Agricultural Robots Market is Estimated to grow at the Highest Growth Rate till

Posted by RakshaGajbhiye on December 14th, 2020

According to the current analysis of Reports and Data, the global agricultural robots market was USD 6.5 Billion in 2018 and is projected to grow at a CAGR of 24.1% from 2019 to 2026. The burden on global food supply due to rising world population and surge in venture funding for the expansion of agriculture robots are a few of the key factors driving the growth of the agricultural robots market. The most common applications of robots in agriculture include filed mapping, aerial data collection, planting and seeding intercultural operations, fertilizing and irrigation, picking, and harvesting, while others including dairy farming activities like milking, castrating, washing and shepherding.

The research report is inclusive of the impact analysis of the currently unfolding COVID-19 pandemic. The pandemic has affected the economic scenario of the world and brought about dynamic changes in the demands and trends of key segments of the market. The report covers the current and future impact of COVID-19 on the overall market.

The North American market is forecasted to generate the highest revenue of USD 2.44 Billion in the year 2027, owing to its huge demand for blood glucose test strips in the hospitals and individuals sub-segments. Asia Pacific, with its elevated increase of using the test strips over other alternatives and a drastic increase in the number of diabetes patients in China, India, and Japan, are likely to surpass the European market.

Major Players evaluated in the Report:

Deere & Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), DJI (China), Boumatic (Netherlands), Lely (Netherlands), DeLaval (Sweden), Topcon (US), and AgEagle Aerial Systems (US). 

For the purpose of this report, Reports and Data have segmented the global blood glucose test strips market on the basis of strips type, sales channel, applications, end-users, and region:

By Type (Revenue, USD Million; 2019-2026)

• Unmanned Aerial Vehicles (UAVs) (Fixed Wing, Rotary Blade, and Hybrid)
• Milking Robots
• Driverless Tractors
• Automated Harvesting Systems
• Other Robots (Robots for Nurseries, Sorting and Packing, and Weed Control)

By Farming (Revenue, USD Million; 2019-2026)

• Indoor farming
• Outdoor farming

 Market Analysis based on Key Geographical Regions:

The report covers key regions such as North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The report covers the production, growth, sales, demands, and consumption patterns, and forecast detail.

Key Benefits of the Report:

• Clear understanding of the Agricultural Robots market and its operations
• Industrial chain analysis along with the current and future market trends and opportunities
• Current market scenario and forecast estimation up to 2027 to understand the full growth potential of the Agricultural Robots industry
• In-depth analysis of the factors influencing the growth of the market
• Strategic marketing recommendations, key information for market entrants, and expansion plans of other businesses to offer a competitive edge to the reader
• Extensive profiling of key competitors along with their business structures, strategies, and business expansion plans.

The report provides a comprehensive analysis of competitive landscape along with detailed analysis of the mergers, acquisitions, joint ventures, partnerships, collaborations, and other strategic alliances. It also provides an extensive analysis of the latest product developments, technological advancement, and advancements research and developments in the global Agricultural Robots industry. The study offers forecast estimations up to 2027.

Focal Points of the Report:

• Market Coverage: This section of the report gives a detailed account of the key manufacturers, market segments, product scope, product range, forecast period, and application landscape.
• Executive Summary: This chapter focuses on the market growth rate, significant market drivers and restraints, current market trends, and competitive outlook.
• Regional Analysis: This section delves into the latest import and export trends of the market, production and consumption ratio, the leading market players in each region, and revenue generation.
• Manufacturers’ Portfolio: Complete portfolios of all the local and global manufacturers, along with the SWOT analysis, production value and capacity, product catalogue, and other important details of their businesses, constitute this section of the report.

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