Agriculture Service Robotics - South Korea

Revenue in the Agriculture Service Robotics market is projected to reach US$15.79m 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 -1.27%, resulting in a market volume of US$14.81m 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 the Service Robotics Market in South Korea is experiencing rapid growth, driven by increasing demand for digital solutions, growing awareness of precision farming, and the convenience of online agricultural services. The market's unknown growth rate is influenced by factors such as government initiatives, technological advancements, and the need for efficient and sustainable farming practices.

Customer preferences: As South Korea continues to modernize and urbanize, there has been a significant increase in demand for smart agriculture solutions. This has led to a growing interest in agriculture service robotics, particularly in the commercial service robotics market. With an aging population and a shortage of skilled labor in the agriculture sector, there is a growing need for automated and efficient farming methods. This trend is also influenced by the country's cultural emphasis on technology and efficiency, as well as the increasing adoption of precision agriculture techniques. As a result, we can expect to see a continued growth in the use of service robotics in the agriculture sector in South Korea.

Trends in the market: In South Korea, the Agriculture Service Robotics Market within the Commercial service robotics Market of the Service robotics Market is experiencing an increase in demand for autonomous farming solutions. This trend is driven by the government's push for smart farming technologies to improve efficiency and reduce labor costs. Additionally, there is a growing focus on precision agriculture techniques, such as soil and crop monitoring, using drones and sensors. These advancements are expected to significantly improve crop yields and reduce resource wastage. This trend is expected to continue, with potential implications for industry stakeholders such as increased adoption of robotics and AI technologies in agriculture and a shift towards sustainable farming practices.

Local special circumstances: In South Korea, 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 country's advanced technology infrastructure and strong government support for innovation. Additionally, the country's aging population and shortage of agricultural workers have created a need for automation in the agriculture sector. The cultural emphasis on efficiency and precision also drives the adoption of service robotics in agriculture. Furthermore, South Korea's strict food safety regulations have led to the development of advanced robotics for crop monitoring and quality control.

Underlying macroeconomic factors: In South Korea, the Agriculture Service Robotics Market in the Commercial service robotics Market of the Service robotics Market within the Robotics Market is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in the agriculture sector. The country's strong focus on research and development, coupled with favorable regulations and policies, has led to the rapid adoption of service robotics in the agriculture industry. Moreover, the growing demand for sustainable farming practices and the need for labor-saving solutions due to an aging population are also driving the growth of the market.

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.