Agriculture Robots Market is expected to witness 34.0% CAGR between 2020-2030 | Global Industry Size, Share, Growth, Key Companies Trends & Forecast

[Anurag Gupta]

According to the recent report published by Decision foresight, The Global Agriculture robots are gaining popularity among the farmers, owing to the need for producing food products effectively to ensure sustainability. Agricultural robots are implemented to fasten the farming process with minimal human intervention. Various agricultural robots are programmed to perform various farming process such as field farming, seed sorting, soil management and other applications.

Agriculture Robots Market is poised to grow at a CAGR of 34.0% during the forecast period of (2020-2030)

Browse Full report on Global Agriculture Robots Market at https://www.decisionforesight.com/reports/agriculture-robots-market

The global Agriculture robots market is expected to witness a CAGR of around 34.0% from 2020-2030 as per new report published by Decision Foresight.

According to the report, need for modernized and sustainable farming process to produce faster yields, growing government expenditure on agricultural industry, declining number of young farmers in farming space, and rise in minimum wages of farmers are expected to fuel the market growth. Furthermore, significant venture capital investments for technological advancements are yet another important factor driving the market growth. Industry players are now focusing on significant R&D activities related to agricultural robots. For instance, In September 2019, FarmWise, a company into development of autonomous robot systems, announced that it has raised USD 14.5 million in Series A funding round, led by Calibrate Ventures. This funding will be utilized to help engineering department to focus their R&D efforts concerning plant-level detection and auction capabilities. Also, in April 2019, Augean Robotics, a US based startup firm has raised USD 1.5 million in seed funding for development of autonomous agricultural robots. This robot will autonomously acquire data and work along with the humans, to scale up the productivity by 30%.

Use of drones in agriculture is one of the trending topics in Agriculture robotics market, with many companies investing on this technology; thus providing an array of opportunity for the growth of agricultural market. In agricultural space, drones are widely utilized for monitoring, field analysis, livestock management, irrigation mapping, and crop spraying. Drones can play an important role in farming by providing the farmers with actual picture of their farmland and help to make well-versed decisions regarding maximizing the crop production. ANAFAI Thermal (Parrot Drones, France) is one such drone which are used in modern farming.

Additionally, development on the focus autonomous robots will act as new revenue pockets for the emerging as well as leading players in the market.

Lack of awareness regarding the agricultural robots among the farmers specifically in the emerging Asian economies is likely to hinder the use of robots in agriculture. In Asia, farmers rely on the conventional techniques and are reluctant to adopt the latest technologies owing to high cost of agriculture robots and risk regarding return on investment on implementing the new machinery for precision farming.

In 2019, driverless tractors segment of the agriculture robots market is expected to witness highest growth rate during the forecast period. Driverless tractors are rapidly replacing farms for spraying, planting, rowing, plowing, and weeding crops. Leading players such as John Deere & Company (US), and CNH Industrial NV (UK), and new entrants such as Mahindra & Mahindra (India), Autonomus Tractor Corporation (US) are accelerating their development by introducing new product launches in this arena. Such developments are projected to flourish the growth of the agricultural robot market. Currently, the driverless tractors are being field tested in developing economies such as US and Japan. Also, booming economies such as India has also started with the field testing of driverless tractors. Thus, growing adoption of the technological advanced machinery for agriculture is fuelling the growth of agricultural robots market.

The global agriculture robots market is competitive with presence of established as well as emerging players. Established players include ACGO, Autonomous Solutions Inc, Autonomous Tractor Corporation, Clearpath Robotics, Deepfield Robotics, DeLaval, GEA Group, Harvest Automation, John Deere, and Lely. While some of the emerging players include Augen Robotics, Blue River Technology, Iron Ox, Rowbot Systems, Vision Robotics, and naïo technologies.

To know more about this study, request a free Sample: https://www.decisionforesight.com/request-sample/DFS019979

Market Segmentation

The research report categorizes the global agriculture robots market by type, application and region.

By Type

Driverless Tractors
Unmanned Aerial Vehicles (UAVs)
Milking Robots
Automated Harvest Robots
Material Management
Others (Animal Management and Forest Management)
By Application

Dairy Management
Irrigation Management
Harvest Management
Soil Management
Inventory Management
Others(Field mapping and Pruning management)
By Region

North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Others
Asia-Pacific
China
Japan
India
Rest of Asia Pacific
Rest of the World (RoW)
Latin America
Middle East
Africa
Request Customization @ https://www.decisionforesight.com/customization/DFS019979

About Us:

Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.

Contact Us:

Name: Aloke Kumar

(Business Sale Manager)

Email Id: [e-mail]

Website: https://www.decisionforesight.com/