Global Agricultural Robots Market (2018-2023): Set to Expand at a CAGR of 21.1% - ResearchAndMarkets.com

October 12, 2018

DUBLIN--(BUSINESS WIRE)--Oct 12, 2018--The “Global Agricultural Robots Market Size, Share - Segmented by Type, Application, Offering, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The market is valued at USD 3.42 billion in 2017 and is expected to register a CAGR of 21.1%.The shortage of people working on farms is growing chronic everywhere. In the Asia Pacific, especially in Japan alone, the number of people working in farms dropped from 2.2 million in 2004 to 1.7 million in 2014. Such a huge decline in the workforce of about 12.8% is also observed in the European agriculture sector.This decline for the workforce is observed due to lack of young people becoming farmers, finding it unattractive and skill shortages are encouraging farming automation technologies.Some of the major projects like GARotics (Green Asparagus Robotics Harvesting System), GRAPE (Ground Robot for vineyArd Monitoring and ProtEction), and MARS (Mobile Agricultural Robotic Swarms) were funded by the European Commission to replace the manual labor with automation technologies.In addition to this, several automations in agriculture were recorded like Hands-free hectare project in the UK, robot-based milking production in China, weed killing robots in Australia, owing to this robots in agriculture has a huge potential of traction in the near future.Milking robots are one of the most successful and important innovations in the dairy farming system. According to the International Federation of Robotics, Milking Robots occupy 85% share of field robots. The average sales of Milking Robots increased by about 9.4% between 2016 and 2017.Nearly 20,000 dairy farms have installed robots in Western Europe, Canada, US, China, and Japan. The factors like increased milking frequency and high labor flexibility are driving milking robots market.

Key Developments in the Market

A new generation of milking robot is unveiled by Lely Company, called Lely Astronaut5, with over 2 million milkings in more than 7 countries throughout the world.Naio Technologies unveiled two new robots named Ted and Bob, which are designed to tackle weeds in Vineyards.

Major Players Profiled

AgrobotBlue River TechnologyHarvest AutomationAGCO CorporationLely IndustriesNaio TechnologiesPrecision HawkDeere & CompanyAG Eagle LLCAgribotix LLCTrimbleIBM

Topics Covered

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Industry Analysis

5. Market Segmentation and Analysis

6. Agricultural Robots Market Competitive Landscape

7. Agricultural Robots Market Company Profiles

8. The Future of the Agricultural Robots Market

For more information about this report visit https://www.researchandmarkets.com/research/hnqkxf/global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181012005211/en/

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Related Topics:Robotics,Agricultural Machinery and Equipment



SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/12/2018 08:20 AM/DISC: 10/12/2018 08:20 AM


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