Global Agriculture Drones and Robots Market to Reach $23.06 Billion by 2028

Rise in the usage of agricultural drones and robots is growing owing to the increasing applications in areas, such as precision crop farming, livestock monitoring and management, indoor farming, aquaculture, forestry, and orchards, among others. Agricultural robots are also expected to reduce the ecological footprint of daily farming. A large share of market is driven by the initiatives, policies, and support shown by governments in countries such as the U.S., the U.K., Germany, France, Australia, and China. The rising concern over global food security and sustainability have led to extensive investments by the governments across the world.

The agriculture industry is expected to witness the most widespread adoption of drones in the next ten years. China is one of the leading manufacturers of drone hardware, however the North American and European agriculture drone companies lead the market in terms of integrated drone solutions prompted by a trend of market consolidation in those regions. The agriculture robots market encompasses a wide array of robot types such as milking robots, harvesting robots, picking, robots, weeding robots, autonomous robot tractors, seeding robots, and pruning robots.

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According to Arvind Pal, Analyst at BIS Research, "In 2018, milking robots held approximately 83% share of the total agriculture robots market. Technology maturation and widespread adoption are the major reasons behind the reported growth of this agricultural robot type. Countries from Europe and Oceania lead the market for milking robots. Growing number of indoor farms also drive the increase in revenue for agricultural robots. Picking robots amongst the robot types have gained the maximum growth due to the increase in indoor farms."

Structured terrain and planned infrastructure in indoor farming environment eases the movement and operation of agricultural robots in the facility. This factor has been attributed as the major contributing factor for the large presence of robots for indoor farming. Agriculture robot companies incubated and funded by large global agriculture corporations are launching new products for weeding, harvesting, and picking.

To promote the growth of agricultural robots, governments and private players have introduced agricultural robots as service. It allows farmers to utilize advanced solutions for selective purposes and enables to pay per use. The Agriculture Robot-as-a-Service (ARaaS) business model is expected to create a massive disruption in the agricultural robots market. Service business model provides the flexibility to growers to variably invest into emerging technologies and realize the best combination of smart farming technologies for their farm at their convenient budget.

Agriculture robots for livestock produce held the largest share amongst other fam produce types in the global agriculture robots market in 2018. The dominant share held by milking robots amongst all other types of agricultural robots contributed majorly in making robots for livestock produce, the highest revenue generating farm produce in the global agriculture robots market.

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Presently, Europe was at the forefront of the global agriculture robots market. The high revenue generation was majorly credited to a favorable growth rate of agricultural robots for livestock and aquaculture produce in Europe. Looming concern of the lack of manual labor for agriculture is expected to propagate R&D of agricultural robots in the region, leading to further growth of the Europe agricultural robots market during the forecast period.

This report is a meticulous compilation of research on more than 100 players in the global agriculture drones and robots market ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 40 leading companies, market participants, and vendors. The report also profiles 30 leading companies, namely 3D Robotics Inc., AeroVironment Inc., Parrot SA, PrecisionHawk Inc., SZ DJI Technology Co. Ltd., Trimble Inc., Yamaha Motor Co. Ltd., Boumatic Robotics, Dairymaster, DeLaval, Fullwood Ltd., GEA Group, Lely S.a.r.l., Autonomous Tractor Corporation, CLAAS Group, CNH Industrial, Deere & Company, Kubota Corporation, Smart AG, Yanmar Co. Ltd., Abundant Robotics Inc., AGCO Corporation, Clearpath Robotics, Deepfield Robotics, ecoRobotix Ltd., Harvest Automation Inc., Harvest Croo Robotics, Iron Ox, Naio Technologies, and Robotics Plus.

Key questions addressed in the report:

Related Reports:

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