Agricultural Robots Market Growth – CAGR of 24.1% 2020-2027 | Latest Statistical Report By Reports And Data
: New York, United States, 24-July-2020, (Via WiredRelease), (Reports and Data) The global agricultural robots market was USD 6.5 Billion in 2018 and is projected to grow at a CAGR of 24.1% from 2019 to 2026. The burden on global food supply due to rising world population and surge in venture funding for the expansion of agriculture robots are a few of the key factors driving the growth of the agricultural robots market. The most common applications of robots in agriculture include filed mapping, aerial data collection, planting and seeding intercultural operations, fertilizing and irrigation, picking, and harvesting, while others including dairy farming activities like milking, castrating, washing and shepherding.
The Asia Pacific region is anticipated to be the fastest-growing market during the forecast period, with a CAGR of 26.8%. The mounting trend of implementation of uncrewed aerial vehicles for higher productivity and increasing awareness of accurate agriculture for field mapping and crop scouting is predictable to foster the agricultural industry growth in this region. APAC agricultural robots market will benefit from growing adoption and technological developments. Manufacturers are financing in the area to develop low cost and effective drones for frequent applications in agricultural robots.
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This report covers the recent COVID-19 incidence and its impact on Agricultural Robots. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
Companies considered and profiled in this market study
Deere Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), DJI (China), Boumatic (Netherlands), Lely (Netherlands), DeLaval (Sweden), Topcon (US), and AgEagle Aerial Systems (US). In June 2019, AGCO Corporation (US), under the Fuse brand, launched the AGCO Connect in North America to provide its customers and dealers with access to machine location data and diagnostics.
By Offerings (Revenue, USD Million; 2019-2026)
Hardware (Automation Control Systems and Sensing Monitoring Devices), Software (Local/Web-based and Cloud-based), Services (System Integration Consulting Services, Managed Services, Connectivity Services, Assisted Professional Services, and Maintenance Support Services)
By Type (Revenue, USD Million; 2019-2026)
Unmanned Aerial Vehicles (UAVs) (Fixed Wing, Rotary Blade, and Hybrid), Milking Robots, Driverless Tractors, Automated Harvesting Systems, Other Robots (Robots for Nurseries, Sorting and Packing, and Weed Control)
By Farming (Revenue, USD Million; 2019-2026)
Indoor farming, Outdoor farming
By Farm (Revenue, USD Million; 2019-2026)
Fruits and Vegetables, Field Crops, Livestock, Others (Flowers and Aquaculture)
By Application (Revenue, USD Million; 2019-2026)
Harvest Management, Field Farming (Crop Monitoring, Plant Counting, and Crop Scouting), Dairy Livestock Management (Dairy Farm Management, Livestock Monitoring, and Precision Fish Farming), Autonomous mowing, pruning, seeding, spraying and thinning, Phenotyping, Soil Management (Moisture Monitoring and Nutrient Monitoring), Irrigation Management, Weather Tracking Monitoring, Sorting and packing, Inventory Management, Weed Control, Others (Financial Management, Farm Labor Management, Demand Forecasting, and Forestry Management)
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The research provides answers to the following key questions:
What is the expected market size of the Agricultural Robots market for the forecast period 2020 2027? What will be the growth rate of the industry during the estimated period?
What are the major driving forces shaping the future of the Agricultural Robots industry worldwide?
Who are the major vendors in the industry and what are their strategies to reap more profits and reduce costs?
What are the trends from the past and future that are likely to favor the progress of the Agricultural Robots industry worldwide?
What are the major threats and challenges that hinder the development of the industry?
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