Agriculture Robots Market Trends, Demand, Revenue Forecast, Industry Size, Share, Opportunities, Challenges and Impact of COVID
Research Reports
Apr 04, 2022
Global Agriculture Robots Market Overview
The Agriculture Robots Market is projected to grow at a CAGR of 29.44% during the forecast period. As per the agriculture robots market research report, the global market for agriculture robots is projected to grow swiftly by US$27.32 billion by 2026. According to analysts, advancements in artificial intelligence (AI) as well as adoption of robots for indoor farming will drive the market growth during the forecast period.
The agriculture robots market research report offers a comprehensive analysis of the global agriculture robots market and its application, farm produce, farm type, region, and robot type segments. The high investment demands along with low levels of awareness among farmers are the elements that could influence the agriculture robots market advancement throughout the forecast period. The agriculture robots market research report by expert analysts is developed to assist organizations in the agriculture robots market.
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Market Segmentation
The global agriculture robots market has been segmented based on application, farm produce, farm type, region, and robot type.
On the basis of application, the market for agriculture robots is segmented based on dairy & livestock management, harvest management, inventory management, irrigation management, field farming, and others. Additionally, the market on the basis of farm produce, is segmented into dairy & livestock, field crops, fruits & vegetables, and others. The global market for agriculture robots is also covered based on the farm type segment which is further split into indoor & outdoor.
On the basis of robot type, the market for agriculture robots is segmented based on automated harvesting systems, driverless tractors, milking robots, UAV, and others.
Major elements such as complex machines could obstruct the agriculture robots market growth. However, according to the agriculture robots market research report, increasing population along with easy access to machine location data will propel growth throughout the forecast period. The agriculture robots market is set to register growth at a high CAGR owing to these key factors.
The exploration of application, farm produce, farm type, region, and robot type segments along with regional markets has been given in the global agriculture robots market research report. The research analysts studying the agriculture robots market have put out market forecasts in the agriculture robots market research report in order to support agriculture robots market-based companies. The agriculture robots market research report provides an extensive understanding of the agriculture robots market based on the information and forecasts till 2026.
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Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for agriculture robots are predominantly covered in the global agriculture robots market research report. Country-level agriculture robots markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level agriculture robots markets are covered in the report. In Asia-Pacific (APAC) region, the country-level agriculture robots markets covered are Japan, India, China, and others. The agriculture robots market research report also explores the regional market for agriculture robots present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The agriculture robots market research report also covers regional markets from the rest of the world alongside agriculture robots markets of Africa and the Middle East.
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Competitive Landscape
New product development, mergers and acquisitions are presumed to drive the agriculture robots market growth worldwide. The global agriculture robots market could be challenged by budget constraints among farmers in developing countries, nevertheless, organizations in the agriculture robots market will carry the growth rate forward. The agriculture robots market research report presents company profiles of major companies active in the agriculture robots market globally. Furthermore, the global agriculture robots market report offers an all-inclusive analysis of the market collected from the agriculture robots market’s primary and secondary sources covering both decision makers and thought leaders. The agriculture robots market research report highlights such key areas assisting businesses operating in the agriculture robots market to build better growth strategies.
Industry News
Tevel Aerobotics Technologies has announced this week that it has raised $20 million for its technology, developing flying fruit-catching robots to offer autonomous on-demand harvest. Maverick Ventures Israel, OurCrowd, AgFunder, and Asian agricultural equipment manufacturers, Kubota and Forbon, are among the investors in this round. This takes the overall financing of the organization to $33.9 million and the Israeli Innovation Authority grant of $2.5 million.
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