Agricultural Robots Market is poised to grow at a CAGR of over 18.3% during the forecast period of (2020-2030)

Constant development of technology along with the rising demand of crop yield linked with large population base followed by growing government initiatives are expected to drive the growth of agricultural robots industry during the forecast period of 2020-2030.

The Agricultural Robots Market is expected to grow at the CAGR of 18.3% from 2020-2030, according to a new research report by Next Move Strategy Consulting.

Agricultural robots are also called as agribots which is used for the field application as they help in the completion of filed activities such as irrigation, harvesting & many more. These robots reduce the labour cost along with the amplified production to suffice the population demand on large scale. These robots also reduce the production cost with growth in quality production to bring profits.

According to the report, constant development of technology along with the growth in agriculture industry is the primary factors driving the market growth. The rapid integration of advanced technology in the robots has further increased its efficiency to enhance the production in limited cost. There has been growth in the food demand owing to large population base all over the world along with wide application as well as advantages associated with agriculture robots are expected to fuel the market growth. On the other hand, surge in government initiatives along with subsidies to further promote the agricultural activities has augmented the market growth. There has been inclination towards the automation in agricultural industry may bring change in market trends.  

However, high installation cost of agricultural robots along with lack of connectivity in remote areas can create a restrain in the market growth. Moreover, growth in research & development activities led to innovation is anticipated to provide numerous opportunities to the market in the coming few years.

On the basis of types, the agricultural robots market share is segmented into Driverless Tractors, Unmanned Aerial Vehicles (UAVS), Milking Robots, Automated Harvest Robots, Material Management, and Others. Unmanned Aerial Vehicles dominates the global agricultural robots market in terms of market share and will be the dominant during the forecasted period.

On the basis of offering, the market is categorized into software, hardware, and services. The services segment represents the significant growth as well as expected to dominate the segment in terms of CAGR.

On the basis of application, the agricultural robots market is categorised into dairy management, irrigation management, harvest management, soil management, inventory management, and others. Dairy management is the major application of the agricultural robot and are expected to transform the agricultural robots market trend. In 2017, dairy management application dominates the segment and is expected to grow at significant CAGR to maintain the led in 2030.

North America is likely to account for the highest size share of the agricultural robots market in the forecast period 2020–2030 owing to the presence of technological advancement along with developed infrastructure as well as high adoption rate.  Europe accounts for the second leading position in the agricultural robots market size. Asia Pacific is expected to be the fastest developing region in the agricultural robots market which is majorly driven by presence of developing economies  along with growing government initiatives & subsidies with large population base.

According to the report, some the key players in the agricultural robots market are Agrobot, Blue River Technology, AGCO Corporation, Naio Technologies, Deere & Company, Agribotix LLC, Lely Industries, Trimble, Precision Hawk, Harvest Automation, AG Eagle LLC, and IBM.

Browse key industry insights from the report at https://www.nextmsc.com/report/global-agricultural-robots-market in detail along with the table of contents:

Key Insights from the Agricultural Robots Market Report:

  • Asia Pacific is the fastest growing Agricultural Robots market owing to the rising demand for the agricultural robots, presence of developing economies along with growth in government initiatives to promote agricultural activities in the region.
  • The dairy management application dominates the segment and is expected to grow at significant CAGR to maintain the led in 2030.
  • Some of the major players in the market are Agrobot, Blue River Technology, AGCO Corporation, Naio Technologies, Deere & Company, Agribotix LLC, Lely Industries, Trimble, Precision Hawk, Harvest Automation, AG Eagle LLC, and IBM.

The report Agricultural Robots market – segmented by type, offering, application and geography

Get a free sample on the Agricultural Robots Market reports

About Next Move Strategy Consulting

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

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