Agriculture Robotics Market Size

Agriculture Robots Market size was over USD 13.44 billion in 2023 and is anticipated to reach USD 188 billion by 2036, witnessing around 22.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of agriculture robots is estimated at USD 15.86 billion. The growth of the agriculture robots market can primarily be attributed to the rapidly growing global food demand. According to a report published by the Food and Agricultural Organization of the United Nations, the production of cereals worldwide has been increased by 7 million tons in 2022.

Agriculture robots are the most technologically advanced machines which are used in agriculture. These robots are fully automated, which reduces the amount of time spent on the job and the amount of manual labor required in the field. In this way, a better crop yield by deploying agriculture robots. Farmers have been using agriculture robots in a wide array of farming, i.e., harvesting, weed control, seeding, and soil analysis. By using robotics, more advanced agricultural techniques are enabling increased production of grains, fruits, and numerous other crops and helping out to cater to the rapidly growing food demand. It was observed that the global hunger rate reached between 700 and 800 million people in 2020.