Agriculture Drones and Robotics Market Size, Share, Growth, and Global Industry Analysis by Type (Drones Robots and Agriculture Robots), By Application (Animal Farming, Field Mapping, Crop Production, and Others), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2024 To 2031

Updated On: 01 April 2024

AGRICULTURE DRONES AND ROBOTICS MARKET REPORT OVERVIEW

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The global agriculture drones and robots market size was USD 2116.8 million in 2019 and is projected to touch USD 10285.95 million by 2031, at a CAGR of 14.0% during the forecast period.  

Agricultural robots are the technology that has the ability to assist farmers with a range of operations. It is capable of handling operations that can help in improving efficiency and quality of the yield. They help in automation of repetitive and dull tasks for farmers that then allows farmers to focus on other important aspects to maintain or improve the production of yields. The drones in agriculture operations are used in monitoring crop growth and production. Both drones and robots have the ability to analyze and carry out various operations.   

The increasing emergence of smart agriculture techniques to produce faster yields is expected to drive the market. High requirement and sustainable farming methods and processes to produce faster yields is anticipated to drive the demand for such smart technology. Rapid technological advancements are creating advanced imaging systems and thermal sensors that can analyze water, seed, and nutrient requirements. The rising need for automated fertilizer sprays, seeding drones, and planting is also further anticipated to support the growth. 

COVID-19 Impact: Labor Shortages to Impel Market Growth  

The global COVID-19 pandemic has been unprecedented and staggering, with agriculture drones and robots experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the agriculture drones and robots market growth and demand returning to pre-pandemic levels once the pandemic is over.

The effects of the COVID-19 pandemic are already being felt on a global level, the global agriculture drones and robots market is noticeably influenced. In 2020, COVID-19 has had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. Due to lack of labor availability during the pandemic hampered the supply chains and also lowered productivity. This led to an increase in the need for agricultural robots, drones, machines, and automated devices. This also led to increase in the demand for such technological products and has simultaneously fueled the market development.   

LATEST TRENDS

"Automation in Agriculture to Propel Market Demand"

Growing trend of automation is expected to increase the growth of the global agriculture drones and robots market. The demand for such technology is due to the automation in the agricultural operations to enhance crop production. It has also created a shortage for manual labor shortage and now farmers are adopting drones in the field and soil analyses. Integration of AI, big data, machine learning, and IoT in the machines have enabled such technologies. Aerial vehicles are being used to produce 3D maps in real time and in a cost effective way. Advanced UAVs are equipped with sensors, RGB cameras, multispectral capabilities to capture several images. Such trends and inclination in automation is expected to pose as an opportunity for the market demand.

AGRICULTURE DRONES AND ROBOTICS MARKET SEGMENTATION

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• By Type

According to type; the market is divided into agriculture drones and agriculture robots.

• By Application

Based on the application; the market is divided into animal farming, field mapping, crop production, and others.

DRIVING FACTORS

"Increasing Labor Shortage to Augment Market Growth"

The global agricultural drones and robots market growth is anticipated to rise due to increasing labor shortage. There has been a decrease in the employment in agriculture and an aging farmer population that has limited the supply of manual labor. Changing factors such as demographics, urbanization, and migrating laborers has declined the labor population. This has been creating pressure on farmers to keep up with production and grow fresh produce. Automated farming systems have helped in reduction of pressure on labor shortages. This has also allowed the modernization of agriculture. Use of robotics, wireless sensors, predictive forecasting, and data analytics has enabled the automation and modernization of farming methods.  

"Huge Investments in Agriculture Automation to Inflate Demand" 

The demand is escalating owing to the wide range of investments in agricultural advancements. Precision agriculture is one of the emerging trends in the farm management sector that enhances the production output where the size of the land is limited. Private investments and capitalists have been investing and researching in agriculture automation to make use in UAVs which enables farming operations. This is expected to increase the demand for drones and robotics.     

RESTRAINING FACTORS

"High Costs to Hamper Market Growth"

There are a number of factors that can push the growth of the market. Restraining factors such as high costs of the automation is expected to act as a restraint for this market. Even though automation is gaining traction, but it is associated with high costs. The systems are loaded with expensive navigation and other autonomous systems that can have high costs. This factor is expected to reduce the demand for the product in the market.

AGRICULTURE DRONES AND ROBOTICS MARKET REGIONAL INSIGHTS

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"North America to Lead Market Due Owing Labor Shortages"

North America holds the largest part of the global agriculture drones and robots market share due to increasing labor shortages and high costs of labor in the region. This has led to adoption of robots and automation to ensure enhanced productivity and maintain quality of the yield. The region also has a higher technology adoption rate and high per-capita disposable income. The U.S. has a large customer base with commercial farming companies that have large sizes of lands. Presence of an adequate number of manufacturing companies in countries such as Canada and the U.S. is projected to have demand.  

KEY INDUSTRY PLAYERS

"Key Players to Boost Demand Leading to Market Growth"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Deere & Company (U.S.)
• Yamaha (Japan)
• Agrobot (Spain)
• ASI (India)
• Clearpath Robotics (Canada)
• DeLaval (Sweden)
• GEA Group (Germany)
• PrecisionHawk (U.S.)
• DJI (China)
• Blue River Technology (U.S.)
• Lely (Netherlands)
• BouMatic Robotics (Netherlands)

INDUSTRY DEVELOPMENT

• March 2022: Agriculture tech provider Solinftec and agricultural cooperative GROWMARK are working together for 15 years and have deployed agrotech solutions into 22 million acres of farmland in North America. 

REPORT COVERAGE

This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.