Agricultural Robots Market Size, Share, Trends, Application Analysis and Growth by Forecast to 2022 to 2032

The global market for agricultural robots is expected to be worth $5,994.27 million by 2022. Sales of $30,500.51 million at a CAGR of 17.7% are anticipated to be generated by 2032 on the global market for agricultural robots.

Because automation is fueled by a growing population and workforce shortages, developing IoT and navigation technology lowers the expenses related to automation.It is expected that rapidly evolving technologies will have a significant impact on a wide range of industries.

Consumer demand for food is growing along with the world's population. The agricultural industry is now progressively embracing technological solutions to raise agricultural productivity.

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Agriculture Robotics Market: Drivers and Restraints

Replace farmer’s effort with smart robots is the major driver propelling the growth of the market. Also, population all across the world is increasing, which is fuelling the demand for more crop production, thus piloting the growth of agriculture robotics market during the forecast period.

The government of emerging nation such as India and China is focussing on launching smart farmer project, which is anticipated to create huge industry expansion opportunity in the nearer future. Further, the demand for driverless tractor and increasing application of robots for indoor farming, dairy management, and horticulture are the other factors responsible for the growth of the agriculture robotics market.

High initial investment and skilled staff for accessing the robot are the two factors coupled together to challenge the growth of the agriculture robotics market in recent years. Apart from this, government subsidy and farmer development training programs may assist in overcoming the above mention challenge.

Market Competition

Tractor LLC,
Blue River Technology Inc.,
AutoProbe Technologies LLC,
BouMatic Robots BV,
Deere Company,
Harvest Automation Inc.,
Precision Hawk,
Yamaha Motor Corporation, and
GoPro, Inc.

are among the key players in the agricultural robot market.

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Global Agriculture Robotics Market: Regional Trend

North America is expected to witness largest market growth regarding revenue, owing to increasing penetration towards modern agriculture equipment. Further countries such as Canada and U.S are anticipated to exhibit positive market growth, due to increasing inclination adoption of the automation process.

Asia-Pacific countries such as China, India are estimated to capture fastest market growth, owing to supportive government regulation to encourage smart agriculture project in the respective region, is expected to spur the demand for agriculture robotics in forthcoming years.

Key Segments Covered in the Agricultural Robots Industry Survey

Agricultural Robots Market by Product Type: