Global Agriculture Robots Market: Snapshot 

The growing population and with it the rising demand for food is creating a need for high yield of crops. This has led to farmers seeking agriculture robots so as to enhance agricultural yield. Agriculture robots are also increasingly in demand as a growing number of people are shifting to urban areas and towards other career options. This in turn has led to a decreased workforce for agricultural sector and has impacted the agricultural industry to a great extent. Thus, with the adoption of agriculture robots, the problem of lack of human labor is conveniently managed. Additionally, these robots offer benefits such as reduced use of pesticides and chemicals as well as ability to perform in diverse range of environmental conditions. 

Some of the other factors fueling the growth of the global agriculture robots market are improved efficiency and cost saving as a result of reduced usage of chemicals. The farming processes such as weeding pick and place, and spraying are some of the extensively adopted modes of corporate farming. All these factors will help propel the growth of this market in the forecast period. 

agriculture robots market

Asia Pacific to Emerge as Lucrative Regional Segment Driven by High Demand for Driverless Tractors 

While North America led in the market in 2015, it is expected that Asia Pacific will witness a rapid growth in the agriculture robots market on account of big contribution by Japan and China. Agriculture robots are increasingly being used for management of dairy and also for horticulture. This is acting as a key driver for the growth of the agriculture robots market in Asia Pacific. Players in the region are taking continuous efforts to develop and ensure product innovation which is furthering the growth of the market. The automated harvesting machine is high in demand, which is also boosting the market in the region. Driverless tractors are also leading in terms of demand in the Asia Pacific region. 

High Cost of Maintenance to Deter Adoption of Agriculture Robots 

The global agriculture robots market is restrained by the high investments needed for installing the robots. The maintenance of agriculture robots is also an expensive affair, deterring the adoption of these robots by farmers. The high cost of agriculture robots is especially a major issue for farmers in cost sensitive nations of emerging economies. The cost of agriculture robots is increasing with advancements in technology, making it difficult for farmers to purchase them. The use of obstacle sensors, high definition cameras, and incoming wave may enhance the features and abilities of the agriculture robots, but are also increasing the cost of these robots to a large extent. A lack of technical knowhow as to how to operate robots is deterring many farmers from investing in these devices. 

Adoption of Telematics Sensors to Create Growth Opportunities  

It is not feasible for manufacturers to construct robots that perform multiple functions and run farm. The designing of various robotic programs and functions for crop management, livestock rearing, and irrigation can be complicated and difficult to accomplish in a single device. Thus multiple robots are required for achieving different functionalities, which obviously requires extensive capital investment. However, the adoption of telematics sensors will help in reducing the complications caused by tractor failure and several other functions. In addition to this, the use of crop sensors will help in enhancing the precision of pesticide usage. This in turn is expected to improve crop health and reduce the amount of chemicals used, benefitting both farmers and consumers. 

Global Agriculture Robots Market: Overview

Agriculture robots perform different operational tasks such as capturing images, seeding, spraying water, harvesting, and milking among others. The growing need for food and scarcity of agriculture labor is boosting the growth of agriculture robots market. The global market for agriculture robots is majorly driven by increase in precision agriculture and increase in need for real time data which helps in decision making. Moreover, the global market of agriculture robots is experiencing a growth due to increased corporate farming and increase in demand for food production. The above mentioned trends are propelling the market of agriculture robots globally at a significant pace. Ongoing research and developments undertaken by different companies across the globe are expected to boost the market of agriculture robots during the forecast period.

The growing market in the emerging regions such as Asia-Pacific and Latin America are anticipated to grow the market of agriculture robots in these regions. Propelled by rapidly increasing demand for food, the manufacturers are adopting new robust technologies to modernize the existing robots. In addition, robots also help in spraying the right amount of chemicals, fertilizers and pesticides without human involvement, which is generating interest among the farmers or growers round the globe. However, due to high cost of the machineries, the market of agriculture robots is experiencing a limitation in the market growth. Another factor hindering the growth of the market is the limited functionality of the agriculture robots. The effects of these limiting factors are expected to reduce over the forecast period from 2016 to 2024.

Global Agriculture Robots Market: Scope of the Study

In the report, the market of agriculture robots is segmented on basis of type, application and geography. The report also consists of market drivers, market restraints and future opportunities. It highlights the present market trends and provides forecast from 2016 to 2024, additionally it provides the market size of 2015. As per the present scenario for agriculture robots market and the future trends highlighted in this report, it is expected that the market will have substantial growth over the forecast period from 2016 to 2024.

Geographically, the market of agriculture robots has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America. North America has the largest market share in 2015 followed by Europe and Asia-Pacific. Asia-Pacific is estimated to be the fasted growing region globally with the highest CAGR. This is due to huge sums are being invested in the field of agriculture machineries.

Based on by type segmentation, the market is bifurcated into UAV, driverless tractors, milking robots, automated harvesting machines and others. In terms of revenue UAV is estimated to be the fastest growing sub segment from 2016 to 2024. The UAVs are comparatively less expensive than the driverless tractors and due to increase in demand of precision agriculture the UAV sub segment is growing at a faster rate than the other sub segments. The driverless tractors held the largest market share in 2015 and is estimated to experience a downfall in market share till 2024.

The application segmentation is categorized into field farming, dairy management, indoor farming, horticulture and others. The demand for fruit production is increasing at higher pace and due to this the horticulture sub segment is anticipated to be the fastest growing among other application segments. The field farming contributed the largest share of the total revenue in 2015. The report provides global market size and forecast from 2016 to 2024 for each segment along with market size of 2015.

Global Agriculture Robots Market: Competitive Landscape

This report also includes company profiles of major as well as emerging players in the field of agriculture robots market that incorporates different strategies adopted by the companies to expand their distribution channel or developing their own machineries with more enhanced technologies. Most of the companies are undergoing research and developments which is anticipated to fuel the market of agriculture robots over the forecast period from 2016 to 2024.

The major players in the market are AGCO Corporation, Harvest Automation, Inc., BouMatic Robotics BV, AgEagle Aerial Systems, Inc., Vision Robotics Corporation, Naio Technology, PrecisionHawk, Inc., SenseFly SA, Agribotix LLC, and Blue River Technology, Inc.

The segments covered in the Agriculture Robots market are as follows:

Global Agriculture Robots Market, 2016-2024: By Type

  • UAV
  • Driverless Tractors
  • Milking Robots
  • Automated Harvesting Machine
  • Others

Global Agriculture Robots Market, 2016-2024: By Application

  • Field Farming
  • Dairy Management
  • Indoor Farming
  • Horticulture
  • Others

Global Agriculture Robots Market, 2016-2024: By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • Italy
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America