Agriculture Robots Market to be Worth $23.9 Billion by 2030

1. • Agriculture Robots Market to be Worth $28.2 Billion by 2031

2. Global Agriculture Robots Market – 2024-2031 Meticulous Analysis®, a prominent international market research firm, has released a report entitled 'Agricultural Robotics Market by Offering (Hardware, Software), Deployment (Indoor, Outdoor), Automation Type (Automated, Semi-automated), and End Use (Crop Farming, Livestock, Forestry, Fishery), and Region - Global Forecast to 2031.’ According to this latest report from Meticulous Analysis®, the agricultural robotics market is forecasted to reach $28.2 billion by 2031, growing at a CAGR of 16.6% in terms of value. Additionally, the market is expected to achieve 30,416,340 thousand units in volume by 2031, with a CAGR of 8.6%. The market's growth is fueled by the increasing use of drones for smart farming, population growth, labor shortages, and rising government initiatives supporting the agricultural sector. However, the high costs of implementing agricultural robots limit market expansion. Moreover, the integration of artificial intelligence into agricultural robots is anticipated to provide growth opportunities for market stakeholders. Nonetheless, the lack of technical knowledge among farmers and data privacy concerns pose significant challenges to market growth. The market is segmented by offering (hardware (semi/autonomous tractors, drones/UAVs, milking robots, harvesting robots, feeding robots, robot accessories, other hardware), software, services (consulting & training, installation, maintenance & repair)), deployment (indoor, outdoor), automation type (automated, semi-automated), and end use (crop farming (crop monitoring, harvesting & picking, irrigation management, crop spraying, weather tracking & monitoring, inventory management, seed planting, other applications), livestock (milking, health monitoring, feeding, inventory management, other applications), fishery, forestry). The report also assesses industry competitors and analyzes the market at regional and country levels. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Global Agriculture Robots Market – 2024-2031 Based on offering, hardware is expected to dominate the market with over 88% share in 2024 due to the increasing adoption of livestock management robots, rapid agricultural automation, population growth, and labor shortages. For example, MetoMotion (Israel) launched an AI robot in February 2023 for tomato picking to address labor shortages in fruit and vegetable picking. This segment is also projected to register the highest CAGR. In terms of deployment, the outdoor segment is anticipated to hold the largest share of over 89% in 2024, driven by population growth, labor shortages, and the need for weather and climate monitoring in outdoor farming. Companies are providing agriculture robots and software for mapping, navigation, and monitoring crops. Clearpath Robotics Inc. (Canada) introduced OutdoorNav Navigation Software in October 2022 for GPS-based navigation and mapping in outdoor farming. This segment is also expected to see the highest CAGR. Regarding automation type, the automated segment is forecasted to account for the largest share of over 81% in 2024 due to the integration of digitalization, automation, and artificial intelligence in robots, crucial for crop production, livestock management, fishery, and forestry applications. For instance, Naio Technologies (France) launched Orio in February 2022, an autonomous agriculture robot for large-scale vegetable production, precision seeding & fertilizing, and crop monitoring. This segment is projected to achieve the highest CAGR. In terms of end use, crop farming is expected to dominate with over 56% share in 2024, driven by rising labor costs, population growth, and the need to improve yield quality and productivity. Companies are focusing on new developments in autonomous platforms to automate farming processes. For instance, AGCO Corporation (U.S.) partnered with Apex.AI, Inc. (U.S.) in June 2022 to enhance its autonomous farming robot, Fendt Xaver, by integrating the Apex.OS software development kit for safety-critical applications. However, the livestock segment is projected to record the highest CAGR, driven by the increasing need for livestock monitoring and disease detection, labor shortages, and the rising cattle population. In December 2022, DeLaval (Sweden) introduced OptiDuo, a feed-pushing robot to provide stable rumen and increase milk production. Geographically, Europe is expected to hold the largest share of over 34% in 2024, driven by innovations in the agri-tech industry, pressure on the food supply chain, adoption of precision farming, and government initiatives to increase the implementation of advanced technology in agriculture. For instance, the European Union provided USD 9.3 million (EUR 7.9 million) funding in January 2021 for the Robs4Crops project to accelerate the large-scale implementation of robotics and automation in European farming. However, the Asia-Pacific region is projected to achieve the highest CAGR of over 18.8% during the forecast period, attributed to the increasing adoption of smart devices for agriculture, demand for enhanced food quality, precision farming adoption, government initiatives, and the growing number of start-ups. Countries like China, India, and Japan are adopting agricultural robots to automate processes, enhancing agriculture earnings with increased profitability. Key Players The key players operating in the agriculture robots market are Yanmar Holdings Co., Ltd. (Japan), AgEagle Aerial Systems Inc. (U.S.), Lely International N.V. (Netherlands), BouMatic (U.S.), DJI Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Global Agriculture Robots Market – 2024-2031 (China), Deere & Company (U.S.), XAG Co., Ltd. (China), Clearpath Robotics Inc. (Canada), Naio Technologies (France), Robotics Plus Limited (New Zealand), GEA Group Aktiengesellschaft (Germany), DeLaval (Sweden), and Small Robot Company (U.K.). Download Sample Report Here @ https://www.meticulousresearch.com/download-sample- report/cp_id=5616 Key Questions Answered in the Report: •What are the high-growth market segments in terms of the offering, deployment, automation type, and end use? •What is the historical market size for the agriculture robots market? •What are the market forecasts and estimates for 2024–2031? •What are the major drivers, restraints, opportunities, challenges, and trends in the agriculture robots market? •Who are the major players in the agriculture robots market, and what are their market shares? •What is the competitive landscape like? •What are the recent developments in the agriculture robots market? •What are the different strategies adopted by major market players? •What are the trends and high-growth countries? •Who are the local emerging players in the agriculture robots market, and how do they compete with other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com