Industry: Agriculture | Publish Date: 30-Nov-2024 | No of Pages: 88 | No. of Tables: 73 | No. of Figures: 31 | Format: PDF | Report Code : AG636
Thailand Agriculture Robots Market was valued at USD 42.24 million in 2022, and is predicted to reach USD 217.74 million by 2030, with a CAGR of 21.5% 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.
Thailand, like many other countries, is facing a shortage of agricultural labor. Younger generations are migrating to urban areas, leaving a void in the farming workforce. Agriculture robots offer a solution to mitigate the impact of labor shortages by automating labor-intensive tasks, reducing dependency on manual labor, and ensuring uninterrupted farming operations. Thus creating significant growth of the market within the country.
For instance, in November 2022, Yanmar S.P. Company Limited and Yanmar Agribusiness Corporation Limited have joined in a project to adopt high-precision positioning technology for agricultural machinery in Thailand. This pilot project is aimed at boosting productivity and solving labor shortages in the agricultural sector. These developments demonstrate the ongoing growth and advancement of the agriculture robot market in Thailand.
The Thai government has been actively supporting the adoption of agricultural technology, including robotics, to improve the efficiency and sustainability of the agriculture sector. For instance, Delta Electronics (Thailand) PCL. Opened the Delta’s first Smart Farm Solution for community enterprises in Thailand. The Delta Smart Farm is a part of a BOI project called Investment Promotion Measures for Grassroots Economy. The IoT-driven Delta Smart Farm Solution is specifically designed to meet the needs of Thailand’s local farming community enterprises. This government support plays a crucial role in driving the growth of agriculture robots market in Thailand.
The widespread use of agricultural robots in Thailand is hampered by financial challenges, primarily due to the high initial cost of purchasing, integrating, and maintaining advanced robotic systems. This obstacle is particularly significant for small-scale farmers or those with limited financial resources. The significant upfront costs of acquiring the necessary technology and equipment, as well as training personnel to operate and maintain robots, pose a major financial barrier. Thus, it is expected to restrain the growth of the market within the country.
Thailand's agriculture industry is benefiting from significant technological advancements such as artificial intelligence (AI), machine learning, and robots. Agricultural robots in Thailand have become increasingly sophisticated, intelligent, and capable of performing a wide range of tasks such as planting cover crops, managing diverse cropping systems, and providing real-time data on soil health indicators with greater accuracy and efficiency as technology has advanced. These advancements are expected to create ample opportunities for the agricultural robots market in the country.
The Agriculture Robots industry includes several market players such as Amara Raja Technology, Siam Robotics, Nimble Robotics, HAI Robotics, Agrobotix, Blue River Technology, Vision Robotics, CropIn Technologies, FarmBot, and Iron Ox.
The Thailand 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 Thailand 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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