The Agricultural Robotics Market report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Agricultural Robotics Market. It provides a comprehensive evaluation of the global Agricultural Robotics Market from various perspectives to deliver a detailed, informative, and precise analysis of regional growth, competition, and market segmentation, among other factors. Moreover, it also gives an accurate account of the significant breakthroughs and developments that influence the global Agricultural Robotics Market. It also focuses on both the global as well as the regional expansion of the Agricultural Robotics industry to give an overall analysis.
The global Agricultural Robotics (AR) market size was USD 4.81 Billion in 2021 and is expected to register a revenue CAGR of 19.3% during the forecast period. Need to automate repetitive and slow tasks for farmers and rising focus on increasing global crop, vegetable, and fruit yields are some key factors driving agricultural robotics market revenue growth. Automation is being encouraged by a growing population and declining availability of farmworkers, which is driving revenue growth of the market. Increasing global population is driving steady food demand and agricultural robots and can help mitigate worker and labor shortage.
A shortfall in labor force is a key factor expected to support revenue growth of the global agricultural robotics market going ahead. Younger populations are less likely to engage in agricultural sectors for better career options and objectives. This is leading to decreased availability of manual labor and increased demand and employment for agricultural robots. Furthermore, increasing labor wages due to inflation is opening up prospects for robots and automation over the forecast period. According to Farm Labor Survey (FLS), in the past five years, farm wages grew by 2.9% per year. This is encouraging farmers to adopt AR as many devices are more cost-effective and dependable than human labor and AR also reduces rate of errors.
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Market Scope: The report explains the scope of various commercial possibilities in the global Agricultural Robotics market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Agricultural Robotics market.
The leading market contenders listed in the report are:
Deere & Company, Trimble Inc, AGCO Corporation, Lely Industries N.V., AgEagle Aerial Systems Inc., Agribotix LLC, AGROBOT, Harvest Automation, Naio Technologies, and IBM Corporation
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Segments Covered in this report are:
- Type Outlook (Revenue, USD Billion; 2019–2030)
- Milking Robots
- Unmanned Aerial Vehicles (UAVs) / Drones
- Driverless Tractors
- Automated Harvesting System
- Others
- Farming Environment Outlook (Revenue, USD Billion; 2019–2030)
- Indoor
- Outdoor
- Farm Produce Outlook (Revenue, USD Billion; 2019–2030)
- Field Crops
- Fruits and Vegetables
- Dairy and Livestock
- Others
The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the Agricultural Robotics Market report is an exhaustive database that will help readers formulate lucrative strategies. The Agricultural Robotics Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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