The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Guangzhou Xaircraft Technology Co., Ltd. 廣州極飛科技股份有限公司 (A joint stock company incorporated in the People's Republic ...

Market Overview - The global Agriculture Robots Market was valued at USD 12.55 billion in 2024 and is projected to reach USD 52.89 billion by 2032, with a CAGR of 19.6% from 2025 to 2032 [1][14]. - The market is driven by the need to enhance food security, improve operational efficiency, and address labor shortages in agriculture [5][6]. Technological Advancements - AI is transforming the agriculture robots market by enhancing autonomy, precision, and decision-making capabilities, allowing robots to process data from various sources for optimized farming practices [2][4]. - The integration of advanced technologies such as machine learning, computer vision, and IoT is enabling robots to perform complex tasks with greater accuracy [6][21]. Key Trends - The agriculture robots market is experiencing a shift towards precision agriculture, which allows for targeted interventions and improved environmental stewardship [8][10]. - There is a growing demand for robotic harvesting systems to address labor shortages and improve yield [10][24]. Growth Drivers - Increasing global population and the corresponding demand for higher food production are significant factors driving the adoption of agricultural robots [12][18]. - The focus on environmental sustainability and government initiatives supporting agricultural technology are also contributing to market growth [13][18]. Future Outlook - The agriculture robots market is expected to see sustained rapid growth and widespread adoption from 2025 to 2032, with a focus on more complex and versatile robotic solutions [14][15]. - Smaller, specialized robots are anticipated to proliferate alongside larger autonomous machinery, catering to diverse farming needs [15][19]. Regional Insights - North America is a leading market for agriculture robots, particularly in the USA and Canada, with a projected CAGR of 20.1% [30]. - Europe, especially Germany, France, and the Netherlands, is also at the forefront of adoption, expected to grow at a CAGR of 19.8% [30]. - The Asia Pacific region, including China, India, and Japan, is emerging as a high-growth area with an anticipated CAGR of 21.0% [30]. Key Players - Major companies in the agriculture robots market include Deere & Company, AGCO Corporation, Agribotix LLC, and Blue River Technology, among others [9].

Core Insights - Hesai Technology is supplying its advanced JT series lidar sensors to Agtonomy and Alpha Werke for next-generation autonomous farming robots, aiming to enhance efficiency and sustainability in agriculture [1][11] - The agricultural sector is facing challenges such as labor shortages, rising operational costs, and climate unpredictability, necessitating the adoption of autonomous farming solutions [2][11] - Lidar technology is crucial for providing spatial awareness to autonomous farming robots, enabling them to perform various tasks safely and accurately [3][4] Company Overview - Hesai Technology is a global leader in lidar solutions, having delivered over 100,000 JT lidar units as of June 2025, indicating strong market demand [11] - Agtonomy specializes in autonomous farming solutions and integrates Hesai's lidar with its software to enhance precision automation in agriculture [5][6] - Alpha Werke focuses on agricultural robotics, utilizing Hesai's lidar to enable autonomy in challenging off-road environments [7][8] Product Features - The JT series lidar sensors offer an ultra-wide field of view, capturing rich 3D data in real time, which aids AI systems in analyzing crop loads and terrain [10] - The compact design of the JT series makes it 70% smaller than similar products, allowing for versatile installation on various autonomous farming robots [10] - JT series sensors are highly reliable, unaffected by ambient lighting, and have passed rigorous reliability tests, making them suitable for harsh farming environments [10]