Product ID: SQMIG20H2024
Global Agricultural Robots Market Size, Share, Growth Analysis, By Product Type(Unmanned aerial vehicles (UAVs), milking Robots), By Application(Field Farming, dairy Management) - Industry Forecast 2024-2031
Report ID:
SQMIG20H2024 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
65 |
Figures:
75
Global Agricultural Robots Market Insights
Global Agricultural Robots Market size was valued at USD 5.50 Billion in 2022 and is poised to grow from USD 7.67 Billion in 2023 to USD 109.96 Billion by 2031, at a CAGR of 39.49% during the forecast period (2024-2031).
The global agricultural robots market is experiencing significant growth globally. Our report contains detailed information on the value chain analysis for the Agricultural Robots market, which manufacturers can use to gain a competitive edge during the projected period. Agricultural robots are gaining popularity among farmers due to the necessity to produce agricultural items efficiently while also maintaining sustainability. These robots are used to speed up farming procedures while requiring minimum human participation. Agricultural robots are designed to execute a variety of farming tasks, including field farming, dairy farming, seed sorting, soil management, and others. Increased population, increased need for food supply, increased popularity of indoor farming, frequent climatic fluctuations, and increased acceptance of automation technologies are projected to drive future growth in the worldwide agricultural robots market. However, the global agricultural robotics sector is projected to face a few problems, such as farmers' lack of knowledge of agricultural robots and the robots' failure to match human-like dexterity. Adoption of telematics sensors may represent a global market opportunity.
Governments all around the world have announced several beneficial initiatives, such as offering subsidies or aid for enhanced output and establishing campaigns to educate farmers about agricultural robots. For example, the European Union has backed efforts like GRAPE and MARS to replace labor-intensive jobs with cutting-edge automated technology. Furthermore, numerous current and new agricultural firms are investing in R&D activities to bring a cutting-edge line of agricultural robots to market, which is expected to increase the market's growth rate throughout the forecast period.
US Agricultural Robots Market is poised to grow at sustainable CAGR for the next forecast year.
Global Agricultural Robots Market Report Snapshots
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