Global Agriculture Robotics Market: Trends Analysis & Forecasts to 2021

Published - Jan 2017 | Category - Electronics & Semiconductor | No. of Pages - 100+ | Published By - Infinium Global Research

Report Highlights

the global agriculture robotics market was worth USD 845.6 million in 2015 and it is expected to reach USD 2718.8 million in 2021. The global market is expected to grow at a CAGR of 5.5% over the forecast period of 2016 - 2021. Globally, with rise of mechanized agriculture and growing expectations for high yield and profitability among the farmers the demand for agriculture robotics has increased. The agriculture robotics are primarily used of the purposes such as spraying water/liquid pesticides, harvesting, imaging and seeding. Growing awareness about precision agriculture among farmers has significantly contributed to the growth of demand for agriculture robotics worldwide. Moreover, with the applications of IoTs the agriculture has become more efficient in the developed countries in the recent times.
The global agriculture robotics market is primarily driven by factors such as growing mechanized agriculture to increase yield and profitability among the farmers, growing awareness about precision farming and need for automation to monitor large agriculture lands.
Segments Covered:
The report segments the global agriculture robotics market by type, application, and region. On the basis of types the agriculture robotics market is segmented as UAVs, autopilot tractors, horticulture robotics, and others. Based on application, the market has been segmented into field farming, indoor farming, dairy farming, horticulture, and others.
Geographic Coverage and Analysis:
The global agriculture robotics market is analyzed covering the regions such as North America, Europe, Asia- Pacific, and Rest of the World. North America dominated the world agriculture robotics market in terms of dollar share in 2015, while Asia-Pacific is anticipated to grow at the highest CAGR over the forecast period. The growth in the Asia-Pacific region is primarily driven by emerging economies such as India, China and Indonesia
Companies Profiled:
Some of the key players in the global agriculture robotics market are Harvest Automation, Inc., Yamaha Motor Corporation (Precision Agriculture), GoPro., AGCO CORPORATION, BouMatic Robotics BV, AgEagle Aerial Systems, Inc, and Blue River Technology, Inc. among others.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of Agriculture Robotics globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of Agriculture Robotics. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the Agriculture Robotics market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the Agriculture Robotics market to understand the present and future trends in this market and formulate their strategies accordingly.

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