Robotics industry to hit US$218bn in 2030

Leading data and analytics company, GlobalData forecasted a 17% compound annual growth rate (CAGR) by the robotics industry, which is expected to grow from US$63bn in 2022 to to US$218bn in 2030

As climate change and labour shortages continue to impact the global agriculture sector, the robotics industry is lending ahend to help agriculture companies tackle these challenges by automating machines and supporting vertical farming. GlobalData's latest Thematic Intelligence report, 'Robotics in Agriculture,' reveals how robotics is helping to achieve precision agriculture and support workers in a new agricultural revolution.

Robots are seen as the future of agriculture, possessing the ability to learn the growing patterns of specific produce. Upon integration of artificial intelligence (AI), the data obtained by agricultural robots can be efficiently used to improve farm management strategies. A plethora of traditional agricultural companies have also began hiring and innovating in robotics, while also entering into partnerships with startups to support labour and boost agricultural productivity.

“Robots can carry out the strenuous and monotonous tasks that lead to injuries and fatigue," said associate Thematic Intelligence Analyst at GlobalData, Holly Anness-Bradshaw. The agriculture industry is investing and innovating in many parts of the robotics industry, including drones, field robots, and robotics intelligence. Robots can be found on vineyards, with Burro’s robots helping workers carry up to 500 pounds of crops around fields and back to sorting houses.”