We all know that technology advancements continue to propel the ag industry ever further toward safer products and more efficiency. According to data released by the Indiana Farm Bureau, there’s no reason to expect that to slow down.
The market for agricultural robots is developing at a rapid pace, with a large number of established and startup agricultural technology companies developing, piloting, and launching an innovative range of robotic systems to tackle a wide variety of tasks.
How big exactly? Well, one estimate from Research and Markets shows that by 2024, the market is expected to reach $74.1 billion in annual revenue. That’s because shipments of agricultural robots will rise to 594,00, up from 32,000 last year.
Research and Markets has even announced the addition of the “Agricultural Robots: Driverless Tractors, Unmanned Aerial Vehicles, Material Management, Field Crops and Forest Management, Soil Management, Dairy Management, and Animal Management for Precision Agriculture” report to their offering.
The rising demand for agricultural robots is being driven by a number of factors, including global population growth, increasing strain on the food supply, declining availability of farm workers, the challenges, costs, and complexities of farm labor, changing farmlands, climate change, the growth of indoor farming, and the broader automation of the agriculture industry, research analyst Manoj Sahi said in the Indiana Farm Bureau new release.
That’s a future we should be looking forward to seeing.