment Forecasts, 2023 - 2030
The global Agricultural Robot Market size was USD 4.81 Billion in 2022 and is expected to register a revenue CAGR of 19.3% during the forecast period.
Agricultural Robot Market Overview:
The need to automate repetitive and slow tasks for farmers and growing interest in increasing yields of crops, vegetables and fruits across the globe are key factors driving agricultural robot market revenue growth. Automation is being encouraged by growing population and decreasing availability of farm workers, which is driving revenue growth in the market. A growing world population is driving steady food demand and agricultural robots could help alleviate worker and labor shortages.
Labor shortage is a key factor expected to underpin the revenue growth of the global agricultural robot market going forward. Younger populations are less likely to engage in the agricultural sector for better career choices and goals. This is reducing the availability of manual labor and increasing the demand and employment for agricultural robots. Additionally, rising labor wages due to inflation are opening up prospects for robotics and automation over the forecast period. According to the Farm Labor Survey (FLS), farm wages have increased by 2.9% per year over the past five years. This is encouraging farmers to adopt AR because many devices are more cost-effective and reliable than human labor, and AR also reduces error rates.
Farmers are adopting modern farming techniques for more efficient farming and must meet increasing demand to feed a growing world population. Farmers are using a variety of modern agricultural technologies, such as drone imaging technology with multispectral and advanced photo cameras that can monitor crop stress, plant growth, spraying, and weeding robots. Directly on the weed itself, not on the plant. Tractors with auto-steer and auto-navigation are equipped with GPS to increase farmer convenience and speed up work. Farmers are also adopting agricultural robots as the number of greenhouses increases and preferences for organic foods and grains change. Most AR devices are capable of high productivity and can perform difficult tasks and heavy lifting with high accuracy. Advances in AR technology are also affecting farmers. On April 13, 2021, Carbon Robotics launched its third generation of autonomous weeding robots into the agricultural sector. Autonomous mowers use robotics, artificial intelligence (AI) and laser technology to identify, target and remove weeds in fields in a safe and effective way.
Agricultural Robot market size, estimates and forecasts are provided in terms of sales volume (K Units) and revenue (million USD) considering 2021 as the base year, along with historical and forecast data for the period 2017 to 2030. This report classifies the global agricultural robot market in detail. Regional market size associated with products by type, application, and player is also provided. We estimated the market size by considering the impact of COVID-19 and the Russo-Ukrainian War.
Key Market Updates:
- In August 2021, John Deere acquired Bear Flag Robotics for US$250 million. Bear Flag Robotics was founded in 2017 and specializes in autonomous farming heavy machinery.
- In July 2021, AGCO Corporation launched a pilot of the Precision Ag Line (PAL) program, a tool designed to streamline support services for agricultural customers using AGCO solutions with mixed fleet operations. PAL uses products from popular AGCO brands such as Challenger, Fendt, Gleaner, Massey Ferguson and Precision Planting to make precision farming expertise available to farmers.
Major Market Segments Covered in Agricultural Robot Industry Research:
Market Key Players:
Agribotix, Lely Holding, Agco Corporation, Deere & Company, DJI, Auroras, Topcon Positioning Systems, Autonomous Tractor, Blue River, AG Leader, Boumatic Robotics, Agjunction, Autocopter, Trimble, Grownetics, AG Eagle, and Others.
- Driverless Tractors
- Unmanned Aerial Vehicles UAV/Drones
- Automated Harvesting Systems
- Milking Robot
The milking robot segment held the largest revenue share in 2021 due to advantages such as cost effectiveness, greater flexibility and higher milking frequency compared to conventional milking processes. Conventional milking processes require minimal manual intervention, allowing agricultural robot automation to take on repetitive and heavy task management and complete tasks more efficiently and in less time.
- Soil Management
- Harvest Management
- Dairy Farm Management
- Field Farming
The dairy and livestock management segment accounted for the largest revenue share in 2021. Growing demand for dairy products is driving the demand for agricultural robots in dairy management and related applications. The robot has the ability to monitor the health of cattle and help reduce the spread of disease among farm animals.
