The demand for agricultural robots and drones is expected to grow exponentially because of the rising population and increasing gap between supply and demand for food production. This has led the scientists to innovate new technologies and methods for automating the agricultural activities such as harvesting, ploughing, fruit picking, sowing seeds, monitoring, and milking.
The global market for the Agriculture Robots and Drone is anticipated to develop at a compound annual growth rate (CAGR) of 18.21% throughout the course of the forecast, to reach USD 14,120.03 million by 2028.
.jpg "The Global Agriculture Robots and Drone Market 2021-2028 (USD Million)")
The established companies that manufacture agricultural machinery are acquiring the technology-based companies to come up with more advanced robots that can do the work of humans by filling the gap of shortage of farm labor. For instance, in September 2017, Deere & Company signed an agreement to acquire Blue River Technology that works on machine learning technology which helps farmers in optimizing their fieldwork.
The venture capital companies are shifting towards agriculture industry as it is witnessing strong growth and return on investments are high. They are finding many startups that are developing agriculture robots such as weeding for removing waste plants and fruit picking harvesters. For instance, EcoRobotix, a company that was founded in 2011 and manufactures weeding robots had raised USD 11.0 million in series B financing. BASF, Capagro Venture Capital along with private financing partner had closed the deal with Ecorobotix.
Agriculture Robots and Drone Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 14,120.03 million |
| Growth Rate | CAGR of 18.21 % during 2018-2028 |
| Segment Covered | By Type, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Deere & Company (US), DJI (China), CNH Industrial NV (UK), AGCO Corporation (US), DeLaval (Sweden), Trimble Inc. (US), BouMatic Robotics (The Netherlands), Lely (The Netherlands), AgJunction (US), AgEagle Aerial Systems (US), YANMAR Co. (Japan), Deepfield Robotics (Germany), ecoRobotix (Switzerland), Harvest Automation (US), Naïo Technologies (France), ROBOTICS PLUS (New Zealand), KUBOTA Corporation (Japan), HARVEST CROO (US), Autonomous Tractor Corporation (US), Clearpath Robotics (Canada), DroneDeploy (US), Agrobot (Spain), FFRobotics (Israel), Fullwood Packo (UK), Monarch Tractor (US), and Others |
Key Segments of the Global Agriculture robots and drone Market
Type Overview (USD Million)
- Dairy Farm Robots
- Autonomous Tractors
- Agriculture Drones (UAV)
- Weeding Robots
- Harvesting Robots
Regional Overview (USD Million)
- North America
- US
- Canada
- Europe
- UK
- Italy
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- Middle East & Africa
Frequently Asked Questions (FAQ) :
The market value of agriculture robots and drone market in 2028 was USD 14,120.03 million
North America dominated the market for agriculture robots and drone market and accounted for the largest revenue share.
The top companies that hold the market share in agriculture robots and drone market are 3D Robotics, Inc., Case IH, DeLaval Inc., Festo AG & Co. KG, Kinze Manufacturing, senseFly (Parrot Group), AgEagle Aerial Systems, FarmBot Inc., Robotnik, AgJunction, Inc., Agribotix LLC & among others.
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The base year for the report is 2023 in agriculture robots and drone market.