Singapore 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
Industry: Agriculture | Publish Date: 25-Oct-2024 | No of Pages: 88 | No. of Tables: 73 | No. of Figures: 31 | Format: PDF | Report Code : AG639
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Market Definition
Singapore Agriculture Robots Market was valued at USD 12.77 million in 2022, and is predicted to reach USD 72.58 million by 2030, with a CAGR of 22.9% from 2023 to 2030. Agricultural robots are automated machines that use sensors, software, and actuators to perform tasks in farming. They can plant, harvest, monitor, and spray crops with precision and efficiency, reducing the need for manual labor and improving the working conditions of farmers.
Agribots are advanced robots equipped with sensors, actuators, and algorithms that enable them to perceive their environment, make intelligent decisions, and execute tasks. These robots utilize GPS or mapping technology to navigate fields and carry out a range of agricultural activities, including seed planting, crop harvesting, pesticide or fertilizer application, and crop health monitoring. Leveraging computer vision technology, agribots can identify crops and weeds, detect pests and diseases, and take precise actions based on the data they collect.
Overcoming Limited Land Availability through Agriculture Robots in Singapore
Singapore's limited land availability poses challenges to traditional agriculture practices. Agriculture robots provide a solution by enabling vertical farming and precision agriculture techniques. These robots can efficiently utilize vertical space, optimize resource usage, and maximize crop production in limited land areas. Thus, creating significant growth of the agriculture robots market in the country.
Labor Shortages Driving Adoption of Agriculture Robots in Singapore
In Singapore, labour shortages in the agriculture industry have become a major problem. This is due to a decrease in the supply of experienced labourers, which presents issues for farmers who rely on physical labour to conduct critical farm operations. In response to this issue, farm robots are emerging as a feasible option, which is predicted to promote the growth of the country's agriculture robotics market.
Financial Barriers to Widespread Adoption of Agricultural Robots in Singapore
The high cost of procuring, integrating, and maintaining these advanced agricultural robotic systems is a major hurdle, especially for small-scale farmers and those with limited financial resources. The initial costs of acquiring the necessary technology and equipment, as well as training people to operate and maintain robots, are too expensive for many farmers. As a result, market growth in the country is likely to restrain.
Technological Advancements in Agricultural Sector
The integration of artificial intelligence (AI), machine learning, and robotics has revolutionized Singapore's agriculture sector. These technological advancements have empowered agricultural robots to become increasingly sophisticated, intelligent, and versatile in their capabilities. From planting cover crops to maintaining diverse cropping systems and providing real-time data on soil health indicators, these advancements offer numerous opportunities for the Singaporean agricultural robotics industry. Thus, it is expected to create ample opportunities for the market in the coming years.
Competitive Landscape
The Agriculture Robots industry includes several market players such as Nimble Robotics, GreenRobotics, Agrobotix, Yara, DroneDeploy, Aerobotics, Blue River Technology, Vision Robotics, XAG, and FarmB.
KEY BENEFITS
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The Singapore 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.
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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.
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The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
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The competitive analysis of the market players along with their market share in the Singapore agriculture robots market.
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The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
SINGAPORE AGRICULTURE ROBOTS MARKET KEY SEGMENTS
By Component
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Driverless Tractors
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Unmanned Aerial Vehicles (UAVs)
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Milking Robots
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Automated Harvest Robots
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Others
By Offering
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Hardware
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Software
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Services
By Farming Type
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Indoor Farming
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Outdoor Farming
By Application
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Dairy Management
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Irrigation Management
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Harvest Management
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Soil Management
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Inventory Management
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Others
By End User
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Field Crops
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Fruits & Vegetables
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Livestock
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Others
KEY PLAYERS
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GEA Group
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CNH Industrial
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Delaval
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Deere & Company
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AGCO Corporation
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Trimble Inc.
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Naio Technologies
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Yanmar Holdings Co. Ltd.
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SZ DJI Technology Co. Ltd.
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Boumatic
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Harvest Automation Inc
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Autonomous Solution Inc
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Clearpath Robotics
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Ageagle Aerial System
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Kubota Corporation
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