Agriculture Robots Market Key Players, Growth And Forecast 2027
Summary:
A new study title “Agriculture Robots market size,
status and forecast 2027” has been featured on market research future.
Market Overview:
Global
Agriculture Robots Market size is expected to reach USD
27.32 Billion by 2026, registering a CAGR of 29.44% during the forecast period,
2020–2026. Factors such as shortages of farm labor shortage, the penetration of
IoT and navigation technologies across the globe, the increasing use of drones
for crop mapping, and the rapid development of real-time multimodal robots are
expected to drive the demand for agriculture robots across the globe.
By
robot type, the market has been segmented into UAV, milking robots, driverless
tractors, automated harvesting systems, and others. The UAV segment was dominant
in 2019, whereas the milking robots segment is expected to hold the
second-highest market share.
By
farm type, the market is bifurcated into outdoor and indoor. The outdoor
segment dominated the market in 2019. Furthermore, it is expected to register
the highest CAGR during the forecast period from 2020 to 2026.
By
farm produce, the market has been segmented into fruits & vegetables, field
crops, dairy & livestock, and others. The field crops segment was dominant
in 2019, whereas the dairy & livestock segment is anticipated to record the
highest CAGR during the review period from 2020 to 2026.
By
application, the market has been segmented into field farming, harvest
management, dairy & livestock management, irrigation management, inventory
management, and others. The field farming segment is expected to dominate the
review period. The harvest management segment is expected to register the
highest CAGR during the forecast period.
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Key Players:
The key players featured in the
global agriculture robots market research report are Deere &
Company (US), Trimble (US), AGCO Corporation (US), DeLaval (Sweden), DJI
(China), Boumatic Robotics (Netherlands), Lely (Netherlands), AgJunction Inc.
(US), Topcon Positioning Systems, Inc. (US), AgEagle Aerial Systems, Inc. (US),
and Yanmar Co. (Japan) among others.
Segments:
Based on the Robot Type, the Agriculture
Robot Market has been segmented into UAV, milking robots, driverless tractors,
automated harvesting systems, and others.
Based on Farm Type, the Agriculture
Robot Market has been segmented into outdoor and indoor.
Based on Farm Produce, the Agriculture
Robot Market has been segmented into fruits & vegetables, field crops,
dairy & livestock, and others.
Based on Application, the Agriculture
Robot Market has been segmented into field farming, harvest management, dairy
& livestock management, irrigation management, inventory management, and
others
By Region, the Agriculture Robot
Market has been segmented into North America, Europe, Asia-Pacific, and the
rest of the world.
Regional Analysis:
The
geographical analysis of the global agriculture robots market has been
conducted for North America, Europe, Asia-Pacific, and the rest of the world.
The
North American market has been segmented into the US, Canada, and Mexico. The
regional market is expected to account for the second-largest share of the
global agriculture robots market during the review period. The growth of the
market in North America can be attributed to the high concentration of market
players and the easy availability of proficient technical expertise in the
region.
In
terms of market size, Europe is projected to hold the largest share in the
agriculture robot market. The European market has been divided into Germany,
the UK, France, and the rest of Europe. In the last decade, Germany has
witnessed significant growth in the indoor farming robot segment. The region
has witnessed a rise in partnerships among the key market players. For
instance, in May 2019, AgJunction collaborated with technology firm Swift
Navigation to develop low-cost, autonomous tractors for agricultural
applications.
The
market in Asia-Pacific is projected to record the highest growth during the
review period of 2020 to 2026. The regional market has been divided into China,
Japan, India, South Korea, and the rest of Asia-Pacific. China is the leading
revenue contributor to the Asia-Pacific agriculture robot market, owing to the
high adoption of technologies and innovations. The growing population and
limited availability of arable land, shortage of farm labor, and increasing
demand for organic food across the region are expected to impact the market
during the forecast period positively.
The
rest of the world consists of the Middle East & Africa and South America.
Among these, the Middle East & Africa market is expected to register a
significant CAGR during the review period. The growing adoption of robotics in
the region fuels the growth of the market.
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