Agriculture Robots market size, analysis and sells by 2024

Posted by Vikas Bahurupi on July 20th, 2018

Agriculture robots has different tasks to perform which includes image capturing, seeding, water spraying, harvesting, milking and many others to name. The growing demand for food and scarcity of manpower has boosted the agriculture robots market’s growing trend. The increase in precision agriculture and increase in demand for real time analysis which in turn helps in making a better decision and in turn driving the global market for agriculture robots. In fact, global marketing of agricultural robots is experiencing a growth as a result to increased corporate farming and increase in demand for food producing. These mentioned trends are propelling the market of agriculture robots globally at a significant pace. There is an expected boost to the market of agriculture robots during the forecast period as a result of the ongoing research and developments undertaken by different companies globally.

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The growth of the market of agriculture robots in the emerging regions such as Asia Pacific and Latin America are anticipated highly. It is boosted by the rapidly increasing demand for food, New advanced technologies are being adopted by the manufacturers in order to modernize the existing robots. I addition to that, robots also help majorly by spraying the exact amount of chemicals, fertilizers and pesticide without involving any human effort, which is increasing awareness and generating interest among the famers or growers across the globe. Yet another factor hindering the growth of the market is the limited functionality of the agriculture robots. An expected reduction in the effects of these limiting factors are seen over the forecast period.

Global Agriculture Robots Market: Scope of the Study.

According to the report, the market of agriculture robots is sub divided into segments on the basis of type, application and geography. Important factors such as market drivers, market restrains and future opportunities are also discussed in this report. It highlights the present market trends and provides the forecast from a period of 2016 o 2024.

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The market of agriculture has been segmented into North America, Europe, Asia Pacific, Middle East, Africa and Latin America geographically. North America stands to acquire the largest market share in 2015 with Europe and Asia Pacific following next. Asia Pacific has the highest CAGR which makes it the fastest growing region. The reason for this astounding growth is the huge sums of investment in the field of agriculture machineries.

According to by type segmentation, the market is further bifurcated into different categories such as UAV, driverless tractors, milking robots, automated harvesting machines and any others. Revenue wise UAV is estimated to be the fastest growing sub category or segment from 2016 to 2024. The UAVs being comparatively less expensive as compared to the driverless tractors and also due to the high demands of precision agriculture the UAV sub segment has been growing at a faster rate than any other sub category or segment.