The Global Market for Agricultural Robots is Projected to Exceed US$15 Billion by 2020

Expanding Global Population & the Resulting Need for Food Security to Drive the Agricultural Robots Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Agricultural Robots market. The global market for Agricultural Robots is projected to exceed US$15 billion by 2020, driven by the increasing global population and the resulting need to boost agricultural productivity through improved efficiency and effectiveness of farming operations.

Agricultural robots, also known as AgriBots, AgBots, and FarmBots, enable safe, efficient, and cost-effective production of grains, fruits, nuts, horticulture, nursery crops, and vegetables through the use of advanced sensing, mobility, computing, localization, navigation and interaction technologies. Food represents the most essential requirement for mankind for its survival and sustenance. Agriculture represents the oldest and one of the most important economic activities. With global population expected to expand to 9.8 billion by 2050, agricultural productivity should increase by more than 30% thereby providing the perfect platform for implementation of robotics and automation for meeting the 2050 food needs of the masses.

Myriad benefits offered by robots such as minimal requirement for human workforce, accuracy & precision, fatigueless functioning, quicker task accomplishment times, and costs benefits, are encouraging wider adoption of agricultural robots. The short supply of agricultural labour and rising labour costs for skilled, semi-skilled and unskilled agricultural jobs is also creating substantial opportunities for agricultural robots. Few of the technology innovations and advancements that are expected to benefit adoption in the long run include driverless tractors; use of wireless sensors; proliferation of system and controls driven farm robots; penetration of drones and wearables; and rising prominence of Big Data and 3D printing technology in agriculture. The Internet of Things (IoT) phenomenon represents another technology that is expected to eventually lead to what is popularly termed as “Smart Farming”. The growing emphasis on precision agriculture, where the focus remains on improving farm yield by leveraging satellite based technologies, is another major driver benefiting deployment of robots in agricultural environments.

As stated by the new market research report on Agricultural Robots, Europe represents the largest market worldwide. The United States ranks as the fastest growing market projected to witness an impressive CAGR of 50% over the analysis period. Adoption of new generation technologies, high penetration rates of advanced agricultural machinery, affluent nature of the farming community, high awareness levels, presence of leading innovators; and government intervention and support will benefit wider adoption of agricultural robots in the country. A growing number of agriculturalists in developed nations are also prioritizing robots due to labor supply crunch and growing labor costs.

Key players covered in the report include AGCO Corporation, Agribotix LLC, AGROBOT, AMAZONE H. Dreyer GmbH & Co. KG, Autonomous Solutions, Inc., Autonomous Tractor Corporation, AutoProbe Technologies LLC, Blue River Technology, BouMatic Robotics B.V., Clearpath Robotics, Inc., Deere & Company, DeLaval International AB, GEA Group Aktiengesellschaft, Harvest Automation, Inc., Naio Technologies, PrecisionHawk, Shibuya Seiki Co., Ltd., Trimble Navigation Ltd., Vision Robotics Corporation, Vitirover SJCS, Wall-YE, and Yamaha Motor Co., Ltd., among others.

The research report titled “Agricultural Robots: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World.

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