Technological advancements, decreasing number of farm workers, and high efficiency of agricultural robots to fuel market growth
Agriculture has been the back bone of the global economy over centuries and has contributed approximately 1/3rd to the global GDP in recent years. However, with rising urbanization, rural or farm working population has witnessed significant migration towards urban center, thereby creating crisis on a global scale. Along with this, rise in population has put the agriculture industry under tremendous pressure. This has created an opportunity and has led to the adoption of advanced technology in the field of agriculture. Agricultural robots are widely being used on a niche scale for nursery planting, crop seeding, crop monitoring & analysis, fertilizing & irrigation, crop weeding & spraying, milking, and picking & harvesting applications. With advancement in technology, the agricultural robots are anticipated to emerge as a basic component of farming over coming decade.
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Unmanned Aerial Vehicles (UAVs) to emerge as a basic tool for Modern Agriculture
The agricultural robots market study is segmented based on component, type, farming environment, produce type, application, and geography. Based on type, the global agricultural robot market is segmented into unmanned aerial vehicles (fixed wing, rotary blade, & hybrid), milking robots, driverless tractors, automated harvesting systems, and other. The unmanned aerial vehicles (UAVs) accounted for a largest share of the market in 2018 owing to high penetration & adoption across the globe.
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Major players operating in the global agricultural robot market include AGCO Corporation, AgEagle Aerial Systems Inc., Agrobot, Blue River Technology, Deere & Company, Harvest Automation, IBM, Lely, Naïo Technologies, Precision Hawk, and Trimble Inc.All Rights Reserved