Agricultural Robots Market is expected to reach at high CAGR of 29% by 2028 | DataM Intelligence

Market Overview:

Robotics and automation are the most focused technologies in the cutting-edge agriculture region. The integration of robot answers in farming practices is posing lucrative growth avenues globally. The rising call for agricultural produce coupled with the growing populace is forcing the governments and farming communities in the direction of excessive-productiveness farming practices including precision farming and clever agriculture. Furthermore, the declining arable land and shortage in agricultural inputs are also motivating using sustainable farming practices that adhere to the ‘regulation of minimum’ in meals production. Robotics evolved because of the promising answer for sustainable farming owing to their well-timed and accurate overall performance in a big selection of crop production activities.

Robots are incorporated in numerous bureaucracies inclusive of drones, robotic hands, autonomous harvesting machines, and driverless tractors. This novel farm system facilitates to enhance the best and amount of produce thru their excessive ability, particular, rapid, and automatic operations in soil management, harvesting, and crop protection sports.

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Market Dynamics:

The growing interest in precision agriculture is the number one increase component for the agricultural robots marketplace

The want for improving agricultural productivity to meet the dietary wishes of the growing populace is motivating the growing communities closer to precision farming. According to the U.S. National Research Council (NRC), precision farming is a management method that uses facts technology to collect and analyze records on crop production and supports choice-making by means of scientifically elucidating how elements are interrelated.

The capability of automatic gadgets to collect actual-time records touching on crops, weather, soil, and pests made robotics critical a part of precision farming practices. Focus towards improving farming efficiency to reap sustainable improvement is motivating the farming communities toward automation and robotics. Robotics assist improves the first-class and quantity of the yield. Also, the usage of robotics resolve the problems such as loss of guide labor and overutilization of agricultural inputs

However, an excessive fee for products is one of the important constraints in the worldwide agricultural robots market. Agricultural drones, driverless tractors, and harvesters retail at very excessive fees. Driverless tractors in particular are recorded at extensively higher fees, as lots as 60% than traditional tractors.

For example, the average selling price of Iseki’s driverless tractor TJV655 in Japan is nearly 12million yen, while that of a traditional tractor with comparable ability is recorded as 7.1 million yen. The fee of Yanmar’s robotic tractor launched in June 2018 cost around $97,000 to $127,000.

Market Segmentation:

By Type

Unmanned Aerial Vehicle (UAV)/Drone

Milking Robots

Driverless Tractors

Unmanned Ground Vehicles & Robotic Arms

By Application

Harvesting

Soil Management

Crop Protection

Dairy Management

By Produce Type

Field Crops

Fruits & Vegetables

Dairy

By Farm Environment

Outdoor

Indoor

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Geographical Penetration:

North America is expected to dominate the worldwide agricultural robots market at some stage in the forecast duration

By geography, North America is the biggest marketplace for agricultural robots with a market proportion of nearly 37% in phrases of greenback income in 2020. The U.S. Is the leading user of drones in agriculture and livestock management programs globally. In the U.S., drones are utilized in numerous programs which include seed planting, chemical spraying, crop monitoring, and irrigation management. Milking robots also have vast boom capability inside us of a.

According to Lely, a market chief for milking robots, the penetration of milking robots within the U.S. Is nearly 5% of the whole dairy farms and the range is possible to develop by using 20-30% over the near destiny. Canada has also emerged as a lucrative increase venue for milking robots and driverless tractors. Us of a stated the operation of its first driverless tractor made by using Dot Technology Corp. In 2019. The growing precision farming practices in Saskatchewan and Alberta will assist the income of robot tractors and drones in Canada.

Competitive Landscape:

The global agricultural robots market is highly fragmented with wide product differentiation. A large number of suppliers operating and product launches are intensifying the market competition. The agricultural drones segment has been witnessing several new entrants and product designs in the market. Companies such as SZ DJI Technology Co., Ltd., AgEagle Aerial Systems Inc., and PrecisionHawk are some of the leading players in the market.

However, robotic categories such as driverless tractors and milking robots are significantly consolidated with very few companies holding a significant share in the market. For instance, the milking robot sales in Europe are largely dominated by six companies – DeLaval, Lely, GEA, Boumatic, Fullwood Packo, and SAC. These companies represent every unit sold in the region.

The industry is constantly witnessing technological innovations and advanced robotic systems. In June 2019, AGCO Corporation (US), under the Fuse brand, launched the AGCO Connect in North America to provide its customers and dealers with access to machine location data and diagnostics. In May 2019, AgJunction (US) announced a partnership with Swift Navigation (US) to develop low-cost, autonomous tractors for agricultural applications to provide affordable solutions to farmers worldwide.

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Tags: Electronics, Nanotechnology, Automation, agriculture, Harvesting, SoilManagement, CropProtection, Robotics