Global Agriculture Autonomous Robots Market to Grow by 19.16% between 2022 and 2027 - BIS Research Study
The study projects the market to reach $10.50 billion in terms of revenue by 2027
FREMONT, Calif., Aug. 17, 2022 /PRNewswire/ -- BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Agriculture Autonomous Robots Market – A Global and Regional Analysis.
According to this study, the global agriculture autonomous robots market size (in revenue) was $3.92 billion in 2021 and is projected to reach $10.50 billion by 2027.
The following factors are responsible for the increase in demand for agriculture autonomous robots:
- Growing focus on environmental sustainability
- Aging workforce leading to skill shortage
- Escalating adoption of precision agriculture technologies
The detailed study is a compilation of 85 market data tables and 28 figures spread through 184 pages.
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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.
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
- Agrobot
- BouMatic
- DAIRYMASTER
- Deere & Company
- Ecorobotix SA
- GEA Group Aktiengesellschaft
- KUBOTA Corporation
- Lely
- Naio Technologies
- Robert Bosch GmbH
- Saga Robotics AS
- Uniseed
- Verdant Robotics
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."
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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
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Autonomous Agriculture Equipment Market
Agriculture Drones and Robots Market
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.
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