Global Agricultural Robots Market Overview 2019, Demand by Regions, Share and Forecast to 2024
According to the latest report by IMARC Group titled, “Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 4.1 Billion 2018. Looking forward, the market is expected to reach a value of US$ 10.1 Billion by 2024, exhibiting a CAGR of around 16% during 2019-2024.
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Agricultural robots are one of the latest innovations in the agriculture industry. Agricultural robotics or agribots refers to the introduction of automation technologies into biosystems such as agriculture, forestry, and fisheries. These robots automate slow, dull and repetitive tasks which enable the farmers to focus more on improving the overall production yields. From robotic arms to drones and autonomous tractors, the technology is being employed in various innovative applications. Some of the robots in the agriculture industry are used for controlling weed, mowing, pruning, seeding, spraying and thinning autonomously, harvesting and picking, phenotyping, and sorting and packing.
According to the UN, the world population will grow from 7.3 billion in 2016 to 9.7 billion in 2050. With this growing population, farmers need to produce more output sustainably with higher quality. This has encouraged the farmers to opt for agricultural robots to perform various agricultural activities with ease and minimal human intervention. Apart from this, many organizations are supporting research in computing and engineering that has enabled to develop agricultural robots. For instance, the US Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA) has introduced the joint National Robotics Initiative to research the development and use of collaborative robots that will help in long-term prosperity of the US agriculture industry. Besides, Europe has funded at least six projects concerning robotic farming.
Global Agricultural Robots Market Segmentation:
Breakup by Product Type:
•Unmanned Aerial Vehicles (UAVs)/Drones
•Milking Robots
•Automated Harvesting Systems
•Driverless Tractors
•Others
Breakup by Application:
•Field Farming
•Dairy Farm Management
•Animal Management
•Soil Management
•Crop Management
•Others
Breakup by Offering:
•Hardware
•Software
•Services
Breakup by Region:
•Asia Pacific
•Europe
•North America
•Middle East and Africa
•Latin America
Competitive Landscape:
The report has also examined the competitive landscape of global agricultural robots market. Some of the major players in the market are Deere & Company, Trimble Inc., Agco Corporation, Lely Holding S.À.R.L, AG Eagle LLC, Agribotix LLC, Agrobot, Harvest Automation, Naio Technologies, Precision Hawk, IBM, Agjunction, Inc., DJI, Boumatic Robotics, B.V., AG Leader Technology, Topcon Positioning Systems, Inc., Autocopter Corp, Auroras S.R.L., Grownetics Inc. and Autonomous Tractor Corporation.
Key highlights of the report:
•Market Performance
•Market Outlook
•Porter’s Five Forces Analysis
•Market Drivers and Success Factors
•SWOT Analysis
•Value Chain
•Competitive Structure
•Profiles of Key Players
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