Agricultural Robots and Mechatronics Market

Global Agricultural Robots and Mechatronics Market Size (2024 to 2029):

The global agricultural robots and mechatronics market is expected to reach USD 17.38 billion in 2024 and reach USD 53.02 billion by 2029, growing at a CAGR of 25% from 2024 to 2029.

Increasing prevalence to increase the productivity rate with high effectiveness is leveraging the growth opportunities for the agriculture robots and mechatronics market.

Agriculture robots and mechatronics are machines that increase the efficiency of the task by performing the task better than humans. This machine can operate in crops and animal farms without any relation to the weather conditions. These machines perform all sorts of agriculture operations like crop and animal sensing, weeding and drilling, and others.

Global Agricultural Robots and Mechatronics Market Drivers:

Less availability of labor, even in rural areas, and rising labor costs across the globe are major factors for the market to grow enormously. The rapid adoption of the latest technologies and the launch of innovative techniques in improving production are propelling the demand for the agriculture robots and mechatronics market. The growing prevalence of organic food products is leveling up the market growth. According to the survey, the global population is expected to reach 9.8 billion by 2050. The rising population across the world and growing demand for food are eventually making the market grow at a higher rate. Also, agricultural robots and mechatronics are more effective in making high production with fewer errors, which is projected to lavish the demand of the market. The adoption of modern technology, where traditional methods are not that effective in feeding the growing population, is elevating the growth rate of the agricultural robots and mechatronics market.

Global Agricultural Robots and Mechatronics Market Restraints:

However, the high installment cost of the robots that common farmers cannot afford is a major factor restraining the growth rate of the agricultural robots and mechatronics market. Less knowledge of the benefits of robots in agriculture is slowly degrading the demand of the market to an extent. High maintenance is also a factor hampering the market growth to some extent. Still, some of the agricultural robots are under design and are waiting for approval. These robots are not yet ready for commercial deployment in many countries. This is merely impeding the demand for agricultural robots and the mechatronics market. Rising concern over privacy is also hindering the growth rate of this market.

Impact Of COVID-19 On Agricultural Robots And Mechatronics Market:

COVID-19 is a deadly disease that ruined many lives in distinct ways. The global economy was severely disrupted due to the pandemic. Lockdown and ban on flights majorly affected the supply chain in many countries. Agricultural robots are in talks during these tough times to maximize the production rate and reduce human efforts. Fully autonomous vehicles are used by many farmers in developing countries, which is surging the demand of the agricultural robots and mechatronics market in these tough times. The growing prevalence of increasing food productivity at a higher rate to sustain the needs of various parts of the globe is anticipated to fuel the growth rate of the market. During the lockdown restrictions, over 70% of migrant laborers went to their homes town, which escalated the prevalence of adopting agriculture robots. The National Farmers Union has decided to promote agriculture robots to overcome the uncertainties of labor shortages.

REPORT COVERAGE:

This research report on the global agricultural robots and mechatronics market is segmented and sub-segmented into the following categories.

Global Agricultural Robots and Mechatronics Market – By Type:

• Autonomous Tractors
• Unmanned Aerial Vehicles
• Milking Robots
• Others

The autonomous tractors segment has the highest shares of the market owing to the quick adoption of the latest technologies and the launch of innovative systems to level up the demand of the market. The unmanned aerial vehicles segment is projected to have the thickest growth rate in the foreseen years with the rising demand for the cultivation of crops with the latest technologies. Growing support from government organizations in approving new product launches is escalating the growth rate of the market. The milking robots segment is to have significant growth opportunities in the forecast period.

Global Agricultural Robots and Mechatronics Market – By Application:

• Crop Production
• Animal Husbandry
• Forest Control
• Others

The crop production segment is leading with the dominant shares of the market. Rising awareness on increasing the production of the crop using different techniques is anticipated to promote the growth rate of the market. The animal husbandry segment is to have the highest CAGR in the near future. The emergence of artificial intelligence in every sector is enhancing the growth rate of the agricultural robots and mechatronics market. The forest control segment is estimated to have a steady pace during the forecast period.  

Global Agricultural Robots and Mechatronics Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America is leading with the highest shares of the market. On-going research on the development of new robots to increase the efficiency of operations in agriculture is a major attribute for the market to grow in this region. Escalating expenditure and the rising prevalence of advanced technologies are promoting the growth of the agricultural robots and mechatronics market in North America. Also, growing investments in agriculture by both public and private sectors are enhancing the demand for agriculture robots and the mechatronics market.

Asia pacific is next to North America in ruling the shares of the agricultural robots and mechatronics market. Increasing population and rising sustainable demand to feed the people are two major factors fueling the growth rate of the market in Asia pacific. India and China are two major contributors to the market's growth. Also, increasing funds and growing awareness of robotics technology are greatly influencing the demand of the market.

Europe is thriving hard to have the certain growth opportunities of the agricultural robots and mechatronics market. The growing tendency to adopt new techniques in farming and increase the crop production rate to fulfill the unmet needs are anticipated to set the new growth opportunities for the market.

Latin America, the Middle East & Africa are expected to have a slow growth rate during the forecast period 2022 - 2027 due to a decreased global economy amid the novel coronavirus.

KEY MARKET PLAYERS:

Deere & Company, ASI, DJI, Yamaha, BouMatic Robotics, Agrobot, DeLaval, Lely, Blue River Technology, Clearpath Robotics, GEA Group, PrecisionHawk. Some of the market players dominate the global agricultural robots and mechatronics market.

RECENT DEVELOPMENTS IN THE MARKET:

• Blue river technology launches new Robots for agriculture that automatically recognize plants and eliminates weeds by making decisions on which seedlings to thin.