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Agriculture Robots Market : Global Demand Analysis & Opportunity Outlook 2024

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Extensive insights into the Growth of Agriculture Robots Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Agriculture Robots Market Overview

Agriculture robotics is a combination of advance sensing, mobility, navigation, computing and interaction technologies.  This robotics is used for efficient and cost effective production of grains, vegetable, fruits and other agricultural products. Agriculture robotics is very advanced robotic technologies which include farmer robots that can perform various farming works such as cultivation and harvesting of vegetables, rice, fruits and others. Agriculture robots or agbots performs various works which are very difficult for humans to do. Use of robotics in agricultural sector has improved overall production and quality of the products. Soil monitoring, proper irrigation, precise weeding and design of cultivated field are some of the major areas on which agriculture robots work.

Market Size & Forecast

Global agriculture robots market is anticipated to flourish at a compound annual growth rate (CAGR) of 21.1% over the forecast period 2017-2024. Global agriculture robot market stood at valuation of USD 3.2 Billion in 2016 and is expected to reach at a valuation more than USD 16.2 Billion by the end of 2024. Rising population coupled with increasing demand for food is the major factor fostering the growth of global agriculture robot market over the forecast period.

Agriculture robots market

Geographically, global agriculture robots market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America region is dominating the global agriculture robots market and has captured highest share among all regions. Agriculture robots market in North America region stood at a valuation of USD 225.5 Million in 2016. Further, North-America region is expected to continue its dominance over the forecast period on the account of the adoption of advanced robotics in agriculture sector. In terms of share, Europe region is the second biggest market of agbots and is anticipated to witness a remarkable growth over the forecast period. Moreover, agriculture robots market in Asia Pacific region is anticipated to flourish at a compound annual growth rate (CAGR) of 11.2% over the forecast period. Population growth, reducing farmable land and rising demand for grains & vegetables are driving the growth of agriculture robots market in Asia Pacific region. Middle East & Africa and Latin America regions are also envisioned to witness a satisfactory growth over the forecast period.CLICK TO DOWNLOAD FREE SAMPLE REPORT

Market Segmentation       

Our-in depth analysis of the global agriculture robots market includes the following segments:

By Product

  • Driverless Tractors
  • Milking Robots
  • Potato Sorting System
  • Unmanned Aerial Vehicles
  • Others

By Application

  • Field Farming
  • Soil Management
  • Crop Management
  • Grafting
  • Nursery Operations
  • Pruning
  • Thinning
  • Weeding
  • Others (Potting and others)

By Region

Global agriculture robots market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers & Challenges

Increasing population and rising demand for food, grains, vegetables and other agricultural products are some major factors driving the growth of global agriculture robots market. Rising adoption of agriculture robots in agriculture sector has improved the quality and quantity of production of grains, vegetables and fruits. Involvement of agriculture robots in agriculture sector has reduced the human intervention as well as human errors. Considering above factors, global agriculture robots market is expected to witness a robust growth in near future.

Agriculture robots offer various advantages over farming done by human such as harvesting and cultivation of complete land without any error.  Due to internet access, they easily forecast weather conditions and work accordingly. Moreover, agriculture robots such as driverless tractors and Oz are some of very advanced agriculture robots which work without any human intervention. Availability of such advance agricultural robots is expected to grow the market of agricultural robots over the forecast period.

Decreasing farmable land and ability of agriculture robots to produce satisfactory amount of grains, vegetables and fruits are some major drivers to the growth of global agriculture robots market. Development of advanced agriculture robots which are used for precise farming such as berry nice robot and others are expected to foster the growth of global agriculture robots market in near future.

However, high cost of agriculture robots is a major challenge which is expected to restrain the growth of global agriculture robot over the forecast period. Apart from this, lack of knowledge about operation of agriculture robots among formers is likely to restrain the growth of agriculture robots market in near future.

Key Players

  • Agrobot
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Energid
  • Clearpath Robotics
  • Autonomous Solution
  • Wageningen UR
  • Agritronics
  • Kinze Manufacturing
  • Harvest Automation
  • ISO Group
  • Helper Robotech
  • Blue River Technologies
  • Vision Robotics

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global agriculture robots market is segmented as follows:

  • By Products Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 


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