Agriculture robots help optimize crop production by automating various agricultural tasks. Employing robotics and AI, these machines can perform complex agricultural operations with high accuracy and efficiency. From crop monitoring and harvesting to soil management and weed control, agriculture robots reduce costs and improve yields for farmers.
The global Agriculture Robots Market is estimated to be valued at US$ 13.24 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the growth of the agriculture robots market is the increasing adoption of precision farming techniques. Precision farming utilizes sensors, GPS technology and data analysis to optimize crop and soil management. Agriculture robots help increase precision by automating field monitoring, crop analysis and variable rate operations. They collect vast amounts of data on various field and crop conditions which is analyzed to identify yield limiting factors and apply inputs precisely as per requirement. This data-driven farming approach minimizes costs and wastage while boosting productivity and sustainability. The precision capabilities of agriculture robots are expected to further increase their adoption in the coming years.
Segment Analysis
The global agriculture robots market is dominated by the harvesting segment. Around 70% of the overall market share is captured by harvesting robots. Harvesting robots automate the entire process of crop picking and sorting. They leverage computer vision, sensors and algorithms to identify, pick and collect ripe crops efficiently. Compared to manual labor, harvesting robots can work 24/7 without tiring. Their utilization leads to minimal crop damage and higher yields. With rising labor costs and shortage of workforce for agriculture, harvesting robots are increasingly being adopted by farmers globally.
Key Takeaways
The global Agriculture Robots Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 13.24 Bn in 2023, growing at a CAGR of 6.5% during the forecast period.
Regional analysis- Europe dominates the global agriculture robots market with over 30% market share currently. Countries like Germany, France and UK are pioneering the adoption of robotics in agriculture. High labor costs and focus on precision agriculture drive the demand for robots across Europe. Asia Pacific is expected to be the fastest growing regional market for agriculture robots during the forecast period, led by China, India and Japan. Increasing mechanization of farms and government support for smart farming will propel the APAC agriculture robots market.
Key players- Key players operating in the agriculture robots market include BASF SE, Eastman Chemical Company, Merck KGaA, Evonik Industries AG, Tokyo Chemical Industry Co., TCI America, MP Biomedicals, Santa Cruz Biotechnology, Inc., and Energy Chemical. These companies dominate the market with their wide product portfolio and global presence. Strategic partnerships and new product launches will remain key focuses for leaders to sustain their position in the highly competitive agriculture robots space.
Check below related articles on this topic : https://www.newsanalyticspro.com/agriculture-robots-market-driven-by-need-for-increased-farm-productivity/
https://shoutingstars.com/automotive-embedded-systems-future-of-in-vehicle-technology
The Agriculture Robots Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the agriculture robots market includes AGCO Corporation, Agribotix LLC, Autonomous Solutions, Inc., BouMatic Robotics B.V., CLAAS, CNH Industrial, Drone Deploy, GEA Group, Harvest Automation, Inc., and Trimble, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Agriculture Robots Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/agriculture-robots-market/download-sampleMarket DynamicsThe rising application of robots to enhancing the agricultural practice along with the growing technological innovation in agricultural equipment is expected to drive the market growth.
The growing need for monitoring yield in response to the growth in population base is another major factor pushing the market uphill.
Moreover, government support for the adoption of an advanced technique for agriculture to increase the productivity is further adding impetus growth to the market.
However, high initial capital cost of such technology is likely to restrain the market.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
