According to a new report, published by KBV research, The Global Agricultural Robots Market size is expected to reach $47.3 billion by 2030, rising at a market growth of 20.1% CAGR during the forecast period.
The Dairy Robots segment is experiencing a CAGR of 19.4 % during the forecast period. The growing number of dairy producers around the world is one of the major factors influencing this development. More farmers are entering the dairy industry to satisfy the rising consumer demand for dairy products as it continues to rise globally. According to information from the International Dairy Federation (IDF), there are about 133 million dairy farms globally as of 2021. This automation reduces labor costs and ensures the quality and consistency of milk production.
The Milking segment is generating the highest revenue in the Global Agricultural Robots Market, by Application in 2022; thereby, achieving a market value of $13.4 Billion by 2030. The automatic milking equipment enhances milk production and reduces labor expenses. Cows are provided with a comfortable and stress-free milking experience by milking robots. They employ sensors and cameras to detect the presence of milking animals, clean their udders, affix equipment, and monitor the milking process. This minimizes stress and discomfort during milking by reducing the need for physical contact with the cows.
The Software segment is exhibiting a CAGR of 20.4% during (2023 - 2030). The development of artificial intelligence (AI) and machine learning (ML) technologies is one of the main factors influencing the software segment’s explosive expansion. Robots can use software algorithms to identify and classify crops, detect diseases and pests, optimize irrigation and fertilization, and even predict crop yields. The software segment's rapid expansion is driven by the higher productivity, resource efficiency, and cost savings brought about by the integration of AI and ML in agriculture robots.
The North America region dominated the Global Agricultural Robots Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $16.4 Billion by 2030. The Europe region is anticipated to grow a CAGR of 19.9% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 20.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/agricultural-robots-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AGCO Corporation, Autonomous Solutions, Inc., Lely International N.V., CNH Industrial N.V., CLAAS KGaA mbH, GEA Group AG, Harvest Automation, Inc., Trimble, Inc., Agrobot and DeLaval.
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