WiseGuyReports.Com Publish a New Market Research Report On –“ Agricultural Robots Market Worth 19,378.5 million US$ By 2026”.
— Agricultural Robots Market 2019
Agriculture is fast becoming a sector with a high demand for top-class technologies. With the rapidly growing influx of artificial intelligence and the internet of things, robotics is getting an opportunity to taste the ground. The result is quite positive for the agricultural robots as their effective application has broadened the scope for application. The main focus area for the market is the harvesting part. However, growing innovation and others can widen the scope of application for these robots by integrating areas like environmental monitoring, weed control, cloud seeding, harvesting, planting seeds, and soil analysis. This broadening of opportunities can inspire a better surge in valuation for the global market for agricultural robots.
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Major Key Players
The leading companies profiled in the Agricultural Robots Market report include AG Leader Technology, AGCO Corporation, Harvest Automation, Inc., Drone Deploy, Agribotix LLC, Deere & Company, Boumatic Robotics, B.V., Topcon Positioning Systems, Inc., Autonomous Solutions, Inc., GEA Group, CLAAS KGaA mbH, and CNH Industrial.
The global market for agricultural robots can witness applications in several cases like harvesting & picking, weed control, phenotyping, sorting & packing, autonomous mowing, pruning, and others. With agribusiness becoming a norm, the inclusion of robots in the packaging department is becoming an integral part. These robots are introducing efficiency and that too, in assistance with the latest weather updates owing to which a lot of market players are implementing these strategies to ensure better performance. This has reduced the amount of crop getting wasted each year and increased the profit margin. On the other hand, timely intervention from these robots by detecting deficiencies in the growth of a plant, these robots are helping in maintaining a credible standard.
However, the market for agricultural robots can find some hurdles in the form of its price. These robots are quite costly, which can deter players from having them installed in the first place. But the increase in profit margin can be a luring factor for various market players that can influence the global market for agricultural robots.
The global market for agricultural robots can be segmented into components, types, and applications. These segments can provide ample support to the growth margin by having the factors analyzed in detail.
By component, the global market for agricultural robots can be segmented into hardware, software, and others.
By type, the global market for agricultural robots can be segmented into harvesting robots, driverless tractors, drones, milking robots, and others.
By application, the global market for agricultural robots can be segmented into Irrigation Management, Crop Management, Soil Management, Dairy Management, Inventory Management, and Others.
The markets in North America and Europe can provide traction to the agricultural robot market. This is primarily due to high investment capacity and better incorporation of technologies in various segments to influence production. In the Asia Pacific region, the number of agrarian economies is quite high and they can initiate strong growth opportunities. However, the price point for these types of equipment can be a factor in developing countries. But China, Australia, and others would promote better growth.
In November 2019, an Australian startup, thingc Robotics, announced that they would launch their first commercial robot for agricultural application by May 2021. But they will start field trials in the next 6 months with up to 5 robots.
Table of Contents – Major Key Points
1. Overview and Scope
2. Executive Summary
3. Agricultural Robots Market Insights
4. Agricultural Robots Market Size and Forecast, 2017-2026 by Component
5. Agricultural Robots Market Size and Forecast, 2017-2026 by Type
6. Agricultural Robots Market Size and Forecast, 2017-2026 by Application
7. Agricultural Robots Market Size and Forecast, 2017-2026 by Region
8. Company Profiles
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