Agricultural Robots Market Size, Technology Insights, Growth, Top Leaders & Forecast Report From 2020 To 2027
Global Agricultural Robots Market was valued at USD 6.8 billion in 2018, which is expected to reach USD 21.6 billion at a CAGR 22.5%.
Agricultural robots are also referred as Agbots, which consists manipulator, end effectors, and griper. Basically agricultural robots or Agbots are designed to replace human labor. Increase in government initiatives with automation as well as rise in food demands will drive the agricultural robots industry over the forecast period.
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For a better understanding of the Agricultural Robots market, a better grip over the macroeconomic and microeconomic factors is needed as they are impacting the market towards progress. Those factors can ensure a swift helming of the market by rough patches of economic crisis and help in averting plummeting results. With real-time data, the report captures the essence of the market and provides a close reading of demographic changes. Report would assist key players in assessing growth opportunities and optimally use resources provided by growth pockets.
Market Drivers
Rise in usage of precision farming/ agriculture, among farmers for processing and collecting data helps in better decision making on fertilizing, planting, as well as harvesting crops is expected to boost the global agricultural robots market growth. Furthermore, increase in technological advancements to enhance crop yields and profits and to resolve the water and food crisis will have the positive impact on global agriculture robots market growth during this forecast period. Moreover, rise in government initiatives for the adoption of modern agricultural techniques are expected to propel the agricultural robots industry, over the forecast period.
Market Restraints
However, high cost of automation and maintenance cost for small enterprises are the major challenging factors for market which are expected to hinder the global agricultural robots market growth. Also, technological barriers pertaining to fully autonomous robots will affect the global agricultural robots market growth. Further, lack of skilled labors as well as irregular mobile and internet connectivity is expected to hinder the global agricultural robots market growth.
Market Key Players
Various key players are discussed in this report such as Ageagle Aerial Systems,Topcon Positioning System, Agjunction, Lely, Boumatic Robotics, DJI, Delaval, Agco Corporation, Trimble, and Deere & Company.
Market Taxonomy
By Type
- Milking Robots
- Unnamed Aerial Vehicles (UAVs)
- Driverless Tractors
- Automated Harvest Robots
- Material Management
- Others
By Application
- Dairy Management
- Irrigation Management
- Harvest Management
- Soil Management
- Inventory Management
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middles East & Africa
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