Agriculture Robots

Agriculture Robots Market to be Worth $28.2 Billion by 2031

Global Agriculture Robots Market 2024-2031 Meticulous Research , a global market research authority, unveiled its report, '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 - Worldwide Forecast to 2031. According to the latest report from Meticulous Research , the agricultural robotics market is expected to reach $28.2 billion by 2031, with a CAGR of 16.6% in value terms. The market is also projected to reach 30,416,340 thousand units by 2031, growing at a CAGR of 8.6% in volume. The growth is propelled by the adoption of drones in smart farming, population increase, labor shortages, and supportive government initiatives for the agricultural sector. Nevertheless, high implementation costs pose a restraint to market growth. The integration of AI into agricultural robots is poised to create opportunities for market stakeholders, though the lack of technical knowledge among farmers and data privacy concerns remain significant challenges. The market is divided into offerings (hardware, software, services), deployment (indoor, outdoor), automation type (automated, semi-automated), and end use (crop farming, livestock, forestry, fishery). The report evaluates industry players and provides analysis at regional and country levels. Hardware is anticipated to dominate the market with over 88% share in 2024 due to increased adoption of livestock management robots and rapid agricultural automation. For example, MetoMotion (Israel) introduced an AI robot in February 2023 to assist tomato picking. This segment is projected to have the highest CAGR. Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Global Agriculture Robots Market 2024-2031 The outdoor segment is expected to hold over 89% market share in 2024 due to population growth, labor shortages, and the need for climate monitoring in outdoor farming. Companies are offering agricultural robots and software for crop mapping and navigation. Clearpath Robotics Inc. (Canada) launched OutdoorNav Navigation Software in October 2022 for GPS-based navigation. This segment is projected to grow at the highest CAGR. Automated systems are forecasted to dominate with over 81% share in 2024, driven by the integration of digitalization, automation, and AI in robots for various agricultural applications. For instance, Naio Technologies (France) launched Orio in February 2022, an autonomous robot for large-scale vegetable farming. This segment is projected to have the highest CAGR. Crop farming is expected to lead with over 56% share in 2024, driven by labor costs, population growth, and the need for yield quality improvement. Companies are developing autonomous platforms for farming automation. For instance, 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 the need for monitoring, disease detection, and labor shortages. In December 2022, DeLaval (Sweden) introduced OptiDuo, a robot to improve milk production by pushing feed. Europe is expected to hold the largest share of over 34% in 2024, driven by innovations in agri-tech, food supply chain pressure, and government initiatives. For instance, the European Union funded the Robs4Crops project in January 2021 to accelerate robotics in farming. The Asia-Pacific region 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 new 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.). Download Sample Report Here @ https://www.meticulousresearch.com/download-sample- report/cp_id=5616 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? Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Global Agriculture Robots Market 2024-2031 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? Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 Meticulous Research| sales@meticulousresearch.com