IDTechEx Report Outlines Future of the Agricultural Robotics Industry – IDTechEx.com

IDTechEx has recently released "Agricultural Robotics Market 2022-2032", a market research report exploring the technical and market factors that are shaping the emerging industry around agricultural robotics. The agricultural robotics industry has grown quickly in recent years, spurred on by advances in robotics technology and artificial intelligence (AI), and may be set to help alleviate some of the labor issues that are currently threatening global agriculture.

Agricultural robotics, as covered in the new IDTechEx report, can be used to automate a range of agricultural tasks, including weeding, seeding, and harvesting of fresh fruit. Some applications of agricultural robotics, including robotic milking, are already developed industries attracting hundreds of millions of dollars in annual revenue, whereas others, such as fully autonomous tractors, are still emerging and may only reach full commercialization by the end of the decade.

The report also includes a discussion of business models within the agricultural robotics industry, such as the advantages and challenges around pursuing a robotics-as-a-service (RaaS) business model, as well as some of the market challenges facing the industry, such as regulations, issues around data ownership, and establishing trust with farmers. 10-year market forecasts are provided for the future of the agricultural robotics industry, including breakdowns by region and by application area. Based on IDTechEx's technical and industry analysis, the agricultural robotics market size is forecast to reach $6.7 billion by 2032.

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IDTechEx Report Outlines Future of the Agricultural Robotics Industry - IDTechEx.com