Agricultural Robots Market Growth Rate, Demands, Status and Application Forecast to 2026
Posted: Oct 29, 2018
According to the new market research "Agricultural Robots Market, [By Component (Hardware, Software, Services); By Type (Milking Robots, Harvesting Robots, Drones, Driverless Tractors, Others); By Application (Crop Management, Irrigation Management, Inventory Management, Soil Management, Dairy Management, and Others); By Region]: Market Size & Forecast, 2018 – 2026", The Agricultural Robots market is expected to reach USD 19,378.5 million by 2026 from USD 2,882 million in 2017, at a CAGR of 23.8%.
The North America Agricultural Robots Market generated the highest revenue in 2017 owing to increasing population, and growing demand for high quality crops. The key factor driving the North America agricultural robots market is the growing need for automation and rapidly increasing industrialization. Availability of affordable, high-quality, and safer robots in the market allows small farmers to explore and implement robotics solutions for farm activities. In addition, the rising cost of skilled labor pushes farmers towards the use of robotics.
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Top Key Player:-
Deere & Company (U.S.),
Trimble, Inc. (U.S.), and
Leica Geosystems (Switzerland)
AJ Junction, Inc. (U.S.)
AG Leader Technology
Harvest Automation, Inc.
Deere & Company
Topcon Positioning Systems, Inc.
Autonomous Solutions, Inc.
CLAAS KGaA mbH
Agricultural robots are used for automation of farming procedures to improve profits and reduce overhead costs. These robots are designed to perform repetitive tasks on farms to deliver enhanced outputs as compared to manual operations. Drones, ground-based sensors, automatic milking systems (AMS), air & soil sensors, livestock biometrics, and smartphone-enabled automated systems are used to increase production capabilities in the agriculture sector. Automated tractors and sprayers are used for various other agricultural purposes such as watering, seed plantation, and pesticides spraying. Some of the products offered by various companies in this segment are Agrobot SW6010, The CROPS solution, Hortibot, and BoniRob.
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The demand for agricultural robots market has increased over the years owing to growing need for high quality crops, improved yields, and enhanced efficiency. The increasing global population and rising demand for food crops have resulted in increased adoption of agricultural robots. Farmers are integrating automated robotic systems in their farms owing to growth in the global agricultural industry, reducing availability of labors, and increasing labor costs. Government initiatives and subsidies further support the growth of the Agricultural Robots market.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Agricultural Robots Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
The global agricultural robots market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
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Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.