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Agricultural robots market expected to reach 12.80 billion USD by 2022 examined in new market research report

Agricultural robots market expected to reach 12.80 billion USD by 2022 examined in new market research report

Agricultural Robots Market categorizes global market by Type (UAVs, Milking Robots, Harvesting Systems, Driverless Tractors), Offering (Hardware–Automation & Control System, Sensor & Monitoring Device, Software, Services), Application, and Geography

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The agricultural robots market is expected to grow from USD 2.75 Billion in 2016 to USD 12.80 Billion by 2022, at a CAGR of 20.71% between 2017 and 2022. The increasing focus on farm-efficiency and productivity is expected to propel the growth of the agricultural robots market.

The base year considered for the study is 2016 and the market size forecast is provided for the period between 2017 and 2022.

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Harvesting management is the most widely used application in agricultural robots as it plays a vital role in understanding the field variability and helps farmers in maximizing their yields.

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Increasing labor cost is motivating farm owners to adopt automated harvesting system.

Automated harvesting management held the largest market share among all applications due to the high adoption rate among farmers and growers.

The agricultural robots ecosystem includes augmented or managed service providers such as Deere & Company (U.S.), Trimble, Inc. (U.S.), and Leica Geosystems (Switzerland); component manufacturers such as Deere & Company (U.S.), Trimble, Inc. (U.S.), and AJ Junction, Inc. (U.S.); device vendors; tractor manufacturers; farm management solution and application providers; and end users.

The agricultural robots market for the services segment is expected to grow at the highest rate between 2017 and 2022. The agricultural robots market for services is segmented on the basis of five broad categories system integration and consulting, managed services, assisted professional services, connectivity services, and maintenance and support.

The increasing demand for managed and assisted professional services is the major reason behind its high growth rate.

The agricultural robots market for driverless tractor is expected to grow at the highest rate between 2017 and 2022. The agricultural robots market based on type is divided into unmanned aerial vehicles (UAVs), milking robots, automated harvesting systems, and driverless tractor.

The adoption rate of driverless tractor is expected to increase during the forecast period because this technology helps in applying the right amount of input at the right place on the field, which minimizes the input waste and increases the productivity of the land and crop.

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The Americas held the largest share of the agricultural robots market in 2016. The demand for advanced agricultural solutions is expected to drive the growth of the agricultural robots market in this region.

Farmers or growers in this region are increasingly adopting advanced farming systems and equipment such as steering and guidance systems, sensors, display devices, and farm management software. The agricultural robots market in APAC is expected to grow at the highest rate between 2017 and 2022.

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