The global agriculture autonomous robots market was valued at $3.92 billion in 2021 and is projected to reach $10.50 billion in 2027, growing at a CAGR of 19.16% during the forecast period 2022-2027. The growth in the global agriculture autonomous robots market is expected to be driven by increasing demand for food and the growing need for precision, digital, and smart agriculture practices.
Read Report Overview: Agriculture Autonomous Robots Market
Recent Developments in the Global Agriculture Autonomous Robots Market
- In April 2022, Verdant Robotics announced a robotic solution for farms that can help spraying and weeding simultaneously with the help of machine learning, artificial intelligence (AI) perception, and robotics technology.
- In December 2021, Lely collaborated with Dutch-based Connectera B.V. With this collaboration, Lely aimed to use Connecterra B.V.'s advancements in machine learning and artificial intelligence to provide more insights to farmers. Also, the technologies aid in integrating farm technologies with artificial intelligence for developing farm management systems.
- In October 2021, BouMatic acquired SAC Group, a well-reputed full-line producer of complete milking systems for cows, sheep, and goats. This acquisition was expected to aid BouMatic in expanding its global presence and product catalog.
Milking Robots to Be the Leading Product Application between 2022 and 2027
The global agriculture autonomous robots market is broadly categorized into four product types. These products are as follows:
- Crop Harvesting Robots
- Weeding Robots
- Milking Robots
- Others (livestock monitoring robots, spraying robots, and irrigation robots)
As per the market study conducted by BIS Research, the milking robots segment is expected to be the leading product application for the global agriculture autonomous robots market. As per the report, this product segment is expected to grow at a CAGR of 20.34% during the forecast period 2022-2027 due to the rising use of automation in dairy farms.
A milking robot is an automated milking technique for cows to drink, eat, and be milked in their schedule. Milking robot systems give a computer-formulated diet automatically to the cows, removing the need for manual labor.
Why Should You Buy the Report?
Following are some key reasons to buy the report on the global agriculture autonomous robots market:
- Extensive competitive benchmarking of the top 14 players, including crop monitoring, inventory management, harvesting and picking, dairy farm management, and others, to offer a holistic view of the global agriculture autonomous robots market landscape
- Market ranking analysis based on product portfolio, recent developments, and regional spread conducted in the report
- The study includes investment landscape such as product adoption scenario, funding, and patent analysis
Analyst's Take on the Market Projection
According to Rakhi Tanwar, Principal Analyst, BIS Research, "The demand for agriculture autonomous robots is highly impacted by the adoption of sustainable farming practices coupled with the lack of manual labor in developed countries. Through a better adoption of smart farming practices and digitally operated web-based equipment, the market for agriculture autonomous robots is expected to increase significantly over the forecast period."
Existing Competitive Landscape
The companies that are profiled have been selected based on primary research inputs gathered from a network of industry experts and analyzing company coverage, product portfolio, and market penetration.
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The top segment players leading the market include crop monitoring and dairy farm management, which capture around 65% of the presence in the market. Players in other technologies, such as inventory management and harvesting and picking, account for approximately 35% of the presence in the market as of 2021.
Some prominent names established in this market are:
- AGCO Corporation
- Deere & Company
- Ecorobotix SA
- GEA Group Aktiengesellschaft
- KUBOTA Corporation
- Naio Technologies
- Robert Bosch GmbH
- Saga Robotics AS
- Verdant Robotics