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The worldwide agricultural drones and robotics market is booming and expected to grow remarkably in the upcoming years owing to the technological advancements and new discoveries taking place in the industry. The increasing labour shortage has impacted the market positively allowing the modernization of agriculture. Automation in agriculture has enhanced crop production. The wide range of investments pouring down from the key market players has presented lucrative opportunities for market growth.
Agricultural drones and robots are the devices that are considered the latest trend in the market as they are very helpful in assisting farmers to perform a wide range of activities. These machines assist the farmers in converting manual and repetitive labour into effective and efficient outputs. This can in turn allow the farmers to focus on other important activities rather than wasting their time on unproductive tasks. The drones and robots analyse, monitor, and, support crop growth as well as their production.
According to a research study by Business Research Insights, the global market for agricultural drones and robots market size was USD 2116.8 million in 2019 and is projected to touch USD 5342.2 million by 2026
Business Research Insights Presents the Top 5 Prominent Players in the Agricultural Drones and Robotics Industry
1. Deere and Company (U.S.)
Deere and company is an American agricultural machinery company that is headquartered in Moline, Illinois. They are one of the leading companies manufacturing heavy equipment, agricultural machinery, forestry machines and many more. The company was founded in the year 1837 and has over 69600 employees.
2. Yamaha (Japan)
Yamaha is a Japanese multinational company that produces a wide variety of products ranging from motorcycles to agricultural machines. Agricultural tractors produced by this company are one such product in high demand. Headquartered in Iwata, Shizuoka Yamaha is one of the largest private companies in Asia.
3. ASI (India)
ASI also known as the Archaeology Survey of India is a government institution. The main responsibility of this government agency is to look after the agricultural as well as the archaeological resources in the country. It is headquartered in New Delhi and was formed in the year 1861.
4. Clearpath Robotics (Canada)
Also known by the name clear path this company was originally founded in the year 2009. Clearpath robotics plays a crucial role in the manufacture of farming equipment. It is headquartered in Kitchener, Ontario and focuses mainly on streamlining field robotic research for various universities.
5. DeLaval (Sweden)
This company is a leading producer of dairy and farming equipment. Situated in Sweden it has its headquarters in Tumba. It forms a part of the Tetra Laval company. DeLaval has established its centres in 18 different countries with more than 4500 employees. With great production capacity, this company has become one of the top players in the market.
Major Problems Caused By COVID-19 Pandemic
The COVID-19 pandemic has caused a lot of problems and posed many challenges to the global agricultural drones and robotics market from 2020 to 2022. Strict restrictions including imposed lockdowns and norms regarding social distancing considerably brought down machine manufacturing during the pandemic.
Labour shortage was the major concern during the pandemic. The lack of manpower and labour negatively impacted the market growth. A few factors such as urbanization, demographics and migration of potential laborers to different places reduced the population of labourers. This in turn disrupted the supply chain and significantly reduced productivity. However, post-pandemic the market is projected to grow well considering the ongoing technological advancements and discoveries.
Increasing Labour Shortage and Huge Incoming Investments Will Continue to Generate Robust Demand
Ever since the pandemic started there has been a noticeable decline in the number of labours and is continuing to decline at a steady rate. However, this has provided opportunities for greater implementation of agricultural robotics. In addition, the huge investments incoming from the key industry players have helped in increasing the scale of production, which in turn has increased the sales of this equipment. The increasing demand for automated agriculture has attracted many private investors and capitalists generating robust demand for the product.