Precision Agriculture to Drive the Demand for Agricultural Robots
" The global agricultural robots market is expected to witness a CAGR of around 22% to surpass $20 billion by 2025 "
Bangalore, India, October 26, 2019: With its recently published study “Global Agricultural Robots Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global market for agricultural robots is primarily driven by the increasing demand for precision agriculture. This trend is expected to continue during the forecast period 2019–2025, fueling the market growth at a CAGR of around 22% to surpass a revenue of $20 billion by 2025.
The robots used in the agriculture sector for various activities, i.e., weed control, seeding, monitoring, and harvesting, are termed as agricultural robots. They are also used for livestock applications, including milking, herding, and fish farming. Globally, there is an increase in demand for food, mainly due to the growth in population and increasing average life expectancy. Further, there is an increasing shift of workforce, especially in rural areas, from agricultural activities toward the service sector. The need for automation in agriculture is heavily driven by these two factors – growing demand for food and shifting of the workforce.
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North America dominates the global agricultural robots market, followed by Europe. The demand for agricultural robots in North America is fueled by the increasing number of small companies/start-ups focused on developing agricultural robots in the US. Though the adoption of agricultural robots in APAC is less, the region has enormous scope due to the large areas of cultivation and growing demand for food due to high population growth. China and Japan are expected to lead in R&D activities concerning agricultural robots. Agricultural robots are in a nascent stage in China; however, Fujian Academy of Agricultural Sciences and other Chinese institutions are focusing on developing such robots. The availability of cheap labor is one of the major factors hindering the adoption of agricultural robots in APAC. Unlike western countries, Asian countries, including China and India, have a huge working-class population and the average wages are considerably low.
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Another major factor influencing the development of agricultural robots is the increased focus and investments in artificial intelligence (AI). AI is being integrated into robotics, especially in drones, planting robots, crop/soil monitoring, and weed control robots. Predictive analytics, a part of AI, is used for tracking and predicting environmental impacts on crop yield.
“Agricultural robots are in the nascent stage in several developing countries. However, there is a growing R&D investment in Europe and North America, which is working toward increasing efficiency,” said Arjun Das, Senior Research Analyst, Infoholic Research
Key segments of the report include:
- By Application
- Fish farming
- Crop Monitoring and Analysis
- Fertilizing and Irrigation
- Crop Weeding and Spraying
- Thinning and Pruning
- Autonomous Tractors
- Picking and Harvesting
- By Technology:
- Computer Vision
- By Region:
- North America
- Industry outlook: Market trends, drivers, restraints, and opportunities
Ms. Kathakali Basu
Infoholic Research LLP