7th November 2019 – Global Agricultural
Robots Market is anticipated to reach USD 8.82 billion by 2025 owing to
the growing technological advancements in robotics that has increased the sale
of agricultural robots. Agricultural robot, also known as agribot or agbotis
used in farming to improve efficiency and reduce dependency on manual efforts.
The agricultural robots are well-equipped with specialized arms, effectors and
other tools. They also have the ability to connect WSNs (wireless sensors
networks) and drones to collect large amounts of data.
Big data analytics will assist farmers
to extract information from bulk data to improve farming and yield better
output. The change observed in agricultural industry worldwide is expected to
boost agricultural robots market with a CAGR of 24.07% in the forecast period.
The increasing population along with
growing demand for food is generating need for high production of crops, which
results in farmers opting for agricultural robots to enhance production. The
agricultural robots are also progressively in demand since large number of
population is shifting to urban areas for career options, thereby accelerating
the demand for food. This has decreased workforce in the agricultural sector
and has impacted the agricultural segment to a great extent. Hence, the
adoption of agricultural robots has reduced the ineptitude of human labor conveniently.
Moreover, agricultural robots come with benefits like reduced use of chemicals
and pesticides and have the ability to perform in different environmental
conditions.
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The factors fueling the growth of
agricultural robots industry are improved efficiency, cost-effectiveness
resulting in reduced chemical usage. The farming activities like weed picking
and spraying pesticides are adopted ways of modern farming which is expected to
propel the growth of the market in the coming years.
Nevertheless, few challenges faced by
agricultural robot market are limited awareness about agricultural robots among
farmers and the inability of robots to match to human dexterity. Another factor
adding to the restraints is high investments required for robots installation.
Maintenance of agriculture robots being an expensive affair prevents the
farmers from preference for robots. The high cost of robots followed by the
rising advancements in technology is a major concern especially for the farmers
in developing nations. The use of high definition cameras, obstacle sensors are
expected to add to the features and abilities of agricultural robots, which may
again inflate its price. However, the adoption of telematics sensors is predicted
to be a potential opportunity for agricultural robots industry.
Agricultural robots market is
categorized on the basis of type, application, and geography. On the basis of
type, the market is divided into driverless tractors, unmanned aerial vehicles
(UAVs), milking robots, automated harvest robots, material management, and
others (forest management and animal management). In terms of application, the
market is classified into dairy management, irrigation management, harvest
management, soil management, inventory management, and others (pruning
management and field mapping).
Geographically, agricultural robot
industry is segmented as North America, Latin America, Europe, Asia Pacific,
and Middle East & Africa. North America and Latin America are expected to
hold larger share of the market due to increased industrialization of farming
equipment to meet the growing demand of food globally.
The key players in agricultural robots
industry comprise of AGCO, Autonomous Tractor Corporation, Autonomous Solutions
Inc., Clearpath Robotics, DeLaval, Deepfield Robotics, GEA Group, Harvest
Automation, John Deere, and Lely.
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