Precision Agricultural Application Robot Market Size Analysis by Growth, Emerging Trends and Future Opportunities.

It is estimated for the global precision agricultural application robot market to witness a growth at a massive CAGR of 20.1% during the forecast period of 2022 to 2030.

The market witnessed stable growth even in the previous forecast period of 2018 to 2021. The growing population and increasing labour shortage encouraging automation; maturing IoT and navigation technologies that are driving down the cost of automation are the factors that are driving the growth of the market during the forecast period.

Various factors including changing demographics and urbanization are now impacting the agricultural industry and thus agriculture industry is under pressure from the increasing global population and the need for higher productivity from the existing farm area. This factor is also estimated to boost the growth of the market with the increase in demand and the decrease in manpower.

Also, the younger generation often moves to urban cities for better career prospects and thus is less likely to pursue farming. This has led to existing farmers working for an extended number of years in the field. The introduction of precision agricultural application robots in their work is likely to grow the market during the forecast period.

But, in countries such as India, China, and Brazil, there is a lack of skill and technical awareness among farmers. This lack of technological advancement is likely to hinder the growth of the market during the forecast period.

Key Market Trends
Collaborative and cooperative behaviour between different robots becomes advantageous for large-scale agriculture and dairy operations as tasks can be performed in parallel, providing better economies of scale. This factor is likely to boost the growth of the market during the forecast period.

The players in the agricultural robots market are expected to adopt advanced systems extensively during the forecast period owing to the ability of multimodal robot systems to operate swarms of robots in farms to perform various agricultural applications, such as spraying and weeding simultaneously.

As the majority of equipment manufacturers use their in-house interface protocols for communications, the lack of standardization in technology also complicates the integration of systems. The factor is likely to hinder the growth of the market during the forecast period.

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Segmental Analysis of the Market

By Type
• Milking Robots
• UAVs/Drones
• Automated Harvesting Systems
• Driverless Tractors
• Others
It is estimated for the drone category to boost the growth of the market during the forecast period.

By Farm Produce
• Fruits & Vegetables
• Field Crops
• Dairy & Livestock
• Others
It is estimated for the field crops category to boost the growth of the market during the forecast period.

By Farming Environment
• Indoor
• Outdoor
It is estimated for the outdoor category to boost the growth of the market during the forecast period.

North America to lead the growth of the market during the forecast period
Owing to the increasing labor shortage and high labor costs in the region has led to the adoption of robots and automation to ensure better productivity & maintain quality standards it is estimated for North America to drive highest growth for the market during the forecast period.
Apart from this, North America is also one of the largest markets for auto-steering tractors, making it a lucrative market for driverless tractors.

Competitive Landscape
Some of the prominent companies operating in the market are
• Deere & Company (US)
• DJI (China)
• CNH Industrial NV (The Netherlands)
• AGCO Corporation (US)
• DeLaval (Sweden)
• Trimble (US)
• BouMatic Robotics (Netherlands)
• Lely (Netherlands)
• AgJunction (US)
• AgEagle Aerial Systems (US)

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Frequently Asked Questions
• What is the growth rate of the global precision agricultural application robot market?
• What are the primary growth determinants of the market?
• Which are the major regions constituting the geographical landscape of the market?
• Which are the prominent companies operating in the market?

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