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.
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