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The global Agricultural Robots market is anticipated to reach around USD 19,378.5 million by 2026 according to new research published by Polaris Market Research. In 2017, the milking robots segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market in 2017.
There has been an increasing adoption of agricultural robots across the world owing to the growing agricultural industry, and high demand for food crops. The growing population and increasing automation of farm operations further support the Agricultural Robots market growth. The global agricultural robots market is driven by the increasing need to improve the quality of crops produced, maximize crop production, and enhance productivity. Other factors driving the growth of this market include growth in the global agricultural industry, reducing the availability of labor, and increasing labor costs. The increasing need of agricultural robots in farming, dairy production, and green plantation operations has created the need to develop new innovative products for diversified application areas in these sectors. However, high initial investment restricts the growth of the agricultural robots market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities during the forecast period.
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The leading players in the Agricultural Robots market are introducing advanced products to cater to the growing demand of consumers. Agrobot SW 6010 is a harvester robot used for fruit picking and sorting. The Hortibot is a self-propelled robotic system, which works in coordination with a global positioning system (GPS) system and can be managed by a smartphone application. It has the capability to recognize and cut 25 various types of weeds. Asterix Project, a robot by Adigo is used for spraying herbicides in fields.
The North America Agricultural Robots Market generated the highest revenue in the market in 2017. The increasing population and growing demand for high-quality crops drive the growth of this market. The growing cost of labor and increasing automation in agricultural practices further support market growth. Increasing investments and subsidies in the agriculture sector by governments are expected to boost the adoption of robots for increased productivity in farms. Increasing need to improve food quality and productivity along with increased industrialization and automation of farming equipment further supplements the growth of the Agricultural Robots Market.
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The different types of agricultural robots include milking robots, harvesting robots, drones, driverless tractors, and others. In 2017, milking robots accounted for the largest share in the global market. Milking robots are used as an automated milking system in the dairy sector. Lely Astronaut A4 milking machine by Lely is one of the popular products available in the market for milking applications. An innovative product available in this category is Voyager robotic fencer, which is developed by Lely. This robot is used as an automated grazing control system for dairy cows.
The leading companies profiled in the Agricultural Robots Market report include AG Leader Technology, AGCO Corporation, Harvest Automation, Inc., Drone Deploy, Agribotix LLC, Deere & Company, Boumatic Robotics, B.V., Topcon Positioning Systems, Inc., Autonomous Solutions, Inc., GEA Group, CLAAS KGaA mbH, and CNH Industrial. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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About Us: Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.
The post Agricultural Robots Market Size & Share Estimated to Reach USD 19,378.5 Million By 2026: Polaris Market Research first appeared on News Tech Zone.
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