Agricultural Robot Market To Perceive Highest Growth of USD 83,563.83 Million by 2030, Size, Share, Trends, Key Growth Drivers and Opportunity Analysis
BOSTON, March 31, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research completed a qualitative study titled "Agricultural Robot Market" with 100+ market data tables, pie charts, graphs, and figures spread across Pages and an easy-to-grasp full analysis. All the data and information mentioned in the realistic Agricultural Robot market document assists businesses to take superior decisions and improving return on investment (ROI). The market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter's Five Forces Analysis has been analyzed in this market research report. Various types of charts and graphs are used in this industry report wherever applicable for a better understanding of complex information and data. A thoughtful knowledge of industrial unanimity, market trends, and implausible techniques makes clients gain an upper hand in the market.
An all-inclusive Agricultural Robot market report contains a range of factors that have an influence on the market and Agricultural Robot industry which includes industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, drivers, restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis, and key company profiles. Be it about considering public demands, competencies, and the constant growth of the working industry, vibrant reporting, or about high data protection services, this report has everything summed up together. For a better understanding of the market and leading business growth, an Agricultural Robot market research report is the ultimate solution.
Data Bridge Market Research analyses that the agricultural robot market is expected to reach USD 83,563.83 million by 2030, which was USD 8,184.03 million in 2022, registering a CAGR of 33.70% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Agriculture robots are those automated machines that are specially innovated for agricultural applications. These robots are used for farming with minimum human interference. Farmers use these machines for tasks such as pruning, mowing, spraying, and others. These agricultural robots have high necessity in the modern world to increase production proficiently. The advantage of agriculture robots is that they can work 24/7.
Agriculture is rapidly becoming an exciting high-tech industry, drawing new companies, investors, and professionals. As technology advances rapidly in agriculture, it is also progressing the production capabilities of farmers and evolving automation and robotics. Agricul robots are one of the evolving technologies with the highest potential in agriculture. Agriculture robot is proving to be the most beneficial machine in growing production yields for farmers. Hence, to keep up with the ever-increasing demand for advanced technologies in the agriculture sector, farmers are bound to adopt advanced and latest innovations in their agricultural process.
Recent Developments
- In 2022, Deere & Company successfully added seven companies, including ViewAR, SeeDevice, Ucropit, Four Growers, Burro, and Crop. Zone, and Yard Stick, to 2022 Startup Collaborator Program. This collaboration would aid Deere & Company in increasing its interactions with start-up companies whose technologies would add considerable value for consumers.
- In 2022, Verdant Robotics introduced its robot-as-a-service (RaaS) model to ensure access for more specialty crop farmers to fulfill their demands for more profitable and sustainable growing practices. Verdant uses these tools to offer better outcomes, such as greater yields, larger produce, and significant savings.
- In 2022, Naio Technologies introduced the Orio agriculture robot at Ag Expo 2022. Orio agriculture robot is a sustainable alternative to the usage of herbicides that improves working conditions, improve soils and collects data for smart farming
Fundamental Aim of Agricultural Robot Market Report
In the Agricultural Robot market, every company has goals, but this report focus in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
- Major alterations to the Agricultural Robot Market in the near future.
- Notable Market rivals around the world.
- The Agricultural Robot Market's Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
- Sales data and profiles of the world's leading Agricultural Robot Market
Some of the major players operating in the agricultural robot market are:
- Clearpath Robotics Inc. (U.S.)
- AgEagle Aerial Systems Inc. (U.S.)
- YANMAR HOLDINGS CO., LTD (Japan)
- Kubota Agricultural Machinery India Pvt. Ltd. (India)
- Harvest Automation (U.S.)
- Harvest CROO Robotics LLC.(U.S.)
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The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the global Agricultural Robot market. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the worldwide Agricultural Robot market are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategy, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
Opportunities
- Increasing integration of AI technology in agricultural robots
The growing integration of artificial intelligence (AI) technology in agricultural robots will likely create lucrative market growth opportunities. For instance, Future Acres introduced its first robot, Carry, in 2021 with plans to tackle grape picking. Carry relies on artificial intelligence (AI) technology to transport hand-picked crops. Also, this will help to reduce the challenges of labor shortages. Thus, increasing the integration of AI technology in agricultural robots boosts the market growth.
- Growing government initiatives for automated technologies
Governments all over the globe are undertaking initiatives and offering subsidies to increase awareness about automated technologies among farmers. For instance, the European Union launched projects, such as Robs4Crops, for smart implements of fully autonomous farming systems in 2021. Robs4Crops is assisting farmers in filling the labor shortage, positively changing the farming landscape. This is likely to create ample opportunities for the market and improve the scope of the agricultural robots market.
Key Market Segments Covered in Agricultural Robot Industry Research
Type
- Automated Harvesting Systems
Offering
Farming Environment
Farm Produce
Application
- Dairy and Livestock Management
- Weather Tracking and Monitoring
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Key Growth Drivers:
- Increasing awareness among farmers regarding smart agriculture
Growing awareness among farmers regarding smart agriculture will likely propel market growth. Smart agriculture refers to using technologies such as robots, sensors, and location systems on a farm. Progressively increasing awareness among farmers regarding smart agriculture is increasing the adoption of agricultural robots. Utilizing agricultural robots in smart agriculture improves food production and enhances the quality of food. As a result of all these factors, boost the market growth during the forecast period.
- Growing demand for milking robots widens the market scope
Increasing demand for milking robots in the agriculture sector is anticipated to drive the growth of the agricultural robot market. Milking robots are also called voluntary and automatic milking systems devoted to extracting milk from animals. This product would help in reducing workforce costs and increasing the milk yield. The milking procedure with the help of these machines normally takes about 7 minutes, and thus, farmers can save more time to focus on overall herd health. This is enhancing the market growth.
Agricultural Robot Market Regional Analysis/Insights:
The countries covered in the agricultural robot market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the agricultural robot market owing to the high adaptability among consumers to the new technology in this region. Moreover, the growing use of farm mechanization in the agriculture industry will further increase the market growth in this region
Europe is anticipated to be the fastest-growing region in the agricultural robot market from 2023 to 2030 because of increasing government initiatives for adopting modern techniques in the agriculture sector. Furthermore, favorable regulations regarding the environment, animal health, and environmental conditions will further increase this region's market growth
This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
- How will the major segments of this international market develop over the next few years?
- Who are the major players that will dominate the market in the future?
- When it comes to this industry, who are the top suppliers and producers?
- How have the most successful companies in the industry planned for future growth and expansion?
- In what sectors might we expect to see the greatest increase in demand over the coming years?
- How many distinct subsets of buyers make up this market?
- Which regional powerhouse do you foresee as becoming the largest player in the international market?
- Does a new coronavirus pandemic have any consequences?
- In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Agricultural Robot Market: Regulations
- Market Overview
- Global Agricultural Robot Market, By Type
- Global Agricultural Robot Market, By Offering
- Global Agricultural Robot Market, By Farming Environment
- Global Agricultural Robot Market, By Farm Produce
- Global Agricultural Robot Market, By Application
- Global Agricultural Robot Market, By Region
- Global Agricultural Robot Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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