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Agricultural Robots Market By 2024 Top Key Industry Players: DeLaval, Harvest Automation, Agrobot, Lely, BouMatic Robotics, Yamaha, Kuka, ABB Robotics, Blue River Technology, PrecisionHawk, Georgia Tech Agricultural Robots, IBM
Global Market Insights
Global Agricultural Robots Market size is expected to witness a growth at a significant rate during the forecast period. The focus on increased productivity and farm efficiency, automation leading to minimized use of labor, efficient use of natural resources, population growth, constant innovation in technology, a decline in the availability of workforce and less time-consuming nature are the propelling factors for the growth of the market. The high cost involved in hiring skilled labor and increased pressure on food supply are also the factors leading to the emergence of agricultural robots. The agricultural robots market is expected to receive support from government authorities in the future.
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Irregular mobile and internet connectivity in remote areas can limit the growth of agricultural robots. The other challenge is to guide the farmers about the new agricultural model. Stringent safety and hygiene regulations need to be followed for adopting the new agricultural technology as the robots contribute to quality and freshness of food. Against this backdrop of drivers and restraints, the market is forecasted to grow at a fast pace in the coming years.
Agricultural robots are also known as AgriBots, AgBots and FarmBots. Robots have already transformed the agriculture industry, and with the invention of agricultural drones, they have set a different standard for farming. They are mainly deployed for harvesting the crops. The robotics in agriculture have helped the farmers in identifying the weeds and hoeing. The next strategy in agricultural robotics is to develop autonomous robots which will locate the weeds in crop rows and take a precise action to eliminate them.
Agricultural robots lead to lower costs in farming, functioning without fatigue, better quality of yield produced and reduced damage to the soil. They use the technologies involved in computing, navigation, mobility, localization and sensing. The key strategy to build economical robots is to adopt the existing commercial vehicles in the market. The companies engaged in manufacturing of robots are focused on the agricultural industry.
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Based on offerings, the market is divided into hardware, software and services. Hardware for automation and control includes display, GPS, mobiles, steering and guidance and application control devices. Hardware for monitoring and sensing devices comprises of soil sensors such as nutrient, temperature and moisture sensors, yield monitors, water and climate sensors. The software is cloud based and web based. The services include consulting and system integration, connectivity services, assisted professional services, support and maintenance services and managed services such as data services, analytics and farm operation services.
Based on region, the market of agriculture robot has been segmented into North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America had the highest market share in 2015. Europe and Asia Pacific are the next in queue. Due to the high investment in machinery, Asia Pacific is expected to grow with the highest CAGR.
National Institute of Food and Agriculture has provided grants to stakeholders to promote the use of robots in America’s agricultural fields. Some of the key market players are DeLaval, Harvest Automation, Agrobot, Lely, BouMatic Robotics, Yamaha, Kuka, ABB Robotics, Blue River Technology, PrecisionHawk Inc., Georgia Tech Agricultural Robots and IBM.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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