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. Use of
robotics in agricultural sector has improved overall production and quality of
the products. Soil monitoring, proper irrigation, precise weeding and design of
cultivated field are some of the major areas on which agriculture robots work.
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.
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)
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.
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.
This report also provides the
existing competitive scenario of some of the key players of the global agriculture
robots market which includes company profiling of Energid Technologies Corp.,
Clearpath Robotics Inc., Autonomous Solutions Inc., ATI Agritronics Inc., Kinze
Manufacturing, Harvest Automation, ISO Group, Helper Robotech Co. Ltd., Blue
River Technology and Vision Robotics Corp. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the global agriculture robots market that
will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
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strategy, expansion and investment etc. We believe every business can expand to
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strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
To know more about this research, kindly visit: https://www.researchnester.com/reports/agriculture-robots-market-global-demand-analysis-opportunity-outlook-2024/365
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Info:
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