The global Agriculture Robot market is expected to increase from USD 1030.36 million in 2016, to USD 4,721.09 million in 2023, at a CAGR of 24.31% from 2017 to 2023. The overall Agriculture Robots market across the world is mainly driven by the increasing demand of food coupled with the focus on technological innovations such as precision farming to enhance the yield of crops. The years used for the assessment are as follows;
- Historical year : 2015
- Base year : 2016
- Forecast period : 2017 – 2023
The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
- Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources.
- Interacting with key opinion leaders of the market and developing data points based on interaction with them.
- Study of past trends in the market and their year on year Impact on the market size and share.
- Analyzing the collected data points.
- Bridging the data points to calculate the total Agriculture Robots market and it various segments.
- Anticipating potential risks.
- Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the Agriculture Robots market.
- Finalizing the overall size and share for the global Agriculture Robots market.
- To classify the global Agriculture Robots market into segments by type, region and analyze their growth prospects individually.
- To analyze market trends, opportunities, drivers and restraints associated with the Agriculture Robots market.
- Profiling key companies operating in the global Agriculture Robots market.
- To study market response with respect to the mergers and acquisitions in the industry.
The research scope for global agriculture robots market is as follows:
- Field Farming
- Dairy Management
- Indoor farming
- Unmanned Aerial Vehicle (UAV)
- Driverless Tractor
- Milking Robots
- Automated Harvesting Machines
- North America
- Middle East and Africa (MEA)
- South America
The Global Agriculture Robots market was valued at USD $ 1030.36 million in 2016, is expected to reach USD 4721.09 million by 2023, growing at a CAGR of 24.3% from 2017 to 2023. The key factors driving the growth of the global agriculture robots markets are increasing population, growing food consumption and decrease in agriculture labor. Technological advancement and shifting focus towards precision farming creates a business opportunity for investors to invest in the global agriculture robots market. The trend to deploy robots to monitor agriculture parameters is fast being adapted in the agriculture market. Moreover, technological advancement in robots helps farmers to manage agricultural produce in large scale. Furthermore, agriculture robots provides with an opportunity to develop a communicable robots system that will fully automate the agriculture system in near future.
In 2016, Driverless Tractor holds the major market share of the global agriculture robots market. Additionally, Field Farming is the largest segment of global agriculture robots market in 2016. Unmanned Aerial Vehicle (UAV) and Horticulture segment in the global agriculture market are expected to witness fastest growth rate during the forecast period.
Geographically, North America accounts for the major market share and is expected to hold the largest market share during the forecast period. Whereas, Asia-Pacific is the fastest growing agriculture robots market during the forecast period.
The key players in the market are Harvest Automation, Inc., Yamaha, ABB Robotics, Georgia Tech Agricultural Robots, IBM, HoneyComb, Trimble, Ossian Agro Automation, Google, FarmBot, AGCO Corporation, AgEagle Aerial Systems, Inc., Agricbotix LLC, PrecisionHawk, Inc., BouMatic Robtoics BV, Blue River Technology, Inc., Vision Robotics Corporation, Naio Technology and SenseFly SA.
TABLE OF CONTENTS
CHAPTER 1. Market Scope and Methodology
1.1. Market Definition
1.2. Market Segmentation
1.2.1. Market Breakdown, By Type
1.2.2. Market Breakdown, By Application
1.2.3. Market Breakdown, By Region
1.3. Research Methodology
1.4. Executive Summary
CHAPTER 2. Market Outlook
2.2.1. Market Share
18.104.22.168. Communicable robots to form a fully automated system
22.214.171.124. Robotics to increase yield of crops
126.96.36.199. Shift towards precision farming
188.8.131.52. Technological advancements in robotics
184.108.40.206. Robotics monitoring agricultural parameters
2.2.4. Growth Drivers
220.127.116.11. Increasing population
18.104.22.168. Drop in agricultural labor
22.214.171.124. Increasing food consumption
2.2.5. Impact Analysis of Drivers on Future Forecast of the Market
2.2.6. Restraints of the Market
126.96.36.199. High cost of agriculture robots
2.2.7. Impact Analysis of Restraints on Future Forecast of the Market
CHAPTER 3. COMPETITIVE LANDSCAPE
3.1. Player Positioning Analysis, 2016
3.2. Key Strategies Adopted by Leading Players
CHAPTER 4. Global Agriculture Robots Market Size and Forecast (2013 – 2023)
