New York, (USA):- The global agricultural robot market size was US$ 4.8 billion in 2021. The global agricultural robot market is expected to reach US$ 101.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 35.6% during the forecast period of 2022 to 2030.
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Agricultural robots are advanced sensing, mobility and navigation technologies used for the production of cereals, grains, vegetables, fruits, etc. Automated technology is used to achieve the best results with high quality performance. Agricultural robots are self-powered machines that can perform difficult tasks. The use of robotics in the agricultural industry has increased production and product quality. These technological improvements make it possible to increase production more quickly and produce food in the shortest possible time.
Factors influencing the market
The growing support from government agencies in the form of incentives is expected to bring about positive changes in the agricultural sector. Governments are making several efforts to increase knowledge about the benefits of smart technologies in the agricultural sector. Apart from this, growing population across the globe and growing demand for increasing agricultural production is expected to fuel the growth of the agricultural robot market over the forecast period.
High demand for food supply and increase in population will contribute to the growth of the agricultural robot market over the study period.
Management software for use on farms will help analyze data on temperature, soil fertility, weather, and many other variables using low-cost IoT devices. They also offer information to help with planning, optimizing yield and decision making to increase production. Thus, these highly advanced applications are expected to drive the growth of the global agricultural robot market over the study period.
For farms, various companies offer soil sensors to raise awareness of soil conditions. Technological advancements like this are fueling the agricultural robot market. Consumer interest in sophisticated sensors and automated technologies is increasing, which is driving the expansion of the market.
On the other hand, the high cost of agricultural robots is the main restraint for the growth of the market.
North America will dominate the agricultural robot market over the study period. It is due to the presence of a large number of farmers in the region. Furthermore, rising investment in the technology sector combined with early adoption of advanced technologies is expected to provide lucrative growth opportunities for the overall market over the study period. In addition, the Asia-Pacific market is expected to witness incessant opportunities owing to the increase in population and growing efforts by the government to increase agricultural production.
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COVID-19 impact analysis
Due to the COVID-19 pandemic, the demand for agricultural robots has declined significantly, due to declining consumer purchasing power and supply chain disruptions faced by industry players.
• AGCO Company
• Autonomous Solutions, Inc.
• Blue River Technology
• Automation of harvesting
• Lely Industries
• Naio Technologies
• Precision Falcon
• Deere & Company
• Other top players
The global agricultural robots market segmentation focuses on product, application and region.
By product type
• Unmanned Aerial Vehicles (UAV)
• Driverless tractors
• Automated harvesting systems a
• Inventory management
• Harvest management
• Open field agriculture
• Dairy management
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By regional perspectives
● North America
o United States
▪ Western Europe
o United Kingdom
o Rest of Western Europe
▪ Eastern Europe
o Rest of Eastern Europe
o Australia and New Zealand
o Rest of Asia-Pacific
● Middle East and Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Rest of South America
What is the purpose of the report?
1.The market report presents the estimated market size at the end of the forecast period. The report also examines historical and current market sizes.
2.During the forecast period, the report analyzes the growth rate, market size and market valuation.
The report outlines current industry trends and future potential for North America, Asia-Pacific, Europe, Latin America, Middle East and Africa markets.
3.The report provides a comprehensive view of the market based on geographic scope, market segmentation, and financial performance of major players.
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