Market Analysis
The global Agriculture Robots Market will touch USD 17.56 billion at a 13.64% CAGR by 2032, as per the recent Market Research Future report.
Key Players
Eminent industry players profiled in the agriculture robots market report include
- AGCO
- Autonomous Solutions Inc
- Autonomous Tractor Corporation
- Small Robot Company
- Deepfield Robotics
- Verdant Robotics
- GEA Group
- Harvest Automation
- John Deere
- Lely
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Drivers
Increasing Awareness about Smart Agriculture amid Farmers to Boost Market Growth
Smart agriculture is becoming more and more popular among farmers, which will probably spur market expansion. Using robotics, sensors, and location-based technology on a farm is referred to as smart agriculture. The usage of agricultural robots is rising as farmers become increasingly aware of smart agriculture. Smart agriculture uses agricultural robots to increase food output and food quality. All of these things will accelerate market expansion during the prediction period.
Opportunities
Diverse Applications to offer Robust Opportunities
The range of activities that farm robots are capable of carrying out is continually growing. Robots are being incorporated into different stages of the farming process, from planting and sowing through irrigation management, crop monitoring, and even autonomous driving.
Restraints and Challenges
Limited Awareness to act as Market Restraint
The limited awareness amid farmers about agricultural robots, inability of robots in matching up with human-like dexterity, and high cost may act as market restraints over the forecast period.
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Market Segmentation
The agriculture robots market is bifurcated based on application and type.
By type, automated harvest robots will lead the market over the forecast period.
By application, soil management will domineer the market over the forecast period.
COVID-19 Analysis
The manufacturing and distribution of farm robots may have been impacted by COVID-19’s supply chain interruptions, which might have delayed product introductions and delivery. In certain areas, the pandemic could have sped up the adoption of agricultural robots as farmers looked for methods to continue their operations in the face of scarce labor. As a reaction to the difficulties caused by COVID-19, certain areas may have made regulatory modifications or incentives to encourage automation in agriculture.
Regional Analysis
North America to Head Agriculture Robots Market
North America has the biggest market for agricultural robots. In the US, the maximum drones are utilized for livestock and agricultural management. Drones are employed in the US for a variety of purposes, including planting, pesticide application, crop monitoring, & irrigation control. Additionally, the nation has a lot to gain from milking robots. According to Lely, a market leader in milking robots, 5% of all dairy farms in the U.S. now use milking robots, & that amount is expected to increase by 20% to 30% in the near future. Canada has also demonstrated potential as the market for automated tractors and milking robots. Due to a growing labor scarcity, high labor expenses in the area, & high per-capita disposable income, the market in the region is pushed by a larger use of innovative technologies. Some of the elements influencing the expansion of the region include the growing government support for the use of agricultural robots, such as unmanned aerial vehicles, autonomous tractors, & other agriculture systems in order to offer smart farming.
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