4.1. Global Agriculture Robots Market, By Type
4.1.1. Unmanned Aerial Vehicle (UAV)
4.1.2. Driverless Tractor
4.1.3. Milking Robots
4.1.4. Automated Harvesting Machine
4.2. Global Agriculture Robots Market, By Application
4.2.1. Field Farming
4.2.2. Dairy Management
4.2.3. Indoor Farming
4.3. Global Agriculture Robots Market, By Region
4.3.1. North America
4.3.4. Middle East & Africa (MEA)
4.3.5. South America
CHAPTER 5. Global Agriculture Robots Market, By Geography
5.1. North America Agriculture Robots Market
5.1.1. North America Agriculture Robots Market, By Type
5.1.2. North America Agriculture Robots Market, By Application
5.1.3. North America Agriculture Robots Market, By Country
188.8.131.52. The U.S.
5.2. Europe Agriculture Robots Market
5.2.1. Europe Agriculture Robots Market, By Type
5.2.2. Europe Agriculture Robots Market, By Application
5.2.3. Europe Agriculture Robots Market, By Country
184.108.40.206. The U.K.
220.127.116.11. Rest of Europe
5.3. Asia-Pacific Agriculture Robots Market
5.3.1. Asia-Pacific Agriculture Robots Market, By Type
5.3.2. Asia-Pacific Agriculture Robots Market, By Application
5.3.3. Asia-Pacific Agriculture Robots Market, By Country
18.104.22.168. Rest of Asia-Pacific
5.4. Middle East & Africa (MEA) Agriculture Robots Market
5.4.1. Middle East & Africa (MEA) Agriculture Robots Market, By Type
5.4.2. Middle East & Africa (MEA) Agriculture Robots Market, By Application
5.4.3. Middle East & Africa (MEA) Agriculture Robots Market, By Country
22.214.171.124. Saudi Arabia
126.96.36.199. South Africa
188.8.131.52. Rest of MEA
5.5. South America Agriculture Robots Market
5.5.1. South America Agriculture Robots Market, By Type
5.5.2. South America Agriculture Robots Market, By Application
5.5.3. South America Agriculture Robots Market, By Country
184.108.40.206. Rest of South America
CHAPTER 6. COMPETITIVE ANALYSIS
6.1. Porters Five Forces Analysis
6.1.1. Bargaining Power of Buyers
6.1.2. Bargaining Power of Suppliers
6.1.3. Threat of New Entrants
6.1.4. Intensity of Rivalry
6.1.5. Threat of Substitutes
CHAPTER 7. Key Players and Strategic Developments
7.1. Harvest Automation, Inc.
7.1.1. Business Overview
7.1.2. Product and Service Offering
7.1.3. Financial Overview
7.1.4. Strategic Developments
7.2.1. Business Overview
7.2.2. Product and Service Offering
7.2.3. Financial Overview
7.2.4. Strategic Developments
7.3.1. Business Overview
7.3.2. Product and Service Offering
7.3.3. Financial Overview
7.3.4. Strategic Developments
7.4.1. Business Overview
7.4.2. Product and Service Offering
7.4.3. Financial Overview
7.4.4. Strategic Developments
7.5.1. Business Overview
7.5.2. Product and Service Offering
7.5.3. Financial Overview
7.5.4. Strategic Developments
7.6. AGCO Corporation
7.6.1. Business Overview
7.6.2. Product and Service Offering
7.6.3. Financial Overview
7.6.4. Strategic Developments
7.7. AgEagle Aerial Systems, Inc.
7.7.1. Business Overview
7.7.2. Product and Service Offering
7.7.3. Financial Overview
7.7.4. Strategic Developments
7.8. Agribotix LLC
7.8.1. Business Overview
7.8.2. Product and Service Offering
7.8.3. Financial Overview
7.8.4. Strategic Developments
7.9. PrecisionHawk, Inc.
7.9.1. Business Overview
7.9.2. Product and Service Offering
7.9.3. Financial Overview
7.9.4. Strategic Developments
7.10. BouMatic Robtoics BV
7.10.1. Business Overview
7.10.2. Product and Service Offering
7.10.3. Financial Overview
7.10.4. Strategic Developments
CHAPTER 8. Research Approach
8.1. Initial Data Search
8.2. Secondary Research
8.3. Primary Research
8.4. Scope and Assumptions
Global Agriculture Robot Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023