IMARC Group, a leading market research company, has recently releases report titled “Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global agricultural robots market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Agricultural Robots Market?
The global agricultural robots market size reached US$ 7.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.1 Billion by 2028, exhibiting a growth rate (CAGR) of 18.42% during 2023-2028.
What are Agricultural Robots?
Agricultural Robots refer to automated machinery designed specifically to perform tasks in the agriculture sector, encompassing activities such as planting, harvesting, weeding, and monitoring crops. The characteristics of Agricultural Robots include the ability to operate in various agricultural environments, precision in task execution, adaptability to different crops, and integration with modern farming technologies. The features of Agricultural Robots encompass autonomous operations, real-time data collection, efficiency in resource usage, and alignment with sustainable farming practices. Modern agricultural robots also include the leveraging of advanced technologies like AI, machine learning, and GPS to enhance productivity, reduce labour dependency, and enable smart farming.
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What are the Growth Prospects and Trends in the Agricultural Robots Market?
The ongoing need for modernization in agriculture, especially in emerging economies, is one of the key factors driving the growth of the Agricultural Robots market. In line with this, the growing demand for high-quality, scalable farming solutions that can cater to global food requirements is significantly contributing to market expansion. Furthermore, the ability of Agricultural Robots to optimize farming practices, minimize waste, and promote sustainability is augmenting market growth. Besides this, the global focus on reducing the environmental impact of agriculture and enhancing food safety has escalated the demand for sophisticated robotic solutions. This factor, coupled with the rising labour costs and the need for precision agriculture, is stimulating market growth. Moreover, the expansion of large-scale commercial farming and increased investments in research and development are accelerating market expansion. The growth of the global economy, coupled with governmental policies supporting agricultural innovation and sustainability, is creating a favorable market outlook. Other factors, such as collaboration between technology companies and agricultural entities, the emergence of startups specializing in Agricultural Robots, and increased adoption of Internet of Things (IoT) in agriculture, are propelling market growth globally.
Who are the Key Players Operating in the Agricultural Robots Industry?
The report has also analysed the competitive landscape of the market with some of the key players.
- Deere Company
- Trimble Inc.
- Agco Corporation
- Lely Holding S.À.R.L
- AG Eagle LLC
- Agribotix LLC
- Agrobot
- Harvest Automation
- Naio Technologies
- Precision Hawk
- IBM
- Agjunction, Inc.
- DJI
- Boumatic Robotics
- B.V.
- AG Leader Technology
- Topcon Positioning Systems, Inc.
- Autocopter Corp
- Auroras S.R.L.
- Grownetics Inc.
- Autonomous Tractor Corporation.
What is Included in Market Segmentation?
The report has categorized the market based on product type, application and offering.
Breakup by Product Type:
- Unmanned Aerial Vehicles (UAVs)/Drones
- Milking Robots
- Automated Harvesting Systems
- Driverless Tractors
- Others
Market by Application:
- Field Farming
- Dairy Farm Management
- Animal Management
- Soil Management
- Crop Management
- Others
Breakup by Offering:
- Hardware
- Software
- Services
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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