Agricultural Robots Market Future Plans by Forecast 2020 to 2027

Posted by Pradip on November 18th, 2021

The global Agricultural Robots Market will be worth USD 37.24 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing population worldwide coupled with the rising demand for food in developing countries. The farmers are trying to enhance agricultural productivity in order to meet the growing demand for food by incorporating agricultural robots in agricultural practices. Increasing adoption of crop management devices to monitor crop growth and protect the field from any infestations is expected to drive the market\'s growth over the forecast period. The declining agricultural workforce in several countries due to the aging of farmers and lack of skilled labor has resulted in the increasing adoption of agricultural robots over the forecast period. Increasing labor costs due to the shortage of labor is another contributing factor to the market\'s growth.

The latest market intelligence study on the Agricultural Robots market covers the performance of both the key vendors and new entrants for the forecast period, 2020 - 2027. Estimated value, profits, gross margin, spending power and consumption volume form an important part of the study that aims at offering the business owners, stakeholders, and marketing personnel a competitive edge over others. Importantly, the study discusses a lot about, the product application, classification and performance across different regions. The industry assessment report weighs upon the top performers and also the winning strategies that have enabled them to occupy a strong foothold in the Agricultural Robots market.

Key Highlights From The Report 

• In November 2019, DeLaval launched the latest addition to its robotic milking system offering – DeLaval VMS™ V310. The VMS™ V310 comes with the new DeLaval Re Pro™ that detects pregnancy and heat automatically during the milking process.
• The hardware segment held the largest market share of 48.3% in the year 2019. Increasing adoption of cost-effective IoT-enabled devices and sensors in the agriculture sector is expected to drive the hardware segment\'s growth.
• The driverless tractors are forecasted to grow with the fastest CAGR of 35.4% over the forecast period due to the declining agricultural workforce and the increasing investments for the development and production of the driverless tractors by the major market players.
• Dairy management accounted for the largest market share in 2019 due to the increasing adoption of milking robots in order to meet the growing demand for dairy products.
• North America accounted for the largest market share in 2019 due to the increasing government initiatives regarding the adoption of agricultural drones in the agricultural sector to facilitate smart farming.
• Key participants include Agco Corporation, Deere and Company, GEA Group, Trimble Inc., Agjunction, Lely, DJI, Delaval, AgEagle Aerial Systems, and Topcon Positioning Group, among others.

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/agricultural-robots-market

Emergen Research has segmented the global Agricultural Robots Market on the basis of Offering, Type, Application, and region:

• Offering Outlook (Revenue, USD Billion; 2017-2027)
  • Software
  • Hardware
  • Services

• Type Outlook (Revenue, USD Billion; 2017-2027)
  • Driverless Tractors
  • Unmanned Aerial Vehicles (UAVs)
  • Automated Harvesting Systems
  • Milking robots

• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Dairy management
  • Soil management
  • Field farming
  • Animal management
  • Crop management