Global Agriculture Robots Market to Reach $15 Billion by 2030
The global market for Agriculture Robots estimated at US$3.8 Billion in the year 2023, is expected to reach US$15 Billion by 2030, growing at a CAGR of 21.6% over the analysis period 2023-2030. Agriculture UAVs, one of the segments analyzed in the report, is expected to record a 20.6% CAGR and reach US$2.3 Billion by the end of the analysis period. Growth in the Driverless Tractors segment is estimated at 21.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 20.8% CAGR
The Agriculture Robots market in the U.S. is estimated at US$1.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 20.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.3% and 18.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR.
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