Government bodies in developing countries have started creating awareness programs, reforming policies, and forming tie-ups with the private sector to encourage the adoption of robotic solutions and promote smart farming. For instance, in December 2022, the Department for Environment, Food & Rural Affairs (U.K.) partnered with UK Research and Innovation (UKRI) to provide USD 13.2 million (EUR 12.5 million) for funding agriculture and horticulture automation and robotics to boost productivity, reduce labor demand, and create more sustainable farming practices. Also, in August 2022, India’s Ministry of Agriculture & Farmers’ Welfare announced various initiatives, including the National e-Governance Plan in Agriculture (NeGP-A), wherein funds are being provided to facilitate the use of modern technologies such as Artificial Intelligence (AI), Machine Learning (ML), robotics, drones, data analytics, and blockchain to encourage digital agriculture in the country. Such government initiatives are driving the adoption of agricultural robots among farmers, Boosting the growth of this market.
Increasing Number of Start-ups in the Agro-tech Industry is a Key Trend in Agriculture Robots Market
Agro-tech start-ups are developing technologies, including robotics, AI, and IoT, allowing farmers to maximize yields by controlling every variable of crop farming, such as moisture levels, soil conditions, and micro-climates, through automation. Thus, agricultural robots have enabled farmers to increase productivity and profitability by providing more accurate techniques for planting and growing crops. Most of these start-ups are focused on securing funds to develop innovative robotic solutions for the agriculture sector. Some of the recent developments are as follows:
- In August 2022, Muddy Machines Ltd (U.K.), a U.K.-based start-up, secured USD 1.8 million in funding to develop a robotics platform for the deployment of various harvesting tools for crop farming and help farmers produce food with a lower impact on the environment.
- In August 2021, Tartan Aerial Sense Tech Pvt Ltd (rebranded as Niqo Robotics) (India), an agro-tech start-up, raised USD 5 million in funding to offer farmers solutions for all major farming activities such as sowing, spraying, weeding, and harvesting and bring down the cost of cultivation.
These start-ups are working on technologies, including robotics, blockchain, artificial intelligence, computer vision, big data analytics, and IoT, to improve crop yields, supply chains, and sustainability. Europe has witnessed the emergence of agro-tech start-ups that are enabling farmers to manage their farms through robots and perform data analytics concerning crop health and quality. Thus, this increasing number of agro-tech start-ups is expected to support market growth in the coming years.
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