Agricultural Robots Market Report by Goldstein Research

New York, USA, 2018-Dec-05 — /EPR Network/ —

Technological advancement has significantly driven the growth of robots, unmanned aerial vehicles and other value added services in the agriculture sector, which is likely to flourish in the coming years.

 

Global Agricultural Robots Market reached USD 3.5 Billion in 2016 and is expected to account USD 17.0 Billion by the end of 2024 with a CAGR of 22.0% over the forecast period.

Market Landscape

Robot technology has been successful in creating its place in the agricultural sector in the past few years and the major activities are done by the support of robotics is at the harvesting stage. Advanced agriculture needs to find new innovative ways to improve efficiency. One methodology is to exploit available information technologies to develop more intelligent machines to moderate and target energy inputs in more efficient ways than in the past. The global is likely to surpass 9.5 billion by the end of 2050 from today’s figure of 7.4 billion which will put the pressure on limited arable land across the globe to meet the increased demand for food. Further, increasing opportunities in other sectors and the continuous migration of the rural population towards urban areas have reduced the availability of labors for agricultural fields. As a matter of fact, in the United States, the average age of a farmer is age 58. This has led to the usage of agricultural robots to gain popularity in developed countries and has started replacing the manpower requirement for agricultural purposes.

Browse Full Report:

https://www.goldsteinresearch.com/report/global-agricultural-robots-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

On the back of rapid advancement in robotics technology there are numerous parts and fully automatic robotic devices for most of the agricultural applications such as grafting to planting, harvesting to sorting and aerial mapping, but as their employment have been too costly and the liability aspects are difficult, they are not widely adopted. These major challenges are being met with a new vendors and startups, lower costs, and new robotic products, often promoted in the format of Robotics-as-a-Service (RaaS).

“Agricultural Robots Industry Report” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes an in-depth analysis of the major players and leaders in agricultural robots industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, Agricultural robots manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall agricultural robots industry.

Get More Information About Agricultural Robots Market

https://www.goldsteinresearch.com/pressrelease/global-agricultural-robots-market-is-likely-to-expand-at-a-cagr-of-22-over-the-forecast-period

Global Agricultural Robots Market Segmentation can be classified on the basis of:-

On the basis of products

• Driverless Tractors
• Milking Robots
• Potato Sorting System
• Unmanned Aerial Vehicles
• Others

On the basis of technology

• Hardware
• Automation and control system
• Sensing and monitoring device
• Software
• Local/Web-based
• Cloud-based
• Services
• Managed services
• Connectivity services
• Maintenance services
• Support services

On the basis of application

• Field Farming
• Soil Management
• Crop Management
• Grafting
• Nursery Operations
• Weather Tracking and Forecasting
• Pruning
• Thinning
• Weeding

By Region

• North America (US, Canada) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
• The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Product Sales (Units)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Product Sales (Units)}

Market Trends, Drivers and Challenges

Manufacturers of agricultural robots are unceasingly spending on development of agricultural robots in order to make them more capable and to reduce their cost of ownership. The trend of continuous improvements in technologies to improve the performance and price competitiveness gap between advanced agricultural robots and conventional agricultural systems will continue over the next five to six years. Moreover, new startups are entering the market with turnkey solutions is likely to further impel the growth of agricultural robots market. Agricultural technology startups have raised over USD 800million in the last 5 years. For instance, Abundant Robotics has significantly raised over USD 10 million from investors such as Yamaha Motor Ventures andGoogle Ventures to develop apple-picking robots.

Download Exclusive Sample Report:

https://www.goldsteinresearch.com/request-sample/global-agricultural-robots-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

“Global Agricultural Robots Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. The global agricultural robots market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

Global Agricultural Robots Market is driving on the basis of advancement in given below industries:

Smart Agriculture Market

Global Agriculture and food industry are one of the largest sectors that will account of worth over USD 6.0 trillion by 2020, which is augmented by the growing global population and expected an upsurge in demand for food crops in coming years. Hence to meet future demand, high crop production is required which is considerably enhancing the adoption of smart agriculture practices around the world. More than 85% of farmers in the United States are using GPS enabled technologies in farm machinery and real-time livestock monitoring. These are some of the key factors which are fueling the Smart Agriculture Market globally.

Agricultural Tractors Market

growing population and consequently rising demand for food will lead the farmers to equip themselves with advanced mechanized farming techniques. On the other hand, compact tractors are gaining traction in agriculture field as well as in urban areas owing to their versatility to perform various tasks such as mowing, tilling gardens and cargo logistic in the manufacturing industry. Global Agricultural Tractors Market accounted for more than USD 60.0 billion in 2016 and the market is expected to reach USD 69.3 billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 1.8% over the forecast period i.e. 2016-2024.

Drone Services Market

Drone Services Market is expected to reach USD 9.4 billion by 2024 from USD 0.850 billion in 2015, growing at a CAGR of 57.8% over the forecast period 2016-2024. Expanding applications of commercial drones in various industries is one of the major factors driving the growth of Drone Services Market. North America dominates the Drone Services Industry with more than 40% share in global market. In U.S more than 325,000 drones were registered in FAA, and it is estimated that more than 6 million drones will be shipped to U.S by 2020.

IOT in agriculture

next several years will witness growing use of internet of things and other smart farming technologies. In fact, IoT device installations in the agriculture sector are anticipated to experience a compound annual growth rate of 20 percent. Livestock monitoring, conservation monitoring and precision farming are some of the major applications that will significantly augment the growth of IoT in Agriculture Market across the globe. Growing demand for advanced agricultural techniques is supporting the adoption of IoT in agriculture. The global IoT in the agriculture market valued USD 4.40 billion in 2015 and is projected to grow at CAGR of 28.30% during the forecast period.

Crop Maintenance Robots Market

advancing technologies and changing online landscape i.e. IoT (Internet of Things), cloud-based solutions, AI (artificial intelligence), machine learning, GPS (global positioning system) and laser technologies, are largely driving the growth of crop maintenance robots market. North-America Crop Maintenance Robots Market accounted for the largest market share of 32.1% in 2017 due to the large adoption of agricultural robots and also the presence of major players who are continuously advancing the crop maintenance robots. Asia-Pacific crop maintenance robots market is thus expected to grow at a CAGR of 10.3% over the forecast period. Where The Australia crop maintenance robots market is set to reach nearly USD 0.204 billion by 2024, growing at a CAGR of 15.2% over the forecast period (2017-2025).