Agricultural Robots Market Expecting Potential Growth with Emerging Trends and Business Development Strategy Key Players 2021-2030

The Global Agricultural Robots Market size valued to USD 6.16 billion in 2019, is expected to garner USD 35.25 billion by 2030, with a growing CAGR of 19.3% from 2020-2030.

Agricultural Robots also known as Agribots, hold wide applications in the field of agriculture majorly for dairy management, irrigation management, harvest management, soil management, inventory management and others. Along with reducing the human efforts and production cost; these robots help save time, maximize crop quality, as well as increase crop yield. Agribots are deployed to perform various operations like soil analysis, weed control, fruits picking, seed planting, harvesting, seed sorting, field farming, dairy farming, and others. The global agricultural robots market pegged a notable revenue in the year 2019, and is likely to project a significant growth rate by 2030.

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Top Companies: Agrobot, Blue River Technology, AGCO Corporation, Naïo Technologies, Deere & Company, Agribotix LLC, Lely Industries, Trimble, Precision Hawk, Harvest Automation, AG Eagle LLC, and IBM

Market Dynamics and Trends

The global agricultural robots market is proliferating, owing to technological advancements in the fields like IoT, robotics and Artificial Intelligence. Besides, the farmers switching towards sustainable development of agricultural land, to cater food-demand of the expanding population; is positively influencing the growth of the global market. Furthermore, factors such as minimized labor, increased efficiency as well as enhanced crop quality and quantity are expected to fuel-up the growth of agricultural robots market in future.

However, factors such as high installation cost of these agricultural robots, lack of internet connectivity in remote areas, lack of awareness among farmers, and incompetence of the robots to match human skills, are expected to hamper the growth of agricultural robots market during the forecast period.

Moreover, government initiatives to adopt modern agricultural techniques, requirements to monitor the health of crops to obtain better yield, innovative product launches by the market players as well as the R&D activities for sustainable agricultural development, are paving the way for lucrative opportunities in the global agricultural robots market.

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Market Segmentations and Scope of the Study:

The global agricultural robots market share analysis is based on type, offering, application and geography.

Based on type, the market is segmented into Driverless Tractors, Unmanned Aerial Vehicles (UAVS), Milking Robots, Automated Harvest Robots, Material Management, and Others. The Unmanned Aerial Vehicles are sub segmented into fixed wing, rotary blade, and hybrid. Based on offering, the market is divided into software, hardware, and services. Based on application, the market is segmented into dairy management, irrigation management, harvest management, soil management, inventory management, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to dominate the global agricultural robots market holding the highest market share, owing to higher adoption of advanced technology, increase in research and development activities, and high per-capita disposable income.

Asia Pacific significantly represents the emerging economies and is anticipated to grow with substantially increasing market share, owing to increasing government initiatives to adopt modern technologies, rise in awareness among the farmers and raise in governmental subsidies to promote advanced agricultural techniques.

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