Agricultural Robots Market
According to a new report published by Allied Market Research, titled, Agricultural Robots Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global agricultural robots market was valued at $2,927 million in 2016, and is expected to reach $11,050 million by 2023, registering a CAGR of 21% from 2017 to 2023. Asia-Pacific is expected to exhibit high potential, owing to the growth in the agricultural industry as a resultant of exponential increase in demand for food production.
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Technological evolution has had an extensive impact on various industries such as packaging, food & beverage, healthcare, agriculture, and construction. With the continuous demographic surge, consumers demand for food is rapidly increasing. This has led to gradual adoption of technological solutions to catalyze the agricultural productivity by the agricultural industry.
Agricultural robots are gaining traction among the farmers, owing to the need for producing food products effectively and ensuring sustainability. These robots are deployed to speed the farming processes with minimal human interventions. Various agricultural robots are programmed to perform different farming processes such as field farming, dairy farming, seed sorting, soil management, and others. High requirement for modernized and sustainable farming processes to produce faster yields is expected to drive the global agricultural robots market over the forecast period.
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Key Segments
The global agricultural robots market is segmented on the basis of type, application, and geography.
On the basis of type, the global agricultural robots market is classified into driverless tractors, unmanned aerial vehicles (UAVs), milking robots, automated harvest robots, material management, and others (animal management and forest management).
Based on application, the global agricultural robots market is divided into dairy management, irrigation management, harvest management, soil management, inventory management, and others (field mapping and pruning management).
Geographically, the global agricultural robots market trends is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
Key Players
The key players operating in the global agricultural robots market are DeLaval, GEA Group, Autonomous Tractor Corporation, AGCO, Lely, Autonomous Solutions Inc., Harvest Automation, John Deere, Clearpath Robotics, and Deepfield Robotics.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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