The agriculture robots market value is estimated at USD 13.5 billion in 2023; it is projected to grow at a CAGR of 24.3 % to reach USD 40.1 billion by 2028. The agriculture robots market is rapidly evolving as technological advancements continue to transform traditional farming practices. Agricultural robots, often referred to as “AgriBots,” are autonomous machines designed to perform various tasks in agriculture, such as planting, harvesting, weeding, and monitoring crops. These robots are equipped with sensors, GPS systems, and AI algorithms that enable them to operate with precision and efficiency, reducing the need for manual labor and optimizing resource use.
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about the assumptions considered for the study
Unlocking New Markets: Upcoming Innovations in
Agricultural Automation
Robots are widely utilized in the food processing industry,
but their application in agriculture remains limited. However, there is
significant potential for robotics in livestock management, including the
deployment of autonomous platforms like IoT tags. Implementing remote sensing
and identification tags to track raw materials and livestock can optimize crop
and livestock production by enhancing automation in agriculture. Advances in
drone and robotic technologies are helping farmers handle their demanding tasks
more efficiently. Integrating agricultural technologies with GPS navigation and
vision systems allows for more precise plowing and crop spraying. In the
future, fleets of small, lightweight robots may replace traditional heavy
tractors.
According to a 2018 white paper by the UK-Robotics and
Autonomous Systems (UK-RAS) Network, approximately 50% of dairy herds in Europe
are expected to be milked by robots by 2025. Robotic systems are also
increasingly performing additional tasks on farms, such as waste removal from
animal pens and feed transportation. The integration of advanced automation,
big data analytics, IoT, and artificial intelligence is enhancing the
capabilities of agricultural
robots, providing greater benefits to the farming industry.
The Future of Farming: How Robotics and IoT Are
Transforming Agriculture
IoT (Internet of Things) technology is used in agriculture
robots to enhance their capabilities, enable data-driven decision-making, and
improve overall efficiency in farm operations. IoT sensors are integrated into
agriculture robots to collect data from various sources such as soil
sensors, weather stations, and crop health monitors. These sensors
gather information on soil moisture, temperature, humidity, nutrient levels,
and crop conditions. The data is transmitted in real-time to a central server
or cloud platform for analysis and further action.
IoT enables farmers and operators to remotely control and
monitor agriculture
robots. They can use smartphones, tablets, or computers to access the
robot’s status, receive alerts, and adjust the robot’s actions as needed. This
remote accessibility increases operational flexibility and efficiency.
How Leading
Agriculture Robotics Companies, such as AGCO Corporation and CNH
Industrial NV, Are Shaping the Future of Agribots
AGCO Corporation
AGCO Corporation was incorporated in 1991 through the
acquisition (management buyout) of Deutz-Allis from KHD (Germany). The company
manufactures farm equipment under the brand name AGCO Allis and Gleaner. The
company’s products are sold through five brands: Challenger, Fendt, Grain
Storage International (GSI), Massey Ferguson, and Valtra. AGCO Corporation
operates in six major product segments: tractors, replacement parts, grain
storage, protein production equipment, combines, application equipment, and other
machinery.
AGCO Corporation is one of the leaders in designing,
manufacturing, and distributing agricultural robotic solutions, including a
line of tractors that combines harvesters, hay tools, sprayers, and forage and
tillage equipment. The agricultural segment of the company comprises products
and services that include guidance and autonomy, telematics and data,
diagnostics, seeding, and application controls, yield monitoring and advanced
sensors, displays and mobile applications, and grain storage monitoring.
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CNH Industrial NV
CNH Industrial NV, through its brands, designs, produces,
and sells commercial vehicles, buses, trucks, agricultural and construction
equipment, and special vehicles, in addition to engines and transmissions for
those vehicles and engines for marine applications. The company also provides
equipment financing services. CNH Industrial operates through the following
business segments—agriculture, commercial and specialty vehicles, powertrain,
and construction. The company’s major brands include the following:
- Case
IH, New Holland Agriculture, and Steyr for tractors and agricultural
machinery
- Iveco
for commercial vehicles and buses
- Iveco
Astra for quarry and construction vehicles
- Magirus
for firefighting vehicles
- FPT
Industrial for engines and transmissions
Europe’s Growing Influence: Holds the
Largest Agricultural
Robots Market Share
The agriculture robotics market in Europe is experiencing
robust growth, driven by several key factors reshaping the region’s
agricultural landscape. With a strong focus on digital transformation and
sustainable farming, Europe’s agricultural sector is increasingly adopting
robotics technology. Precision agriculture is gaining momentum across the
continent, with agriculture robots playing a pivotal role. These robots,
equipped with advanced sensors, GPS, and AI capabilities, enable farmers to
optimize resource use, minimize environmental impact, and boost productivity.
By precisely applying resources like water, fertilizers, and pesticides, these
robots enhance efficiency and promote sustainable farming practices. European
governments and agricultural organizations are actively supporting this
technological shift by offering financial assistance, subsidies, and
incentives, further accelerating the adoption of agriculture robots in the region.
Navigating the Agriculture Robots Market Ecosystem: Key
Components and Their Roles
The agriculture
robots ecosystem is a complex network of interconnected elements.
At its heart are the robots themselves, which encompass drones, autonomous
vehicles, and specialized systems tailored for various farming tasks. These
robots are supported by technology providers who deliver cutting-edge sensors,
imaging tools, AI, and data analytics solutions. Farm equipment manufacturers
play a key role by integrating robotics into their machinery, enhancing overall
functionality. The ecosystem also includes farm operators, large agribusinesses,
and small-scale farmers who adopt and deploy these technologies. Furthermore,
research institutions, governments, and agricultural organizations contribute
significantly by fostering innovation, offering funding, and establishing
regulations that influence the development and implementation of agriculture
robots.
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