According to IMARC Group’s latest report, titled “Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20
According to IMARC Group’s latest report, titled “Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global agricultural robots market reached a value of US$ 5.4 Billion in 2020. Agricultural robots, or agribots, are autonomous machines utilized for improving the quality and efficiency of yield, reducing dependency on manual labor, enhancing overall crop productivity, etc. These robots are mainly equipped with end-effectors or specialized arms to perform diverse horticultural activities, including seeding and planting, field mapping, weed control, intercultural operations, harvesting, aerial data collection, fertilizing and irrigation, soil analysis, environmental monitoring, etc. Apart from this, agricultural robots are also used for washing and milking livestock in the dairy farming industry.
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The escalating demand for organic and plant-based food products across the globe is encouraging farmers to adopt modern machinery and robotics by replacing the conventional farming processes. This is one of the primary factors driving the agricultural robots market. In line with this, the growing trend of mechanization in the agriculture sector, owing to rising shift of farmers towards modern tools and equipment to improve their total productivity and generate more revenue, is also augmenting the global market. Furthermore, the high cost of manual labor and the shortage of skilled agricultural workers are propelling the product demand. Besides this, several technological advancements, including the introduction of GPS-enabled robots and the integration of AI-based devices, are acting as significant growth-inducing factors. In the coming years, the increasing investments by numerous manufacturers in research and development (R&D) activities for introducing an innovative range of agribots are expected to catalyze the agricultural robots market. Looking forward, IMARC Group expects the global agricultural robots market to reach a value of US$ 21.10 Billion by 2026, exhibiting a CAGR of 25.50% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Deere & Company
- Trimble Inc.
- Agco Corporation
- Lely Holding S.À.R.L
- AG Eagle LLC
- Agribotix LLC
- Harvest Automation
- Naio Technologies
- Precision Hawk
- Agjunction, Inc.
- Boumatic Robotics
- AG Leader Technology
- Topcon Positioning Systems, Inc.
- Autocopter Corp
- Auroras S.R.L.
- Grownetics Inc.
- Autonomous Tractor Corporation.
Breakup by Product Type:
- Unmanned Aerial Vehicles (UAVs)/Drones
- Milking Robots
- Automated Harvesting Systems
- Driverless Tractors
Breakup by Application:
- Field Farming
- Dairy Farm Management
- Animal Management
- Soil Management
- Crop Management
Breakup by Offering:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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