Agricultural Robots Market: Cutting-edge Tech & Top Applications - PowerPoint PPT Presentation

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Agricultural Robots Market: Cutting-edge Tech & Top Applications

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Title: Agricultural Robots Market: Cutting-edge Tech & Top Applications


1
Agricultural Robots Market Cutting-edge Tech
Top Applications
By Sanjana Rajpal
The agriculture industry is plagued by real
problems. The traditional farming methods
struggle to keep up with the efficiencies and
demand for the workforce. Hence, the introduction
of automated farming attempts to counter these
problems by using robotics and advanced sensing.
The Global Agricultural Robots Market was worth
4298.87 million in 2021 and is projected to
reach up to 17610.54 million by 2028, growing at
a CAGR of 19.98 over the forecast period
2022-2028. The rising human population, keeping
track of environmental footprints, and reduction
in severe labor shortage are top drivers
propelling the growth of the studied
market. Further, the entrance of artificial
intelligence in modern agriculture has enabled
companies to launch precision techniques, aiding
farming practices. For instance,
2
  • products such as Apple Packer launched by
    Robotics plus allow robotic machines to pick and
    pack apples. Thus, increased production of
    technological driven products is likely to
    generate prospects for the market during the
    forecast period.
  • Robotics and its Applications in Agriculture
  • Robots are machines that work autonomously
    without human intervention and effectively
    complete tasks with greater accuracy and in less
    time. The introduction of automation in the
    agriculture industry helps the farmers to enhance
    their efficiency, lessen operating costs and
    enable round-the-clock work, thereby reducing the
    need for a skilled workforce. The demand for
    agricultural robots is primarily determined by
    the reduced human efforts, which directly results
    in the labor cost reduction during agricultural
    functions.
  • There are several benefits of using robots in
    farming, namely cloud seeding, fruit picking,
    harvesting, environmental monitoring, weed
    control, soil analysis, and planting seeds. This
    is projected to witness traction with the
    integration of technological advancements. In
    2021, Crop Production dominated the application
    segment with a revenue of 1037.26 million, owing
    to the development of independently operating
    machines for different purposes like sowing,
    fertilization, irrigation, harvesting, etc.
  • The segments development is also a result of
    some notable products launched by the key market
    players. Some of them are mentioned below
  • A driverless tractor, launched by Dheere
    Company, is used for sowing and plowing,
    navigated independently with the help of in-built
    GPS.
  • Another company, SZ DJI Technology Co., built
    AGRAS T30, a drone that makes the spraying
    process more effective.
  • TartanSense offers autonomous machines like
    BladeRunner, a tractor- pulled mechanical
    weeder and spot sprayer used for spraying,
    weeding, sowing and harvesting.
  • Lely Holding SARL launched Astronaut A5, a cow
    milking robot with multi- application use, such
    as a cleaning system and steam disinfection.
  • See and Spray robots offered by Dheere
    Company can reduce

agrochemical use by 90, reducing crop damage.
3
  • Ecorobotix provides lightweight GPS, a completely
    autonomous drone with the ability to use its
    solar power to run all day. The robot uses its
    complex camera system to target and spray weeds.
  • Some of the popular types of robots contributing
    revenue to the market are UAVs/drones, milking
    robots, automated harvesting systems, and
    driverless tractors. The segment uses methods
    that enable robot-assisted precision agriculture
    techniques, providing farmers with several
    advantages.
  • Further, the United States recorded the highest
    use of drones in agriculture for seeding,
    chemical spraying, crop monitoring, irrigation
    control and livestock management. As a result,
    North America held the largest regional market in
    2021 with a CAGR of 19.43 and is expected to
    maintain its stronghold throughout the
    forecasting period.
  • To Conclude
  • The embark of technology in agriculture has
    solved farmers age-old problems and enabled them
    to earn higher outputs from existing lands and
    animals. However, huge investments and a dearth
    of knowledge in handling are projected to hinder
    the agricultural robots markets growth.
  • To overcome these challenges, market players are
    continuously updating technology and investing in
    research and development activities to introduce
    an innovative range of agricultural robots to
    boost their product offerings, thereby resulting
    in a higher competitive rivalry.
  • The players continuously compete to gain a large
    market share and expand their operations in other
    regions by merging with smaller companies to
    acquire their customer base. For instance
  • In December 2021, AGCO Corporation acquired
    Appareo Systems LLC, which deals in technology
    applications.
  • In November 2021, CNH Industrial acquired Raven
    Industries Inc., a leader in

agriculture technology.
4
  • In October 2021, BouMatic Robotics B.V. acquired
    SAC Group, a well-known full-line producer of
    complete milking systems for cows, sheep goats.
  • In November 2020, Deere Company acquired
    Harvest Profit, a leading provider of farm
    profitability software.

FAQ Q1) What are the challenges faced by the
studied market? Huge investments in the
procurement of agricultural robots and a lack of
knowledge in handling them are projected to
hamper the markets growth. Q2) Which region is
expected to grow the fastest in the studied
market? The Asia-Pacific region is expected to
grow the fastest in the global agricultural
robots market, with a CAGR of 20.62 during the
forecast period.
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