The agricultural robots market is 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.
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Hardware component expected to lead the agricultural robots market
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.
Agricultural robots market for weather tracking and forecasting expected to grow at the highest rate between 2017 and 2022
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.
Americas held the largest share of the agricultural robots market in 2016
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.
Some of the major players in the agricultural robots
market are Deere & Company (U.S.), Trimble, Inc. (U.S.), AgJunction,
Inc. (U.S.), and AGCO Corporation (U.S.).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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