Top 6 Companies in the Agricultural Robots Market
Agricultural Robot Market to Reach USD 15.93 Billion by 2028
The global Agricultural Robot market was valued at USD 3.63 Billion in 2020 and is expected to reach USD 15.93 Billion by 2028, growing at a CAGR of 20.31% from 2021 to 2028.
The agriculture industry has changed drastically in the last few decades and has come a long way from traditional farming methods to smart agriculture. It is one of the fastest growing sectors worldwide and requires a lot of work in the planting, harvesting and management of agricultural products. With the rapidly growing population around the world, the demand for organic and high-quality food and food products is increasing. Traditionally, farming has required a lot of repetition and hard work, and has produced comparatively low yields due to the low speed of seeding, irrigation, monitoring, fertilization and harvesting in large agricultural areas. Today, a single agricultural robot is capable of performing tasks such as seeding, spraying, weed control, chemical applications, phenotyping, sorting, harvesting and tilling.
Agricultural robots are special automated vehicles used in modern farming and farming practices to reduce the burden on farmers. Based on the role in the field, agricultural robots are broadly classified into crop harvesting robots, weeding robots and aerial imagery drones and seed planting drones. These robots reduce the manual work of the farmers and help in increasing the production in less time. One of the major advantages of robots is their ability and flexibility to perform a variety of tasks in any environmental conditions. Agricultural robots help in accurate analysis of livestock and crop as well as optimum consumption of water resources and land to increase agricultural yield.
In 2020, the rapid spread of COVID-19 significantly affected global business operations, disrupting supply chains and impacting various industries. The nationwide lockdown, international border seals and strict social distancing measures have led to a sharp drop in global business activity. This had a huge impact on the global economy, as companies around the world were forced to either completely or partially shut down their operations, causing disruption in the supply-demand ratio. Moreover, 2021 saw a second wave of COVID-19 in several key markets such as the US, India and Brazil which further disrupted the market. However, it is expected that with the reopening of business activities, there will be a steady increase in demand in the market in the coming years. The impact of COVID-19 on market demand is considered while estimating the current and forecast market size and growth trends for all regions and countries.
World’s Major Agricultural Robot Companies:
- Blue River Technology
- Harvest CROO Robotics
- Abundant Robotics
- Ibex Automation Ltd
- SkySquirrel Technologies Inc.
Blue River Technology, a subsidiary of John Deere, is a computer vision and robotics technology company based in California, United States that offers advanced robots using artificial intelligence, deep learning for sustainable agriculture, and weed control. Sea & Spray is a flagship product of the company that uses machine learning and computer vision to differentiate between weeds and crops. The product is capable of processing images of plants more than 20 times per second with 12 mph across the field.
Revenue of Blue River Technology US$30.3 Million.
Harvest CROO Robotics is a Florida-based technology company focused on introducing automation to the agriculture industry. The company aims to provide harvesting services that automate crop management, harvesting and packing of strawberries. The robotic picker can look at a strawberry plant and locate ripe berries using artificial intelligence.
Revenue of Harvest CROO Robotics is US $5.28 Million.
Agrobot is an automation company that manufactures agricultural robots to create cost-effective solutions for farmers with labor shortages. It has a wide range of Smart Farming Machinery and Agricultural Robots at affordable prices. Agrobot has developed the first robot for harvesting strawberries and launched a flexible mobile platform and around 24 robotic manipulators designed to align traditional farming techniques and state-of-the-art technology to ensure that despite labor shortages, there is no need for labor. Crop can be increased. 24 robotic arms use 3D sensing to examine berries and work together to pick multiple rows of strawberries. Agrobot has recently launched Bug Vacuum, an autonomous inset vacuum robot, specially designed for ligus pest control in the field.
Revenue of Agrobot is US $6 Million.
Ecorobotics is a leading automation and robotics company based in Switzerland that develops autonomous weeding robots for modern agriculture to help farmers produce healthier food and achieve higher yields. Ecorobotics is known for developing solar powered weeding machinery. These solar-powered robots have cameras, two arms and table-like robotic sprayers that help spray a fixed dose of herbicide on weeds and can kill weeds for up to 12 hours without the need for an operator.
Revenue of Ecorobotics is US $5 Million.
SkySquirrel Technologies Inc. is a Canadian startup focused on developing drone-based technology to monitor the health of crops. The company's primary objective is to increase crop yields and reduce damage caused by crop diseases in commercial vineyards. The major applications of these drone systems on farms are crop monitoring, irrigation, soil and field analysis as well as bird control. The company uses aerial-based multi-spectral sensors with advanced algorithms to help farmers optimize vineyard management decisions, irrigation management and disease mapping.
Revenue of SkySquirrel Technologies is US $3.41 Million.
Ibex Automation Limited based in Sheffield, United Kingdom is a leading company specialized in developing autonomous agricultural robotic systems and a part of support activities for the crop production industry. It has a wide range of robots for agricultural purposes, including precise weed detection and spraying systems used in grasslands. IBEX is an agricultural robot which is mainly used for weed cutting and ample farming needs in uneven places and hills. It has a high resolution onboard camera and navigation system to detect weeds and view soil conditions and other crops.
Revenue of Ibex Automation Limited is US $59,439.
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