Agriculture Drones and Robots Market (Drone Type - Rotary Wing Drones, Fixed Wing Drones, Others; Robot Type - Crop Harvesting Robots, Weeding Robots, Milking Robots, Others,; Application - Crop Monitoring, Dairy Farm Management, Inventory Management, Harvesting and Picking, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the agriculture drones and robots market provides an in-depth analysis of segments and sub-segments in the global as well as regional agriculture drones and robots market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional agriculture drones and robots market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global agriculture drones and robots market. According to the report, the global agriculture drones and robots market is projected to grow at a CAGR of over 22% over the forecast period of 2022-2028.

Market Insight

The global agriculture drones and robots market was valued at around USD 13 billion in 2022 and is expected to reach over USD 40 billion in 2028, with a CAGR of over 22% during the forecast period. The market growth is highly impacted by the adoption of sustainable farming practices coupled with the lack of manual labor in developed countries. Asian countries such as China, South Korea, and India are projected to witness significant growth in the adoption of agriculture drones and robots in the coming years due to rising food demand in these countries. However, the majority of the market is led by European countries where the adoption of robotics in farming operations is well established on a large scale. Agriculture drones and robots offer multiple benefits over conventional farming equipment, which is another factor driving the demand for these products in the agriculture industry. Furthermore, the adoption of the agricultural drone can increase crop yields, save time, reduce expenses and act with unparalleled accuracy and precision. Additionally, the current concern over the spread of coronavirus is also expected to have a positive impact on the agricultural drone market. Robots automate manual tasks and increase the pace of farming activities, and hence can increase crop yield. As a result, agriculture robots are expected to gain more demand in the upcoming period.

The increasing adoption of automation in agriculture is the major factor influencing the growth of the market during the forecast period. The agricultural drone market and robots are projected to witness high growth during the forecast time frame, majorly influenced by increasing technological advancements in the global agriculture industry. Several countries are taking initiatives to bring automation and sustainability in the agriculture sector for enhancing profitability and bringing efficiency to farming applications. For instance, the U.S. Department of Agriculture’s National Institute of Food and Agriculture (NIFA) invested $21.7 million in April 2021 in several key programs to help agricultural producers manage the impacts of climate change on their lands and production. The funding aims to bring innovation in agriculture technologies, triggering the market for agriculture drones and robots in the country. Moreover, escalating adoption of precision agriculture technologies is also contributing to the growth of the market during the forecast period. The Rising indoor farming activities in various countries to increase the production rate and increase profitability will create lucrative growth opportunities for the market growth. However, the Lack of technological awareness among farmers and High initial investment and cost are expected to hamper the growth of the market during the forecast period.

 On the basis of region, the agriculture drones and robots market is diversified into North America, Europe, Asia Pacific, and South America region. Europe dominates the market share during the forecast period. The growing modernization in the agriculture industry of the European countries coupled with the presence of a huge manufacturing base of drones is the primary reason for uplifting the demand for agriculture drones in the region. The Asia-Pacific is projected to witness a significant surge in demand for agriculture robots in the coming years as a result of increasing pressure on farmers to increase agriculture production to meet growing food demand in the region. The regional analysis of the Asia-Pacific and Japan includes key countries in the agriculture drones and robots markets, such as China, India, and South Korea. The countries are analyzed based on the demand for agriculture drones in a specific country and the growth of technology advancements in the agriculture industry, and other trends which can impact the demand for agriculture drones. The lack of human labor in North America is the key factor driving the demand for agriculture drones and robots in the region. Another factor uplifting the growth of agriculture drones and robots in North America is increasing demand for yield improvement and reducing the overall cost of farming by reducing labor costs simultaneously.

 Segment Covered

The report on the global agriculture drones and robots market covers segments such as drone type, robot type, and application. On the basis of drone type, the sub-markets include rotary wing drones, fixed wing drones, others, rotary wing drones, fixed wing drones, and others. On the basis of robot type, the sub-markets include crop harvesting robots, weeding robots, milking robots, others, crop harvesting robots, weeding robots, milking robots, and others. On the basis of application, the sub-markets include crop monitoring, dairy farm management, inventory management, harvesting and picking, others, crop monitoring, dairy farm management, inventory management, harvesting and picking, and others.

 Companies Profiled:

The report provides profiles of the companies in the market such as Lely, Deere and Company, GEA Farm Technologies, DJI, Dairymaster, De Laval, AGCO Corporation, AeroVironment, Inc., Boumatic, PrecisionHawk, Lely, Deere and Company.

 Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the agriculture drones and robots market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.