The market for robots is estimated at USD 13.5 billion in 2023; it is projected to grow at a CAGR of 24.3% to reach USD 40.1 billion by 2028. Agriculture robots, also known as agribots or agricultural robots, are a diverse range of machines and autonomous systems designed to perform various tasks in the farming and agricultural industry. These robots have emerged as a transformative solution to address the challenges faced by traditional farming practices and are revolutionizing the way agriculture is conducted. Agriculture robots are equipped with advanced technologies such as GPS, sensors, cameras, and artificial intelligence, which enable them to perform tasks with precision and efficiency. Some of the common tasks carried out by agriculture robots include planting, seeding, weeding, spraying pesticides, harvesting, and monitoring crop health. Agriculture robots also play a crucial role in precision agriculture. By collecting data on soil conditions, weather patterns, and crop health, they enable farmers to make informed decisions and tailor their farming practices to maximize yields and minimize losses. The diversity in agriculture robots is expanding rapidly, with various types of robots catering to specific tasks and crops. For example, some robots are designed for harvesting specialty crops like fruits and vegetables, while others focus on monitoring large-scale fields. While agriculture robots offer numerous benefits, their adoption and integration into existing agricultural practices do come with challenges. These challenges include high initial costs, compatibility with existing farming equipment, and addressing safety and ethical considerations.
Major manufacturers in this market are based in North America, Asia, and Europe. These players have adopted several growth strategies to strengthen their position in the market through investing in research and development, product innovations, quality checks, mergers, and acquisitions.
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AGCO Corporation was incorporated in 1991 through the acquisition (management buyout) of Deutz-Allis from KHD (Germany). The company manufactures farm equipment under the brand name AGCO Allis and Gleaner. The company's products are sold through five brands: Challenger, Fendt, Grain Storage International (GSI), Massey Ferguson, and Valtra. AGCO Corporation operates in six major product segments: tractors, replacement parts, grain storage, protein production equipment, combines, application equipment, and other machinery.
AGCO Corporation is one of the leaders in designing, manufacturing, and distributing agricultural robotic solutions, including a line of tractors that combines harvesters, hay tools, sprayers, and forage and tillage equipment. The agricultural segment of the company comprises products and services that include guidance and autonomy, telematics and data, diagnostics, seeding, and application controls, yield monitoring and advanced sensors, displays and mobile applications, and grain storage monitoring.
AGCO has regional headquarters in China, Switzerland, Australia, and Brazil, with subsidiaries offering sales, administration, manufacturing, assembly, and distribution in more than 30 countries. Some of its subsidiaries are AGCO Austria GmbH (Austria), AGCO Danmark A/S (Denmark), AGCO Trading India Pvt. Ltd. (India), AGCO (Changzhou) Agricultural Machinery Co. Ltd. (China), and AGCO México (Mexico).
CNH INDUSTRIAL NV
CNH Industrial NV, through its brands, designs, produces, and sells commercial vehicles, buses, trucks, agricultural and construction equipment, and special vehicles, in addition to engines and transmissions for those vehicles and engines for marine applications. The company also provides equipment financing services. CNH Industrial operates through the following business segments—agriculture, commercial and specialty vehicles, powertrain, and construction. The company's major brands include the following:
The agricultural equipment is sold under the New Holland Agriculture, Case IH, the STEYR, Kongskilde, Överum, and Miller brands across Europe, North America, and Australia.
The Autonomous Concept Vehicle (ACV), which uses GPS RTK for navigation, was first showcased in 2016 at the US Farm Progress Show and then in Europe. In 2018, the brand started to implement pilot programs to study autonomous vehicles in real-life farming situations. Autonomous driving technology is currently being tested on the T4, T7, T8, and Quadtracs tractors.
Trimble Inc. is a global technology company that specializes in providing advanced positioning solutions and technologies for various industries, including agriculture, construction, geospatial, and transportation. With a diverse portfolio of products and services, Trimble has established itself as a leader in precision technology, enabling enhanced productivity and efficiency.
In the agricultural sector, Trimble offers innovative solutions that empower farmers to optimize their operations and make data-driven decisions. Their agricultural product line includes precision agriculture technology, software platforms, and hardware devices designed to enhance farm management practices.
Trimble's precision agriculture solutions encompass a wide range of offerings. Their guidance and steering systems, integrated with GPS technology, enable farmers to achieve precise and efficient field operations, such as planting, spraying, and harvesting. These systems enhance accuracy, reduce input wastage, and increase overall productivity.
Furthermore, Trimble provides precision farming software and data management platforms. These platforms collect and analyze data from various sources, including sensors, drones, and machinery, to provide actionable insights and enable farmers to monitor crop health, assess field variability, and optimize resource allocation. With these tools, farmers can make informed decisions regarding seed planting, fertilizer application, and irrigation management.
In addition to precision technology, Trimble has also expanded its capabilities into drone technology. Their unmanned aircraft systems (UAS) offer aerial imaging solutions for agriculture. Equipped with advanced sensors and cameras, these drones capture high-resolution imagery and provide valuable information for crop scouting, field mapping, and yield assessment. Integrating the data from these drones with Trimble's precision agriculture software enables farmers to gain comprehensive insights into their fields and make targeted interventions.
DJI is a global leader in unmanned aerial vehicles (UAVs) and aerial photography systems. With a focus on consumer and professional drones, DJI offers a wide range of high-quality products. In the consumer drone segment, their Mavic and Phantom series are known for their compact design and advanced features. For professionals, DJI's Inspire and Matrice series provide exceptional flight capabilities and image quality. In the agricultural sector, DJI has developed specialized drones like the Agras series. These drones enable farmers to monitor crop health and apply targeted treatments with precision. DJI's commitment to innovation is evident through its continuous research and development efforts. They also provide software solutions and mobile apps to enhance the user experience and facilitate data analysis. Overall, DJI's products and solutions have found applications in various industries, with their agricultural drones offering significant benefits to farmers in optimizing operations and improving crop yields.
Agriculture Robots Market by Type (Unmanned Aerial Vehicles/Drones, Milking Robots, Driverless Tractors, Automated Harvesting Systems), Farming Environment (Indoor and Outdoor), End-use Application and Region - Global Forecast to 2028
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