Market Size of North America Agricultural Robots and Mechatronics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 17.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Agricultural Robots Market Analysis
North American agricultural robots and mechatronics market is projected to grow at a CAGR of 17.2% for the forecast period(2020-2025). The major driving factor behind the market is the need to increase yields and reduce costs simultaneously. Agriculture, in some cases, is not profitable as it consumes huge amounts of labor, and land prices are high. Mechatronic robots greatly reduce human intervention and are much more efficient than humans in agricultural practices.
Additional drivers are the prevention of harmful effects of chemicals used in agriculture on humans, especially in indoor farming and the ability of robots to work in all weather. The United States is the largest market with many established companies, and Canada follows the list. Technology adoption is rapidly progressing in the United States due to high-income levels. Even though robots and mechatronics are fast evolving, there is still a large amount of development needed in agricultural applications.
North America Agricultural Robots Industry Segmentation
The market is segmented into autonomous tractors, UAVs, robotic milking devices, and others depending on the type of usage. Usage area segmentation is done by animal farming, crop production, and forest control. Market studies show that crop production is the largest segment in terms of revenue. It is also growing at a faster rate in comparison to others. Geographically, the market is segmented into the United States, Canada, Mexico, and the rest of North America.
| By Type | |
| Autonomous Tractors | |
| Unmanned Aerial Vehicles (UAVs) | |
| Milking Robots | |
| Other Types |
| By Application | |
| Crop Production | |
| Animal Husbandry | |
| Forest Control | |
| Other Applications |
| North America | |
| United States | |
| Canada | |
| Mexico | |
| Rest Of North America |
North America Agricultural Robots and Mechatronics Market Size Summary
The North American agricultural robots and mechatronics market is experiencing significant growth, driven by the need to enhance crop yields and reduce operational costs. The adoption of mechatronic robots is increasing due to their efficiency in minimizing human intervention and their ability to operate in various weather conditions, which is particularly beneficial for indoor farming. The United States leads the market, supported by a robust technological infrastructure and high-income levels that facilitate rapid technology adoption. Canada also plays a significant role in the market landscape. Despite the advancements, there remains a substantial opportunity for further development in agricultural applications, particularly in precision agriculture, which integrates technology to optimize crop and soil conditions.
The market is further propelled by the growing demand for precision agriculture, which enhances farming efficiency and crop production. Agricultural robots are employed in diverse applications such as seeding, weed control, harvesting, and soil analysis. Drones, or unmanned aerial vehicles, are becoming increasingly popular due to their cost-effectiveness and ease of use, offering advanced capabilities for pest control, soil and crop monitoring, and acreage mapping. These technologies are expected to improve farm assessments and reduce monitoring costs, thereby increasing farmers' profitability. The market is moderately fragmented, with key players like AG Leader Technology, Agribotix LLC, Harvest Automation, Blue River Technology, and DroneDeploy contributing to the competitive landscape.
North America Agricultural Robots and Mechatronics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Autonomous Tractors
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2.1.2 Unmanned Aerial Vehicles (UAVs)
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2.1.3 Milking Robots
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2.1.4 Other Types
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2.2 By Application
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2.2.1 Crop Production
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2.2.2 Animal Husbandry
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2.2.3 Forest Control
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2.2.4 Other Applications
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2.3 North America
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest Of North America
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North America Agricultural Robots and Mechatronics Market Size FAQs
What is the current North America Agricultural Robots and Mechatronics Market size?
The North America Agricultural Robots and Mechatronics Market is projected to register a CAGR of 17.20% during the forecast period (2024-2029)
Who are the key players in North America Agricultural Robots and Mechatronics Market?
AG Leader Technology., Agribotix LLC., Harvest Automation, DroneDeploy and Blue River Technology are the major companies operating in the North America Agricultural Robots and Mechatronics Market.
