Agricultural Robots Market Is Likely to Experience a Tremendous Growth by 2030

Agricultural Robots Market is valued around USD 6.16 Billion in 2019 and expected to reach USD 35.52 Billion by 2030 with the CAGR of 17.10% over the forecast period.

Agricultural robots are used in the agricultural fields for the agricultural application to reduce human efforts as well as enhance the production. These robots serve variety of applications such as irrigation, harvesting, soil analysis, weed control and many more. These robots reduce the cost of production with enhanced productivity, developing technology further contribute the market growth.

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Global Agricultural Robots Market report is segmented on the basis of type, offering, application and by regional. Based upon type, the agricultural robots market is fragmented into Driverless Tractors, Unmanned Aerial Vehicles (UAVS), Milking Robots, Automated Harvest Robots, Material Management, and Others. Based on offering, the market is fragmented into software, hardware, and services. On the basis of application, the market is divided into dairy management, irrigation management, harvest management, soil management, inventory management, and others. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.

The agricultural robots market is mainly driven by the constant development in technology along with the surge in the demand for food owing to the rapid population growth. Rising demand for reduction in labor along with improved efficiency as well as increased awareness among farmers are expected to support market growth. In addition, growth in government initiatives & subsidies to promote the agricultural activities likely to further propel the market growth. Moreover, growing automation along with integration of new technology such as artificial intelligence is also expected to further enhance the robots efficiency. However, high installation cost followed by lack of proper internet connectivity services in remotes area inhibits the market growth. On the contrary, surge in research & development activities led to the innovation of new & advanced agricultural robots can create lucrative opportunities.

The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of advanced infrastructure along with technological advancement in the region. Moreover, Asia Pacific is expected to dominate the agricultural robots market in terms of growth rate owing to the wide applications of agribots along with surge in government initiatives & subsidies. Moreover, presence of developing economies with huge agricultural industry as well as increased awareness among farmers is aloes likely to enhance the market growth.

The major market players profiled in the agricultural robots market includes Agrobot, Blue River Technology, AGCO Corporation, Naio Technologies, Deere & Company, Agribotix LLC, Lely Industries, Trimble, Precision Hawk, Harvest Automation, AG Eagle LLC, and IBM among others.

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