Ag Robots to Become A $74 Billion Dollar Business In 2024

There’s a market for robots developing in agriculture. To take advantage of that, many startup companies and established ventures are developing a wide range of robotic systems to help farmers perform a variety of tasks. A Tractica (Track-tih-cuh) news release says some of the key applications include driverless tractors, material management, as well as managing field crops, soils, and dairies. A new report this week expects shipments of agricultural robots to rise significantly, jumping from 32,000 units this year to well over half-million by 2024. The market is expected to reach $74.1 billion by 2024.  A Tractica research analyst said the demand for global robotics is driven by factors like population growth, increasing strain on the world food supply, declining numbers of farm workers, the costs of employing farm workers, and many others. The Robot Report publication identified more than 150 companies who are working on developing robotics to launch into a rapidly changing agricultural market.