Agricultural Robots Market to Reach $11,050 Mn by 2023 - Competitive Analysis of Leading Market Players - AGCO, Autonomous Solutions Inc., Autonomous Tractor Corporation, Clearpath Robotics, Deepfield Robotics

The global agricultural robots market was valued at $2,927 million in 2016, and is expected to reach $11,050 million by 2023, registering a CAGR of 21% from 2017 to 2023. Asia-Pacific is expected to exhibit high potential, owing to the growth in the agricultural industry as a resultant of exponential increase in demand for food production.

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Growth in population, high requirement for food, rise in popularity of indoor farming, common climate variations, and surge in adoption of automation technology are expected to drive the global agricultural robots market during the forecast period.

Dominating Market Players Profiled in this Study:

•AGCO
•Autonomous Solutions Inc.
•Autonomous Tractor Corporation
•Clearpath Robotics
•Deepfield Robotics
•DeLaval
•GEA Group
•Harvest Automation
•John Deere
•Lely

This report provides a comprehensive analysis of

-Top impacting Growth Factors
-Competitive Analysis of Leading Market Players
-Current and Future Market Trends
-Market Segmentation
-Revenue Estimation by 2023

However, restricted awareness about these robots among the farmers and incapability of the robots to match to human-like dexterity impede the market growth. The agricultural robots market is segmented on the basis of type, application and geography. The milking robots segment dominates the market, accounting for $6,555 million in 2016, registering a CAGR of 7% during the forecast period.

Agricultural robots are gaining traction among the farmers, owing to the need for producing food products effectively and ensuring sustainability. These robots are deployed to speed the farming processes with minimal human interventions. Various agricultural robots are programmed to perform different farming processes such as field farming, dairy farming, seed sorting, soil management, and others. High requirement for modernized and sustainable farming processes to produce faster yields is expected to drive the global agricultural robots market over the forecast period.

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Based on application, the dairy management segment is expected to generate the maximum revenue during the forecast period, accounting for 61.3% share by 2023.

Questions answered in agricultural robots market research study:

-What is the market growth rate of agricultural robots market from 2017 to 2023?

-What will be the market size by 2023?

-Who are the leading manufacturing companies in the agricultural robots market?

-What are the major current trends and estimated trends?

-What are the challenges faced in the agricultural robots market?

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Farmers are gradually inclining towards automated technology to produce higher yields. Modernized and sustainable farming technologies act as a boon for the agricultural industry, thereby eliminating the possibilities of food scarcity.

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