Global Agricultural Robots Market to Reach $17.8 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global agricultural robots market reached a value of US$ 6.3 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 17.8 Billion by 2027, exhibiting a CAGR of 18.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor

Agricultural robots, also known as agribots, are one of the latest innovations in the agriculture industry. They are autonomous machines utilized for improving quality and efficiency of yield, minimizing reliance on manual labor, and increasing the overall productivity. Agricultural robots are usually equipped with end effectors or specialized arms for performing a wide range of horticultural activities such as weed control, seeding and planting, aerial data collection, filed mapping, fertilizing and irrigation, intercultural operations, harvesting, soil analysis, and environmental monitoring. Apart from this, these robots are also employed for washing and milking livestock in the dairy farming industry

Global Agricultural Robots Market Drivers:

With growing population, the demand for food is rising at a rapid pace worldwide. As a result, farmers are now shifting towards modern tools and equipment, such as agricultural robots, to increase their total productivity and generating more revenue.

Further, governments around the world are offering subsidies and undertaking initiatives to propagate awareness about automated technologies among farmers.

For instance, the European Union has funded projects, such as GRAPE and MARS, to replace labor-intensive tasks with advanced automated technologies. Moreover, several established and start-up agricultural companies are investing in research and development activities to introduce an innovative range of agricultural robots

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global agricultural robots market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and offering

Breakup by Product Type:

• Unmanned Aerial Vehicles (UAVs)/Drones
• Milking Robots
• Automated Harvesting Systems
• Driverless Tractors
• Others

Breakup by Application:

• Field Farming
• Dairy Farm Management
• Animal Management
• Soil Management
• Crop Management
• Others

Breakup by Offering:

• Hardware
• Software
• Services

Regional Insights:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Agricultural Robots Market

6 Market Breakup by Product Type

7 Market Breakup by Application

8 Market Breakup by Offering

9 Market Breakup by Region

10 Global Agricultural Robots Industry: SWOT Analysis

11 Global Agricultural Robots Industry: Value Chain Analysis

12 Global Agricultural Robots Industry: Porters Five Forces Analysis

13 Global Agricultural Robots Industry: Price Analysis

14 Agricultural Robots Manufacturing Process

15 Competitive Landscape

Companies Mentioned

• Deere & Company
• Trimble Inc.
• Agco Corporation
• Lely Holding S.A.R.L
• AG Eagle LLC
• Agribotix LLC
• Agrobot
• Harvest Automation
• Naio Technologies
• Precision Hawk
• IBM
• AgjunctionInc.
• DJI
• Boumatic Robotics
• B.V.
• AG Leader Technology
• Topcon Positioning SystemsInc.
• Autocopter Corp
• Auroras S.R.L.
• Grownetics Inc. and Autonomous Tractor Corporation.

For more information about this report visit Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027