Get More Information on Autonomous Multifunctional Agriculture Robot Market - Request Sample Report
The Autonomous Multifunctional Agriculture Robot Market was valued at USD 0.42 Billion in 2023 and is projected to reach USD 1.67 Billion by 2032, growing at a CAGR of 16.64% from 2024 to 2032.
Farmers can focus more on improving total crop production by automating slow, repetitive, and monotonous activities with Autonomous Multifunctional Agriculture Robots. These robots are used to reduce the need for human intervention, ensuring proper irrigation and resource utilization. These robots are especially effective for automated weed management and soil-based fertilizer application condition and soil sensors for drip irrigation in rain-fed areas.
The Autonomous Multifunctional Agriculture Robot Market is divided into three components: hardware, software, and services. In 2022, the Hardware category held the most share, accounting for 65-67% of the Autonomous Multifunctional Agriculture Robot Market revenue. The largest of these categories is hardware. The category's Autonomous multifunctional agriculture robot market was valued USD 0.21 billion in 2022, and it is expected to grow at a 15.8% CAGR during the study period. Many advantages may be obtained by automating farms, including the elimination of human work in poor weather, accuracy, remote monitoring, and other benefits.
Unlike open-source web apps, which require an internet connection to function, our created web applications can run on a local network as long as the system is connected to the Internet. Furthermore, as compared to the normal open-source agricultural robot, it is convenient and straightforward to add new capabilities and improve existing ones. The complete intended system has been tested.
Report Attributes | Details |
---|---|
Key Segments | • By Component (Hardware, Software, Services) |
Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | Yanmar Holdings CO. LTD., AgEagle Aerial Systems, Harvest Automation, Ecorobotix SA, CNH Industrial NV, Deepfield Robotics, Ducksize, FarmDroid ApS, Naio Technologies, Nexus Robotics, AGROINTELLI, PeK Automotive, Advantech Farms Technologies Inc., Agrobot, Korechi Innovations Inc. |
Rising demand for vertical farming and indoor planting
The growing demand for grain and fruit and vegetable production supports the expansion of the autonomous multipurpose farm robot market. In addition, limited arable land drives market demand for vertical farming and indoor planting. Furthermore, the increasing demand on farmers around the world to boost their profitability and sustainability increases their autonomy. Size of the multifunctional agriculture robot market.
Farm labor shortages are becoming more severe. Global penetration of IoT and navigation technologies
RESTRAIN:
Lack of internet connectivity
High costs
OPPORTUNITY:
Rising knowledge of modern technologies
Furthermore, there is a growing knowledge of modern agricultural technologies such as agribusiness and intensive farming. Organic farming, precision farming, smart farming, and sustainable agriculture all define tremendous opportunities. The market for autonomous multipurpose agriculture robots is being driven by increased global food demand. Furthermore, growing robotics applications in agricultural industries provide.
Rising demand for farm robots equipped with 3D cameras
CHALLENGES:
High cost for maintenance and lack of regularity
The absence of suitable internet connection and the skills necessary to incorporate robotics are limiting industry growth. Furthermore, the high expenses of initial acquisition and maintenance of these robots, as well as the lack of regulatory standardization, represent substantial challenges. Nonetheless, widespread implementation of agricultural robotics would support the During the assessment period, the market grew.
IMPACT OF RUSSIAN UKRAINE WAR
However, as losses grow in Ukraine, so does the push to acquire major military advantages with completely autonomous weapons – robots that can identify, track down, and attack their targets without human intervention. This month, a major Russian firm declared plans to create a new combat version of its Marker reconnaissance robot, an unmanned ground vehicle, to supplement existing Ukrainian forces. Fully autonomous drones are already being deployed to protect Ukrainian energy infrastructure from other drones. According to Wahid Nawabi, CEO of the US defense corporation that manufactures the semi-autonomous Switchblade drone, the technology to convert these weapons to fully autonomous is already within reach.
Ukraine grew as a significant global supplier of grains and vegetable oil in the two decades preceding the war. Grain exports more than quadrupled, and the country's share of global grain commerce increased from 5% to 12%-14%. The majority of agricultural exports (approximately 93%) travelled to the Middle East and North Africa region, as well as to Europe by water. Ukraine was only able to expand its agricultural export exports by rail by around 1 million metric tons per month during the summer of 2022.Truck exports have also been restricted to approximately 600,000 tons each month. The entire cargo capacity of these alternate routes fell far short of demand, and exports could not even come close to pre-war monthly shipments. In this case 2022 harvest approached, oversupplies depleted current domestic storage capacity.
By Component
Hardware
Software
Services
North America controls the market for autonomous multipurpose agriculture robots. Increased digitalization and automation in agriculture industries and farming practices, such as vertical and horizontal farming Influence market growth through indoor farming.
