Global Agricultural Robots Market - Market Research 2015-2019
- Published: Sep 2015
- Pages: 52
- SKU: IRTNTR7022
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Overview of the global agricultural robots market
The rising industrialization in developing countries has led to the migration of labor from farming to industrial jobs. As a result, the increase in the average labor costs worldwide has shifted focus towards automation of farming activities in the recent years. The global agricultural robots market is expected to see increased growth at a CAGR of around 11% during the forecast period.
Developed nations, especially in the European Union and the US are investing huge amounts in developing advanced robots that can be used for commercial purposes. For instance, during 2013, the European Union launched the Horizon 2020 research and innovation framework program that was allocated a budget of nearly $109 billion for seven years. The integration of robots with drones and GPS systems will help in gathering accurate field data that can be used in the development of new crop varieties including genetically modified crops.
Segmentation of the global agricultural robots by application
- Livestock management
- Cattle feeding
- Wildlife conservation
In 2014, the livestock management segment dominated the agricultural robots market with a market share of around 77%. The necessity for productivity in dairy farm operations is the key driver for the growth of this segment.
Wildlife conservation robots are used to check illegal poaching of wild animals. They are also used in aerial surveillance and tracking of objects and animals within the forest. As wildlife awareness increases globally, this segment is expected to witness an increased growth in the use of robots.
Segmentation of the global agricultural robots market by geography
EMEA is the dominant region in the agricultural robots market with the largest market share being contributed by the European countries. Europe is also the main consumer of cow milking machines and its demand from dairy farms is expected to surge during the forecast period.
The APAC region is predicted to grow at a rate of around 12% during the forecast period. The overhauling of farming models especially in countries like China, where nearly 45% of the population depends on the agricultural sector, will drive the growth of the agricultural robots market in this region.
Leading vendors in the agricultural robots market
The necessity to increase the agricultural productivity from farms with the use of modern technology and farm equipment has amplified the demand for agricultural robots. Vendors in the market along with research institutes are investing in developing commercially viable and customized robots. International players in the market are anticipated to grow inorganically as a result of mergers and acquisitions during the forecast period.
The top three leading vendors in the market are:
Other prominent vendors in the market include AB Electrolux, Agrobot, Blue River, BouMatic Robotics, Fullwood, GEA, GeckoSystems, Harvest Automation, and SAC.
Key questions answered in the report include
- What are the key factors driving the global agricultural robots market?
- What are the key market trends impacting the growth of the global agricultural robots market?
- What are the various opportunities and threats faced by the vendors in the global agricultural robots market?
- Growth forecast for the key segments of the global agricultural robots market?
- Trending factors influencing the market shares of Americas, EMEA, and APAC?
- What are the key outcomes of the five forces analysis of the global agricultural robots market?
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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