Global Agricultural
Robots Market by Product (Driverless Tractors, Milking Robots, Potato Sorting
system, Unmanned Aerial Vehicles), Application (Field Farming, Soil Management,
Crop Management, Grafting, Nursery Operations, Pruning, Thinning, Weeding), and
Region - Global Forecast to 2024
Agriculture robotics is a combination of advance
sensing, mobility, navigation, computing and interaction technologies.
This robotics is used for efficient and cost effective production of
grains, vegetable, fruits and other agricultural products. Agriculture robotics
is very advanced robotic technologies which include farmer robots that can
perform various farming works such as cultivation and harvesting of vegetables,
rice, fruits and others. Agriculture robots or agbots performs various works
which are very difficult for humans to do.
Market Size & Forecast
Global
agriculture robots market is anticipated to flourish at a compound annual
growth rate (CAGR) of 21.1% over the forecast period 2017-2024. Global
agriculture robot market stood at valuation of USD 3.2 Billion in 2016 and is
expected to reach at a valuation more than USD 16.2 Billion by the end of 2024.
Rising population coupled with increasing demand for food is the major factor
fostering the growth of global agriculture robot market over the forecast
period.
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Geographically,
global agriculture robots market is segmented into five major regions including
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
region. North America region is dominating the global agriculture robots market
and has captured highest share among all regions. Agriculture robots market in
North America region stood at a valuation of USD 225.5 Million in 2016.
Further, North-America region is expected to continue its dominance over the
forecast period on the account of the adoption of advanced robotics in agriculture
sector. In terms of share, Europe region is the second biggest market of agbots
and is anticipated to witness a remarkable growth over the forecast period.
Moreover, agriculture robots market in Asia Pacific region is anticipated to
flourish at a compound annual growth rate (CAGR) of 11.2% over the forecast
period. Population growth, reducing farmable land and rising demand for grains
& vegetables are driving the growth of agriculture robots market in Asia
Pacific region. Middle East & Africa and Latin America regions are also
envisioned to witness a satisfactory growth over the forecast period.
Market Segmentation
Our-in
depth analysis of the global agriculture robots market includes the following
segments:
By Product
·
Driverless
Tractors
·
Milking
Robots
·
Potato
Sorting System
·
Unmanned
Aerial Vehicles
·
Others
By
Application
·
Field
Farming
·
Soil
Management
·
Crop
Management
·
Grafting
·
Nursery
Operations
·
Pruning
·
Thinning
·
Weeding
·
Others
(Potting and others)
By Region
Global
agriculture robots market is further classified on the basis of region as
follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity
Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis.
·
Middle
East and Africa (GCC, North Africa, South Africa and Rest of Middle East)
Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers & Challenges
Increasing
population and rising demand for food, grains, vegetables and other
agricultural products are some major factors driving the growth of global agriculture robots
market. Rising adoption of agriculture robots in agriculture
sector has improved the quality and quantity of production of grains,
vegetables and fruits. Involvement of agriculture robots in agriculture sector
has reduced the human intervention as well as human errors. Considering above
factors, global agriculture robots market is expected to witness a robust
growth in near future.
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Agriculture
robots offer various advantages over farming done by human such as harvesting
and cultivation of complete land without any error. Due to internet
access, they easily forecast weather conditions and work accordingly. Moreover,
agriculture robots such as driverless tractors and Oz are some of very advanced
agriculture robots which work without any human intervention. Availability of
such advance agricultural robots is expected to grow the market of agricultural
robots over the forecast period.
Decreasing
farmable land and ability of agriculture robots to produce satisfactory amount
of grains, vegetables and fruits are some major drivers to the growth of global
agriculture robots market. Development of advanced agriculture robots which are
used for precise farming such as berry nice robot and others are expected to
foster the growth of global agriculture robots market in near future.
However,
high cost of agriculture robots is a major challenge which is expected to
restrain the growth of global agriculture robot over the forecast period. Apart
from this, lack of knowledge about operation of agriculture robots among
formers is likely to restrain the growth of agriculture robots market in near
future.
Key Players
·
Agrobot
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Energid
·
Clearpath
Robotics
·
Autonomous
Solution
·
Wageningen
UR
·
Agritronics
·
Kinze
Manufacturing
·
Harvest
Automation
·
ISO
Group
·
Helper
Robotech
·
Blue
River Technologies
·
Vision
Robotics
Scope & Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
agriculture robots market is segmented as follows:
·
By
Products Market Size & Y-O-Y Growth Analysis
·
By
Application Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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