Agriculture Robots Market to be Worth $28.2 Billion by 2031

Agriculture Robots Market by Offering (Hardware, Software), Deployment (Indoor, Outdoor), Automation Type (Automated, Semi-automated), and End Use (Crop Farming, Livestock, Forestry, Fishery), and Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, 'Agriculture Robots Market by Offering (Hardware, Software), Deployment (Indoor, Outdoor), Automation Type (Automated, Semi-automated), and End Use (Crop Farming, Livestock, Forestry, Fishery), and Geography - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, in terms of value, the agricultural robots market is projected to reach $28.2 billion by 2031, at a CAGR of 16.6% during the forecast period. Also, in terms of volume, the agricultural robots market is projected to reach 30,41,634 thousand units by 2031, at a CAGR of 8.6% during the forecast period.

The growth of the agriculture robots market is driven by the rising adoption of drones for smart farming, population growth & labor shortages, and increasing government initiatives supporting the agriculture sector. However, the high costs of implementing agricultural robots restrain the growth of this market.

Furthermore, the increasing integration of artificial intelligence into agricultural robots is expected to generate growth opportunities for the stakeholders in this market. However, the lack of technical knowledge among farmers and data privacy concerns are major challenges impacting the growth of the agriculture robots market.

The agriculture robots market is segmented by offering (hardware (semi/autonomous tractors, drones/UAVs (rotary blades, fixed wings, hybrid), milking robots, harvesting robots, feeding robots, robot accessories, other hardware), software, services (consulting & training services, installation services, maintenance & repair services)), deployment (indoor, outdoor), automation type (automated, semi-automated), end use (crop farming (crop monitoring, harvesting & picking, irrigation management, crop spraying, weather tracking and monitoring, inventory management, seed planting, other crop farming applications), livestock (milking, health monitoring, feeding, inventory management, other livestock applications), fishery, forestry). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on offering, the agriculture robots market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of above 88% of the agriculture robots market. The large market share of this segment is attributed to the increasing adoption of livestock management robots, rapid automation of agricultural processes, growing population, and shortage of labor. Several organizations are focusing on providing robot hardware to overcome the labor shortage issue across the globe. For instance, in February 2023, MetoMotion (Israel) launched an AI robot for picking tomatoes to help farmers solve the labor shortage problem of fruit and vegetable pickers. Moreover, this segment is also projected to register the highest CAGR during the period.

Based on deployment, the agriculture robots market is segmented into indoor and outdoor. In 2024, the outdoor segment is expected to account for the larger share of above 89% of the agriculture robots market. The large market share of this segment is attributed to the growing population, shortage of labor, and increasing need to monitor weather and climatic changes for outdoor farming. Organizations provide agriculture robots and software for mapping, navigation, and monitoring crops. For instance, in October 2022, Clearpath Robotics Inc. (Canada) launched OutdoorNav Navigation Software, an autonomous navigation software platform, to provide GPS-based navigation and mapping purposes in outdoor farming. Moreover, this segment is also projected to register the highest CAGR during the period.

Based on automation type, the agriculture robots market is segmented into automated and semi-automated. In 2024, the automated segment is expected to account for the larger share of above 81% of the agriculture robots market. The large market share of this segment is attributed to the integration of a variety of technologies in robots, such as digitalization, automation, and artificial intelligence, which plays a major role in crop production, livestock management, fishery, and forestry applications. Several organizations are focusing on providing fully automated robots for agricultural applications. For instance, in February 2022, Naio Technologies (France) launched Orio, an autonomous agriculture robot designed for large vegetable production, high-precision seeding & fertilizing, and monitoring the crops. Moreover, this segment is also projected to register the highest CAGR during the period.

Based on end use, the agriculture robots market is segmented into crop farming, livestock, forestry, and fishery. In 2024, the crop farming segment is expected to account for the largest share of above 56% of the agriculture robots market. The large market share of this segment is attributed to the rising labor cost, increasing population growth, and increasing need to improve the quality and productivity of yield. Several companies have started focusing on new strategic developments in autonomous platforms to offer new features to automate farming processes. For instance, in June 2022, AGCO Corporation (U.S.) partnered with Apex.AI, Inc. (U.S.) to add new capabilities to its autonomous farming robot, “Fendt Xaver,” by incorporating the Apex.OS software development kit to implement safety-critical applications to detect objects and prevent collision during the agricultural process.

However, the livestock segment is projected to register the highest CAGR during the period. The growth of this segment is driven by the increasing need for livestock monitoring and disease detection, labor shortage, and the rising cattle population with increasing dairy farms. In December 2022, DeLaval (Sweden) launched OptiDuo, a feed-pushing robot to constantly refresh the feed to provide stable rumen and produce more milk.

Based on geography, the agriculture robots market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Europe is expected to account for the largest share of above 34% of the agriculture robots market. The major factors driving the market's growth in Europe market are the innovation in the European agri-tech industry, rising pressure on the food supply chain, rising adoption of precision farming, and government initiatives in the region to increase the implementation of advanced technology in agriculture. Government and agriculture stakeholders in this region are showing interest in enhancing the business structure of the agriculture sector by investing heavily in the implementation of robotics and automation in the European agriculture sector. For instance, in January 2021, the European Union offered USD 9.3 million (EUR 7.9 million) funding for the Robs4Crops project to accelerate the shift toward the large-scale implementation of robotics and automation in European farming. This project started in January 2021 and will run for four years.

However, Asia-Pacific is projected to record the highest CAGR of above 18.8% during the forecast period. The region’s growth is attributed to the increasing adoption of smart devices for agriculture, rising demand for enhanced food quality, growing adoption of precision farming & government initiatives, and the growing number of start-ups in the region. Countries like China, India, and Japan have adopted agriculture robots to automate agricultural processes, transforming agriculture earnings with increased profitability.

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.).

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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?
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?

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