APAC is establishing itself as a lucrative market for autonomous multifunctional agriculture robots. Factors like as rising population, rapidly dwindling arable land and water resources, and a scarcity of farm laborers all contribute to the market's magnitude. Furthermore, the growing demand for organic food and the huge Technological improvements and innovations propel the region's market share.
Due of its huge technological breakthroughs, Germany has the largest increase in autonomous multifunctional agriculture robots among the major European countries. Furthermore, the presence of agricultural enterprises and robotics suppliers boosts market income. Moreover, in this region, enhanced Internet access with great reliability drives market share gains.
Need any customization research on Autonomous Multifunctional Agriculture Robot Market - Enquiry Now
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of key players of Autonomous Multifunctional Agriculture Robot Market are Small Robot Company (SRC), New Holland Agricultural, Harvest Automation, Ecorobotix SA, CNH Industrial NV, Deepfield Robotics, Ducksize, FarmDroid ApS, Naio Technologies, Nexus Robotics, AGROINTELLI, PeK Automotive, Advantech Farms Technologies Inc., Agrobot, Korechi Innovations Inc., and other players are listed in a final report.
June 2022: Small Robot Company (SRC), a British startup that creates agricultural robots, has announced plans to deploy its robots on approximately 50 farms during the 2022-2023 growing season.
April 2022: New Holland Agricultural has announced the establishment of a dealer network in the Republic of Ireland. This dealer network paired New Holland farm machinery with Donohoe construction equipment to serve the counties of Wexford and Carlow.
February 2022: The robot-as-person Verdant Robotics established the notion of software as a service (RaaS) to ensure that more speciality crop growers may satisfy their need for more profitable and sustainable growing methods.
Naio Technologies debuted the Orio agricultural robot at the World Ag Expo 2022 in February 2022. Herbicide alternatives like Orio protect soils, improve working conditions, and collect data for smart farming.
Report Attributes | Details |
Market Size in 2023 |
US$ 0.42 Bn |
Market Size by 2032 |
US$ 1.67 Bn |
CAGR |
CAGR of 16.64% From 2024 to 2032 |
Base Year |
2023 |
Forecast Period |
2024-2032 |
Historical Data |
2020-2022 |
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments |
By Component (Hardware, Software, Services) |
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Company Profiles |
Yanmar Holdings CO. LTD., AgEagle Aerial Systems, Harvest Automation, Ecorobotix SA, CNH Industrial NV, Deepfield Robotics, Ducksize, FarmDroid ApS, Naio Technologies, Nexus Robotics, AGROINTELLI, PeK Automotive, Advantech Farms Technologies Inc., Agrobot, Korechi Innovations Inc. |
Market Opportunities |
•Rising knowledge of modern technologies •Rising demand for farm robots equipped with 3D cameras |
Market Challenges |
•High cost for maintenance and lack of regularity |
Autonomous Multifunctional Agriculture Robot Market size was valued at USD 0.34 billion in 2022
USD 1.45 billion is expected to grow by 2031.
North America is dominating the Autonomous Multifunctional Agriculture Robot Market.
Autonomous Multifunctional Agriculture Robot Market is anticipated to expand by 16.64% from 2024 to 2031.
Rising demand for vertical farming and indoor planting and Farm labour shortages are becoming more severe. Global penetration of IoT and navigation technologies.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Autonomous Multifunctional Agriculture Robot Market Segmentation, By Component
8.1 Hardware
8.2 Software
8.3 Services
9. Regional Analysis
9.1 Introduction
9.2 North America
9.2.1 North America Autonomous Multifunctional Agriculture Robot Market by Country
9.2.2 North America Autonomous Multifunctional Agriculture Robot Market by Component
9.2.3 USA
9.2.3.1 USA Autonomous Multifunctional Agriculture Robot Market by Component
9.2.4 Canada
9.2.4.1 Canada Autonomous Multifunctional Agriculture Robot Market by Component
