As the world is moving towards automation in various industries, the agricultural sector is thriving to keep pace with this trend in the coming future. Increasing incidences of famine and draught, most recently in Somalia, and escalating issues of food security has posed a dilemma for the governments and associations all over the world. Abnormal weather patterns have thrown the agricultural economy into a whirlwind and has posed a threat to food security in several countries. Agriculture industry is one of the most important part of a country’s economy, and now the face of the industry is gradually changing as the farmers are incorporating robots in their operations. Agricultural robots have found their way in the market as a means to increase productivity.
It has been a while since driverless tractors were introduced in the agriculture industry, and now agricultural robots have emerged as a game changer in the new millennium. This emerging technology has provided the agricultural industry with flexible machines for competitive and repetitive tasks, to minimise manual labor and increase precision and productivity. The global agricultural robots market is expected to grow at a CAGR of 12.2% in terms of market value and 16.4% in terms of market volume through 2016 to 2022.
The agricultural robotic system is a complex form of machinery with different application and function types, vis a vis harvesting & navigation, planting, thinning & weeding, livestock management, and others including data collection, inspection and management. Population has increased but the agricultural workforce is decreasing because of the rising degree of migration to urban areas. Due to these factors the demand of automation in the agriculture sector has increased along with the rise in the adoption of precision farming.
The global agricultural robots market is categorized by types of application and functions. Harvesting and navigation applications of agricultural robots leads the market at present. However the livestock management application is estimated to grow at the highest CAGR in the coming years, because of the proficiency of livestock management robots to both manage and record data of the livestock simultaneously, without compromising on the quality of work. The agricultural robot is an integrated hardware and software machinery, both of which are necessary to ensure effective and efficient agricultural operations. The hardware components are costly, yet they are leading the market and are expected to grow substantially by 2022. However, software is expected to grow at the highest rate between 2016 and 2022, owing to the constant advancement in the software.
The landscape of the global agriculture robots market is quite competitive which has made the key players engage in various strategies such as partnerships, collaborations for their business expansion. FANUC Corporation, Kuka AG, Lely, Yaskawa International and ABB Robotics were the most prominent names that surfaced in 2015 in the market as a result of a range of mergers and acquisitions, and entered into various partnerships and collaborations.
Geographically, the agricultural robots market is dominated by North America, followed by the Asia Pacific region, which is expected to grow at the highest rate of 15% by 2022. BIS Research has conducted an extensive market research on ‘Global Agricultural Robots Market- Analysis and Forecast (2016-2022)’. The market analysis report aims to provide an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which includes drivers, restraints and opportunities prevailing in the industry.
For further queries, please write to us at [email protected] or call us at: +1 650 228 0182.