New Revenue Sources in Agribots Market

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The agriculture robots market size 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.

The agriculture robots market is rapidly evolving as technological advancements continue to transform traditional farming practices. The agriculture robots market size 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 Agricultural robots, often referred to as “AgriBots,” are autonomous machines designed to perform various tasks in agriculture, such as planting, harvesting, weeding, and monitoring crops. These robots are equipped with sensors, GPS systems, and AI algorithms that enable them to operate with precision and efficiency, reducing the need for manual labor and optimizing resource use.

How Will Advancements in AI and Robotics Shape the Future of Agricultural Automation?

Robots are widely utilized in the food processing industry, but their application in agriculture remains limited. However, there is significant potential for robotics in livestock management, including the deployment of autonomous platforms like IoT tags. Implementing remote sensing and identification tags to track raw materials and livestock can optimize crop and livestock production by enhancing automation in agriculture. Advances in drone and robotic technologies are helping farmers handle their demanding tasks more efficiently. Integrating agricultural technologies with GPS navigation and vision systems allows for more precise plowing and crop spraying. In the future, fleets of small, lightweight robots may replace traditional heavy tractors.

According to a 2018 white paper by the UK-Robotics and Autonomous Systems (UK-RAS) Network, approximately 50% of dairy herds in Europe are expected to be milked by robots by 2025. Robotic systems are also increasingly performing additional tasks on farms, such as waste removal from animal pens and feed transportation. The integration of advanced automation, big data analytics, IoT, and artificial intelligence is enhancing the capabilities of agricultural robots, providing greater benefits to the farming industry.

Transforming Agriculture: The Impact of Robots and IoT on Modern Farming Practices

IoT (Internet of Things) technology is used in agriculture robots to enhance their capabilities, enable data-driven decision-making, and improve overall efficiency in farm operations. IoT sensors are integrated into agriculture robots to collect data from various sources such as soil sensors, weather stations, and crop health monitors. These sensors gather information on soil moisture, temperature, humidity, nutrient levels, and crop conditions. The data is transmitted in real-time to a central server or cloud platform for analysis and further action.

IoT enables farmers and operators to remotely control and monitor agriculture robots. They can use smartphones, tablets, or computers to access the robot’s status, receive alerts, and adjust the robot’s actions as needed. This remote accessibility increases operational flexibility and efficiency.

Know about the assumptions considered for the study

Navigating the Agriculture Robots Market Ecosystem: Key Components and Their Roles

The agriculture robots ecosystem is a complex network of interconnected elements. At its heart are the robots themselves, which encompass drones, autonomous vehicles, and specialized systems tailored for various farming tasks. These robots are supported by technology providers who deliver cutting-edge sensors, imaging tools, AI, and data analytics solutions. Farm equipment manufacturers play a key role by integrating robotics into their machinery, enhancing overall functionality. The ecosystem also includes farm operators, large agribusinesses, and small-scale farmers who adopt and deploy these technologies. Furthermore, research institutions, governments, and agricultural organizations contribute significantly by fostering innovation, offering funding, and establishing regulations that influence the development and implementation of agriculture robots.

Europe’s Growing Influence: Holds the Largest Agricultural Robots Market Share

The agriculture robotics market in Europe is experiencing robust growth, driven by several key factors reshaping the region’s agricultural landscape. With a strong focus on digital transformation and sustainable farming, Europe’s agricultural sector is increasingly adopting robotics technology. Precision agriculture is gaining momentum across the continent, with agriculture robots playing a pivotal role. These robots, equipped with advanced sensors, GPS, and AI capabilities, enable farmers to optimize resource use, minimize environmental impact, and boost productivity. By precisely applying resources like water, fertilizers, and pesticides, these robots enhance efficiency and promote sustainable farming practices. European governments and agricultural organizations are actively supporting this technological shift by offering financial assistance, subsidies, and incentives, further accelerating the adoption of agriculture robots in the region.

How Leading Agriculture Robotics Companies, such as AGCO Corporation and CNH Industrial NV, Are Shaping the Future of Agribots

AGCO Corporation

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.

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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:

  • Case IH, New Holland Agriculture, and Steyr for tractors and agricultural machinery
  • Iveco for commercial vehicles and buses
  • Iveco Astra for quarry and construction vehicles
  • Magirus for firefighting vehicles
  • FPT Industrial for engines and transmissions

 

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