Introduction
A new report by Meticulous Research® titled "Agriculture Robots Market by Offering, Deployment, Automation Type, and End Use—Global Forecast to 2031," projects that the agriculture robots market will grow to $28.2 billion by 2031. The report highlights a CAGR of 16.6% in value and 8.6% in volume, with the market set to exceed 30 million units by 2031.
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Drivers of Market Growth
The agriculture robots market is expanding due to several factors, including the increased use of drones for smart farming, population growth, and a shortage of labor. Additionally, government support aimed at enhancing agricultural practices is boosting market growth. Nonetheless, the high costs associated with these technologies present a significant barrier.
Artificial Intelligence and Opportunities
Artificial intelligence (AI) is increasingly being integrated into agricultural robots, creating new opportunities for improving efficiency in farming practices. However, the lack of technical know-how among farmers and concerns about data security are key challenges for the market.
Offering-Based Segmentation
The agriculture robots market is divided by offering into hardware, software, and services. The hardware segment is expected to account for over 88% of the market share in 2024. This segment's growth is largely driven by the increasing automation of agricultural processes. For instance, MetoMotion introduced an AI-driven robot designed for picking tomatoes, addressing labor shortages in agriculture.
Deployment Types
Agricultural robots are deployed in both indoor and outdoor settings. The outdoor segment is expected to dominate with a market share of over 89% by 2024, thanks to the need for crop monitoring and environmental adaptation. Clearpath Robotics is developing advanced outdoor navigation systems to facilitate the use of agricultural robots in the field.
Automation Types
The market is segmented into automated and semi-automated robots. By 2024, the automated segment is expected to command over 81% of the market, driven by the adoption of AI, automation, and digitalization in agriculture. Naio Technologies’ Orio, a fully automated agricultural robot, exemplifies the trend toward increased automation in precision farming.
End-Use Applications
In terms of end use, crop farming is expected to dominate the market, capturing more than 56% of the market share by 2024. Factors such as rising labor costs and the need for greater agricultural productivity are fueling the growth of this segment. However, the livestock segment is projected to grow at the highest CAGR, driven by advancements in livestock monitoring and health management technologies.
Regional Market Insights
Europe is expected to hold the largest market share, accounting for over 34% by 2024. The region’s focus on technological innovation and government initiatives aimed at increasing automation in agriculture are key factors driving this growth. Meanwhile, Asia-Pacific is set to experience the highest growth rate, driven by the adoption of smart agricultural technologies in countries like China, India, and Japan.
Conclusion
The agriculture robots market is poised for substantial growth, fueled by technological advancements, government support, and the increasing need for higher agricultural productivity. While challenges such as high implementation costs and data privacy concerns exist, the continued integration of AI and automation is expected to reshape the future of agriculture, offering significant opportunities for growth.
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Key Players
The key players operating in the agriculture robots market are Yanmar Holdings Co., Ltd. (Japan), AgEagle Aerial Systems Inc. (U.S.), Lely International N.V. (Netherlands), BouMatic (U.S.), DJI (China), Deere Company (U.S.), XAG Co., Ltd. (China), Clearpath Robotics Inc. (Canada), Naio Technologies (France), Robotics Plus Limited (New Zealand), GEA Group Aktiengesellschaft (Germany), DeLaval (Sweden), and Small Robot Company (U.K.).
Key Questions Answered in the Report:
- What are the high-growth market segments in terms of the offering, deployment, automation type, and end use?
- What is the historical market size for the agriculture robots market?
- What are the market forecasts and estimates for 2024–2031?
- What are the major drivers, restraints, opportunities, challenges, and trends in the agriculture robots market?
- Who are the major players in the agriculture robots market, and what are their market shares?
- What is the competitive landscape like?
- What are the recent developments in the agriculture robots market?
- What are the different strategies adopted by major market players?
- What are the trends and high-growth countries?
- Who are the local emerging players in the agriculture robots market, and how do they compete with other players?
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