Update On The Rapidly Growing Agricultural Robots Market 2023 | DeLaval, GEA Group, Autonomous Tractor Corporation, AGCO, Lely, Autonomous Solutions Inc., Harvest Automation, John Deere, Clearpath Robotics

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.

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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.

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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 MARKET SEGMENTS

By Type

Driverless Tractors
Unmanned Aerial Vehicles (UAVs)
Milking Robots
Automated Harvest Robots
Material Management
Others (Animal Management and Forest Management).

By Application

Dairy Management
Irrigation Management
Harvest Management
Soil Management
Inventory Management
Others (Field Mapping and Pruning Management)

Key Findings of the Agricultural Robots Market:
• The dairy management application accounted for a market share of 29.13% in 2016, and is expected to exhibit a CAGR of 22.1% during the forecast period.
• Among the type segment, the driverless tractors are expected to witness the highest CAGR as compared to other types.
• North America was the highest revenue contributor with around 37.04% share in 2016, and is projected to reach $3,602 million by 2023, growing at a CAGR of 18.8%.

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This release was published on openPR.