South Korea Agriculture Robots Market by Type (Driverless Tractors, Unmanned Aerial Vehicles (UAVs), Milking Robots, Automated Harvest Robots, and Others), Offering (Hardware, Software, and Services), Farming Type (Indoor Farming and Outdoor Farming), Application (Dairy Management, Irrigation Management, Harvest Management, Soil Management, Inventory Management, and Others), and End User (Field Crops, Fruits & Vegetables, Livestock, and Others) – Opportunity Analysis and Industry Forecast 2023–2030
South Korea Agriculture Robots Market was valued at USD 70.31 million in 2022, and is predicted to reach USD 290.32 million by 2030, with a CAGR of 18.2% from 2023 to 2030.
South Korea's agricultural sector has witnessed significant transformation from conventional farming to smart agriculture. The contribution of agriculture, forestry, and fishery to the country's gross domestic product (GDP) has consistently maintained a steady level, accounting for approximately 1.75% of the total GDP. The rise of automation technology in agriculture is primarily propelled by the rising demand for food, driven by population growth and evolving consumer preferences. This has created a pressing need for the agriculture industry to enhance productivity and efficiency, thereby increasing its competitiveness in meeting the growing food requirements. For example, in August 2021, South Korea has localized a milking machine that uses a robot arm to autonomously extract milk, thus reducing burden off old dairy farmers . Thus, it is expected to create significant growth of the agriculture robots market within the country.
However, lack of technical expertise and high initial costs is expected to restrain the growth of the agriculture robots market. As, farmers may encounter challenges in acquiring and maintaining the necessary knowledge and skills to operate and troubleshoot these advanced robotic systems.
On the contrary, South Korea's commitment to sustainability is in harmony with the potential of agricultural robots to promote eco-friendly farming practices. These robots play a crucial role in reducing the reliance on agrochemicals, optimizing resource utilization, and implementing precision agriculture techniques, all of which contribute to the establishment of sustainable farming systems. By adopting agricultural robots, South Korean farmers can effectively address the growing demand for agricultural products that are both environmentally friendly and ethically produced, meeting the evolving preferences of consumers. Thus, it is expected to create significant opportunities for the adoption of agriculture robots within the country.
Segment OverviewThe global agriculture robots industry is segmented on the basis of type, offering, farming type, application, and end-user.
By type, the market is classified into driverless tractors, unmanned aerial vehicles (UAVs), milking robots, automated harvest robots, and others.
By offering, the market is categorized into hardware, software, and services.
By Farming Type, indoor farming and outdoor farming.
By Application, the market is segmented into dairy management, irrigation management, harvest management, soil management, inventory management, and others.
By End User, the market is segmented into field crops, fruits & vegetables, livestock, and others.
Key Market PlayersThe key players in the global agriculture robots market research include companies such as:
• Doosan Robotics
• LG CNS
• Samsung Techwin
• Shinhan Robot
• Woojin Robot
• Yokogawa Electric
• ZMP
• Aerofarms
• Kigo
• FarmWise
Key Benefits• The agriculture robots market report provides a quantitative analysis of the current market and estimations from 2023 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the market trends, including current and future trends for depicting prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in the agriculture robots market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.
Companies MentionedKEY PLAYERS
• GEA GROUP
• CNH INDUSTRIAL
• DELAVAL
• DEERE & COMPANY
• AGCO CORPORATION
• TRIMBLE INC.
• NAIO TECHNOLOGIES
• YANMAR HOLDINGS CO. LTD.
• SZ DJI TECHNOLOGY CO. LTD.
• BOUMATIC
• HARVEST AUTOMATION INC
• AUTONOMOUS SOLUTION INC
• CLEARPATH ROBOTICS
• AGEAGLE AERIAL SYSTEM
• KUBOTA CORPORATION