Agriculture Robots Market to Reach $28.2 Billion by 2031, Driven by AI and Automation
In its latest publication, "Agriculture Robots Market by Offering, Deployment, Automation Type, and End Use - Global Forecast to 2031," Meticulous Research® projects the agricultural robots market to grow to $28.2 billion by 2031, with a compound annual growth rate (CAGR) of 16.6%. The market is also expected to reach over 30 million units by the same year, with a CAGR of 8.6%.
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Key Growth Drivers
Several factors are driving the growth of the agricultural robots market. The increasing integration of drones and other automation technologies in farming, a growing global population, and labor shortages are pushing farmers to adopt more efficient farming solutions. Additionally, governments worldwide are providing financial support to promote technological innovation in agriculture. However, the high costs associated with adopting agricultural robots remain a significant barrier for many farmers.
AI Integration as a Game-Changer
Artificial intelligence (AI) is transforming the agricultural robots market, enabling machines to perform complex tasks such as monitoring crops and livestock. The integration of AI is expected to create new opportunities for market growth, offering more precise and efficient farming solutions. Nonetheless, challenges like farmers' lack of familiarity with advanced technology and concerns over data security continue to hinder widespread adoption.
Hardware Segment to Dominate the Market
The agricultural robots market is segmented into hardware, software, and services. In 2024, hardware is expected to dominate the market, capturing over 88% of the total market share. This growth is primarily driven by the increasing demand for robots that automate livestock management and various farming processes. MetoMotion’s AI-driven tomato-picking robot, launched in 2023, is an example of the technological advancements driving growth in the hardware segment.
Outdoor Robots to Capture the Largest Share
The deployment of agricultural robots is divided into two segments: indoor and outdoor. Outdoor robots are expected to account for around 89% of the market by 2024, driven by the need to monitor outdoor farming environments such as weather conditions and soil health. Clearpath Robotics’ OutdoorNav software, which offers GPS-based mapping and navigation for outdoor farms, is one example of a solution meeting this demand.
Automated Systems Expected to Lead in Market Share
The agricultural robots market is also categorized by automation type, with automated systems expected to dominate the market, accounting for over 81% of the market share by 2024. The use of AI and machine learning in robotic systems is transforming agricultural practices, making them more efficient and less reliant on human intervention. For example, Naio Technologies’ Orio robot, launched in 2022, provides an autonomous solution for large-scale crop farming.
Crop Farming to Dominate End-Use Segment
Crop farming is expected to maintain the largest market share among end-use segments, accounting for over 56% of the total share by 2024. Rising labor costs and increasing demand for high-quality crops are pushing farmers to adopt robotic solutions. AGCO Corporation’s Fendt Xaver robot, developed in collaboration with Apex.AI, highlights the trend toward autonomous crop farming technologies.
Europe to Lead the Market, Asia-Pacific to See Fastest Growth
Europe is expected to maintain its lead in the agricultural robots market, capturing over 34% of the market by 2024. The region’s robust innovation ecosystem, combined with strong government support for the adoption of smart farming technologies, is driving growth. In contrast, Asia-Pacific is projected to experience the fastest growth, with a CAGR of 18.8%, driven by increasing demand for smart agriculture solutions in countries like China and India.
Conclusion
The agricultural robots market is poised for significant growth over the next decade, driven by technological advancements, AI integration, and government support for innovation. However, challenges such as high costs and concerns over data privacy must be addressed for the market to reach its full potential.
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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.).
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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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