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Agricultural Robots Market to Surpass $19,378.5 million by 2026 | AGCO Corporation, Drone Deploy, AG Leader Technology, Boumatic Robotics, B.V., Topcon Positioning Systems

11-20-2018 07:20 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Agricultural Robots

Agricultural Robots

Global Agricultural Robots market is expected to witness significant growth during the forecast period (2018–2026). The market growth is attributed to continuous advancements in audio technology across various applications in different end-use industries such asAG Leader Technology, AGCO Corporation, Harvest Automation, Inc., Drone The global Agricultural Robots market was valued at anticipated to reach around USD 19,378.5 million by 2026 . the milking robots segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market in 2017.

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Top Companies Profiles :

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. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Agricultural robots are used for automation of farming procedures to improve profits and reduce overhead costs. These robots are designed to perform repetitive tasks on farms to deliver enhanced outputs as compared to manual operations. Drones, ground-based sensors, automatic milking systems (AMS), air & soil sensors, livestock biometrics, and smartphone-enabled automated systems are used to increase production capabilities in the agriculture sector. Automated tractors and sprayers are used for various other agricultural purposes such as watering, seed plantation, and pesticides spraying. Some of the products offered by various companies in this segment are Agrobot SW6010, The CROPS solution, Hortibot, and BoniRob.

The North America Agricultural Robots Market generated the highest revenue in the market in 2017. The increasing population, and growing demand for high quality crops drives the growth of this market. Growing cost of labor, and increasing automation in agricultural practices further support market growth. Increasing investments and subsidies in the agriculture sector by governments are expected to boost the adoption of robots for increased productivity in farms. Increasing need to improve food quality and productivity along with increased industrialization and automation of farming equipment further supplements the growth of Agricultural Robots Market.

There has been an increasing adoption of agricultural robots across the world owing to growing agricultural industry, and high-demand for food crops. The growing population, and increasing automation of farm operations further supports the Agricultural Robots market growth. The global agricultural robots market is driven by the increasing need to improve the quality of crops produced, maximize crop production, and enhance productivity. Other factors driving the growth of this market include growth in the global agricultural industry, reducing availability of labors, and increasing labor costs. Increasing need of agricultural robots in farming, dairy production, and green plantation operations has created the need to develop new innovative products for diversified application areas in these sectors. However, high initial investment restricts the growth of the agricultural robots market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities during the forecast period.

The leading players in the Agricultural Robots market are introducing advanced products to cater to the growing demand of consumers. Agrobot SW 6010 is a harvester robot used for fruit picking and sorting. The Hortibot is a self-propelled robotic system, which works in coordination with global positioning system (GPS) system and can be managed by smartphone application. It has the capability to recognize and cut 25 various types of weeds. Asterix Project, a robot by Adigo is used for spraying herbicides in fields

The different types of agricultural robots include milking robots, harvesting robots, drones, driverless tractors, and others. In 2017, milking robots accounted for the largest share in the global market. Milking robots are used as an automated milking system in the dairy sector. Lely Astronaut A4 milking machine by Lely is one of the popular products available in the market for milking applications. An innovative product available in this category is Voyager robotic fencer, which is developed by Lely. This robot is used as an automated grazing control system for dairy cows.

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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
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Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

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