Agriculture Robots Market to be Worth $23.9 Billion by 2030

June 22, 2024

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Meticulous Research®, a leading global market research company, has published a report titled, “Agriculture Robots Market by Offering (Hardware, Software), Deployment (Indoor, Outdoor), Automation Type (Automated, Semi-automated), and End Use (Crop Farming, Livestock, Forestry, Fishery) – Global Forecast to 2030.”

According to this latest publication, the agriculture robots market is projected to reach $23.9 billion by 2030, growing at a CAGR of 15.8% during the forecast period. The market growth is driven by the increasing adoption of drones for smart farming, population growth, labor shortages, and supportive government initiatives. However, high implementation costs hinder market growth.

The integration of artificial intelligence into agricultural robots is expected to provide growth opportunities, while challenges include a lack of technical knowledge among farmers and data privacy concerns. Trends like Robot-as-a-Service (RaaS) and the rise of start-ups in the agro-tech industry are also notable.

Meticulous Research® has segmented the market based on offering, deployment, automation type, end use, and geography for efficient analysis. The study evaluates industry competitors and analyzes the market at regional and country levels.

For Detailed analysis download the SAMPLE REPORT: https://www.meticulousresearch.com/download-sample-report/cp_id=5616

Market Segmentation and Key Insights:

Offering:

Hardware: Expected to account for the largest share in 2023 and register the highest CAGR due to increasing adoption of livestock management robots and automation of agricultural processes.
Software
Services

Deployment:

Outdoor: Expected to hold the larger share in 2023 and register the highest CAGR, driven by the need to monitor weather and climatic changes for outdoor farming.
Indoor

Automation Type:

Automated: Expected to dominate in 2023 and register the highest CAGR, driven by advanced technology adoption and labor shortages.
Semi-automated

End Use:

Crop Farming: Expected to hold the largest share in 2023 due to rising labor costs and the need to improve yield quality and productivity.
Livestock: Projected to register the highest CAGR.
Forestry
Fishery

Geography:

Europe: Expected to account for the largest share in 2023 due to innovation in the agri-tech industry and government initiatives.
Asia-Pacific: Projected to register the highest CAGR during the forecast period.
North America

· Latin America

· Middle East & Africa

Key Players:

Yanmar Holdings Co., Ltd. (Japan), AgEagle Aerial Systems Inc. (U.S.), Lely International N.V. (Netherlands), BouMatic (U.S.), DJI (China), Deere & Company (U.S.), XAG Co., Ltd. (China), Clearpath Robotics Inc. (Canada), Naio Technologies (France), Robotics Plus Limited (New Zealand), GEA Group Aktiengesellschaft (Germany), DeLaval (Sweden), Small Robot Company (U.K.)

Download Sample Report Here: Sample Report

Key Questions Answered: