Agricultural Robots Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Nov 02, 2017, 19:58 ET

LONDON, Nov. 2, 2017 /PRNewswire/ -- Agricultural Robots Market by Type (Driverless Tractors, Unmanned Aerial Vehicles (UAVs), Milking Robots, Automated Harvest Robots, Material Management, and Others), and by Application (Dairy Management, Irrigation Management, Harvest Management, Soil Management, Inventory Management, and Others - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Agricultural robots are gaining high adoption in the agricultural industry as they provide efficient and sustainable methods for producing higher agricultural yields. Agricultural robots are deployed to eliminate the human interferences and farming complications faced by the farmers. The global agricultural robots market is estimated to account for a market revenue of $2,927 million in 2016 and is expected to reach to $11,050 million in 2023.

The global agricultural robots market is driven by the large number of agricultural technology companies developing, experimenting, piloting, and launching an expansive range of robotic systems programmed for various agricultural purposes. Other factors that contribute to the growth include increase in population, rise in demand for food supply, high popularity of indoor farming, frequent climate variations, and growth in adoption of automation technology. However, limited awareness about agricultural robots among farmers and inability of the robots to match to human-like dexterity hamper the market growth. The global agricultural robots market has potential opportunities of transforming into a digital farming with the adoption of telematic sensor enabled robots. The robotic systems are expected to help the agriculture industry gain improved decision-making solutions on various farming processes.

The global agricultural robots market is segmented on the basis of type, application, and geography. On the basis of type, global agricultural robots market is classified into driverless tractors, unmanned aerial vehicles (UAVs), milking robots, automated harvest robots, material management, and others (animal management and forest management). Based on application, global agricultural robots market is divided into dairy management, irrigation management, harvest management, soil management, inventory management, and others (field mapping and pruning management). Geographically, the global agricultural robots market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.

The key players operating in the global agricultural robots market are DeLaval, GEA Group, Autonomous Tractor Corporation, AGCO, Lely, Autonomous Solutions Inc., Harvest Automation, John Deere, Clearpath Robotics, and Deepfield Robotics.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global agricultural robots industry and current & future trends to elucidate the imminent investment pockets.Information about key drivers, restrains, and opportunities and their impact analysis on the market is provided.Porter's Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.The quantitative analysis of the global agricultural robots market from 2017 to 2023 is provided to determine the market potential.

KEY MARKET SEGMENTS

By Type

Driverless TractorsUnmanned Aerial Vehicles (UAVs)Milking RobotsAutomated Harvest RobotsMaterial ManagementOthers (Animal Management and Forest Management).

By Application

Dairy Management

Irrigation Management

Harvest Management

Soil Management

Inventory Management

Others (Field Mapping and Pruning Management)

By Geography

North AmericaU.S.CanadaMexicoEuropeUKGermanyFranceItalyRest of EuropeAsia-PacificChinaJapanIndiaRest of Asia-PacificLAMEALatin AmericaMiddle EastAfrica

Key Market Players

AGCO

Autonomous Solutions Inc.

Autonomous Tractor corporation

Clearpath Robotics

Deepfield Robotics

DeLaval

GEA Group

Harvest Automation

John Deere

Lely

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