The overall agricultural robots market is speculated to achieve a valuation of US$ 5,994.27 Million close to the completion of 2022. Furthermore, owing to the creating people and work lacks engaging robotization, making IoT and course development cuts down the computerization costs; the general revenue for agricultural robots is projected to flood at a CAGR of 17.7% some place in the scope of 2022 and 2032, procuring pay of US$ 30,500.51 Million of each 2032.
Agricultural robots are likewise called as agbot, which is conveyed for agricultural purposes. Cultivating advances colossal human endeavors, so to reducehuman assets in horticulture, robots are being embedded to supplant human. Further better accuracy, weed control and mistake free working in fields are arising use of robots.
Farming robots are conveyed for agricultural exercises like splashing, pruning, and observing. Likewise, these robots are utilized for domesticated animals applications, for example, emasculating, programmed draining, and washing.
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Agriculture Robots Market: Drivers and Restraints
Replace farmer’s effort with smart robots is the major driver propelling the growth of the market. Also, population all across the world is increasing, which is fuelling the demand for more crop production, thus piloting the growth of agriculture Robots market during the forecast period.
The government of emerging nation such as India and China is focussing on launching smart farmer project, which is anticipated to create huge industry expansion opportunity in the nearer future. Further, the demand for driverless tractor and increasing application of robots for indoor farming, dairy management, and horticulture are the other factors responsible for the growth of the agriculture Robots market.
High initial investment and skilled staff for accessing the robot are the two factors coupled together to challenge the growth of the agriculture Robots market in recent years. Apart from this, government subsidy and farmer development training programs may assist in overcoming the above mention challenge.
Global Agriculture Robots Market: Regional Trend
North America is expected to witness largest market growth regarding revenue, owing to increasing penetration towards modern agriculture equipment. Further countries such as Canada and U.S are anticipated to exhibit positive market growth, due to increasing inclination adoption of the automation process.
Asia-Pacific countries such as China, India are estimated to capture fastest market growth, owing to supportive government regulation to encourage smart agriculture project in the respective region, is expected to spur the demand for agriculture Robots in forthcoming years.
Global Agriculture Robots Market: Competitive Landscape
The key players associated with agriculture robot market includes AGCO Corporation, Agribotix LLC, AgEagle Aerial Systems Inc, Autonomous Tractor LLC, Blue River Technology Inc., AutoProbe Technologies LLC, BouMatic Robots BV, Deere & Company, Harvest Automation Inc., Precision Hawk, Yamaha Motor Corporation and GoPro, Inc.
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Recent key developments among players are:
- In July 2022, AgEagle Aerial Systems Inc., an industry-leading provider of full-stack drone, sensor, and software solutions for commercial and government/defense use, announced that, in accordance with certain waiver agreements dated as of July 22, 2022, the Company has made final holdback payments in full satisfaction of its payment obligations for the 2021 acquisitions of MicaSense, senseFly, SA, and senseFly, Inc.
- In July 2022, Yamaha Motor Co., Ltd. is pleased to announce that it has increased its investment in TIER IV Inc. in order to build autonomous driving technology and promote its commercialization, including its automated transport solutions business for industrial grounds.
- In Jan 2022, John Deere presented a completely autonomous tractor that is ready for mass production during a press conference at CES 2022. Deere’s 8R tractor, TruSet-enabled chisel plough, GPS navigation system, and other modern technology are all included in this equipment. Farmers will be able to purchase the self-driving tractor later this year.
The report covers exhaustive analysis on
- Global Agriculture Robots Market Segments
- Global Agriculture Robots Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Global Agriculture Robots Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain for Agriculture Robots Market
- Global Agriculture Robots Market Current Trends/Issues/Challenges
- Competition & Companies involved in Agriculture Robots Market
- Agriculture Robots Market Solutions Technology
- Value Chain of Agriculture Robots Market
- Global Agriculture Robots Market Drivers and Restraints
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Global Agriculture Robots Market: Market Segmentation
Global Agriculture Robots Market can be divided into four segments, based on Product Type, Application, Offering and Region.
Segmentation on the basis of Product Type for Agriculture Robots Market:
- Driverless Tractors
- Milking Robots
- UAVs
- Automated Harvesting Machine
Segmentation on the basis of Application for Agriculture Robots Market:
- Field Farming
- Diary Management
- Indoor farming
- Horticulture
Segmentation on the basis of Offering for Agriculture Robots Market:
- Hardware – Automated & Control System
- Sensor & Monitoring Device
- Software Service
Segmentation on the basis of Region for Agriculture Robots Market:
- Asia-Pacific excluding Japan
- The Middle East and Africa
- Western Europe
- North America
- Eastern Europe
- Latin America
- Japan
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