Industry: Agriculture | Publish Date: 21-Jul-2023 | No of Pages: 89 | No. of Tables: 73 | No. of Figures: 31 | Format: PDF | Report Code : N/A
China Agriculture Robots Market was valued at USD 0.75 billion in 2022, and is predicted to reach USD 2.93 billion by 2030, with a CAGR of 17.5% from 2023 to 2030. Agricultural robots are machines that use advanced technology to perform tasks in farming, such as planting, harvesting, monitoring, and spraying crops. They are designed to improve efficiency, production, and precision in agriculture, while reducing the need for manual labor and improving the working conditions of farmers.
Agribots are sophisticated robots that use sensors, actuators, and algorithms to sense their surroundings, make decisions, and perform tasks. They use GPS or mapping technology to navigate through fields and perform a variety of agricultural activities, such as planting seeds, harvesting crops, applying pesticides or fertilizers, and monitoring crop health. They use computer vision technology to identify crops and weeds, detect pests and diseases, and take precise actions based on the information they gather
The Chinese government has recognized the potential of agricultural technology, including robotics, to transform and modernize the country's agriculture sector. In line with this recognition, the government has implemented various initiatives, subsidies, and funding support to encourage farmers and agribusinesses to invest in agriculture robots. For instance, in January 2023, China has published a new action plan laying out ten industries to increase the adoption of robots, while the country rushes to automate sectors from manufacturing to agriculture. The policy makers, through this plan aims to achieve more than 100 innovative robotics application and over 200 model use cases.
The agriculture sector in China has seen an increase in the use of technology, including robotics, artificial intelligence, and the Internet of Things, to automate manual tasks and improve the efficiency of the sector. For instance, in September 2022, China's first artificial intelligence agricultural robot has officially started round-the-clock inspections in the smart vegetable and fruit greenhouse of the China-Israel Demonstration Farm in the Haixia Modern Agriculture Demonstration Park. Moreover, precision agriculture techniques, such as the use of unmanned aerial vehicles (UAVs) and precision planting machines, have been introduced to increase efficiency and productivity in the agriculture sector.
Despite the potential benefits of agricultural robots, the high initial cost of acquiring and integrating these systems poses a significant challenge for farmers in China, particularly those operating on a small scale. The expenses associated with purchasing, maintaining, and integrating robotics technology and equipment can be prohibitive, restricting the widespread adoption of agricultural robots among farmers who may lack the necessary financial resources. Thus, it is expected to restrain the growth of the market in the country.
The introduction of swarm robotics provides an extraordinary level of detail for China's farms of the future, spraying individual plants and analyzing every tiny detail of the expansive farming landscape. Furthermore, Chinese farmers are increasingly depending on drones for agricultural monitoring, spraying, and risk prevention. These improvements have aided the expansion and modernization of China's agriculture sector, resulting in higher productivity, efficiency, and competitiveness. Thus, creating ample opportunities for agriculture robots in China.
The Agriculture Robots industry includes several market players such as Yitu Tech, XAG, FJ Dynamics, Blue River Technology, Yitu Tech, Beijing Jingneng Technology, Guangzhou Lingyun Technology, Shanghai Smarter Vision, Wuhan PKU Pioneer Technology, and Nanjing Wolong Technology. These market players are adopting various strategies such as product launches to maintain their dominance in the global market.
For instance, in February 2022, the Chinese company Yitu Tech launched the world's first AI-powered fruit picking robot. This robot can identify and pick fruits with 99% accuracy, which can help farmers reduce food waste.
Key Benefits
The China agriculture robots market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the 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 China agriculture robots market.
The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
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