Agricultural Robot Market
Agricultural Robot Market by Type (Milking Robots, UAVs/Drones, Automated Harvesting Systems, Driverless Tractors, Others) by Farm Produce (Fruits & Vegetables, Field Crops, Dairy & Livestock, Others) by Farming Environment (Indoor, Outdoor) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
The global Agricultural Robot market was valued at USD 3.63 Billion in 2020 and is projected to reach USD 15.93 Billion by 2028, growing at a CAGR of 20.31% from 2021 to 2028.
|Historical Data (Actual Data)||2016-2020|
|Base Year Data||2020|
|Current Year Date||2021|
|Projected year data||2021-2026|
|Annual Market Size (2028)||15.93 Billion|
|Annual Market Size (2021)|
|CAGR (2021 - 2028)||20.31%|
Definition and description
Agricultural robots are specialized type of robots that help farmers to perform wide range of operations. They are used to analyse data and carry out various functions, and they can also be programmed in a way to grow and evolve to match the needs of various tasks. These robots are capable of automating repetitive, slow, and dull tasks to help farmers, permitting them to focus more on improving production yields. The growing investment in agricultural robots is expected to provide growth opportunities in the years to come.
The global Agricultural Robot market report provides a thorough analysis of each segment, region, and country. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecasts, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report. In addition to that, the report will cover a thorough analysis of major players operating in the market based on company overview, product portfolio, recent developments, business strategies, financial performance, and market share among others. Cumulatively, the report will cover all aspects regarding the global Agricultural Robot market.The global Agricultural Robot market report provides a close watch on various market aspects including leading competitors & their strategies, pricing analysis, micro, and macro factors impact market growth, along with a holistic market scenario during 2016–2028. The report also facilitates penetration plans for the products and/or services for potential entrants in the market. Furthermore, the report has also listed the key distributors and manufacturers operating in the global Agricultural Robot market in the major regions. It is anticipated that this data and research study will enable the vendors to enhance their market networks to penetrate and widen their presence geographically.
The increase in population and increasing labour shortage is encouraging automation along with maturing IoT and navigation technologies driving down cost of automation is anticipated to augment the growth of the agricultural robots market over the forecast period. Furthermore, the COVID-19 pandemic is also expected to accelerate the use of robots in agricultural sector in the years to come.
The increase in scope for automation in agriculture in the untapped market and use of real-time multimodal robot systems in fields along with increased use of electrification technology in agricultural robots is also expected to fuel the growth of the market in the years to come.
The high cost of automation for small farms and technological barriers pertaining to fully autonomous robots along with increasing concerns over data privacy and regulations may hamper the growth of the agricultural robots market over the forecast period.
Global Agricultural Robot Market: Report Scope
|Market Size Provided for Years||2016-2028|
|Market Size Provided In Terms Of||Revenue & Volume|
|Segments Covered||Type, Farm Produce, Farming Environment|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries Covered||The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Companies Covered||Deere & Company, DJI, CNH Industrial NV, AGCO Corporation, DeLaval, Trimble Inc., BouMatic Robotics, Lely, AgJunction, AgEagle Aerial Systems, YANMAR Co., Deepfield Robotics, ecoRobotix, Harvest Automation|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
COVID-19 Impact Analysis
In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
- Impact Assessment of COVID-19 Pandemic
- Pre & Post COVID-19 Market Size
- Qualitative analysis on the short term & long-term impact of COVID-19 on the market
- The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Global Agricultural Robot Market: Segmentation
Type Analysis: Agricultural Robot
On the basis of Type , the market is segmented into Milking Robots, UAVs/Drones, Automated Harvesting Systems, Driverless Tractors, Others. UAVs/Drones held the highest share in the global Agricultural Robot market and is projected to witness the same trend during the forecast period.
Farm Produce Analysis: Agricultural Robot
Based on Farm Produce , the market is segmented into Fruits & Vegetables, Field Crops, Dairy & Livestock, Others. Fruits & Vegetables accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Farming Environment Analysis: Agricultural Robot
Based on Farming Environment , the market is segmented into Indoor, Outdoor.
