Agricultural Robots are a system that consists of an end effector, manipulator, and gripper designed to replace human labor. The market is majorly driven by increased global food demand and rising government initiatives with automation. However, the high capital investments may restrain the growth of the market.
Global Agricultural Robots Market accounted for USD 3.5 billion in 2016 growing at a CAGR of 21.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Agricultural Robots Market By Geography, Offering (Hardware, Software, Services), Type (UAV/Drones, Milking Robot, Driverless Tractors, Automated Harvesting Systems), Application (Harvest Management, Field Farming, Dairy Farm Management, Soil Management, Irrigation Management, Pruning, Weather Tracking & Monitoring, Inventory Management) – Industry Trends and Forecast to 2024
The report for Global Agricultural Robots Market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
The report also measures technology life line curve and market time line to analyze and do more affective investments.
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Top Competitors Of Market:
- Deere & Company,
- Trimble Inc.,
- AGCO Corporation,
- Agjunction, Inc.,
- BouMatic Robotics, B.V.,
- Lely Holding S.À.R.L,
- AG Leader Technology,
- Topcon Positioning Systems, Inc.,
- AG Eagle LLC,
- Agribotix LLC,
- Autocopter Corp,
- Blue River Technology,
- Auroras S.R.L.,
- Grownetics Inc.,
- among others.
On the basis of offering:- Hardware, software, and services.
On the basis of type:- Unmanned aerial vehicles (UAV)/drones, milking robot, driverless tractors, automated harvesting systems, and others.
On the basis of application:- Harvest management, field farming, dairy farm management, soil management, irrigation management, pruning, weather tracking & monitoring, inventory management, and others.
On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa. U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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Market Drivers And Restraints:
- Increased global food demand
- Rising government initiatives with automation
- Increasing adoption of new technologies in farming
- High capital investments
- Lack of awareness and technical knowledge
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