17-Mar-2021 | Market Research Store
Findings from Market Research Store report “Agricultural Robots Market – By Offering (Software, Hardware, Services), By Type(Milking Robots, Unmanned Aerial Vehicles, Automated Harvesting Systems, Driverless Tractors, Other Robots), By Farming Environment(Outdoor Farming, and Indoor Farming), By Farm Produce (Field Crops, Fruits and Vegetables, Livestock, and Others), By Application (Harvest Management, Inventory Management, Field Farming, Weather Tracking & Monitoring, Irrigation Management, Dairy & Livestock Management, Pruning Management, Soil Management, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global demand for agricultural robots market in 2019 was approximately USD 3.5 Billion. The market is expected to grow at a CAGR of 30% and is anticipated to reach around USD 22.00 Billion by 2026.
Agriculture robots prominently focus on automating the dull and slow task of farming and task those requires additional human resource. Agriculture robots are prominently used for weed control, harvesting, seed plantation, and environmental monitoring. The use of agriculture robot reduces the time, increase efficiency and lower the labor cost. The lowering of labor cost help expanding the profit margin of a farmer, and reduction in time required for operation ensure on-time delivery of harvest.
Due to rapid urbanization farmers are facing a reduction in the labor force, which is estimated to surge the demand for agriculture robots in rural areas. As per the data published by UN (United Nations), the urban population across the world increased to 55.7%, it is estimated that by 2050 around 68% population is expected to live in urban areas. In addition to this, the integration of IoT devices is supporting farmers in terms of precise analysis. For instance, CropX delivers soil sensors for farmers when soil conditions are not suitable for the particular crop. However, numerous agriculture robots are not completely ready for commercial implementation. For example, except milking and surveillance robots, many weeding, as well as harvesting robots, are in the development stage. In addition to this, the strawberry cultivation robot by Harvest CROO is yet to commercialize its robotic products. Moreover, real-time multimodal robot systems are estimated to have a lucrative opportunity in the forthcoming years.
Offering based on service is the most preferred category by the end-user industry. However, ROI (return on investment) is an important factor that is considered by farmers before leasing any agriculture robot equipment. Sustainable greenhouse farming is fetching a significant demand for indoor farming agriculture robots. In addition to this corn and sugarcane farmers are predominantly using drone robots for surveillance.
Browse the full “Agricultural Robots Market Offering (Software, Hardware, and Services), Type (Driverless Tractors, Milking Robots, Automated Harvesting Systems, Unmanned Aerial Vehicles, Other Robots), Farming Environment (Outdoor Farming and Indoor Farming), Farm Produce (Field Crops, Fruits and Vegetables, Livestock, and Others), Application (Weather Tracking & Monitoring, Harvest Management, Irrigation Management, Inventory Management, Dairy & Livestock Management, Field Farming, Soil Management, Pruning Management, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.marketresearchstore.com/market-insights/agricultural-robots-market-828553
North America Market is estimated to hold a major share in the forthcoming years due to the adoption of automated farming in the region. Also, large farm size along with the higher buying power of farmers within a region is making North America a favorable investment pocket for agriculture robots. In addition to this shortage of laborers is also of the prominent factors surging a market growth.
Some of the prominent players in the agricultural robots market are Deere & Company, Ag Leader Technology, Trimble, CLAAS KGaA mbH, AGCO Corporation, Iron Ox, AgJunction, Clearpath Robotics, DJI, Abundant Robotics, Boumatic, Autonomous Tractor Corporation, Lely, HARVEST CROO, DeLaval, KUBOTA Corporation, Topon, CNH INDUSTRIAL N.V., AgEagle Aerial Systems, ROBOTICS PLUS, YANMAR CO., Naïo Technologies, Deepfield Robotics, Harvest Automation, and ecoRoborix among others. Leading market players are actively focusing on new product launches, partnerships, mergers, and acquisition strategies. In June 2019, AGCO Corporation launched AGCO Connect within the North America region to deliver its dealers and customers access to diagnostics, and machine location data. In April 2019, Trimble declared the launch of Farmer Core software that eases farming activities through machine-generated data. In May 2019, AgJunction declared a partnership along with Swift Navigation to create economical price ranged tractors to deliver a reasonable solution for farmers.
This report segments the agricultural robots market as follows:
Global Agricultural Robots Market: By Offering Segmentation Analysis
Global Agricultural Robots Market: By Type Segmentation Analysis
Global Agricultural Robots Market: By Farming Environment Segmentation Analysis
Global Agricultural Robots Market: By Application Segmentation Analysis
Global Agricultural Robots Market: Regional Segmentation Analysis
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