Increasing adoption of automation technology and the rise in efforts to improve farming efficiency is expected to drive the demand of global agrobots market in the forecast period.
According to TechSci Research report, “Agrobots Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Type (UAVs (Fixed Wing Drones, Rotary Blade Drones, Hybrid Drones), Milking Robots, Driverless Tractors, Automated Harvesting Systems & Others), By Component (Hardware, Software & Services), By Application (Dairy & Livestock Management, Harvest Management, Irrigation Management, Field Mapping, Inventory Management, Weather Tracking and Forecast & Others)
By Farming Environment (Indoor Farming & Outdoor Farming) and By Region”, the global Agrobots Market is expected to grow with an impressive CAGR for the forecast period, 2022-2026. Agrobots are the latest technology used in the agricultural industry to boost the productivity of the farms and reduce the dependence on manual labor. These autonomous machines are used to improve the quality and efficiency of the agricultural yield and therefore are in high demand worldwide. With the rise in the population, the need for more food generation and production is witnessing a surge. Farmers are shifting their focus over the adoption of modern tools and equipment to increase their productivity and make more profit.
However, the rise in privacy and data security concerns and the unavailability of the agrobots for commercial purposes may restrain the growth of the global agrobots market for the forecast period.
Browse XX Figures spread through 110 Pages and an in-depth TOC on "Global Agrobots Market”.
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Global agrobots market is segmented into type, component, application, farming environment, regional distribution, and company. Based on application, the market is divided into dairy & livestock management, harvest management, irrigation management, field mapping, inventory management, weather tracking and forecast, and others. The harvest management application segment is expected to account for significant market share for the forecast period, 2022-2026. Harvesting robots are used to pick up the fruits under specific environmental conditions, accelerating the demand for the harvesting robots. Based on the farming environment, the market is bifurcated into indoor farming and outdoor farming. Outdoor farming is expected to dominate the global agrobots market for the next five years. The presence of large agricultural fields and the existing farms and the adoption of advanced technologies are expected to boost outdoor farming. Based on type, the market is divided into UAVs, milking robots, driverless tractors, automated harvesting systems, and others. The UAVs segment is expected to hold a significant market share in the predicted period. The UAVs segment is further divided into fixed-wing drones, rotary blade drones, and hybrid drones. The driving factor for the high demand for UAVs in the agricultural industry is that they are affordable agricultural robots and can be used for farms belonging to any size. UAVs are generally used for soil and crop analysis and livestock management. The rise in the adoption of UAVs in commercial farming and the use ineffective pesticide spraying in the field is fueling the market growth. Based on component, the market is divided into hardware, software, and services. The services segment is expected to hold the largest market share in the next five years. The services provide the farmers with insights about right on investment calculations and make the farmers decide the right equipment to use for farming. The cost of buying the agrobots is a high investment; therefore, farmers prefer to opt for leasing services to make the agricultural practice more affordable.
Deere & Company, Trimble, AGCO Corporation, Lely Harvest Automation, Autonomous Tractor Corporation, Deepfield Robotics, DeLaval, Clearpath Robotics, Boumatic LLC, Naïo Technologies, AgEagle Aerial Systems, Inc., ecoRobotix Ltd, YANMAR HOLDINGS CO., LTD, KUBOTA Corporation, Harvest CROO Robotics LLC are the leading players operating in global agrobots market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several agrobots manufacturers are coming up with their technologically advanced offerings.
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“Availability of low-cost IoT devices connected with the farm management software to enable smart farming is expected to create lucrative opportunities for the global agrobots market growth. The use of internet of things technology helps the farmers by providing insights to make smart decisions and analyze the data to determine the temperature, moisture, and weather expected to boost the productivity and profitability of the farmers. The growing demand for high-precision farming by the adoption of multimodal systems based on vision systems, GPS, LiDAR is expected to propel the global agrobots market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Agrobots Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026
Segmented By Type (UAVs (Fixed Wing Drones, Rotary Blade Drones, Hybrid Drones), Milking Robots, Driverless Tractors, Automated Harvesting Systems & Others), By Component (Hardware, Software & Services), By Application (Dairy & Livestock Management, Harvest Management, Irrigation Management, Field Mapping, Inventory Management, Weather Tracking and Forecast & Others)
By Farming Environment (Indoor Farming & Outdoor Farming) and By Region” has evaluated the future growth potential of global agrobots market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global agrobots market.
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