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Agricultural Robots Market Future Prospects, Regional Trends and Potential of the Industry 2027 | Reports and Data

08-25-2021 05:43 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports and Data

Agricultural Robots Market

Agricultural Robots Market

According to the current analysis of Reports and Data, the global Agricultural Robots Market was USD 6.5 Billion in 2018 and is projected to grow at a CAGR of 24.1% from 2019 to 2026. The burden on global food supply due to rising world population and surge in venture funding for the expansion of agriculture robots are a few of the key factors driving the growth of the agricultural robots market. The most common applications of robots in agriculture include filed mapping, aerial data collection, planting and seeding intercultural operations, fertilizing and irrigation, picking, and harvesting, while others including dairy farming activities like milking, castrating, washing and shepherding. The Food and Agriculture Organization of the United Nations (FAO) projected that the global GDP of the agriculture industry would increase from USD50 trillion in 2005-07 to USD 126 trillion in 2050. This exponential extension of the agriculture industry is the foremost reason for the hurling of the sales of agricultural robots globally.

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The Asia Pacific region is anticipated to be the fastest-growing market during the forecast period, with a CAGR of 26.8%. The mounting trend of implementation of uncrewed aerial vehicles for higher productivity and increasing awareness of accurate agriculture for field mapping and crop scouting is predictable to foster the agricultural industry growth in this region. APAC agricultural robots market will benefit from growing adoption and technological developments. Manufacturers are financing in the area to develop low cost and effective drones for frequent applications in agricultural robots.

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Major vendors in the global agricultural robots products market are Deere & Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), DJI (China), Boumatic (Netherlands), Lely (Netherlands), DeLaval (Sweden), Topcon (US), and AgEagle Aerial Systems (US).

By Offerings (Revenue, USD Million; 2019-2026)
• Hardware (Automation & Control Systems and Sensing & Monitoring Devices)
• Software (Local/Web-based and Cloud-based)
• Services (System Integration & Consulting Services, Managed Services, Connectivity Services, Assisted Professional Services, and Maintenance & Support Services)

By Type (Revenue, USD Million; 2019-2026)
• Unmanned Aerial Vehicles (UAVs) (Fixed Wing, Rotary Blade, and Hybrid)
• Milking Robots
• Driverless Tractors
• Automated Harvesting Systems
• Other Robots (Robots for Nurseries, Sorting and Packing, and Weed Control)

By Farming (Revenue, USD Million; 2019-2026)
• Indoor farming
• Outdoor farming

By Farm (Revenue, USD Million; 2019-2026)
• Fruits and Vegetables
• Field Crops
• Livestock
• Others (Flowers and Aquaculture)

By Application (Revenue, USD Million; 2019-2026)
• Harvest Management
• Field Farming (Crop Monitoring, Plant Counting, and Crop Scouting)
• Dairy & Livestock Management (Dairy Farm Management, Livestock Monitoring, and Precision Fish Farming)
• Autonomous mowing, pruning, seeding, spraying and thinning
• Phenotyping
• Soil Management (Moisture Monitoring and Nutrient Monitoring)
• Irrigation Management
• Weather Tracking & Monitoring
• Sorting and packing
• Inventory Management
• Weed Control
• Others (Financial Management, Farm Labor Management, Demand Forecasting, and Forestry Management)

The research study also provides crucial insights into the new ventures and collaborative endeavors the key players are undertaking to gain a robust footing in the market. It focuses on the recent mergers and acquisitions, joint ventures, product launches and brand promotions, corporate deals, agreements, and partnerships. The competitive landscape section offers crucial insights into key companies with regards to their market position, manufacturing and production capacity, product portfolio, investment strategies, business expansion plans, and gross profit margins.

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Thank you for reading our report. For more information about the report or customization, please get in touch with us. Our team will ensure you get the report customized as per your requirements.

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Contact Us:
John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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