Time and again we are confronted with the news of increasing global population and how food sufficiency will be a tough target to achieve in the coming years. Nations and associations have worked on several solution to this huge problem and several of these solutions are being applied, use of agricultural robots is one of them. Agricultural robots have been in the industry for quite a few years now and they are taking on manual labor effectively. It started with automated tractors and now it is a billion dollar industry. Now with changing political and economic dynamics, the need of robotics in agriculture seems a viable option. For example, with Brexit looming ahead, Britain fears a drain of cheap agricultural labor, and hence, the British government is leaning towards robots to replace the manual labor.
Although the agricultural robots are a part of the solution, the industry still requires investment from large machinery manufacturers for development of the technology and the researchers are keenly urging on this point. The constantly changing political scenario nowadays has disrupted the market of various industries worldwide and with ban on immigration in America, from selected countries, farmers in the country are looking for solutions to their labor woes. Agricultural robots are the clear answer, as they are suitable for semi-skilled and repetitive tasks.
BIS Research has acknowledged the dynamic nature of the global agricultural robots market and has compiled a report after thorough analysis of the market, titled ‘Global Agricultural Robots Market, Analysis & Forecast, 2016-2022’. The report has emphasised the focus on major applications and system components. According to the analyst at BIS Research, “Owing to the emerging need of ensuring food sufficiency for the growing global population, a relative decline in the agricultural workforce, and increase in the adoption of precision agriculture techniques, the 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 2015 to 2022.”
The agricultural robots technology has been instrumental in increasing the productivity and efficiency of the farmers and hence in addressing the key issues cropping up with the growing population. The report breaks down the agricultural robots market into different geographical areas, wherein the revenue generation has been tracked via different application type and system component type, to calculate the overall market size. According the analyst at BIS Research, “The market is dominated by North America due to the increasing per capita income, and increased mechanization. The Asia-Pacific (APAC) region is the second largest in this regard after North America and is expected to grow at the highest rate of 15% from 2015 to 2022 due to the growing population and rapid urbanization in most of the countries of the APAC.”
This report gives an insight into the major factors affecting and driving the market, with a detailed analysis of key market players. The report puts special emphasis on the market share in terms of both value and volume, of the application and function types in agricultural robots market, owing to the increasing adoption of robots in agricultural activities.