Agricultural Robots Market Growth Drivers, Developments, Technology and Future Trends 2018-2024
According to a
recent report published by Fast Market Research, titled, Global Agricultural Robots Market 2018: Market Size, Market Volume, Trends, Opportunity, Forecast
2018-2024, the global agricultural robots market accounted for USD XX
Million in 2018 and is estimated to reach USD 16,182.9 Million by 2024.
Moreover, it is anticipated to flourish at a CAGR of 20.8% during the forecast
period i.e. 2019-2024.
The global agricultural
robots market has been segmented based on type and application. Based on the
type, this market has been segmented into driverless tractors, unmanned aerial
vehicles (UAV), milking robots, potato sorting system, material management and
others. Milking robots segment is anticipated to witness significant growth
during the forecast period. In Europe, China, US and Japan, more than 20,000
dairy farms have installed robots. Further, average sales of milking robots are
anticipated to increase on the account of its benefits such as increased
milking productivity and high efficiency.
In application
segment, dairy farm management market captured significant share of overall
market in 2018. Addition to that, global agricultural robots market by
application has been segmented into field farming, soil management, irrigation
management, pruning and others.
Reducing Number
of Agricultural Labours
Declining
percentage of farmers across the globe is anticipated to positively impact the
growth of global agricultural robots market. Furthermore, this reduction in
very sharp in various developed nations such as United States and Japan owing
to rapid growth of aging population. This significant decline in number of
farmers has forced various farmers to adopt automation agricultural
technologies such as agricultural robots to increase their efficiency and
productivity.
Government
Support
Government of
various nations are launching various incentive and awareness
programs to increase the adoption of advance agricultural equipment. This
factor is envisioned to bolster the growth of agricultural robots market. Apart
from this, governments are also funding various agricultural robotic projects
to replace manual labour with automation technologies.
Regional
Outlook:
In terms of
geography, the agricultural robots market is segregated into North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America. North
America accounted for the major share of the global agricultural robots market.
Moreover, Europe agricultural robots market is expected to showcase lucrative
growth in the upcoming years. U.S., Germany and China are some of the major
countries witnessing the augmenting demand for agricultural robots market.
Competitive
Landscape:
The report also
covers detailed competitive analysis of major market players of the global
agricultural robots market, such as Agrobot, Clearpath Robotics Inc., Energid
Technologies Corporation, Blue River Technology, Vision Robotics, DJI,
Agjunction, Inc., Boumatic Robotics, B.V., Lely Holding S.À.R.L and other key
& niche players. The agricultural robots market is witnessing a wide range
of industry activities such as product launch, acquisition, mergers, and
expansion across the globe.
About Us:
FAST.MR is a global market research and business-consulting
organization that aims to provide a deep market insight to our clients, which
helps them in better decision making in the dynamic environment. We have a team
of highly qualified personnel that studies the market in depth to provide our
clients with better strategies to stand out in the market.
Contact Us:
FAST.MR
150 State Street, Albany,
New York, USA 12207
+1 (518) 300-1215
Email: sales@fastmr.com
Website: www.fastmr.com
FAST.MR
150 State Street, Albany,
New York, USA 12207
+1 (518) 300-1215
Email: sales@fastmr.com
Website: www.fastmr.com
Comments
Post a Comment