Global Agricultural Robots Market Is Likely To Expand At A CAGR Of 22% Over The Forecast Period

By Goldstein Market Intelligence || 2018-02-03 3:56:52 AM

Global Agricultural Robots Market Is Likely To Expand At A CAGR Of 22% Over The Forecast Period

Agricultural robots help in better farming practices thereby saving time of farmers as they have the ability to work at constant speed, improve quality and reliability and reduced wastes. Agricultural robots are the advanced technological robots that are perfectly designed for agriculture. They are the perfect mixtures of mobility, navigation along with certain technological advancements. They not only save the time of farmers, in addition they help in reducing human errors.

Global Agricultural Robots Market Outlook 2024

On the basis of application, weather tracking and forecasting segment is dominating the market on the back of their advantages such as weather monitoring, weather statistics, rain forecasting and others. The robots used for weather forecasting are gaining traction among the agriculture product manufacturers in order to take appropriate measures in extreme climatic conditions.

Global agricultural robots market accounted USD 3.55 Billion in 2016 and anticipated to garner USD 17.0 Billion by the end of 2024. Rising demand for quality crops and increased export of food grains and other crops are also inclining the agriculture product manufacturers towards agricultural robots to increase their productivity. Global demand for agriculture crops is one of the major factor which is triggering the demand for agricultural robots across the globe, especially inn developed nations such as Japan, U.S. and others.

Regionally, Asia Pacific region is creating several opportunities for agricultural robots manufacturers owing to rising demand for advanced sensor based agricultural robots for weather monitoring and forecasting. Japan is aggressively focusing towards the improvement of agricultural sector and its operations. On the other hand, rising export of agricultural crops from China is fostering the demand for agricultural robots to meet the demand for high quality crops. 

Accelerating agricultural production with the help of mechanization: Automated Harvesting Systems

These are the mobile robots introduced to maintain the soil humidity and pick the ripe fruits. Each plant has a network of sensors that monitors the humidity and alarm the robot for water this communication is possible due to the sensors. For instance, Agrobot SW6010 looks like a tractor but it is a machine which utilizes the sensors and robotic arms to detect ripe fruits and collect/pick them from the ground.

Technological advancement in agricultural robotics: Major Impel

There are different types of agricultural robots depending on different work of agriculture. So there is always an upgrade in technologies of robots. Different robots are used for different purposes for example there are varieties of robots engaged in nursery planning, crop seeding, fertilization and irrigation, crop weeding and spraying etc.

Although, high cost of agricultural robots and cost associated with the maintenance of these robots are hampering the demand for agricultural robots across the globe. Likewise, slow adoption rate and less availability of agricultural robots in developing nations is also one of the growth restraining factor for the global agricultural robotics market.

Global Agricultural robots Market Outlook 2024” contains detailed overview of the global agricultural robots market in terms of market segmentation by product type, by technology type and by application type.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market report also includes provides competitive outlook of some of the major players of the global agricultural robots market which includes profiling of companies of the Agrobot, Energid, Clearpath Robotics, Autonomous Solution, Wageningen UR, Agritronics, Kinze Manufacturing, Harvest Automation, ISO Group, Helper Robotech, Blue River Technologies, Vision Robotics etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global agricultural 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.

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