Agricultural Robots Market Outlook - 2023
The Global Agricultural Robots Market Size was valued at $2,927 million in 2016, and is projected to reach $11,050 million by 2023, registering a CAGR of 21% from 2017 to 2023.
Technological evolution has had an extensive impact on various industries such as packaging, food & beverage, healthcare, agriculture, and construction. With the continuous demographic surge, consumers demand for food is rapidly increasing. This has led to gradual adoption of technological solutions to catalyze the agricultural productivity by the agricultural industry.
Agricultural robots are gaining traction among the farmers, owing to the need for producing food products effectively and ensuring sustainability. These robots are deployed to speed the farming processes with minimal human interventions. Various agricultural robots are programmed to perform different farming processes such as field farming, dairy farming, seed sorting, soil management, and others. High requirement for modernized and sustainable farming processes to produce faster yields is expected to drive the global agricultural robots market over the forecast period.
The global agricultural robots market is driven by the large number of agricultural technology firms developing, experimenting, and launching a wide range of robotic systems designed for various agricultural purposes. Increase in population, rise in demand on food supply, high popularity of indoor farming, frequent climate variations, and surge in adoption of automation technology are expected to boost the global agricultural robots market growth in the future. However, the global agricultural robots industry is expected to witness few challenges such as limited awareness about agricultural robots among the farmers, and inability of the robots to match up to human human-like dexterity impede this growth. Adoption of telematics sensors can be a potential opportunity for the global market.
The global agricultural robots market is segmented on the basis of type, application, and geography. On the basis of type, the global agricultural robots market is classified into driverless tractors, unmanned aerial vehicles (UAVs), milking robots, automated harvest robots, material management, and others (animal management and forest management). Based on application, the global agricultural robots market is divided into dairy management, irrigation management, harvest management, soil management, inventory management, and others (field mapping and pruning management). Geographically, the global agricultural robots market trends is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
Top Impacting Factors
Factors contributing the demand for global agricultural robots market forecast include increase in adoption of automation technology, growth in demand for food and feed, rise in popularity of indoor farming and weather uncertainties. The economic progress is driven by the increase in population in the urban areas and the suburbs. This scenario results into an increased demand for food production.
With an aim to meet the rapidly increasing demands for food and ensure no food scarcity, the agricultural industry is increasingly deploying agricultural robots. The concept of indoor farming is emerging owing to its ability to increase the local food supplies and offer fresh produce to the consumers.
Thus, the global agricultural robots market has witnessed high proliferation in the indoor farming process to effectively manage the yields and other farming processes. The automation technology has highly impacted various industries by easing out the industrial processes and eliminating the need for human interferences. The agricultural industry is expected to be benefitted by the introduction of agricultural robots. Continuous and unexpected climate variations are a major challenge for the farmers; thus, the introduction of agricultural robots serves as a boon for the agricultural industry.
The key players operating in the global agricultural robots market are DeLaval, GEA Group, Autonomous Tractor Corporation, AGCO, Lely, Autonomous Solutions Inc., Harvest Automation, John Deere, Clearpath Robotics, and Deepfield Robotics. These market players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry.
Key Benefits for Agricultural Robots Market:
- The study provides an in-depth analysis of the global agricultural robots industry and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market is provided.
- Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global agricultural robots market from 2017 to 2023 is provided to determine the market potential.
- The report includes the agricultural robots market share of key vendors and market trends.
Agricultural Robots Market Report Highlights
| Aspects | Details |
 By TYPE |
|
 By APPLICATION |
|
 By GEOGRAPHY |
|
 Key Market Players | LELY, DELAVAL, GEA GROUP, DEEPFIELD ROBOTICS, AUTONOMOUS TRACTOR CORPORATION, HARVEST AUTOMATION, AGCO, AUTONOMOUS SOLUTIONS INC., CLEARPATH ROBOTICS, JOHN DEERE |
Analyst Review
The agricultural industry is adopting precision agricultural methods by deploying agricultural robots to achieve higher yields. The global agricultural robots market is subjected to witness significant growth owing to rapid increase in population and their demand for food, unexpected climate variations, rise in adoption of indoor farming, and significant transition to automation technologies.
North America accounted for a dominant market share of 37.04% in the global agricultural robots market in 2016, owing to its significant adoption of automated technologies to speed up agricultural produce. However, Asia-Pacific is expected to witness the highest growth rate of 24.5% in global agricultural robots market the during the forecast period, owing to the surge in population leading to high food demand, and gradual adoption of automated technologies by industries. Moreover, increase in rate of migration from rural areas and urbanization are expected to boost the global agricultural robots market growth.
Among the various types of agricultural robots accessories, milking robots held a major share of 28.1% in 2016 and are expected to dominate in the future. Driverless tractors are gaining increasing application in the agricultural industry due to their ability of planting and seeding for row and extended acre farming.
The dairy management application of global agricultural robots market accounted for the highest market share of 29.13% in 2016, and is expected to continue to lead the global market during the forecast period. It is expected to witness the highest CAGR of 22.1%, followed by soil management.
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