Agriculture robots are autonomous machines primarily used for tasks like weeding, spraying fertilizers and pesticides, monitoring & scouting, pruning and soil management in farms. They help increase productivity and optimize the usage of inputs like seeds, water, fertilizers through precision farming techniques. Precision agriculture techniques leverage information technology and sensors to automate farming activities. The growing use of techniques like GPS, GIS and variable rate technology has accelerated the adoption of robots for precision farming.
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:
The increasing adoption of precision farming techniques has been a key trend driving the growth of agriculture robots market. Precision farming techniques use drones, sensors and IoT to collect real-time data on soil moisture, fertility levels and crop yield. This data is then analyzed to apply optimal levels of inputs like water, seeds and fertilizers variable rates based on the field conditions. Agriculture robots help automate many of these precision farming activities like autonomous spraying and weeding. Their use has increased significantly as farmers recognize the productivity and cost benefits of precision agriculture techniques.
Segment Analysis
The global agriculture robots market is dominated by the harvesters sub-segment. This sub-segment accounted for over 35% of the total market share in 2023 owing to increasing demand for farm automation activities like fruit and vegetable harvesting. Automated harvesters help maximize productivity and reduce labor costs significantly for farmers.
Key Takeaways
The Global Agriculture Robots Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. Rapid mechanization of farms to reduce labor requirements and boost yields is driving demand for robots in agriculture. 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.
Regional analysis
North America holds the major share of the agriculture robots market currently due to widespread adoption of automated farm equipment in countries like the United States and Canada. Both countries are focusing on precision agriculture techniques and IoT technologies to increase produce from existing farmlands. Asia Pacific is expected to witness the fastest growth over the coming years led by China, India, and Japan. Growing populations are increasing pressure on limited arable land in the region, propelling use of robotics to optimize output.
Key players
Key players operating in the agriculture robots market are BASF SE, Eastman Chemical Company, Merck KGaA, Evonik Industries AG, Tokyo Chemical Industry Co., , td., Alfa Aesar, TCI America, MP Biomedicals, Santa Cruz Biotechnology, Inc., Energy Chemical. BASF SE leads the market with over 15% market share owing to its comprehensive suite of automated equipment for tasks like seeding, weeding, and soil management. Eastman Chemical Company follows with innovative harvesting robots and drones that can collect yield intelligence.
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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.