North America is expected to dominate the agricultural robot industry during the forecast period. There are many farmers in this region who are adopting automated farm vehicles. The North American market is witnessing continued investment in the technology sector and is advancing in terms of automation. Additionally, government initiatives favoring agriculture are considered to be a major driving force for the North American agricultural robot market. The region generated revenue of $1,469.8 million in 2018 and is expected to grow at a CAGR of 18.9%.
The Asia Pacific market is considered to have the highest agricultural robot market growth rate in the global market. Increasing use of automation in the agricultural sector and favorable government initiatives such as subsidies will drive the APAC market over the forecast period. The Asia-Pacific agricultural robot market size is projected to grow at a CAGR of 19.7% by generating revenue of $3,798.3 million by 2026.
Key Agricultural Robot Market Driver
The agricultural industry is under pressure from growing global populations and demands for increased productivity in existing farm areas. Certain factors such as changing demographics and urbanization are now affecting the agricultural industry. Agriculture, especially in the United States and the United Kingdom, is highly dependent on migrant workers, and similar trends are observed in other developed countries. According to World Bank data, agricultural employment has declined by 15% globally over the past decade. Labor shortages have become a global problem, and the supply of manual labor is further constrained by the aging of the peasant population. The younger generation does not want to farm, and children of farming families often migrate to the cities for better job prospects. This has forced existing farmers to work on the field for long periods of time.
Key Agricultural Robot Market Restraints
Small farms have been largely left behind by successive waves of automation that include agricultural robots. Tractors with autopilot can cost upwards of US$100,000 and often do not provide a sufficient return on investment (RoI) for small farmers. Although autonomous steering and drone technology are relatively mature and are among the cheapest automation solutions, their spread to small farms is not yet widespread. For example, for small farms ranging from 10 to 1,000 acres, the penetration rate of automated steering technology is only about 10% worldwide (or about 1 million out of 10 million farms). These farms are expected to fall further behind in terms of technology with the introduction of more specialized and expensive robots and software systems. This problem is particularly prevalent in developing countries such as India, China and Brazil. This is because of the lack of awareness of technology and technology among farmers. In response, many agricultural machinery manufacturers have begun leasing equipment rather than narrowing consumers down to one-time purchases.
Key Agricultural Robot Market Opportunities
The use of multimodal or heterogeneous platforms combining ground-based and airborne vehicles provides opportunities for target support, intelligence and mission planning. Collaboration and cooperative behavior between different robots is advantageous for large-scale agricultural and dairy operations, as tasks can be performed in parallel, providing better economies of scale. Different types of robots and autonomous systems can now be integrated in a systematic approach. For example, UAVs or drones are great platforms for aerial monitoring, but their payload, operating time and robustness are limited, making them less suitable for performing ground operations such as spraying. Therefore, ground and air vehicles must be coordinated to perform their respective tasks. Controlling multiple robots through a centralized software platform will greatly benefit large-scale farm automation. Players in the agricultural robotics market are expected to widely adopt this kind of systems during the forecast period, as multimodal robotic systems can operate swarms of robots on farms to simultaneously perform different agricultural applications such as spraying and weeding. Investments in multi-modal systems are expected to broaden players' revenue streams in the agricultural robot market.
Agricultural Robot Market report scope:
|Units||Value (USD Billion)
|Growth Rate||CAGR of 19.3% from 2023 to 2030|
|By Companies||Agribotix, Lely Holding, Agco Corporation, Deere & Company, DJI, Auroras, Topcon Positioning Systems, Autonomous Tractor, Blue River, AG Leader, Boumatic Robotics, Agjunction, Autocopter, Trimble, Grownetics, AG Eagle, and Others.|
|Reasons to Purchase this Report||
Key Takeaways from this Agricultural Robot Report
- Estimate Agricultural Robot market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Agricultural Robot market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.