Agriculture Service Robotics - Eastern Asia

Revenue in the Agriculture Service Robotics market is projected to reach US$245.40m in 2024.
[revenue_currentlayer_yeartoday_maxsegmentname] dominates the market with a projected market volume of [revenue_currentlayer_yeartoday_maxsegmentvalue] in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.06%, resulting in a market volume of US$494.90m by 2029.
In global comparison, most revenue will be generated Germany (US$257.90m in 2024).

Definition:

The Agriculture Service Robotics market covers the use of robots in agriculture to assist and automate various tasks related to farming and crop management.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Additional information:

The market comprises revenues, volume, and the average price per new installed robot. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Software revenues are included as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Agrobot, Harvest Automation, and Blue River Technology.

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Agriculture Service Robotics

Medical Service Robotics
Logistic Services Robotics
Other Service Robotics

The Agriculture Service Robotics Market in the Commercial service robotics Market of Eastern Asia is experiencing remarkable growth due to increasing adoption of service robotics, growing awareness of precision farming, and the convenience of automated farming services. This outstanding growth rate is driven by the growing demand for efficient and sustainable farming solutions in the region.

Customer preferences: As the demand for sustainable and efficient farming practices grows in Eastern Asia, the Agriculture Service Robotics Market in the Commercial service robotics Market of the Service robotics Market within the Robotics Market is witnessing a rise in the adoption of robotic solutions. This trend is driven by the increasing emphasis on precision agriculture and the need for labor-saving technologies. Additionally, the aging population and shortage of skilled labor in the agriculture sector are also contributing to the growth of the market as farmers turn to automation for increased productivity and cost-efficiency.

Trends in the market: In Eastern Asia, the Agriculture Service Robotics Market is experiencing a surge in demand due to the increasing adoption of precision agriculture techniques. This trend is driven by the need for efficient and sustainable farming practices to meet the growing demand for food. In the Commercial Service Robotics Market, there is a shift towards autonomous and smart robots that can perform a variety of tasks, such as harvesting, seeding, and monitoring crops. This trend is expected to continue in the future, with the incorporation of advanced technologies like AI and IoT in agriculture robotics. These developments have significant implications for industry stakeholders, as they can improve productivity, reduce labor costs, and minimize environmental impact.

Local special circumstances: In Eastern Asia, the Agriculture Service Robotics Market in the Commercial service robotics Market of the Service robotics Market within the Robotics Market is heavily influenced by the region's high demand for precision agriculture and advanced farming techniques. Countries like Japan and South Korea have a strong focus on technology and innovation, leading to the development of advanced robotic solutions for agriculture. Furthermore, the strict regulations and labor shortages in countries like China and Japan have also driven the adoption of service robotics in agriculture. These factors contribute to the unique market dynamics in Eastern Asia for the Agriculture Service Robotics Market.

Underlying macroeconomic factors: The Agriculture Service Robotics Market in the Commercial service robotics Market of the Service robotics Market within the Robotics Market is also impacted by macroeconomic factors in Eastern Asia. Economic growth, government policies, and investments in agriculture infrastructure are some of the key drivers of the market in this region. Countries with strong economic growth and favorable regulatory environments are experiencing faster market growth compared to regions with economic challenges and limited investments in agriculture. Furthermore, the increasing demand for precision farming and the need to improve efficiency in agriculture production are fueling the adoption of service robotics in Eastern Asia.

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.