PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273554
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273554
Agricultural Robots and Mechatronics Market Forecasts to 2028 - Global Analysis By Type (Milking Robots, Unmanned Aerial Vehicles (UAVs), Autonomous Tractors and Other Types), Application and By Geography
According to Stratistics MRC, the Global Agricultural Robots and Mechatronics Market is accounted for $5.9 billion in 2022 and is expected to reach $18.7 billion by 2028 growing at a CAGR of 21.1% during the forecast period. The robots used in agriculture are known as agriculture robots. Agriculture robots are capable of carrying out farming tasks like sowing seeds, collecting fruit, watching over the environment and plants, packing food, and more. Additionally, farmers are only using agriculture robots at this early stage for repetitive tasks like food packaging. As a result, major participants in the sector are concentrating on creating agricultural robots that can make decisions using tools like big data.
According to a report published by the United Nation in June 2017, global population is expected to reach around 9.8 billion in 2050 from 7.7 billion in 2017. According to coherent market insights analysis, vertical farming market is expected to reach around 8.3 Bn by 2027 from 1.7 Bn in 2016.
Market Dynamics:
Driver:
Increasing development in biotechnology
Robotics and mechatronic technologies are projected to become more widely used as biotechnology and vertical farming evolve. The amount of farmland accessible is decreasing as a result of rising population and growing urbanisation. Farmers also favour vertical farming as a solution to this issue. Farmers are employing cutting-edge technologies in vertical farming, which is anticipated to increase in the future.
Restraint:
Concerns over data privacy and regulations
Particularly with the advent of software applications for agricultural usage, there are ethical concerns about data ownership. It's possible, like in other technology fields, for a small number of businesses to control the majority of the client data. Thus, data security must also be taken into account. The integration of systems is made more difficult by a lack of technological standardisation, which also hinders market expansion.
Opportunity:
Growing population and increasing labor shortage
Labour shortages, even in rural areas, and growing labour prices are important factors driving the market's explosive growth. The market will eventually expand due to the rapid uptake of the newest technology, the introduction of creative techniques to improve manufacturing, and the growing population. Adoption of new technologies in areas where traditional methods are ineffective in feeding the growing population is increasing the market's growth.
Threat:
High cost of automation for small farms
The subsequent waves of automation have mostly left smaller farms behind. Auto-steering and drone technology are relatively advanced, but small farms have not yet adopted them widely. Instead of restricting their customers to a single purchase, many producers of agricultural equipment have started to lease their products. These factors are therefore impeding the market's expansion.
COVID-19 Impact:
The next automation waves largely left smaller farms in the dust. Although auto-steering and drone technology is rather sophisticated, small farms have not yet extensively embraced them. Many manufacturers of agricultural equipment have started to offer their items for lease rather than requiring clients to make a single purchase. Thus, the market's growth is being hampered by these reasons.
The autonomous tractors segment is expected to be the largest during the forecast period
The autonomous tractors segment is estimated to have a lucrative growth, due to the quick adoption of the latest technologies and the launch if innovative systems. By automating industrial processes and removing the need for human intervention, automation technology has had a significant impact on many different industries. The market's growth rate is increasing as government organisations increasingly promote the introduction of new products.
The crop production segment is expected to have the highest CAGR during the forecast period
The crop production segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rising awareness on increasing the production of the crop using different techniques. It is anticipated that the adoption of agricultural robots will be advantageous to the agriculture sector. The market is expanding at a faster rate thanks to artificial intelligence's rise in every industry.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing population and rising sustainable demand to feed the people. Additionally, expanding financial resources and public knowledge of robotics technology are having a significant impact on market demand. Increased adoption of automated technology, rising food and feed need, increased interest in indoor farming, and weather uncertainty are all factors that are boosting market demand.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the adoption of drones in agriculture industry. Drones are currently being used by farms for a variety of agricultural jobs. They are at the forefront of the industry when it comes to the use of drones and autonomous vehicles. An increasing number of agricultural applications are utilising robotics. As a result, market expansion is being driven by technical advancements.
Key players in the market:
Some of the key players profiled in the Agricultural Robots and Mechatronics Market include: Deere & Company, Precision Hawk, Agrobot, Blue River Technology, Yamaha Motor Company, AGCO Corporation, Harvest Automation, Naio Technologies, Lely Industries, Agribotix LLC, IBM, Trimble, AG Eagle LLC, GEA Group Aktiengesellschaft and DeLaval Inc.
