Farmers are increasingly turning to technology to enable more efficient use of their farmland to meet demand for food from a growing global population and deal with labor shortages and costs, regulations, and changing weather conditions. At the same time, numerous robotic solutions are being developed to meet this demand for precision agriculture. Increasing market penetration of unmanned aerial vehicles (UAVs), robots, and automation technology on farms around the world is being facilitated by improvements in the intelligence, performance, and price of sensing technologies, electric motors, and drive controls. Advanced machine vision and machine learning are being incorporated into systems that integrate these technologies to produce new types of agricultural robots. Robots and automation technologies have the potential to dramatically improve crop quality and yields, reduce the amount of chemicals used, solve labor shortages, and provide hope for the economic sustainability of smaller farming operations. These factors are driving strong demand for robots throughout the farming process, including planting, pruning, weeding, pick-and-place, sorting, seeding, spraying, harvesting, and materials handling. Global agricultural robot revenue is expected to maintain healthy growth, rising from $7.5 billion in 2018 to $87.9 billion in 2025. Tractica expects this market to grow and diversify rapidly through 2025, providing significant market opportunities for established companies and new participants. This Tractica report provides 8-year market sizing and forecasts for agricultural robot shipments and revenue during the 2018-2025 timeframe, segmented by world region and application type. It discusses the global market trends, drivers, challenges, and technological issues that will influence the development of agricultural robots. Tractica also presents a detailed picture of market participants based on interviews with CEOs and research, profiling 27 key players and listing more than 150 emerging and significant industry players.
The Analyst Team
Glenn Sanders
Senior Analyst, Robotics & Autonomous Machines
As a Senior Analyst, Glenn Sanders synthesizes information about technologies, markets, and use cases, including services, hardware, and software. Glenn brings more than 25 years of insight from his business and technology experience in Japan and Silicon Valley as a senior technologist and technology writer.
Glenn’s first foray into technology writing was for Fujitsu in Tokyo in 1996. He specializes in research about robots, drones, and autonomous machines. Prior to joining Omdia, he was a senior analyst for Greenlight Insights, where he led the creation of industry reports about virtual reality and augmented reality software, hardware, and platforms. As a senior analyst for Intellectual Ventures and for Ocean Tomo, Glenn led market analysis and technology valuation for investment funds worth over $20 million on a range of topics, including electric vehicles, semiconductors, power systems, inventory management systems, near-field communications, radio frequency ID, and web-based OS software and devices.
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