Agricultural Robots Market Size, Growth, Trend and Forecast to 2022 | MarketsandMarkets

1. MarketsandMarkets Presents Agricultural Robots Market Size, Growth, Trend and Forecast to 2022 | MarketsandMarkets [205 Pages Report] The agricultural robots marketis expected to grow from USD 2.75 Billion in 2016 to USD 12.80 Billion by 2022, at a CAGR of 20.71% between 2017 and 2022. The increasing focus on farm-efficiency and productivity is expected to propel the growth of the agricultural robots market. The base year considered for the study is 2016 and the market size forecast is provided for the period between 2017 and 2022.

2. The hardware component is expected to hold the largest share of the agricultural robots market between 2017 and 2022. The hardware components include automation and control systems, and sensing and monitoring systems. Automation and control systems such as global positioning system (GPS) receivers, guidance and steering devices, and variable rate technology (VRT) devices form a major part of the agricultural robots market. These hardware components have the largest share of the overall agricultural robots market owing to their extensive use in field farming technologies. Weather tracking is one of the important parameters in agriculture as this application facilitates up-to-date information on prevailing climatic conditions, such as temperature, rain, wind speed and direction, and solar radiation. There are various kinds of devices used for this application, which include handheld instruments and on-field weather stations. Weather tracking helps in taking decisions before severe and potentially dangerous climatic conditions occur, thereby protecting a farmer’s family or business. The Americas held the largest share of the agriculture robot market in 2016. This growth is attributed to the increased industrialization of farming equipment with the need for improved efficiency and productivity to meet the global demand for food. Efficient farming requirements, high production accuracy, and increased use of farm management software are some of the factors for the growth of the agricultural robots market in the Americas.

3. The research methodology used to estimate and forecast the agricultural robots market begins with capturing data on key vendor revenues through secondary research. Some of the secondary sources include associations such as European GNSS Agency (GSA) (Czech Republic), International Federation of Robotics (Germany), British Automation & Robot Association (U.K), Israeli Robotics Association (Israel), CropLife (CropLife Media Group) (U.S.), and Agricultural Research Organization (Israel). The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the size of the agricultural robots market from the revenue of the key players in this market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents is depicted in the following figure.

4. The agricultural robots ecosystem includes augmented or managed service providers such as Deere & Company (U.S.), Trimble, Inc. (U.S.), and Leica Geosystems (Switzerland); component manufacturers such as Deere & Company (U.S.), Trimble, Inc. (U.S.), and AJ Junction, Inc. (U.S.); device vendors; tractor manufacturers; farm management solution and application providers; and end users. Contact:MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com