Key Developments:
In February 2023, Yamaha Motor Co., Ltd has announced that it has established a new company in Singapore aimed at expanding its business in Southeast Asia and India, where demand for robots is growing, and intends to secure new clients, as well as provide high-quality after-sales services in line with international standards.
In October 2022, Yamaha Motor Co., Ltd has announced that the company has developed a new product, the FAZER R AP, which adds an automatic flight function to the FAZER R industrial unmanned helicopter used for agricultural applications and to help further improve spraying efficiency.
Types Covered:
- Milking Robots
- Unmanned Aerial Vehicles (UAVs)
- Autonomous Tractors
- Other Types
Applications Covered:
- Animal Husbandry
- Crop Production
- Forest Control
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Agricultural Robots & Mechatronics Market, By Type
- 5.1 Introduction
- 5.2 Milking Robots
- 5.3 Unmanned Aerial Vehicles (UAVs)
- 5.4 Autonomous Tractors
- 5.5 Other Types
6 Global Agricultural Robots & Mechatronics Market, By Application
- 6.1 Introduction
- 6.2 Animal Husbandry
- 6.3 Crop Production
- 6.4 Forest Control
- 6.5 Other Applications
7 Global Agricultural Robots & Mechatronics Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Deere & Company
- 9.2 Precision Hawk
- 9.3 Agrobot
- 9.4 Blue River Technology
- 9.5 Yamaha Motor Company
- 9.6 AGCO Corporation
- 9.7 Harvest Automation
- 9.8 Naio Technologies
- 9.9 Lely Industries
- 9.10 Agribotix LLC
- 9.11 IBM
- 9.12 Trimble
- 9.13 AG Eagle LLC
- 9.14 GEA Group Aktiengesellschaft
- 9.15 DeLaval Inc.
List of Tables
- Table 1 Global Agricultural Robots & Mechatronics Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Agricultural Robots & Mechatronics Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Agricultural Robots & Mechatronics Market Outlook, By Milking Robots (2020-2028) ($MN)
- Table 4 Global Agricultural Robots & Mechatronics Market Outlook, By Unmanned Aerial Vehicles (UAVs) (2020-2028) ($MN)
- Table 5 Global Agricultural Robots & Mechatronics Market Outlook, By Autonomous Tractors (2020-2028) ($MN)
- Table 6 Global Agricultural Robots & Mechatronics Market Outlook, By Other Types (2020-2028) ($MN)
- Table 7 Global Agricultural Robots & Mechatronics Market Outlook, By Application (2020-2028) ($MN)
- Table 8 Global Agricultural Robots & Mechatronics Market Outlook, By Animal Husbandry (2020-2028) ($MN)
- Table 9 Global Agricultural Robots & Mechatronics Market Outlook, By Crop Production (2020-2028) ($MN)
- Table 10 Global Agricultural Robots & Mechatronics Market Outlook, By Forest Control (2020-2028) ($MN)
- Table 11 Global Agricultural Robots & Mechatronics Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 12 North America Agricultural Robots & Mechatronics Market Outlook, By Country (2020-2028) ($MN)
- Table 13 North America Agricultural Robots & Mechatronics Market Outlook, By Type (2020-2028) ($MN)
- Table 14 North America Agricultural Robots & Mechatronics Market Outlook, By Milking Robots (2020-2028) ($MN)
- Table 15 North America Agricultural Robots & Mechatronics Market Outlook, By Unmanned Aerial Vehicles (UAVs) (2020-2028) ($MN)
- Table 16 North America Agricultural Robots & Mechatronics Market Outlook, By Autonomous Tractors (2020-2028) ($MN)
- Table 17 North America Agricultural Robots & Mechatronics Market Outlook, By Other Types (2020-2028) ($MN)
- Table 18 North America Agricultural Robots & Mechatronics Market Outlook, By Application (2020-2028) ($MN)
- Table 19 North America Agricultural Robots & Mechatronics Market Outlook, By Animal Husbandry (2020-2028) ($MN)
- Table 20 North America Agricultural Robots & Mechatronics Market Outlook, By Crop Production (2020-2028) ($MN)
- Table 21 North America Agricultural Robots & Mechatronics Market Outlook, By Forest Control (2020-2028) ($MN)
- Table 22 North America Agricultural Robots & Mechatronics Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 23 Europe Agricultural Robots & Mechatronics Market Outlook, By Country (2020-2028) ($MN)
- Table 24 Europe Agricultural Robots & Mechatronics Market Outlook, By Type (2020-2028) ($MN)
- Table 25 Europe Agricultural Robots & Mechatronics Market Outlook, By Milking Robots (2020-2028) ($MN)
