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The Agriculture Robots Market is expected to reach $28.2 billion by 2031, at a CAGR of 16.6% from 2024 to 2031.
Government Initiatives Promoting Agricultural Robotics
In developing countries, government bodies are actively promoting the adoption of robotic solutions and smart farming practices through various awareness programs, policy reforms, and collaborations with the private sector. For example, in December 2022, the Department for Environment, Food & Rural Affairs (U.K.) partnered with UK Research and Innovation (UKRI) to allocate USD 13.2 million (EUR 12.5 million) for funding initiatives in agriculture and horticulture automation and robotics. This funding aims to enhance productivity, reduce labor demand, and foster sustainable farming practices. Similarly, in August 2022, India’s Ministry of Agriculture & Farmers’ Welfare launched several initiatives, including the National e-Governance Plan in Agriculture (NeGP-A). This plan provides funds to facilitate the integration of modern technologies such as Artificial Intelligence (AI), Machine Learning (ML), robotics, drones, data analytics, and blockchain, all aimed at promoting digital agriculture in the country. These government initiatives are significantly driving the adoption of agricultural robots among farmers, thereby boosting the growth of this market.
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The Rise of Agro-Tech Start-Ups in the Agricultural Robotics Market
A notable trend in the agricultural robotics market is the increasing number of agro-tech start-ups focused on developing technologies that incorporate robotics, AI, and IoT. These innovations enable farmers to optimize their yields by effectively managing various aspects of crop farming, such as moisture levels, soil conditions, and micro-climates, through automation. Agricultural robots have empowered farmers to enhance productivity and profitability by offering more precise techniques for planting and cultivating crops. Many of these start-ups are prioritizing fundraising to create innovative robotic solutions tailored to the agricultural sector. Some recent advancements include:
- Muddy Machines Ltd (U.K.), a start-up, secured USD 1.8 million in August 2022 to develop a robotics platform that deploys various harvesting tools for crop farming, aiming to reduce environmental impacts while increasing food production.
- Tartan Aerial Sense Tech Pvt Ltd (now known as Niqo Robotics) (India) raised USD 5 million in August 2021 to provide farmers with comprehensive solutions covering all major farming activities, such as sowing, spraying, weeding, and harvesting, which in turn lowers cultivation costs.
These agro-tech start-ups are leveraging advanced technologies, including robotics, blockchain, artificial intelligence, computer vision, big data analytics, and IoT, to enhance crop yields, optimize supply chains, and promote sustainability. In Europe, the emergence of agro-tech start-ups is enabling farmers to manage their operations through robotic solutions while performing data analytics related to crop health and quality. Thus, the growing number of agro-tech start-ups is anticipated to bolster market growth in the coming years.
Conclusion
The confluence of government initiatives and the rise of innovative agro-tech start-ups is shaping the landscape of the agricultural robotics market. By fostering the adoption of smart farming practices and providing financial support for technology integration, these efforts are not only enhancing productivity and sustainability in agriculture but are also paving the way for a more technologically advanced farming future. As more farmers embrace robotic solutions, the agricultural robotics market is poised for significant growth, driven by the collective impact of these dynamic forces.
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Agriculture Robots Market Research Summary
| Particulars | Details |
| Number of Pages | 335 |
| Format | |
| Forecast Period | 2024–2031 |
| Base Year | 2023 |
| CAGR (Value) | 16.6% |
| Market Size (Value) | USD 28.2 Billion by 2031 |
| CAGR (Volume) | 8.6% |
| Market Size (Volume) | 30,41,634 thousand units by 2031 |
| Segments Covered | By Offering
By Deployment
By Automation Type
By End Use
|
| Countries Covered | Europe (Germany, Netherlands, U.K., Russia, France, Italy, Spain, Sweden, Rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, Indonesia, Rest of Asia-Pacific), North America (U.S., Canada), Latin America (Mexico, Brazil, Rest of Latin America), and the Middle East & Africa (Saudi Arabia, Israel, South Africa, Rest of the Middle East & Africa) |
| Key Companies | Yanmar Holdings Co., Ltd. (Japan), AgEagle Aerial Systems Inc. (U.S.), Lely International N.V. (Netherlands), BouMatic (U.S.), DJI (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.) |
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