Competitive Landscape: What Are the Manufacturers Evolving In the Growth of the Agriculture Robot Market?

Agriculture is swiftly becoming an exciting high-tech industry, which is drawing new investors, new companies, and new professionals. As technology is advancing rapidly, it is also developing the production capabilities of farmers and advancing automation & robotics. Agriculture robot is thus proving to be the most useful machine in increasing production yields for farmers.

Agricultural robot market size is estimated to rise with a CAGR of 19.2% by generating a revenue of $16,640.4 million by 2026.

Agricultural robots are the machinery used in the agricultural farmland which can substitute the work of human labor and can perform the task faster and better than the human. These machines have all the ability that a worker can do and can operated in all the climatic conditions, restricted environment, used in farmland as well as animal farms.

For More Detail Insights, Download Sample Copy of the Report at: https://www.researchdive.com/download-sample/52

Augmented use of vertical farming, rise in the demand for the food supply and rising population are the main drivers for the agricultural robot market. As per the report of World Health Organization (WHO), it is being predicted that by 2050 the world population will increase up to 9.7 billion. With the rise in population, there will be a significant increase in demand for food supplies. The vertical faming is a technique which has been adopted by the farmers for the many benefits. This technology can yield maximum crop yield and can also be cultivated throughout the day with the use of LED lights.

Lack of adoption of the robots is considered to be one of the biggest constraints for the agricultural robot market. Due to lot of complex and complicated function, the use of machine is getting tough for the farmers to operate. If handled improperly, there will be a threat to the crop yield. Moreover, high cost of the robots is another factor which is projected to restrain the market growth over the projected period.

Depending on the type the market is segmented into Material Management, Automated Harvest Robots, Milking Robots, Unmanned Aerial Vehicles (UAVs), Driverless Tractors and Others. Unmanned aerial vehicles (UAVs) is considered to have the highest market growth. It is estimated to generate a revenue of $1,763.9 million by 2026 with a CAGR of 20.1% in the forecast period. With the use of aerial vehicles, the need of farmers in the agricultural field decreases, and many time-taking tasks can be completed in minimum time.

Depending on the application, the agricultural robot market is divided into Inventory Management, Soil Management, Harvest Management, Irrigation Management, Dairy Management and Others. Diary management is considered to be the most popular and most used application, as it finds a lot of applications in vertical farming. It is estimated to generate a revenue of $4,492.9 million by 2026, growing at a CAGR of 19.0% in the forecast period.

Connect With Analyst To Reveal How COVID-19 Impacting On Agriculture Robot Market: https://www.researchdive.com/connect-to-analyst/52

The North America is considered to be the dominant region utilizing the robotic farming techniques. North America agricultural robot market size is expected to rise at a CAGR of 18.9% by generating a revenue of $5,857.4 million by 2026. This region adopted the robotic farming in advance to other countries, and this will be a key factor driving the market growth. Moreover, the favorable initiatives taken by the governing bodies are expected to drive the agricultural robot industry.

Asia-Pacific is expected to grow at the fastest CAGR in compared to other regions. This revenue from this region will surpass $3,798.3 million by 2026, at a CAGR of 19.7%. Rapid increase of farming activities, coupled with the favorable initiatives taken by government are predicted to drive the Asia-Pacific market.

The major key players in the agricultural robot market are John Deere, GEA Group, Deepfield Robotics, Autonomous Tractor Corporation, AGCO, Autonomous Solutions Inc, DeLaval, Clearpath Robotics and LelyHarvest Automation among others.

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
Free : +1 -888-961-4454
Email: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive
Blog: https://www.researchdive.com/blog
Follow us on: https://covid-19-market-insights.blogspot.com

Growth Outlook: Healthcare Gamification Market Expand their Businesses with New Investments

Download FREE Sample The healthcare gamification market share is predicted to grow at a CAGR of 11.9% by generating a revenue of $47,281.5 Million by 2026. Gamification includes applying the techniques used in game, mechanics of game, and game style in non-gaming applications to engage the audience and make the dull task into more fun and engaging. Basically it is an application of elements in video games, which helps to solve the everyday problem and enables the user to change the behavior, develop skills and enable innovation in health care. The goal of the gamification is to change the behavior of the patient. The increase in the wearables and health & wellness app with gamification is the strong sign that the people are liking it. The increase in the usage of digitalization and the technology adoption are expected to drive the healthcare gamification market. Many companies are using the digital platform for the people to check their health data. For...

COVID-19 Impact: What Challenges Hand Sanitizer Market May See In Next 5 Years?

Inquire Here Before Purchase and Get FREE Sample The communal transmission of COVID-19 has created a significant impact on the hand sanitizer market growth, throughout the projected timeframe. The growth of the global hand sanitizer market is mainly driven by the rising concern about personal safety among the customers. Furthermore, the extensively growing prevalence of viral disorders globally is also creating a huge demand for hand sanitizers, in the review period. Though the businesses across the globe have strictly imposed lockdown in order to reduce the impact of the pandemic spread, the global hand sanitizer industry has shown exponential growth. The ventures involved with hand sanitizer production are adopting numerous strategic steps like product & technology advancements, strategic tie-ups. For example, in June 2020, Procter & Gamble (P&G), has made an announcement to launch of newly invented ‘safeguard sanitizer’. In addition, the enterpris...

What are the Left Atrial Appendage Closure Devices Market Key Insights and COVID-19 Business Impact?

Download FREE Sample Connect with Analyst The COVID-19 outbreak has significantly affected the global left atrial appendage closure devices market. As per American Heart Association, people having high blood pressure, heart valve disease and congenital heart diseases are expected to develop severe coronavirus symptoms. Also, this virus can generate heart strokes through weakening of muscles of the heart. These fators will boost the demand for left atrial appendage closure divices and surge the market growth during the pandemic. Furthermore, the leading manufactures in the global market are adopting various strategies such as product innovations and partnerships to increase their market share in the overall industry. For example, in July 2020, Boston Scientific Corporation announced that the “Watchman FLX left atrial appendage closure device” has been approved by U.S. Food and Drug Administration, which is used to minimize the threat of heart stroke in patients. The stroke r...

MyTrade-Insights

Search This Blog