Global agrobots market is expected to grow with a double-digit CAGR for the forecast period, 2022-2026. The use of agrobots and automation technology in the agricultural industry is on the rise. The general applications of agrobots in the farming industry are fertilization and irrigation, field mapping, seeding, planting, harvesting, dairy activities. Increasing aging farmers and the shortage of workforce in the agricultural fields due to the change in preference for the adoption of other occupations for income generation is influencing the demand of agrobots around the globe. The rise in the adoption of advanced technologies to boost the agricultural yield and the growing investment by the leading players are driving the global agrobots market growth. The surge in awareness regarding the benefits of the adoption of smart farming around the globe and the increasing demand for food security is expected to contribute to the global agrobots market growth. Smart farming is defined as the farming practice in which technologies such as the internet of things, artificial intelligence, sensors, location systems are used. The use of real-time multimodal robots in agricultural fields and techniques to increase productivity from the existing farming area is expected to propel market growth for the next five years.
Global agrobots market is segmented into type, component, application, farming environment, regional distribution, and company. Based on regional analysis, the Europe region followed closely by North America is expected to hold the largest market share for the forecast period, 2022-2026. The growing focus and investments in the agricultural industry by the market players and the leading authorities are the driving factors for the market growth in the region.
The major players operating in the global agrobots market are Deere & Company, Trimble, AGCO Corporation, Lely Harvest Automation, Autonomous Tractor Corporation, Deepfield Robotics, DeLaval, Clearpath Robotics, Boumatic LLC, Naïo Technologies, AgEagle Aerial Systems, Inc., ecoRobotix Ltd, YANMAR HOLDINGS CO., LTD, KUBOTA Corporation, Harvest CROO Robotics LLC, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022–2026
Objective of the Study
- To analyze the historical growth of the market size of global agrobots market from 2016 to 2019.
- To estimate and forecast the market size of global agrobots market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast global agrobots market based on type, component, application, farming environment, regional distribution, and company.
- To identify dominant region or segment in the global agrobots market.
- To identify drivers and challenges for global agrobots market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global agrobots market.
- To identify and analyze the profile of leading players operating in global agrobots market.
- To identify key sustainable strategies adopted by market players in global agrobots market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers who could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- Agrobots manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to agrobots market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
