Press Releases
 
Agriculture Robots Market Key Players, Growth, Analysis, 2016 – 2024

United States, 11 December 2017 -- Agriculture Robots Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

The global agriculture robots market features a widely diverse competitive landscape characterized by region-wise dominance of prominent players, notes Transparency Market Research (TMR). For instance, the agriculture robots market in North America was dominated Harvest Automation, Inc., Clearpath Robotics, and PrecisionHawk, Inc., in 2015, while in the same year, Naio Technologies and SenseFly SA led the Europe market. In addition, Shibuya Seiki was one of the leading players in the Asia Pacific market for agriculture robots in 2015. Furthermore, driven by abundant lucrative avenues, the market is witnessing a constant influx of emerging players focused to transform agriculture with a variety of robotics and autonomous solutions in farming, observes TMR.

Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14573

The competition among players is expected to intensify in the coming years. With the advent of specific farming needs in a number of emerging and advanced economies, the agriculture robots market is expected to witness the entry of new players with cutting-edge data technology solutions for automated machines. The global agriculture robots market estimated valuation was US$1.01 bn at the end of 2016, in terms of revenue. Expanding at an impressive CAGR of 24.1% from 2016 to 2024, the market is projected to reach US$5.7 bn by the end of forecast period.

Regionally, the global agriculture robots market was led by North America till 2015. The dominance of the regional market was attributed to a number of early adopters and the rapid pace of technological development in farming. Meanwhile emerging regional markets such as as that of Asia Pacific is predicted to grow at a substantial CAGR during the forecast period. The major application segments of the agriculture robots market comprise field farming, dairy management, indoor farming, and horticulture. Of these, the adoption of agriculture robots in dairy farming and horticulture is anticipated to boost major regional markets.

Dwindling Workforce in Urban Farming to Bolster Demand

World over, the rapidly rising demand for food is intensifying the need for improving farm productivity on the existing agriculture lands by boosting yield and enhancing productivity. The almost stagnant increase in the agriculture lands available in several countries has mounted pressures on the agriculture sector to maintain a constant food supply of food for a burgeoning population. In addition, the need for supporting a dwindling farming workforce in several urban areas across economies has propelled the demand for agriculture robots.

In a number of developed economies, such as the U.S., a shifting demographics has led to fewer chunk of younger population in farming. This has negatively affected the agriculture sector, catalyzing the demand for automation and robotics solutions in these regions. The need for reducing the use of chemicals by optimizing jobs such as spraying, pick-and-place, and weeding has propelled the demand for agriculture robots. Furthermore, the decline in available workforce for potentially dangerous farming jobs, particularly weeding lettuce, has bolstered the uptake of agriculture robots to complement human labor in these areas.

The accelerating demand for automation to routine farming tasks to make them more productive and curtailing investment in buying expensive machinery are crucial factors boosting the market. This has also led to the demand for agriculture robots, such as driverless tractors, for a variety of specialized tasks including grapevine pruning, strawberry picking, and cow-milking.

Rising Adoption of Telematics Sensors Open up Promising Market Opportunities

However, the high investment required in installing agriculture robots and the exorbitant cost of their maintenance and upkeep is a crucial factor likely to hinder the market to an extent. Coupled with this, the integration of these robots with advanced sensor technologies has amplified the cost, thereby limiting their uptake among farmers in cost-sensitive nations. Be that as it may, the growing popularity of farm-bots in precision agriculture to improve harvest in commercial as well as residential farming is expected to accentuate the global market. There is rising adoption of agriculture robots in regulating the pesticide use and ascertaining the overall health of crops.

The growing adoption of telematics sensors has boosted the functional performance of driverless tractors, thereby making them more useful and employable among farmers, especially in developed economies. This is predicted to open lucrative growth avenues for several market players to capitalize on in the forthcoming years.

# # #


Submitted by amyjames on Monday, 11 December 2017 at 2:21 PM
Category: Science & Research
 
Related News

Energy Efficient Lighting Technology Market attain a value of US$300 bn by 2025
Thursday, 19 Jul 2018

Mining Hoses Market Efforts to Revitalize Mining Industry Stokes Growth
Thursday, 19 Jul 2018

Product Lifecycle Management Market – From Research and Innovation to Deployment
Thursday, 19 Jul 2018

Telecom API Market expected to reach US$97.06 bn and US$323.44 bn
Thursday, 19 Jul 2018

eDiscovery Market Expanding at CAGR of 16.20% between 2014 and 2022
Thursday, 19 Jul 2018

Related Events

Disruptive Sustainability Technologies Conference
Thursday, 23 Aug 2018

International SAP Conference for Building Materials, Prague, 2018
Tuesday, 16 Oct 2018

Future Armoured Vehicles Survivability 2018
Tuesday, 13 Nov 2018

Latest News

Affordable Housing Options In Ft Hood
Monday, 23 Jul 2018

Gourmet Salts Market Is Likely To Reach US$ 1,787.0 Mn By 2023
Monday, 23 Jul 2018

Study of Gene Expression to Boost Small Animal Imaging Market
Monday, 23 Jul 2018

Cheap Costco Australia – Shop Catalogue Online
Monday, 23 Jul 2018

Clipso plafond - Benefits of plastic ceiling
Monday, 23 Jul 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Monday, 23 July 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Update in Orthpaedic Surgery Conference July 22-26, 2018 Grand Wailea, Maui
  • Echocardiographic Symposium at Vail
  • Imaging in Hawaii
  • Advancing Computational Building Design
  • LEAP HR: Life Sciences Conference, Boston 2018

  • Latest Jobs
    Sorry, there are currently no entries posted here.