Technological advancements in the fields of robotics and data-connectivity is the key factor driving the growth of agricultural robots market globally. The effective performance of robotic solutions mostly depend on control solutions and supporting technologies such as information and communications technology, artificial intelligence and internet of things.
The rapid developments in flexible designs of these technologies that enable effective operation of robots is driving the growth of agricultural robots market. These data-driven technologies enable effective gathering and analysis of data, thereby supplementing the high efficiency of farming practices in precision agriculture.
Also, the hardware product design is witnessing rapid growth in most of the robotic categories. For instance, Unmanned Aerial Vehicles (UAVs) also known as agricultural drones are one of the key robotic solutions used in farming practices. Most of the large farm owners in Europe and North America region are shifting towards autonomous farms and high-tech greenhouses.
These farms use drones for fertilization, pest monitoring, yield monitoring, plant growth monitoring and several other applications. The underlying research activities laid by manufacturers and the developments made in these products are supporting the market growth
Focus is laid towards improvement of flying capacity, high altitudes and widen the spectrum of applications in agriculture.
The global driverless tractor market valued USD 756.07 million in 2018 and is estimated to grow at a CAGR of 26.97% during the forecast period to reach USD 4,784.10 million by 2026
Drones, robotic harvesting arms and autonomous sprayers are on the forefront of agricultural robotic solutions in the current scenario and driverless tractors are likely to shape the sales over the next few years. However, technological advancements, increasing interest towards automation and boosting farming efficiency are resulting in widening of robotic spectrum in agriculture. Focus is laid towards next-generation farm solutions such as smart rice transplanters and interconnected crop growth-harvest solutions. The advent of these novel robotic solutions may present new interest and growth avenues in future.
Driverless tractors evolved as the most lucrative growth segment of global agricultural robots market owing to the rapid development of robot tractors from several leading tractor manufacturers. These tractors are integrated with GPS and other wireless technologies and work upon the supervision through control system. Also, designs are available that are propelled by manned tractor in lead.
Case IH, John Deere, Mahindra & Mahindra, Yanmar and several other tractor giants unveiled their autonomous tractor by 2019. These companies are expected to gain rapid hike in sales over the forecast period.
Electric-powered high capacity autonomous tractors are the new area of development in the driverless tractor. The rise of precision farming is likely to drive the growth of the market
However, the high cost of driverless tractors is the primary facto restraining the sales. The collective revenue of these products is estimated as USD 18,318.56 million during the forecast period.
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