Agriculture Drones and Robots Market Size to Surpass USD
From GlobeNewswire: 2024-11-07 10:00:00
Agriculture drones and robots play a crucial role in crop monitoring, pesticide application, and harvesting, boosting efficiency and productivity for farmers. Market dynamics show a rise in automation in agriculture, driven by labor shortages and a desire for sustainable goods. North America leads in the global market, with a CAGR of 21.9%.
Indoor farming is on the rise globally, utilizing drones for monitoring and creating controlled environments for crop growth. The U.S. has made significant investments in indoor farming technology, fostering market growth. Asia-Pacific and Japan are expected to exhibit a CAGR of 25.3%, driven by technological advancements in agriculture and rising food production demands.
The global agriculture drones and robots market is projected to reach USD 102.15 billion by 2033, growing at a CAGR of 22.1%. The market is segmented by robot type, drone type, and applications, with milking robots and rotary-wing drones dominating. Competitive players include AeroVironment Inc., DJI, DeLaval, and others.
Recent developments include XAG unveiling advanced agricultural drones and ground robots, while SwarmFarm Robotics introduces technology for autonomous recharge and refill for spray robots. Straits Research provides market insights and intelligence for decision-makers, aiming to deliver actionable research data for ROI.
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