According to research by marketing firm Brandessence, the agricultural robot market was valued at approximately $2020 billion in 4,6. It is expected to reach $2027 billion by 26,7, with a compound annual growth rate (CAGR) of 28,7% over the forecast period. , according to the official website of the company.
Weed control, sowing seeds, planting tubers, harvesting, environmental monitoring and soil analysis are just some of the applications of robots and drones in agriculture. Fruit picking robots, autonomous robotic tractor/sprayers are designed to replace human labor. Other horticultural tasks that robots can perform include pruning, weeding, spraying, and tree monitoring.
Robots have a number of advantages for the agricultural industry: they provide improved quality of fresh produce, lower production costs and reduced need for manual labor. They can also be used to automate manual operations such as weed spraying when using tractors or other manned vehicles would be too unsafe for workers.
The COVID-19 pandemic has boosted the popularity of agricultural robots. In many countries today there is a shortage of labor. In France, for example, about 45 people are required to work on farms.
The development of the market is also stimulated by a supportive government policy.
However, the introduction of robots requires large capital expenditures, and their initial setup requires a long learning curve. However, agricultural robots perform many tasks with greater efficiency and also provide higher profitability, and the growing advancement in technology may provide various opportunities for further market growth.
North America is expected to dominate in the future due to high labor costs, increasing technological progress, early adoption of advanced agricultural technologies, and the presence of key players in the region.
In general, the market for agricultural robots will grow in the Asia-Pacific region due to growing government support and technological advances in the agricultural industry.
In the coming years, the global market for agricultural robots will show significant growth, driven by an increase in population and a growing shortage of labor. The latter factors contribute to the digitalization and automation of production processes, as well as the development of the Internet of things (IoT) and navigation technologies, which will reduce the cost of automation.
Among the leading companies involved in the production of agricultural robots, such large companies as Deere & Company, DJI, CNH Industrial NV, AGCO Corporation, DeLaval, Trimble, Lely and others. Key players in the global agricultural robot market today are focused on reducing costs through the innovation they can bring to the production of such machines.