Agricultural Robots Market Report 2021-2026, Industry Growth, Share, Size, Demand and Future Scope

Agricultural Robots Market Report 2021-2026, Industry Growth, Share, Size, Demand and Future Scope | imarcgroup

iCrowd Newswire
21 Jan 2021, 18:04 GMT+10

The global agricultural robots market to reach a value of US$ 21.10 Billion by 2026, exhibiting a CAGR of 25.50% during 2021-2026, according to the latest report by IMARC Group.

Agricultural robots, or agribots, refer to autonomous machines that help in minimizing the dependence on manual labor and improving the overall production yield. The agriculture sector has been facing challenges such as rising input costs and lack of water resources, skilled workers and crop monitoring. To overcome these problems, robotics technology is being deployed to advance the production capabilities of farmers.

Various governments are also offering subsidies and undertaking initiatives to create awareness about automated technologies among farmers. These technologies help in performing numerous functions such as field mapping, harvesting, monitoring, irrigation and various dairy farming activities.

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Global Agricultural Robots Market Trends:

Owing to the rising population, and the consequent increase in food demand, the leading artificial intelligence (AI) companies are developing robots that are capable of handling multiple agricultural tasks at a much faster pace than human workers. Apart from this, many organizations are supporting fundamental research in the field of computing and engineering to enable advancements in robotics.

For instance, the US Department of Agriculture's (USDA) National Institute of Food and Agriculture (NIFA) has announced the joint National Robotics Initiative for the development of collaborative robots that will help in the long-term prosperity of agriculture in the country. Another emerging trend in the market is the introduction of swarm robots which can help in sowing, tilling and harvesting in future farms. These robots can also fertilize, weed and aid in controlling pests and diseases by collecting valuable data.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Table of Contents

1 Preface2 Scope and Methodology2.1 Objectives of the Study2.2 Stakeholders2.3 Data Sources2.3.1 Primary Sources2.3.2 Secondary Sources2.4 Market Estimation2.4.1 Bottom-Up Approach2.4.2 Top-Down Approach2.5 Forecasting Methodology3 Executive Summary4 Introduction4.1 Overview4.3 Key Industry Trends5 Global Agricultural Robots Market5.1 Market Overview5.2 Market Performance5.3 Market Breakup by Product Type5.4 Market Breakup by Application5.5 Market Breakup by Offering5.6 Market Breakup by Region5.7 Market Forecast6 Market Breakup by Product Type6.1 Unmanned Aerial Vehicles (UAVs)/Drones6.1.1 Market Trends6.1.2 Market Forecast6.2 Milking Robots6.2.1 Market Trends6.2.2 Market Forecast6.3 Automated Harvesting Systems6.3.1 Market Trends6.3.2 Market Forecast6.4 Driverless Tractors6.4.1 Market Trends6.4.2 Market Forecast6.5 Others6.5.1 Market Trends6.5.2 Market Forecast7 Market Breakup by Application7.1 Field Farming7.1.1 Market Trends7.1.2 Market Forecast7.2 Dairy Farm Management7.2.1 Market Trends7.2.2 Market Forecast7.3 Animal Management7.3.1 Market Trends7.3.2 Market Forecast7.4 Soil Management7.4.1 Market Trends7.4.2 Market Forecast7.5 Crop Management7.5.1 Market Trends7.5.2 Market Forecast7.6 Others7.6.1 Market Trends7.6.2 Market Forecast8 Market Breakup by Offering8.1 Hardware8.1.1 Market Trends8.1.2 Market Forecast8.2 Software8.2.1 Market Trends8.2.2 Market Forecast8.3 Services8.3.1 Market Trends8.3.2 Market Forecast9 Market Breakup by Region9.1 North America9.1.1 Market Trends9.1.2 Market Forecast9.2 Europe9.2.1 Market Trends9.2.2 Market Forecast9.3 Asia Pacific9.3.1 Market Trends9.3.2 Market Forecast9.4 Middle East and Africa9.4.1 Market Trends9.4.2 Market Forecast9.5 Latin America9.5.1 Market Trends9.5.2 Market Forecast10 Global Agricultural Robots Industry: SWOT Analysis9.1 Overview9.2 Strengths9.3 Weaknesses9.4 Opportunities9.5 Threats11 Global Agricultural Robots Industry: Value Chain Analysis12 Global Agricultural Robots Industry: Porters Five Forces Analysis12.1 Overview12.2 Bargaining Power of Buyers12.3 Bargaining Power of Suppliers12.4 Degree of Competition12.5 Threat of New Entrants12.6 Threat of Substitutes13 Global Agricultural Robots Industry: Price Analysis14 Agricultural Robots Manufacturing Process14.1 Product Overview14.2 Raw Material Requirements14.3 Manufacturing Process14.4 Key Success and Risk Factors15 Competitive Landscape15.1 Market Structure15.2 Key Players15.3 Profiles of Key Players15.3.1 Deere & Company15.3.2 Trimble Inc.15.3.3 Agco Corporation15.3.4 Lely Holding S.À.R.L15.3.5 AG Eagle LLC15.3.6 Agribotix LLC15.3.7 Agrobot15.3.8 Harvest Automation15.3.9 Naio Technologies15.3.10 Precision Hawk15.3.11 IBM15.3.12 Agjunction, Inc.15.3.13 DJI15.3.14 Boumatic Robotics, B.V.15.3.15 AG Leader Technology15.3.16 Topcon Positioning Systems, Inc.15.3.17 Autocopter Corp15.3.18 Auroras S.R.L.15.3.19 Grownetics Inc.15.3.20 Autonomous Tractor Corporation

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