Uploaded on Aug 10, 2020
The global Agricultural Robots market is anticipated to reach around USD 19,378.5 million by 2026 according to a new research published by Polaris Market Research
Agricultural Robots Market Size Worth $19,378.5 Million By 2026
Agricultural Robots Market
Set to Exceed USD USD 19,378.5 million by 2026 | CAGR
23.8%
“Agricultural Robots Market By Component (Hardware,
Software, Services); By Type (Milking Robots, Harvesting
Robots, Drones, Driverless Tractors, Others); By Application
(Crop Management, Irrigation Management, Inventory
Management, Soil Management, Dairy Management, and
Others); By Region, Segments & Forecast, 2018 - 2026”
Agricultural Robots Market Estimate & Forecast to 2026
The global Agricultural Robots market is anticipated to reach around USD 19,378.5 million by
2026 according to a new research published by Polaris Market Research.
There has been an increasing adoption of agricultural robots across the world owing to
growing agricultural industry, and high-demand for food crops. The growing population, and
increasing automation of farm operations further supports the Agricultural Robots market
growth. The global agricultural robots market is driven by the increasing need to improve
the quality of crops produced, maximize crop production, and enhance productivity. Other
factors driving the growth of this market include growth in the global agricultural industry,
reducing availability of labors, and increasing labor costs. Increasing need of agricultural
robots in farming, dairy production, and green plantation operations has created the need to
develop new innovative products for diversified application areas in these sectors.
In the end-user segment, for consumer electronics market for magnetic sensors is
anticipated to grow at the highest CAGR during the forecast period. This growth is attributed
to its wide usage for navigation purpose in smartphones as in the modern day, almost every
smartphone is integrated with e-compass. In smartphones, e-compass acts as a digital
compass providing positioning of the smartphone concerning Earth’s magnetic field thus,
facilitating the smartphone to sense the precise direction.
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Agricultural Robots Market Scope
By Component By Type By Application By Region Report Attributes
Hardware Milking Robots Crop Management North America Historic year: 2015-2016
Software Harvesting Robots Irrigation Management Europe Base year: 2017
Services Drones Inventory Management Asia Pacific Forecast Year: 2018-2026
Driverless Tractors Soil Management Latin America Middle East Revenue ((USD Million)
Others Dairy Management & Africa
Others
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Agricultural Robots Market Estimate & Forecast to 2026
The different types of agricultural robots include milking robots, harvesting robots, drones,
driverless tractors, and others. In 2017, milking robots accounted for the largest share in the
global market. Milking robots are used as an automated milking system in the dairy sector.
Lely Astronaut A4 milking machine by Lely is one of the popular products available in the
market for milking applications. An innovative product available in this category is Voyager
robotic fencer, which is developed by Lely. This robot is used as an automated grazing
control system for dairy cows.
The leading companies profiled in the Agricultural Robots Market report include
AG Leader Technology, AGCO Corporation, Harvest Automation, Inc., Drone Deploy,
Agribotix LLC, Deere & Company, Boumatic Robotics, B.V., Topcon Positioning Systems, Inc.,
Autonomous Solutions, Inc., GEA Group, CLAAS KGaA mbH, and CNH Industrial. These
companies launch new products and collaborate with other market leaders to innovate and
launch new products to meet the increasing needs and requirements of consumers.
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Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
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