Global Agriculture Robot Market to Perceive Extensive Growth by 2026 Due to Growing Shift of Farmers towards Vertical Farming [210-Pages] | Released by Research Dive

The global agriculture robot market is predicted to witness noteworthy growth in the forecast period, 2018–2026. The increasing demand for food supplies is boosting the growth of the market. The unmanned aerial vehicle sub-segment and dairy management sub-segment are estimated to dominate the market. The North America market is predicted to be in the leading position in the forecast period.


New York, USA, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Research Dive has published a new report on the global agriculture robot market. According to the report, the global market is projected to surpass $16,640.4 million and grow at a CAGR of 19.2% in the estimated period, 2018–2026. This all-inclusive report delivers a comprehensive overview of the current and future situation of the agriculture robot market by stating its main characteristics including growth drivers, growth opportunities, limitations, and developments in the forecast period. The report also offers all the required and vital market statistics to help new players obtain an insight into the status of the global market. 

Factors Impacting the Agriculture Robot Market Growth 

The key factors boosting the growth of the global agriculture robot market are significant growth in the use of vertical farming and an increase in global population. Furthermore, the use of real-time multimodal robot systems in the field is estimated to unlock lucrative opportunities for market growth in the forecast period. However, the high cost of agricultural robots, combined with a lack of understanding of new technology, is anticipated to deter the market’s growth.  

The report segments the global agriculture robot market into type, application, and region.  

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Unmanned Aerial Vehicle Sub-Segment to Grab a Foremost Share of the Market  

The unmanned aerial vehicle sub-segment of the type segment is foreseen to observe leading growth and garner $1,763 million by 2026. This growth is mainly because these robots aid in boosting crop yield, tracking the development of the crop, and assisting farmers in maximizing their agricultural operations, all of which contribute to increasing the efficiency of the land. 

Dairy Management Sub-Segment to Witness Rapid Growth  

The dairy management sub-segment of the application segment is predicted to grow enormously and hit $4,492.9 million by 2026. This growth is mainly because of the rising use of advanced robots to collect milk from cows and graze agricultural land. 

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North America Region to Perceive Maximum Growth 

The report analyzes the global agriculture robot market across several regions such as North America, Asia-Pacific, Europe, and LAMEA. Among these, the North America market is projected to observe significant growth at a CAGR of 18.9% in the estimated period. This growth is mostly due to the ongoing investments in technology and effective government measures in support of agriculture in this region.                                                                                                    

Key Players of the Global Market 

The report states some of the foremost players operating in the global agriculture robot market including  

  • DeLaval 
  • LelyHarvest Automation 
  • Autonomous Solutions Inc. 
  • Clearpath Robotics 
  • Autonomous Tractor Corporation 
  • AGCO 
  • GEA Group and John Deere 
  • Deepfield Robotics 

These players are taking various initiatives such as investing in novel product launches, strategic alliances and collaborations, etc. to obtain a leading edge in the global market.  

For instance, in February 2022, Verdant Robotics, a company focused on integrating technology from autonomous vehicles and extraterrestrial navigation into agriculture, announced "the first multi-action autonomous agriculture robot for specialized crops, which will allow "superhuman farming”. 

Also, the report provides numerous industry insights such as top strategic initiatives & developments, the novel launch of products, business performance, Porter’s five forces analysis, and SWOT analysis of the foremost players, functioning in the global market. 

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