Global Agriculture Drones and Robots Market to Reach $23.06 Billion by 2028

14 May 2019
Global Agriculture Drones and Robots Market

According to a new market intelligence report by BIS Research, titled Global Agriculture Drones and Robots Market - Analysis and Forecast, 2018-2028, the global market for agriculture drones and robots is expected to grow from $2.53 billion in 2018 to $23.06 billion by 2028. The market is expected to witness a CAGR of 24.76% from 2018 to 2028.

 

Owing to increasing need to use site-specific farming, reducing number of workforces across the world, and variable application of raw materials are some of the factors that are responsible for boosting the growth of the market.

 

The growing usage of agricultural drones and robots is propelled by the increasing applications in areas, such as indoor farming, livestock monitoring and management, aquaculture, precision crop farming, forestry, and orchards, among others.

 

The agriculture industry is anticipated to witness the most extensive implementation of drones in the next ten years. Currently, companies from North America and Europe are lead the market in terms of integrated drone solutions prompted by a trend of market consolidation in those regions. However, it is China that is one of the leading manufacturers of drone hardware, globally.

 

Report Highlights:

  • Milking robots held approximately 83% share of the total agriculture robots market in 2018.
  • Picking robots amongst the robot types have gained the maximum growth due to the increase in indoor farms.
  • The Agriculture Robot-as-a-Service (ARaaS) business model is expected to create a massive disruption in the agricultural robots market.

To read complete press release - https://www.prnewswire.com/news-releases/global-agriculture-drones-and-robots-market-to-reach-23-06-billion-by-2028--300845088.html

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