Global Agricultural Robot Market: Farm Produce Segment Analysis
- Fruits & Vegetables
- Field Crops
- Dairy & Livestock
Global Agricultural Robot Market: Farming Environment Segment Analysis
Regional Analysis: Agricultural Robot
Geographically, the global Agricultural Robot market is segmented into North America (U.S., Canada, Mexico), Latin America (Brazil, Argentina, Rest of Latin America), Asia Pacific (Japan, China, India, South Korea, Southeast Asia, Rest of Asia-Pacific), Europe (Germany, Italy, U.K., France, Spain, Rest of Europe), and the Middle East & Africa (GCC Countries, South Africa, Rest of the Middle East and Africa).
The regional section of the Agricultural Robot market report also covers, individual market impacting factors at the country level along with the latest regulatory norms affecting current and future domestic market dynamics. The country section of the food ultrasound market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Each country-level market is analyzed individually and consumption-product ratio, down steam-up stream value chain, raw material supplier concentration, and buyers’ concentration are some of the factors considered while estimating the market scenario for each country. Moreover, the presence of reputed global players in the particular country-level market along with their strategies and business plans to compete with local and domestic brands are analyzed. International politics, trade routes, import-export scenario, and domestic tariffs are considered while
In addition to that, the report covers a thorough segmental analysis for each region comprising of market size and estimations for each segment by region for the years 2016–2028. In addition to that the report analyses Agricultural Robot market at country-level hence the regional study is further bifurcated into key country-level markets from each region. North America is anticipated to dominate the global market during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users. Some of the prominent country-level markets are the U.S., China, Germany, France, India, and Japan.
Market Size, 2021 (USD Billion)
Global Agricultural Robot Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Major players in the global Agricultural Robot market are . The global Agricultural Robot market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network, and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.
Apart from that, the competitive landscape section of the report covers the company strengths and weaknesses, market potential, latest market developments, investments in research and development, product sites, facilities & production capacities, and application dominance. All the above information related to companies will be specific to Agricultural Robot market.
Key Takeaways and Benefits to Market Participants
- This global Agricultural Robot market report will provide you exhaustive qualitative as well as quantitative analysis including market trends, market estimations from 2016-2028
- The report also covers extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends, SWOT analysis, and value chain analysis along with technological landscape and regulatory framework specific to Agricultural Robot industry
- In-depth analysis of each market segment for each region prevailing key market opportunities
- Key country-level markets are analyzed from each region based on their revenue contribution to the global market
- Extensive competitive analysis that facilitates market share analysis and provides a clear understanding of the current competitive scenario in the global market
- The global Agricultural Robot market was valued at USD 3.63 Billion in 2020.
- The global Agricultural Robot Market is projected to reach USD 15.93 Billion by 2028
- North America held the highest share of the Agricultural Robot market in 2020.
- Some of the major companies operating in the Agricultural Robot market are .
Frequently Asked Questions
the global demand for Agricultural Robot
in terms of revenue?
The global Agricultural Robot valued at 3.63 Billion in 2020 and is expected to reach 15.93 Billion in 2028 growing at a CAGR of 20.31%%
are the prominent players
in the market?
The prominent players in the market are Deere & Company, DJI, CNH Industrial NV, AGCO Corporation, DeLaval, Trimble Inc., BouMatic Robotics, Lely, AgJunction, AgEagle Aerial Systems, YANMAR Co., Deepfield Robotics, ecoRobotix, Harvest Automation.
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 20.31%% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Agricultural Robot include
- The increase in population and increasing labour shortage is encouraging automation along with maturing IoT and navigation technologies driving down cost of automation is anticipated to augment the growth of the agricultural robots market over the forecast period. Furthermore, the COVID-19 pandemic is also expected to accelerate the use of robots in agricultural sector in the years to come.
- The increase in scope for automation in agriculture in the untapped market and use of real-time multimodal robot systems in fields along with increased use of electrification technology in agricultural robots is also expected to fuel the growth of the market in the years to come.
region accounted for the
largest share in the market?
North America was the leading regional segment of the Agricultural Robot in 2020.