Agriculture Robots Market Analysis
The agriculture robots market will touch USD 27.32 billion at a favorable 29.44% CAGR by 2026, states the latest Market Research Future (MRFR) report.
Drivers
Increasing Demand for Food Supply to Boost Market Growth
The increasing demand for food supply will boost the market over the forecast period. Through robots, the work in agricultural farms can be performed faster and receive the cultivated food in a minimum time span.
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Opportunities
Growing Use of Precision Agriculture to offer Robust Opportunities
The growing use of precision agriculture especially among farmers to collect and process data helps to make better decisions on harvesting, planting, and fertilizing crops which will offer robust opportunities for the market over the forecast period. This technique has good potential to improve crop yields and profits and resolving the water and food crises.
Restraints
Concerns over Regulations to act as Market Restraint
The concerns over regulations and data privacy coupled with the high cost of the agricultural robots may act as market restraints over the forecast period.
Challenges
Lack of Understanding about Robot Operation to act as Market Challenge
The lack of understanding of new techniques and the operation of these robots may act as market challenge over the forecast period.
Agriculture Robots Market Segmentation
The global agriculture robots market is bifurcated based on robot type, farm type, farm produce, and application.
By robot type, the UAV segment will lead the market over the forecast period for its affordability, small size, and wide applications.
By farm type, the outdoor segment will dominate the market over the forecast period for its immense popularity. Some of the most common outdoor farming robots include weeding robots, fruit harvesters, and driverless tractors.
By farm produce, the field crops segment will spearhead the market over the forecast period. It deploys auto-steering systems and autonomous robots.
By application, the field farming segment will have the lions share in the market over the forecast period followed by the harvest management segment.
Agriculture Robots Market Key Players
Eminent industry players profiled in the agriculture robots market report include Deere Company (US), Trimble (US), AGCO Corporation (US), DeLaval (Sweden), DJI (China), Boumatic Robotics (Netherlands), Lely (Netherlands), AgJunction Inc. (US), Topcon Positioning Systems, Inc. (US), AgEagle Aerial Systems, Inc. (US), and Yanmar Co. (Japan).
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Agriculture Robots Market COVID-19 Analysis
The COVID-19 outbreak had a mixed impact on different agricultural robots. On the one hand, the market for the milking robots was affected due to supply chain disruptions that caused a greater impact on dairy products for their perishable nature. The market for automated harvesting systems and UAVs on the contrary has not been affected much. Agricultural robots are likely to experience high growth with farmers looking to reducing their dependency on manual labor and embracing automation to a higher degree. Thus the overall market is likely to pick up from 2021 onwards.
Regional Analysis
Europe to Maintain Winning Streak in Agriculture Robots Market
Europe will maintain its winning streak in the agriculture robots market over the forecast period. Increasing population in Europe, decreasing arable lands, increasing use of indoor farming robots in Germany, the presence of major manufacturers, the region being a leading adopter and producer of unmanned aerial vehicles, driverless tractors, and other agricultural technologies, investments in latest agro-technology such as automated systems and robots to reduce labor costs, improve agricultural production, and advance large-scale farming operations, and vast technological advances are adding to the global agriculture robots market growth in the region.