9.2.5 Mexico
9.2.5.1 Mexico Autonomous Multifunctional Agriculture Robot Market by Component
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Eastern Europe Autonomous Multifunctional Agriculture Robot Market by Country
9.3.1.2 Eastern Europe Autonomous Multifunctional Agriculture Robot Market by Component
9.3.1.3 Poland
9.3.1.4.1 Poland Autonomous Multifunctional Agriculture Robot Market by Component
9.3.1.4 Romania
9.3.1.4.1 Romania Autonomous Multifunctional Agriculture Robot Market by Component
9.3.1.5 Hungary
9.3.1.5.1 Hungary Autonomous Multifunctional Agriculture Robot Market by Component
9.3.1.6 Turkey
9.3.1.6.1 Turkey Autonomous Multifunctional Agriculture Robot Market by Component
9.3.1.7 Rest of Eastern Europe
9.3.1.7.1 Rest of Eastern Europe Autonomous Multifunctional Agriculture Robot Market by Component
9.3.2 Western Europe
9.3.2.1 Western Europe Autonomous Multifunctional Agriculture Robot Market by Country
9.3.2.2 Western Europe Autonomous Multifunctional Agriculture Robot Market by Component
9.3.2.3 Germany
9.3.2.3.1 Germany Autonomous Multifunctional Agriculture Robot Market by Component
9.3.2.4 France
9.3.2.4.1 France Autonomous Multifunctional Agriculture Robot Market by Component
9.3.2.5 UK
9.3.2.5.1 UK Autonomous Multifunctional Agriculture Robot Market by Component
9.3.2.6 Italy
9.3.2.6.1 Italy Autonomous Multifunctional Agriculture Robot Market by Component
9.3.2.7 Spain
9.3.2.7.1 Spain Autonomous Multifunctional Agriculture Robot Market by Component
9.3.2.8 Netherlands
9.3.2.8.1 Netherlands Autonomous Multifunctional Agriculture Robot Market by Component
9.3.2.9 Switzerland
9.3.2.9.1 Switzerland Autonomous Multifunctional Agriculture Robot Market by Component
9.3.2.10 Austria
9.3.2.10.1 Austria Autonomous Multifunctional Agriculture Robot Market by Component
9.3.2.11 Rest of Western Europe
9.3.2.11.1 Rest of Western Europe Autonomous Multifunctional Agriculture Robot Market by Component
9.4 Asia-Pacific
9.4.1 Asia Pacific Autonomous Multifunctional Agriculture Robot Market by Country
9.4.2 Asia Pacific Autonomous Multifunctional Agriculture Robot Market by Component
9.4.3 China
9.4.3.1 China Autonomous Multifunctional Agriculture Robot Market by Component
9.4.4 India
9.4.4.1 India Autonomous Multifunctional Agriculture Robot Market by Component
9.4.5 Japan
9.4.5.1 Japan Autonomous Multifunctional Agriculture Robot Market by Component
9.4.6 South Korea
9.4.6.1 South Korea Autonomous Multifunctional Agriculture Robot Market by Component
9.4.7 Vietnam
9.4.7.1 Vietnam Autonomous Multifunctional Agriculture Robot Market by Component
9.4.8 Singapore
9.4.8.1 Singapore Autonomous Multifunctional Agriculture Robot Market by Component
9.4.9 Australia
9.4.9.1 Australia Autonomous Multifunctional Agriculture Robot Market by Component
9.4.10 Rest of Asia-Pacific
9.4.10.1 Rest of Asia-Pacific Autonomous Multifunctional Agriculture Robot Market by Component
9.5 Middle East & Africa
9.5.1 Middle East
9.5.1.1 Middle East Autonomous Multifunctional Agriculture Robot Market by Country
9.5.1.2 Middle East Autonomous Multifunctional Agriculture Robot Market by Component
9.5.1.3 UAE
9.5.1.3.1 UAE Autonomous Multifunctional Agriculture Robot Market by Component
9.5.1.4 Egypt
9.5.1.4.1 Egypt Autonomous Multifunctional Agriculture Robot Market by Component
9.5.1.5 Saudi Arabia
9.5.1.5.1 Saudi Arabia Autonomous Multifunctional Agriculture Robot Market by Component
9.5.1.6 Qatar
9.5.1.6.1 Qatar Autonomous Multifunctional Agriculture Robot Market by Component
9.5.1.7 Rest of Middle East
9.5.1.7.1 Rest of Middle East Autonomous Multifunctional Agriculture Robot Market by Component
9.5.2 Africa
9.5.2.1 Africa Autonomous Multifunctional Agriculture Robot Market by Country
9.5.2.2 Africa Autonomous Multifunctional Agriculture Robot Market by Component
9.5.2.3 Nigeria
9.5.2.3.1 Nigeria Autonomous Multifunctional Agriculture Robot Market by Component
9.5.2.4 South Africa
9.5.2.4.1 South Africa Autonomous Multifunctional Agriculture Robot Market by Component
9.5.2.5 Rest of Africa
9.5.2.5.1 Rest of Africa Autonomous Multifunctional Agriculture Robot Market by Component
