According to IMARC Group’s latest report, titled “Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 6.3 Billion in 2021. Agricultural robots, or agribots, are autonomous machines utilized for improving the quality and efficiency of yield, reducing dependency on manual labor, enhancing overall crop productivity, etc. These robots are mainly equipped with end-effectors or specialized arms to perform diverse horticultural activities, including seeding and planting, field mapping, weed control, intercultural operations, harvesting, aerial data collection, fertilizing and irrigation, soil analysis, environmental monitoring, etc. Apart from this, agricultural robots are also used for washing and milking livestock in the dairy farming industry.
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The escalating demand for organic and plant-based food products across the globe is encouraging farmers to adopt modern machinery and robotics by replacing the conventional farming processes. This is one of the primary factors driving the agricultural robots market. In line with this, the growing trend of mechanization in the agriculture sector, owing to rising shift of farmers towards modern tools and equipment to improve their total productivity and generate more revenue, is also augmenting the global market. Furthermore, the high cost of manual labor and the shortage of skilled agricultural workers are propelling the product demand. Besides this, several technological advancements, including the introduction of GPS-enabled robots and the integration of AI-based devices, are acting as significant growth-inducing factors. In the coming years, the increasing investments by numerous manufacturers in research and development (R&D) activities for introducing an innovative range of agribots are expected to catalyze the agricultural robots market. Looking forward, IMARC Group expects the market to reach US$ 17.8 Billion by 2027, exhibiting at a CAGR of 18.6% during 2022-2027.
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