Menu

The Industrial Internet of Things FEATURE NEWS

Agricultural Robots on the Rise

By Chrissie Cluney January 11, 2017

A new wave toward the future of agriculture is coming.

According to Tractica, a market intelligence firm that focuses on human interaction with technology, the market for agricultural robots is developing at a rapid pace. Large numbers of established and startup agricultural technology companies are developing, piloting, and launching an innovative range of robotic systems to tackle a wide variety of tasks. 

Tractica collaborated with The Robot Report to write “Agricultural Robots,” which predicts that shipments of agricultural robots will increase significantly in the upcoming years, rising from 32,000 units in 2016 to 594,000 units annually in 2024. By this time the market is expected to reach $74.1 billion in annual revenue.

“The rising demand for agricultural robots is being driven by a number of factors including global population growth, increasing strain on the food supply, declining availability of farm workers, the challenges, costs, and complexities of farm labor, changing farmlands, climate change, the growth of indoor farming, and the broader automation of the agriculture industry,” said Manoj Sahi, research analyst, Tractica.

Key application areas for agricultural robots include driverless tractors, unmanned aerial vehicles (UAVs), material management, field crops and forest management, soil management, dairy management, and animal management, with a diverse set of subcategories emerging within each of those areas.

“Robotics companies are keenly focused on the agricultural market opportunity,” said Frank Tobe, editor and publisher, The Robot Report.  “Our research identified and profiled more than 150 industry participants who are developing and launching robotic systems to address the need for more automation to improve efficiency, reduce costs, and address labor concerns against the backdrop of a rapidly changing agriculture market and technology environment.”

The report examined global market trends for agricultural robots and provides 10-year market sizing and forecasts for agricultural robot shipments and revenue during the period from 2015 through 2024. Also it examined the market opportunities, barriers, and technology issues for each of the key application markets. The study also includes 178 profiles of industry players in the agricultural robot market.  

If Tractica and the Robot Report are correct in their findings, the agricultural world will be more productive with the introduction of these robots. 




Edited by Ken Briodagh
SHARE THIS ARTICLE
Related Articles

So Many IoT Organizations, So Little Time and Traction

By: Arti Loftus    10/29/2019

With over 500 IoT platforms, dozens of Industrial IoT open source projects, multiple communities of interest, and thousands of companies working acros…

Read More

New Assessment Tool Helps Enterprises Benchmark IIoT Maturity

By: Arti Loftus    6/24/2019

The Industrial Internet Consortium (IIC) announced a new IIoT Maturity Assessment, a web-based tool included in the IIC Resource Hub that enables user…

Read More

Winners of the 2019 IoT Evolution Industrial IoT Product of the Year Awards Announced

By: TMCnet News    6/20/2019

TMC, in conjunction with its partner Crossfire Media, today announced the winners of the 2019 IoT Evolution Industrial IoT Product of the Year Awards,…

Read More

IoT Time Podcast S.3 Ep.10 Netcracker

By: Ken Briodagh    3/29/2018

In this episode of IoT Time Podcast, Ken Briodagh sits down with Paul Hughes (@PHughesNC), Director of Strategy at Netcracker to talk about 5G impleme…

Read More

Smart Farming: How IIoT Is Making Agriculture More Sustainable

By: Special Guest    3/28/2018

The IIoT is driving a new industrial revolution - and this one's centered on the automation of industrial processes. All kinds of industries are affec…

Read More