Agrobots Market to Grow with a CAGR of 26.01% through 2031
Increasing adoption of
automation technology and the rise in efforts to improve farming efficiency is expected
to drive the demand of global agrobots market in the forecast period.
According to TechSci Research report, “Agrobots Market- Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2031F",” The Global Agrobots Market will grow from USD 17.82 Billion in 2025 to USD 71.34 Billion by 2031 at a 26.01% CAGR. Agrobots are the
latest technology used in the agricultural industry to boost the productivity
of the farms and reduce the dependence on manual labor. These autonomous
machines are used to improve the quality and efficiency of the agricultural
yield and therefore are in high demand worldwide. With the rise in the
population, the need for more food generation and production is witnessing a
surge. Farmers are shifting their focus over the adoption of modern tools and
equipment to increase their productivity and make more profit.
However, the rise in privacy and data security
concerns and the unavailability of the agrobots for commercial purposes may
restrain the growth of the global agrobots market for the forecast period.
Browse XX Figures spread through 110 Pages and an
in-depth TOC on "Global Agrobots Market”.
Global
agrobots market is segmented into type, component, application, farming
environment, regional distribution, and company. Based on application, the
market is divided into dairy & livestock management, harvest management,
irrigation management, field mapping, inventory management, weather tracking
and forecast, and others. The harvest management application segment is
expected to account for significant market share for the forecast period,
2022-2026. Harvesting robots are used to pick up the fruits under specific
environmental conditions, accelerating the demand for the harvesting robots.
Based on the farming environment, the market is bifurcated into indoor farming
and outdoor farming. Outdoor farming is expected to dominate the global
agrobots market for the next five years. The presence of large agricultural
fields and the existing farms and the adoption of advanced technologies are
expected to boost outdoor farming. Based on type, the market is divided into
UAVs, milking robots, driverless tractors, automated harvesting systems, and
others. The UAVs segment is expected to hold a significant market share in the
predicted period. The UAVs segment is further divided into fixed-wing drones,
rotary blade drones, and hybrid drones. The driving factor for the high demand
for UAVs in the agricultural industry is that they are affordable agricultural
robots and can be used for farms belonging to any size. UAVs are generally used
for soil and crop analysis and livestock management. The rise in the adoption
of UAVs in commercial farming and the use ineffective pesticide spraying in the
field is fueling the market growth. Based on component, the market is divided
into hardware, software, and services. The services segment is expected to hold
the largest market share in the next five years. The services provide the
farmers with insights about right on investment calculations and make the
farmers decide the right equipment to use for farming. The cost of buying the
agrobots is a high investment; therefore, farmers prefer to opt for leasing
services to make the agricultural practice more affordable.
Key Market Players
- Agrobot, S.A.
- FFRobotics, Inc.
- Naïo Technologies
- Ecorobotix SA
- AgXeed B.V.
- Small Robot Company Ltd
- Robotics Plus Ltd
- AGCO Corporation
- Deere & Company
- Blue River Technology
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“Availability
of low-cost IoT devices connected with the farm management software to enable
smart farming is expected to create lucrative opportunities for the global
agrobots market growth. The use of internet of things technology helps the
farmers by providing insights to make smart decisions and analyze the data to
determine the temperature, moisture, and weather expected to boost the
productivity and profitability of the farmers. The growing demand for
high-precision farming by the adoption of multimodal systems based on vision
systems, GPS, LiDAR is expected to propel the global agrobots market growth
till 2026” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Agrobots Market - Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Type (UAVs (Fixed Wing Drones, Rotary Blade Drones, Hybrid Drones), Milking Robots, Driverless Tractors, Automated Harvesting Systems & Others), By Component (Hardware, Software & Services), By Application (Dairy & Livestock Management, Harvest Management, Irrigation Management, Field Mapping, Inventory Management, Weather Tracking and Forecast & Others), By Farming Environment (Indoor Farming & Outdoor Farming) and By Region 2021-2031F” has
evaluated the future growth potential of global agrobots market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of global agrobots market.
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