The market for agricultural robots is anticipated to grow at a CAGR of 20.5% from 2017 to 2029, reaching US$ 18.84 billion.
Global Agricultural Robots Market Overview
The Global Agricultural Robots market research provided a comprehensive analysis of the worldwide Global Agricultural Robots Market, taking into account all critical variables such as growth factors, limitations, market advancements, top investment pockets, future prospects, and trends. The research begins by emphasizing the important trends and possibilities that may develop in the near future and have a favorable influence on overall industry growth.
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Global Agricultural Robots Market Scope
A combination of primary and secondary data is used for the qualitative and quantitative analysis of the Global Agricultural Robots Market. The bottom-up approach is used to estimate the Global Agricultural Robots Market size and segments. Interviews with top manufacturers, industry experts, suppliers, and market surveys were conducted using primary research. Secondary research includes industry journals, presentations, whitepapers, and some paid databases for the Global Agricultural Robots market. To validate the results from the findings SWOT and PESTLE analysis was conducted, which includes strengths and weaknesses of the market as well as economic condition.
The milking robot segment is anticipated to experience the greatest type-based CAGR of xx% over the projection period. One of the most useful and significant advancements in the dairy farming system is the use of milking robots. According to the International Federation of Robotics, 85% of field robots are milking robots. Robots have been placed at about 20,000 dairy farms in Canada, the US, China, Western Europe, and Japan. The market for milking robots is being driven by higher milking frequency and high labour flexibility.
In terms of regions, the Asia Pacific is anticipated to expand quickly due to the presence of more agricultural land. The governments of developing countries like China, Japan, and India are concentrating on implementing a number of initiatives to boost agricultural productivity in order to feed their growing populations. Due to the significant presence of providers for farm robots, North America contributes the greatest revenue share to the market.
According to a report, a new generation of milking robots called the Lely Astronaut5 will be introduced in May 2021 and would be able to milk more than 2 million cows across more than seven different nations.
The report's goal is to provide complete assessment estimates with an appropriate methodology and set of assumptions. By identifying and evaluating the market segments and estimating the worldwide market size, the study aids in understanding the dynamics and structure of the global agricultural robots market. The research also emphasises a competitive analysis of the major companies in terms of their products, prices, financial standing, expansion plans, and geographical presence.
• Deere & Company
• Trimble Navigation Ltd
• AGCO Corporation
• AgJunction, Inc.
• DJI Technology Co. Ltd
• BouMatic , LLC
• Topcon Positioning Systems, Inc.
• Autocopter Corp
• AG Eagle LLC
• Blue River Technology
• Harvest Automation
• Lely Industries
• Naio Technologies
• Precision Hawk
• Agribotix LLC
Regional Insights in the report on the Global Agricultural Robots industry on a regional level. The region-wise survey is done in a wide range of high-resolution regional investigations. The region portion of the research also provides key market influencing aspects and changes in market regulation that impact the market's current and future trends. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
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Key Questions answered in the Global Agricultural Robots Market Report are:
- What is Global Agricultural Robots Market?
- What is the forecast period of the Global Agricultural Robots Market?
- What is the competitive scenario of the Global Agricultural Robots market?
- Which region held the largest market share in the Global Agricultural Robots Market?
- What are the opportunities for the Global Agricultural Robots Market?
- What factors are affecting the Global Agricultural Robots market growth?
- Who are the key players of the Global Agricultural Robots market?
- Which company held the largest share in the Global Agricultural Robots market?
- What will be the CAGR of the Global Agricultural Robots market during the forecast period?
- What key trends are likely to emerge in the Global Agricultural Robots market in the coming years?
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Global Agricultural Robots market
- Landscape- Leading key players and other prominent key players.
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