Agricultural Robots Market: A Look at the Industry's Growth and Future Prospects

The global agricultural robots market size was USD 6.94 Billion in 2021 and is expected to register a revenue CAGR of 34.4% during the forecast period, according to latest analysis by Emergen Research. Growing population stimulates demand for food and this factor is driving agricultural robot market revenue growth. Increasing population growth is driving demand for food production and supply and this is driving deployment of agricultural robots in various countries. Global population is rising, but there is still a sharp decline in labor force in the agricultural sector. Moreover, agricultural robots keep a check on crops and can monitor for various types of pests and insects. Demand for modernized farming processes supported by government offers and subsidies to farmers are factors expected to continue driving market revenue growth.

Reports about the global agricultural robots market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfoliosagricultural robots industry projections and qualitative and quantitative assessments have been provided by the report's authors. The SWOT analysis and Porter’s Five Forces Analysis are some of the most important components of this report that provide insight into the highly competitive environment of the industry. A detailed analysis of the global agricultural robots market is presented in the report, including North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Aside from revenue growth drivers & restraints, production & consumption patterns, changing consumer preferences, and stringent regulatory standards, this report also examines other key aspects of regional markets.

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Competitive Terrain:

The global Agricultural Robots industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The Leading Market Contenders Listed In The Report Are:

Trimble Inc., Deere & Company, AGCO Corporation, Lely, Ag Leader Technology, AgEagle Aerial Systems, Inc., Topcon, DeLaval, BouMatic, and Agjunction

Some Key Highlights from the Report

• Indoor segment revenue is expected to expand at a steady rate during the forecast period. Indoor farming robots comprise 3D cameras, which are capable of capturing information from modules placed in front of them and help in plant harvesting, inspection, and sowing. Furthermore, indoor farming robots are capable of identifying pests and diseases, and alerts enable safeguarding crops against damage and improving plant health.
• Hardware segment revenue is expected to expand at a rapid rate over the forecast period. Rising deployment of cost-efficient Internet of Things (IoT) based technologies and sensors to produce superior quality crops are expected to drive revenue growth of this segment. In addition, various types of hardware such as driverless tractors and UAVs can be operated autonomously with the help of Global Positioning System (GPS).
• Asia Pacific market revenue is expected to register fastest growth rate over the forecast period. Increasing population in countries in the region coupled with shortage of farming labor work force are key factors driving market growth. In addition, depletion of arable land and water sources is supporting demand for agricultural robots in the region.
• On 7 February 2022, AGCO Corporation, which is a U.S. based agricultural machinery manufacturer, launched WR Series self-propelled windrower from Hesston by Massey Ferguson. It would offer comfort, power, and uptime to hay farmers. Additionally, it would increase overall efficiency by 10% over previous model to maximize power and speed of hay production. This newly launched WR Series consists of cutting-edge technologies of Massey Ferguson to offer comfortable rides and increased efficiency. Besides, this WR Series would save fuel up to 12% in fields.

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Segmentation

• Offering Outlook (Revenue, USD Million; 2019–2030)
• Hardware
• Software
• Service
• Farming Environment Outlook (Revenue, USD Million; 2019–2030)
• Indoor
• outdoor
• Type Outlook (Revenue, USD Million; 2019–2030)
• Milking Robots
• Unmanned Aerial Vehicles (UAVs) / Drones
• Driverless Tractors
• Automated Harvesting System
• Others

Regional Segmentation:

• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

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Report Highlights:

• Besides offering a vivid depiction of the global Agricultural Robots business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
• The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2030).
• The report scrutinizes the salient factors influencing the growth of the market in the near future.
• The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8 year analysis of the Global Agricultural Robots Market
• Critical assessment of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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