The global market for agricultural robots is proliferating due to technological advances in areas such as IoT, robotics and Artificial Intelligence, and according to an Reportlinker.com report, is valued at $7.57 billion by 2021, expected to raise $35.93 billion by 2030. Agribots are implemented to perform various operations, such as soil analysis, seed control, fruit harvesting, seed planting, harvesting, seed classification, field agriculture, dairy cattle and others.

However, factors such as high installation cost of these agricultural robots, lack of Internet connectivity in remote areas, lack of awareness among farmers and incompetence of robots to match human skills should hinder the growth of the agricultural robot market during the forecast period.

In addition, government initiatives to take up modern agricultural techniques, requirements to monitor crop health for better yields, innovative product launches by market players, as well as R&D activities for sustainable agricultural development, are paving the way for lucrative opportunities in the global agricultural robot market.

North America is expected to dominate the global agricultural robot market, with the highest market share, due to increased adoption of advanced technology, increased research and development activities, and high disposable income per capita.

Asia Pacific significantly represents emerging economies and is expected to grow with substantially growing market share due to increased government initiatives to adopt modern technologies, raise awareness among farmers, and increase government subsidies to promote advanced agricultural techniques.

Source: Agrolink