- Table 26 Europe Agricultural Robots & Mechatronics Market Outlook, By Unmanned Aerial Vehicles (UAVs) (2020-2028) ($MN)
- Table 27 Europe Agricultural Robots & Mechatronics Market Outlook, By Autonomous Tractors (2020-2028) ($MN)
- Table 28 Europe Agricultural Robots & Mechatronics Market Outlook, By Other Types (2020-2028) ($MN)
- Table 29 Europe Agricultural Robots & Mechatronics Market Outlook, By Application (2020-2028) ($MN)
- Table 30 Europe Agricultural Robots & Mechatronics Market Outlook, By Animal Husbandry (2020-2028) ($MN)
- Table 31 Europe Agricultural Robots & Mechatronics Market Outlook, By Crop Production (2020-2028) ($MN)
- Table 32 Europe Agricultural Robots & Mechatronics Market Outlook, By Forest Control (2020-2028) ($MN)
- Table 33 Europe Agricultural Robots & Mechatronics Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 34 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Country (2020-2028) ($MN)
- Table 35 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Type (2020-2028) ($MN)
- Table 36 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Milking Robots (2020-2028) ($MN)
- Table 37 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Unmanned Aerial Vehicles (UAVs) (2020-2028) ($MN)
- Table 38 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Autonomous Tractors (2020-2028) ($MN)
- Table 39 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Other Types (2020-2028) ($MN)
- Table 40 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Application (2020-2028) ($MN)
- Table 41 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Animal Husbandry (2020-2028) ($MN)
- Table 42 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Crop Production (2020-2028) ($MN)
- Table 43 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Forest Control (2020-2028) ($MN)
- Table 44 Asia Pacific Agricultural Robots & Mechatronics Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 45 South America Agricultural Robots & Mechatronics Market Outlook, By Country (2020-2028) ($MN)
- Table 46 South America Agricultural Robots & Mechatronics Market Outlook, By Type (2020-2028) ($MN)
- Table 47 South America Agricultural Robots & Mechatronics Market Outlook, By Milking Robots (2020-2028) ($MN)
- Table 48 South America Agricultural Robots & Mechatronics Market Outlook, By Unmanned Aerial Vehicles (UAVs) (2020-2028) ($MN)
- Table 49 South America Agricultural Robots & Mechatronics Market Outlook, By Autonomous Tractors (2020-2028) ($MN)
- Table 50 South America Agricultural Robots & Mechatronics Market Outlook, By Other Types (2020-2028) ($MN)
- Table 51 South America Agricultural Robots & Mechatronics Market Outlook, By Application (2020-2028) ($MN)
- Table 52 South America Agricultural Robots & Mechatronics Market Outlook, By Animal Husbandry (2020-2028) ($MN)
- Table 53 South America Agricultural Robots & Mechatronics Market Outlook, By Crop Production (2020-2028) ($MN)
- Table 54 South America Agricultural Robots & Mechatronics Market Outlook, By Forest Control (2020-2028) ($MN)
- Table 55 South America Agricultural Robots & Mechatronics Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 56 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Country (2020-2028) ($MN)
- Table 57 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Type (2020-2028) ($MN)
- Table 58 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Milking Robots (2020-2028) ($MN)
- Table 59 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Unmanned Aerial Vehicles (UAVs) (2020-2028) ($MN)
- Table 60 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Autonomous Tractors (2020-2028) ($MN)
- Table 61 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Other Types (2020-2028) ($MN)
- Table 62 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Application (2020-2028) ($MN)
- Table 63 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Animal Husbandry (2020-2028) ($MN)
- Table 64 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Crop Production (2020-2028) ($MN)
- Table 65 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Forest Control (2020-2028) ($MN)
- Table 66 Middle East & Africa Agricultural Robots & Mechatronics Market Outlook, By Other Applications (2020-2028) ($MN)
