Agricultural Robots Market Showcases Promising Growth Forecast

Agriculture is fast becoming an attractive high-tech sector, attracting new companies, investors and entrepreneurs. As technology advances rapidly in the agricultural sector, it is also improving farmers’ production and producing automation and robotics. Agricultural robots are one of the most advanced technologies in agriculture with huge potential. Agricultural robots are proving to be the most useful machine for farmers to increase crop yields. Thus, to keep pace with the ever-increasing demand for advanced technologies in agriculture, farmers are forced to adopt new advanced and latest technologies in their farming practices.

Agricultural robots are those automated machines that are primarily innovative for use in agriculture. These robots are used in agriculture with minimal human intervention. Farmers use these machines for pruning, harvesting and irrigation. In the modern world, there is a great need to increase the skill of these agricultural robots. The advantage of agricultural robots is that they can work 24/7.

Key Players Driving in the Market

Harvest Automation (US), Agribotix LLC (US), Blue River Technology (US), Autonomous Tractor Corporation (US), Lely Holding S.A.R.L. (Netherlands), Fullwood Packo (UK), Naio Technologies (France), Precisionhawk Inc. (US), AGROBOT Soluciones Roboticas Agricolas (Spain), Deere & Company (US), DJI (China), CNH Industrial NV (UK), AGCO Corporation (US), DeLaval (Sweden), ROBOTICS PLUS (New Zealand),Trimble Inc. (US), BouMatic Robotics (The Netherlands), Lely (The Netherlands), AgJunction (US), AgEagle Aerial Systems (US), YANMAR Co. (Japan), Deepfield Robotics (Germany), EcoRobotix (Switzerland), Naïo Technologies (France), KUBOTA Corporation (Japan), HARVEST CROO (US), Clearpath Robotics (Canada), DroneDeploy (US), Agrobot (Spain), FFRobotics (Israel), Monarch Tractor (US), Carbon Robotics (US) and Other Major Players.

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The drivers of the car - Increasing farmers’ awareness on smart agriculture

Farmers’ awareness of more intelligent agriculture is likely to drive market growth. Smart agriculture refers to the use of technologies such as robots, sensors and location systems in agriculture. The gradual increase in awareness of smart farming among farmers is increasing the adoption of farm robots. Smart farming uses agricultural robots to improve food production and increase food quality. For all these reasons, increase market growth over the forecast period.

The increasing demand for milking robots is expanding the market

The growing trend of dairy robots in agriculture is expected to boost the agricultural robot market. Robot milkers are also known as voluntary and automated milking systems dedicated to extracting milk from animals. This product will help reduce labor costs and increase milk production. With these devices, milking typically takes about few minutes, giving farmers plenty of time to save on overall herd health. This increases market growth.

Dividing the Market: Exploring Segmentation Strategies

By Type

• Driverless Tractors
• Unmanned Aerial Vehicles (UAVs)
• Milking Robots
• Automated Harvest Robots
• Material Management

By Offering

• Hardware
• Software
• Service

By Application

• Dairy Management
• Irrigation Management
• Harvest Management
• Soil Management
• Inventory Management

By Region

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments in the Agricultural Robots Market:

• In December 2023, Chipotle Mexican Grill announced it is investing in Greenfield Robotics, a company founded with the vision of making regenerative farming more efficient, cost-effective, and sustainable by leveraging the latest advances in AI, robotics, and sensing technologies, and Nitricity, a company seeking to tackle greenhouse gas emissions by creating fertilizer products that are better for fields, farmers, and the environment. These minority investments are being made through Chipotle's $50 million Cultivate Next venture fund.
• In November 2023, Aigen, an AI-driven robotics company, closed $12 million in Series A financing from leading investor ReGen Ventures along with NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP. The funding expands Aigen's manufacturing capacity to meet high pre-order demand and create a new agricultural era that is both sustainable and scalable.

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