Agricultural Robots Market Share, Size, Region, Key Players and Forecast Till 2024

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3. Report Description and Highlights Report Description Agricultural Robots Market Report By Product Type (Unmanned Aerial Vehicles/Drones, Milking Robots, Automated Harvesting Systems, Driverless Tractors and Others), Application (Field Farming, Dairy Farm Management, Animal Management, Soil Management, Crop Management and Others), Offering, Region Agricultural robots are one of the latest innovations in the agriculture industry. Agricultural robotics or agribots refers to the introduction of automation technologies into biosystems such as agriculture, forestry, and fisheries. Market Overview: According to the latest report by IMARC Group titled, “Agricultural Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 4.1 Billion 2018. Looking forward, the market is expected to reach a value of US$ 10.1 Billion by 2024, exhibiting a CAGR of around 16% during 2019-2024. These robots automate slow, dull and repetitive tasks which enable the farmers to focus more on improving the overall production yields. From robotic arms to drones and autonomous tractors, the technology is being employed in various innovative applications. Some of the robots in the agriculture industry are used for controlling weed, mowing, pruning, seeding, spraying and thinning autonomously, harvesting and picking, phenotyping, and sorting and packing.

4. Report Description and Highlights Report Description According to the UN, the world population will grow from 7.3 billion in 2016 to 9.7 billion in 2050. With this growing population, farmers need to produce more output sustainably with higher quality. This has encouraged the farmers to opt for agricultural robots to perform various agricultural activities with ease and minimal human intervention. Apart from this, many organizations are supporting research in computing and engineering that has enabled to develop agricultural robots. For instance, the US Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA) has introduced the joint National Robotics Initiative to research the development and use of collaborative robots that will help in long-term prosperity of the US agriculture industry. Besides, Europe has funded at least six projects concerning robotic farming. Global Agricultural Robots Market Drivers: With growing population, the demand for food is rising at a rapid pace worldwide. As a result, farmers are now shifting towards modern tools and equipment, such as agricultural robots, to increase their total productivity and generating more revenue. Further, governments around the world are offering subsidies and undertaking initiatives to propagate awareness about automated technologies among farmers. For instance, the European Union has funded projects, such as GRAPE and MARS, to replace labor-intensive tasks with advanced automated technologies. Moreover, several established and start-up agricultural companies are investing in research and development activities to introduce an innovative range of agricultural robots. On account of these factors, the market is projected to reach a value of US$ 10.1 Billion by 2024, growing at a CAGR of around 16% during 2019-2024.

5. Market Forecast Sample Figure: Global: Agricultural Robots Market Forecast: Sales Value (in Billion US$), 2019-2024

6. Market Segmentation Report Description • Agricultural Robots Market Segmentation: • Market Segmentation by Product Type • Unmanned Aerial Vehicles (UAVs)/Drones • Milking Robots • Automated Harvesting Systems • Driverless Tractors • Others • On the basis of products, the market has been segmented as unmanned aerial vehicles(UAVs)/drones, milking robots, automated harvesting system, driverless tractors and others. • Market Segmentation by Application • Field Farming • Dairy Farm Management • Animal Management • Soil Management • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1200&flag=B

7. Market Segmentation Report Description • Crop Management • Others • Based on application, the market has been segregated as Field Farming, Dairy Farm Management, Animal Management, Soil Management, Crop Management and Others. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. • Market Segmentation by Offering • For more information, click here: https://www.imarcgroup.com/agricultural-robots-market

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • Hardware • Software • Services • On the basis of offering, the market has been segmented as hardware, software and services. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Deere & Company • Trimble Inc. • Agco Corporation • Lely Holding S.À.R.L • AG Eagle LLC • Agribotix LLC • Agrobot • Harvest Automation • Naio Technologies • Precision Hawk • IBM

10. Market Segmentation Report Description • Agjunction, Inc. • DJI • Boumatic Robotics B.V. • AG Leader Technology • Topcon Positioning Systems, Inc. • Autocopter Corp • Auroras S.R.L. • Grownetics Inc. • Autonomous Tractor Corporation • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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14. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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