India Agriculture Robots Market is expected to reach USD 544.35 million by 2030
The adoption of agricultural robots in India driven by increasing drone usage in precision farming is driving up demand for the agriculture robots market during the forecast period.
India Agriculture Robots Market is valued at USD 91.36 million in 2022 and is expected to reach USD 544.35 million by 2030, with a CAGR of 23.6% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The adoption of agricultural robots in India is predicted to experience a consistent growth, largely due to the rising utilization of drones by Indian farmers across various agricultural activities such as crop monitoring, irrigation management, pesticide and fertilizer application, and land surveying. Drones have emerged as a popular tool in the Indian agriculture sector, specifically for precision farming purposes. They are effectively employed in crop monitoring, gathering data on crop health, growth, and yield using cameras and sensors. Additionally, drones equipped with infrared cameras play a crucial role in managing irrigation by mapping water stress in crops. Thus, expected to create significant growth of the market.
However, the substantial upfront expenses related to acquiring and adopting agriculture robots can present a notable obstacle. The initial investment needed to procure robotic equipment, incorporate it into existing farming practices, and train personnel can be financially challenging for numerous farmers, particularly those operating on a smaller scale or with limited resources.
On the contrary, the incorporation of advanced sensor technology and data analytics capabilities in agricultural robots holds immense potential for transforming precision farming in India. These robots have the ability to gather real-time data on soil conditions, crop health, and environmental factors. By harnessing the power of these robots, farmers can make informed decisions based on data, optimize the allocation of resources, and execute precise interventions such as targeted spraying, irrigation, and fertilization by analyzing the collected data. The implementation of precision farming, facilitated by agricultural robots, has the capacity to enhance crop yields, minimize resource wastage, and contribute to overall sustainability in agriculture, which is expected to create ample opportunity of the market in the future.
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According to the report, leading players in the India agriculture robots market include Abundant Robotics, Agrobot, Blue River Technology, CropIn Technologies, eFarmers, Grape Robotics, Krishak Robotics, Naive Robots, Precise Agro Robotics, and Yara India.
Key Insights from the India Agriculture Robots Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the India agriculture robots market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the India agriculture robots market is provided in the report along with their competitive analysis.