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At 20+% CAGR, Agricultural Robots Market Potentially Worth $12.80 Billion by 2022 Led by Automated Harvesting Application

The agricultural robots market is forecast to reach $12.80 billion by 2022 from $2.75 billion in 2016 at a CAGR of 20.71% during (2017-2022) driven by the increasing focus on farm efficiency & productivity, increasing global demand for food and adoption o

PUNE, India, March 19, 2017 /PRNewswire-iReach/ -- The agricultural robots market in Asia-Pacific expected to grow at the highest rate between 2017 and 2022. Asia-Pacific (APAC) is one of the bright prospective markets in agricultural robots. APAC has large farmlands and a high population growth rate. APAC has a huge regional spread, which comprises countries such as China, Japan, India, Australia, South Korea, and Rest of APAC. Complete report on "Agricultural Robots Market" spread across 203 pages, profiling 12 companies and supported with 79 tables and 79 figures is now available at http://www.rnrmarketresearch.com/agricultural-robots-market-by-type-uavs-milking-robots-harvesting-systems-driverless-tractors-offering-hardware-automation-control-system-sensor-monitoring-device-software-services-application-and-g-st-to-2022-market-report.html .

The agricultural robots market in APAC is in its initial stages of adoption and expected to grow with a double-digit rate between 2017 and 2022. In APAC, specifically India, Australia, China, and Japan, currently have the highest growth rate and highest share in the agricultural robots market.

Agricultural robot involves technology-driven information analysis of data acquired from the field and application of input as per the data analysis for increasing crop productivity. Agricultural robot has revolutionized the method employed for crop production in the agriculture farm. People across the world would adopt robots for agricultural purposes at an increasing rate. The major restraining factor for the agricultural robots market is the high initial investment and the lack of technical awareness among farmers.

The automated harvesting application held the largest share of the agricultural robots market in 2016. Harvesting is the most widely used application in agricultural robots as it plays a vital role in understanding field variability and helps farmers in maximizing their yields. Increasing labor cost is motivating farm owners to adopt automated harvesting system. Automated harvesting management held the largest market share among all applications due to the high adoption rate of harvesting robots.

This research study is obliging for following audience:

  1. Satellite service providers
  2. Component suppliers
  3. Semiconductor component and device manufacturers
  4. Original equipment manufacturers (OEMs)
  5. Product manufacturers
  6. Component and device suppliers and distributors
  7. Software, service, and technology providers
  8. Standardization and testing firms
  9. Government bodies such as regulatory authorities and policymakers
  10. Associations, organizations, forums, and alliances related to semiconductor and automotive industries
  11. Research institutes and organizations
  12. Market research and consulting firms
  13. Agricultural equipment buyers

The key players in the agricultural robots market profiled in the report are Deere & Company (U.S.), Trimble, Inc. (U.S.), AGCO Corporation (U.S.), DJI (China), BouMatic Robotics, B.V. (Netherlands), AgJunction, Inc. (U.S.), AG Leader Technology (U.S.), AG Eagle LLC (U.S.), Topcon Positioning Systems, Inc. (U.S.), Lely Holding S.A.R.L. (Netherlands), Agribotix LLC (U.S.) and AutoCopter Corp (U.S.). Companies that provide a range of customized solutions to customers are expected to emerge as the game changers.Download PDF Brochure "Agricultural Robots Market by Type (UAVs, Milking Robots, Harvesting Systems, Driverless Tractors), Offering (Hardware-Automation & Control System, Sensor & Monitoring Device; Software; Services), Application, and Geography - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=924304 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (75%) and Managers (25%) from various key organizations operating in the agricultural robots market. The primary interviews were conducted worldwide covering regions such as Americas (40%), Europe (30%), APAC (20%) and Row (10%).

Research Coverage: This report covers the agricultural robots market based on offering, type, application, and geography. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations associated with the agricultural robots market.

On a related note, another research titled Agriculture Drones Market Global Forecast to 2022 says, the agriculture drones market is at its growth phase; it is expected to reach USD 4,209.2 million by 2022, growing at a CAGR of 30.19%. Field mapping application is expected to capture the largest share of the agriculture drones market during the forecast period. North America is a major market for agriculture drones. Companies such as 3DR (U.S.), Trimble Navigation Ltd. (U.S.), DroneDeploy (U.S.), AgEagle LLC (U.S.), Agribotix LLC (U.S.), AutoCopter Corp. (U.S.), Delair-Tech (France), DJI (China), Eagle UAV Services (U.S.), HoneyComb Corporation (U.S.), PrecisionHawk (U.S.), Parrot SA (France), Yamaha Motor (Australia), AeroVironment, Inc. (U.S.), and URSULA Agriculture (U.K.) have been profiled in this 164 pages research report available at http://www.rnrmarketresearch.com/agriculture-drones-market-by-type-fixed-wing-rotary-blade-hybrid-data-analytics-software-imaging-software-application-field-mapping-vra-crop-scouting-livestock-crop-spraying-component-and-geography-g-st-to-2022-market-report.html .

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