The global agricultural robots market valued USD 4,291.59 million in 2018 and is estimated to reach USD 18,728.51 million by 2026, at a CAGR of 20.80% during the forecast period.
Robotics and automation are the most focused technologies in the present-day agriculture sector. The integration of robotic solutions in farming practices is posing lucrative growth avenues globally.
The rising demand for agricultural produce coupled with increasing population is forcing the governments and farming communities towards high-productivity farming practices such as precision farming and smart agriculture.
Furthermore, the declining arable land and scarcity in agricultural inputs is also motivating the use of sustainable farming practices that adhere to the ‘law of minimum’ in food production
Robotics evolved as the promising solution for sustainable farming owing to their timely and accurate performance in wide array of crop production activities. Robots are integrated in various forms such as drones, robotic arms, autonomous harvesting machines and driverless tractors.
Market Dynamics
Drivers
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Rising interest towards precision agriculture
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Technological advancements in drone technology
Restraints
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High cost of robotic solutions
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Unsuitability in specific applications
Market Segmentation
Agricultural drones are Unmanned Aerial Vehicles (UAVs) that are designed for use in several farming operations. These flying machines equipped wit sensors, digital imaging and mapping technologies help enable optimize the agriculture operations, monitor crop growth and enhance the overall production. Also, large-sized drones with weight carrying capacity are used in planting and spraying applications.
Drones evolved as the vital piece of farm automation and robotic technologies owing to its potential benefits in traditional farm practices and advanced monitoring applications. Agricultural drones find scope in conventional agricultural applications such as chemical spraying, harvesting, soil management and weed plucking. The fast and precise performance of drones have driven their use in these activities.
Beyond these applications, drones are also used in advanced farm applications such as crop health and growth monitoring, pest identification, yield monitoring and soil moisture monitoring.
Wide array of sensors including temperature sensor, multispectral camera and LiDAR sensors are integrated along with the mechanical payload for its flight control. These sensors gather real-time information pertaining to the weather, soil, crop health and pest growth.
The global agricultural drones market valued USD 1,264.51 million in 2018 and is estimated to reach USD 6,270.11 million by 2026, growing at a CAGR of 22.58% during 2019-2026
Geographical Analysis
North America is the largest market for agricultural robots accounting for a share of 37% in the dollar sales of global agricultural robots market. The extensive use of drones and robotic ground vehicles in the U.S. is driving the market growth in this region
The agricultural robots market in North America valued USD 1,577.58 million in 2018 and is estimated to reach USD 6,833.62 million in 2026, by growing at a CAGR of 20.69% during 2019-2026
Milking robots also has significant growth potential in the country. According to Lely, a market leader for milking robots, the penetration of milking robots in the U.S. is nearly 5% of the total dairy farms and the number is likely to grow by 20-30% over the near future. Canada has also emerged as a lucrative growth venue for milking robots and driverless tractors. The country reported the operation of its first driverless tractor made by Dot Technology Corp. in 2019.
Competitive Landscape
Agricultural drones segment has been witnessing several new entrants and product designs in the market. Companies such as SZ DJI Technology Co., Ltd., AgEagle Aerial Systems Inc. and PrecisionHawk are some of the leading players in the market
However, robotic categories such as driverless tractors and milking robots are significantly consolidated with very few companies holding significant share in the market
For instance, the milking robot sales in Europe is largely dominated by six companies – DeLaval, Lely, GEA, Boumatic, Fullwood Packo and SAC. These companies represent every unit sold in the region
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