Agricultural Robot Market is Expected to Rise at a CAGR of 20.31% during 2021-2028.

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According to our exhaustive report, theAgricultural Robots Marketwas valued atUSD 3.63 Billionin 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 20.31% between 2021 to 2028. Agricultural robots are widely used by farmers to perform a range of functions including soil analysis, seed planting, fruit picking, cloud seeding, weed control, environmental monitoring, and harvesting. These robots are primarily deployed to reduce human effort in agricultural fields. Continuous technological advances will drive the Agricultural Robots Market forward.

Based on type, driverless tractors are expected to witness significant adoption in the forthcoming years. Autonomous tractors are growing in popularity owing to benefits including zero labor effort, improved farming efficiency, and reduced fuel consumption. These tractors can make the right decisions without taking much time, leading to greater efficiency. They are programmed to autonomously scan the soil, monitor field, and weather conditions, alter the steering angle, detect obstacles, and apply brakes as and when necessary. Furthermore, government funding will boost the adoption of modern agricultural technologies, which in turn, will boost the Agriculture Robots industry.

On the other hand, the major challenge for the growth of the Agricultural Robots Market is the high cost of these robots. Moreover, the farmers in developing countries are not aware of such applications of the robots, and therefore, follow traditional methods in farming.

The Global Agricultural Robot Market market is segmented on the basis of product, the market of Agricultural Robot Market is divided into milking robots, UAVs/Drones, Automated Harvesting Systems, Driverless Tractors. On the basis of applications, the market is divided into harvest management, field farming, dairy and life stock management, and others.

The Asia Pacific region is expected to witness the highest growth during the forecast period, owing to increasing government initiatives to adopt modern technologies and a rise in awareness among farmers. The region has witnessed an emerging demand for automation since farming is one of the important sectors in Asian countries including,China,Japan,India,Vietnam, andSouth Korea. The adoption of agricultural robots—especially drones—is expected to grow at a high rate in the Asia Pacific as this region consists of technologically-advanced countries, such asChina,South Korea,Thailand, and other countries inSoutheast Asia.

Some of the key players in theAgricultural Robot MarketincludeDeere & Company, DJ, CNH Industrial NV, AGCO Corporation (US), DeLaval, Trimble Inc., BouMatic Robotics (The Netherlands), Lely, AgJunction (US), AgEagle Aerial Systems (US), YANMAR Co, Deepfield Robotics, ecoRobotix, Harvest Automation, Naio Technologie, ROBOTICS PLUS.