Friday, March 29, 2024

Field robot sales will hit US$11 billion by 2030

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Hiring for robotics-related roles has risen significantly in the agricultural sector, with vacancies increasing by 80% between September 2019 and September 2022.
The commercial drone market will overtake military drones and become the largest segment of the drone market by revenue in the next few years and agricultural drones are a key driver.
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The demand for robotic technologies in agriculture is set to hit US$11 billion by 2030, according to a new report from GlobalData, a leading data and analytics company.

The global agricultural sector is tackling a multitude of challenges, from climate change to population growth, and the growing demand for food. 

Robotics offers a much-needed solution, providing answers from vertical farms to drones. 

Last year, field robot sales reached US$1.1b and the report, Robotics in Agriculture, reveals how robotics will be key in helping to ease labor shortages, reduce pressure on natural resources and meet the global demand for agricultural products, while also helping the sector adapt to the challenges of climate change.

The report also states that the commercial drone market will overtake military drones and become the largest segment of the drone market by revenue in the next few years and agricultural drones are a key driver. 

Agricultural drones are unmanned aerial vehicles used in farming for yield optimization and monitoring.

Rachel Foster Jones, thematic analyst at GlobalData says the Chinese drone industry is the largest in the world.

“The country is leading innovation in agricultural drones, with Chinese companies DJI and XAG paving the way. 

“These drones provide imaging and surveying tasks, whilst crop spraying, and terrain monitoring will become key growth areas. 

“Both companies were the most active in terms of patent applications in the agri-drone sector. 

“Between 2018 to 2021, they published 421 patents, reinforcing China’s dominant position in the global drone industry.”

The report also shows that hiring for robotics-related roles has risen significantly in the agricultural sector, with vacancies increasing by 80% between September 2019 and September 2022.

“Both traditional agricultural companies, such as Cargill and Syngenta, and agricultural start-ups are hiring in robotics. The agricultural sector is becoming increasingly aware of the potential of robotics as traditional companies are trying to improve their internal expertise of this important themes rather than simply forming partnerhsips.

“As more traditional agricultural companies try to enhance their robotics expertise, increased acquiring activity will be experienced by the sector.”

Full report: https://www.globaldata.com/store/report/robotics-in-agriculture-theme-analysis/

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