Agricultural Robots Market Introducing New Industry Dynamics
Agricultural Robots Market Introducing New Industry Dynamics
Blog Article
Agricultural Robots Market Size Was Valued at USD 3.36 Billion in 2023 and is Projected to Reach USD 18.67 Billion by 2032, Growing at a CAGR of 20.99% From 2024-2032.
Agriculture is fast becoming an appealing excessive-tech zone, attracting new corporations, investors and entrepreneurs. As generation advances hastily inside the agricultural sector, it's also enhancing farmers’ production and producing automation and robotics. Agricultural robots are one of the most advanced technology in agriculture with huge capability. Agricultural robots are proving to be the maximum useful device for farmers to growth crop yields. Thus, to keep tempo with the ever-growing demand for superior technology in agriculture, farmers are pressured to undertake new superior and present day technology of their farming practices.
Agricultural robots are those computerized machines which might be in the main progressive to be used in agriculture. These robots are used in agriculture with minimum human intervention. Farmers use those machines for pruning, harvesting and irrigation. In the present day global, there's a great want to boom the talent of those agricultural robots. The benefit of agricultural robots is they can work 24/7.
Key Players Driving in the Market
Harvest Automation (US), Agribotix LLC (US), Blue River Technology (US), Autonomous Tractor Corporation (US), Lely Holding S.A.R.L. (Netherlands), Fullwood Packo (UK), Naio Technologies (France), Precisionhawk Inc. (US), AGROBOT Soluciones Roboticas Agricolas (Spain), Deere & Company (US), DJI (China), CNH Industrial NV (UK), AGCO Corporation (US), DeLaval (Sweden), ROBOTICS PLUS (New Zealand),Trimble Inc. (US), BouMatic Robotics (The Netherlands), Lely (The Netherlands), AgJunction (US), AgEagle Aerial Systems (US), YANMAR Co. (Japan), Deepfield Robotics (Germany), EcoRobotix (Switzerland), Naïo Technologies (France), KUBOTA Corporation (Japan), HARVEST CROO (US), Clearpath Robotics (copyright), DroneDeploy (US), Agrobot (Spain), FFRobotics (Israel), Monarch Tractor (US), Carbon Robotics (US) and Other Major Players.
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The drivers of the car - Increasing farmers’ awareness on smart agriculture
Farmers’ awareness of more intelligent agriculture is likely to drive market growth. Smart agriculture refers to the use of technologies such as robots, sensors and location systems in agriculture. The gradual increase in awareness of smart farming among farmers is increasing the adoption of farm robots. Smart farming uses agricultural robots to improve food production and increase food quality. For all these reasons, increase market growth over the forecast period.
The increasing demand for milking robots is expanding the market
The growing trend of dairy robots in agriculture is expected to boost the agricultural robot market. Robot milkers are also known as voluntary and automated milking systems dedicated to extracting milk from animals. This product will help reduce labor costs and increase milk production. With these devices, milking typically takes about few minutes, giving farmers plenty of time to save on overall herd health. This increases market growth.
Dividing the Market: Exploring Segmentation Strategies
By Type
- Driverless Tractors
- Unmanned Aerial Vehicles (UAVs)
- Milking Robots
- Automated Harvest Robots
- Material Management
By Offering
- Hardware
- Software
- Service
By Application
- Dairy Management
- Irrigation Management
- Harvest Management
- Soil Management
- Inventory Management
By Region
- North America (U.S., copyright, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments in the Agricultural Robots Market:
- In December 2023, Chipotle Mexican Grill introduced it's far investing in Greenfield Robotics, a employer based with the imaginative and prescient of creating regenerative farming extra efficient, cost-powerful, and sustainable through leveraging the trendy advances in AI, robotics, and sensing technologies, and Nitricity, a organisation looking for to address greenhouse gasoline emissions by means of growing fertilizer products which are better for fields, farmers, and the environment. These minority investments are being made via Chipotle's $50 million Cultivate Next task fund.
- In November 2023, Aigen, an AI-driven robotics company, closed $12 million in Series A financing from leading investor ReGen Ventures along with NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP. The funding expands Aigen's manufacturing capacity to meet high pre-order demand and create a new agricultural era that is both sustainable and scalable.
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