9.6 Latin America
9.6.1 Latin America Autonomous Multifunctional Agriculture Robot Market by Country
9.6.2 Latin America Autonomous Multifunctional Agriculture Robot Market by Component
9.6.3 Brazil
9.6.3.1 Brazil Autonomous Multifunctional Agriculture Robot Market by Component
9.6.4 Argentina
9.6.4.1 Argentina Autonomous Multifunctional Agriculture Robot Market by Component
9.6.5 Colombia
9.6.5.1 Colombia Autonomous Multifunctional Agriculture Robot Market by Component
9.6.6 Rest of Latin America
9.6.6.1 Rest of Latin America Autonomous Multifunctional Agriculture Robot Market by Component
10 Company Profile
10.1 Small Robot Company (SRC)
10.1.1 Company Overview
10.1.2 Financials
10.1.3 Product/Services Offered
10.1.4 SWOT Analysis
10.1.5 The SNS View
10.2 New Holland Agricultural
10.2.1 Company Overview
10.2.2 Financials
10.2.3 Product/Services Offered
10.2.4 SWOT Analysis
10.2.5 The SNS View
10.3 Harvest Automation
10.3.1 Company Overview
10.3.2 Financials
10.3.3 Product/Services Offered
10.3.4 SWOT Analysis
10.3.5 The SNS View
10.4 Ecorobotix SA
10.4 Company Overview
10.4.2 Financials
10.4.3 Product/Services Offered
10.4.4 SWOT Analysis
10.4.5 The SNS View
10.5 CNH Industrial NV
10.5.1 Company Overview
10.5.2 Financials
10.5.3 Product/Services Offered
10.5.4 SWOT Analysis
10.5.5 The SNS View
10.6 Deepfield Robotics
10.6.1 Company Overview
10.6.2 Financials
10.6.3 Product/Services Offered
10.6.4 SWOT Analysis
10.6.5 The SNS View
10.7 Ducksize
10.7.1 Company Overview
10.7.2 Financials
10.7.3 Product/Services Offered
10.7.4 SWOT Analysis
10.7.5 The SNS View
10.8 FarmDroid ApS
10.8.1 Company Overview
10.8.2 Financials
10.8.3 Product/Services Offered
10.8.4 SWOT Analysis
10.8.5 The SNS View
10.9 Naio Technologies
10.9.1 Company Overview
10.9.2 Financials
10.9.3 Product/Services Offered
10.9.4 SWOT Analysis
10.9.5 The SNS View
10.10 Nexus Robotics
10.10.1 Company Overview
10.10.2 Financials
10.10.3 Product/Services Offered
10.10.4 SWOT Analysis
10.10.5 The SNS View
10.11 AGROINTELLI
10.11.1 Company Overview
10.11.2 Financials
10.11.3 Product/Services Offered
10.11.4 SWOT Analysis
10.11.5 The SNS View
10.12 PeK Automotive
10.12.1 Company Overview
10.12.2 Financials
10.12.3 Product/Services Offered
10.12.4 SWOT Analysis
10.12.5 The SNS View
10.13 Advantech Farms Technologies Inc.
10.13.1 Company Overview
10.13.2 Financials
10.13.3 Product/Services Offered
10.13.4 SWOT Analysis
10.13.5 The SNS View
10.14 Agrobot
10.14.1 Company Overview
10.14.2 Financials
10.14.3 Product/Services Offered
10.14.4 SWOT Analysis
10.14.5 The SNS View
10.15 Korechi Innovations Inc.
10.15.1 Company Overview
10.15.2 Financials
10.15.3 Product/Services Offered
10.15.4 SWOT Analysis
10.15.5 The SNS View
11. Competitive Landscape
11.1 Competitive Bench marking
11.2 Market Share Analysis
11.3 Recent Developments
11.3.1 Industry News
11.3.2 Company News
11.3.3 Mergers & Acquisitions
12. USE Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The ReRAM Market size was valued at USD 710.35 million in 2023 and is expected to grow to USD 2563.30 million by 2031 and grow at a CAGR of 17.4% over the forecast period of 2024-2031.
The Quantum Dot Market Size was valued at USD 5.73 billion in 2023, and is expected to reach USD 24.24 billion by 2032, and grow at a CAGR of 17.48 % over the forecast period 2024-2032.
The Mobile Augmented Reality Market size was valued at USD 17.08 billion in 2023 and is expected to grow to USD 207.8 billion by 2032 and grow at a CAGR Of 32 % over the forecast period of 2024-2032.
The VPX SBC Market size was valued at USD 190.5 million in 2022. It is estimated to hit USD 532.08 million by 2030 and grow at a CAGR of 13.7% over the forecast period of 2023-2030.
Silicon-on-Insulator (SOI) Market Size was valued at USD 1.6 billion in 2023, and expected to reach USD 4.96 billion by 2031, and grow at a CAGR of 15.2% over the forecast period 2024-2031.
The AI-Powered Storage Market Size was valued at USD 23.05 billion in 2023 and is expected to reach USD 172.9 billion by 2032 and grow at a CAGR of 25.1% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone