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Latest research delivers insight into the agricultural robots market

IT Market Research

Some of the major areas that agricultural robots cover are soil monitoring, proper irrigation, precise weeding and design of cultivated field etc. with the perfect blend of technologies and advance navigation, sensor, mobility etc.

Global agricultural robots market Make an Inquiry about this news is expected to account USD 17 Billion by the end of 2024 with a CAGR of 22% over the forecast period. Based on technology, hardware segment tends to dominate the market due to extensive use of advanced components such as sensors and monitoring device GPS in field farming.

Key Companies mentioned in this research: Agrobot, Energid, Clearpath Robotics, Autonomous Solution, Wageningen UR, Agritronics, Kinze Manufacturing, Harvest Automation, ISO Group, Helper Robotech, Blue River Technologies and Vision Robotics

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Robots market is segmented:

  • On the basis of products: Driverless Tractors, Milking Robots, Potato Sorting System, Unmanned Aerial Vehicles & Others
  • On the basis of technology: Hardware, Software, Services
  • On the basis of application: Field Farming, Soil Management, Crop Management, Grafting, Nursery Operations, Weather Tracking and Forecasting, Pruning, Thinning, Weeding

Key Trends and Growth Drivers:

  • Increasing demand for food, grain, crops and other agricultural products are increasing pressure on the agriculture sector to increase the supply of quality crops.
  • Agricultural robots help in reducing human errors and offers precise farming.
  • Restraints
  • Lack of skilled expertise is a major challenge for the agricultural robots market.
  • High cost of agricultural robots poses a major challenge for the market players

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North America dominates the global agricultural robots market because of rising adoption of advanced robots in agriculture sector.

North America agricultural robots market generated a revenue share of more than 50% in overall agricultural robot market owing to rising investment in agriculture sector.

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