Meticulous Research ®, a key player in global market analysis, has published a report titled ‘Agricultural Robotics Market by Offering (Hardware, Software), Deployment (Indoor, Outdoor), Automation Type (Automated, Semi-automated), and End Use (Crop Farming, Livestock, Forestry, Fishery), and Region – Forecast to 2031.’
According to Meticulous Research ®, the agricultural robots market is projected to reach $28.2 billion by 2031, growing at a CAGR of 16.6%. In volume, the market is set to hit 30,416,340 thousand units by 2031, with a CAGR of 8.6%.
Growth drivers include the adoption of drones for smart farming, population growth, labor shortages, and government initiatives. High implementation costs, however, are a barrier to market expansion.
AI integration in agricultural robots presents growth opportunities, but the lack of technical knowledge among farmers and data privacy concerns remain challenges.
The market is segmented by offering (hardware, software, services), deployment (indoor, outdoor), automation type (automated, semi-automated), and end use (crop farming, livestock, forestry, fishery). The report assesses competitors and analyzes the market at regional and country levels.
The hardware segment is expected to dominate with over 88% share in 2024 due to livestock management robots and agricultural automation. MetoMotion (Israel) launched an AI robot for tomato picking in February 2023. This segment is projected to have the highest CAGR.
Outdoor deployment is anticipated to hold over 89% market share in 2024, driven by population growth, labor shortages, and the need for climate monitoring. Clearpath Robotics Inc. (Canada) introduced OutdoorNav Navigation Software in October 2022 for GPS-based navigation. This segment is expected to have the highest CAGR.
Automated systems are forecasted to dominate with over 81% share in 2024, driven by digitalization, automation, and AI integration. Naio Technologies (France) launched Orio in February 2022, an autonomous robot for vegetable farming. This segment is projected to grow at the highest CAGR.
Crop farming is expected to lead with over 56% share in 2024, driven by labor costs, population growth, and yield quality improvement needs. AGCO Corporation (U.S.) partnered with Apex.AI, Inc. (U.S.) in June 2022 to enhance its autonomous robot, Fendt Xaver, with new safety features.
The livestock segment is projected to grow the fastest, driven by monitoring needs, disease detection, and labor shortages. DeLaval (Sweden) introduced OptiDuo in December 2022, a robot to improve milk production.
Europe is expected to hold the largest share of over 34% in 2024, driven by agri-tech innovations, food supply chain pressure, and government initiatives. The European Union funded the Robs4Crops project in January 2021 to accelerate farming robotics.
Asia-Pacific is projected to grow at the highest CAGR of over 18.8%, driven by smart device adoption, food quality demands, precision farming, government initiatives, and start-ups. Countries like China, India, and Japan are enhancing agriculture profitability through automation.
Key Players
The key players operating in the agriculture robots market are 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), and Small Robot Company (U.K.).
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Key Questions Answered in the Report:
- What are the high-growth market segments in terms of the offering, deployment, automation type, and end use?
- What is the historical market size for the agriculture robots market?
- What are the market forecasts and estimates for 2024–2031?
- What are the major drivers, restraints, opportunities, challenges, and trends in the agriculture robots market?
- Who are the major players in the agriculture robots market, and what are their market shares?
- What is the competitive landscape like?
- What are the recent developments in the agriculture robots market?
- What are the different strategies adopted by major market players?
- What are the trends and high-growth countries?
- Who are the local emerging players in the agriculture robots market, and how do they compete with other players?
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