Boonton, NJ -- (SBWire) -- 10/12/2018 --Global Agriculture Robots Market Analysis
According to Verified Market Intelligence, the Global Agriculture Robots Market is projected to reach 9,768.6 million by 2025 from an estimated value of 2,506.9 million in 2017, growing at a CAGR of 18.6% from 2018 to 2025.
What are Agriculture Robots?
Agriculture is a boon to our society as it fulfils our basic needs and ensure that the balance of ecological cycle is maintained. With growing advancement in technology, the incorporation of robotics in agricultural practices has brought a revolution in the field of agriculture and has made tasks much easier for the farmers. Agriculture robots has enhanced the level of artificial intelligence and has been catering various applications in the agro based industry and has enhanced the status for robotics at a global level.
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Global Agriculture Robots Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increasing demands for agricultural production, rising adoption of information technology systems, increasing consumption as well as growing initiatives by governments supporting the adoption of modern agricultural techniques have been driving the global agriculture robots market. While high implementation costs and data security issues could hamper the overall growth rate of the global agriculture robots market.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The "Global Agriculture Robots Market" is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Agriculture Robots Market Competitive Landscape
The "Global Agriculture Robots Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as Deere & Company, Trimble Inc., Agco Corporation, Agjunction, Inc., DJI, Boumatic Robotics, B.V. and Lely Holding S.À.R.L. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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Global Agriculture Robots Market Segmentation, by Type
On the basis of type, Global Agriculture Robots market is segmented into:
- Driverless tractors
- Automated harvesting machine
- Others
Automated harvesting machines accounted for the major share of the market in 2017 and the demand is projected to grow further over the forecast period.
Global Agriculture Robots Market Segmentation, by Application
On the basis of application, Global Agriculture Robots Market is categorized into:
- Field farming
- Dairy management
- Indoor farming
- Horticulture
- Others
Applications of agriculture robots in the field farming segment dominated the market in 2017. This trend is expected to continue over the forecast period.
Global Agriculture Robots Market Geographic Scope
- North America
o U.S.
o Canada
o Mexico
- Europe
o Germany
o UK
o France
o Rest of Europe
- Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
- Latin America
o Brazil
- Rest of the World
North America will continue its dominance in the global agriculture robots market during the forecast period, being the highest revenue contributor to the market.
Table Of Content
1 Introduction Of The Global Agriculture Robots
2 Executive Summary
3 Research Methodology Of Verified Market Intelligence
4 The Global Agriculture Robots Outlook
5 The Global Agriculture Robots, By Systems
6 The Global Agriculture Robots, By Service
7 The Global Agriculture Robots, By Verticals
8 The Global Agriculture Robots, By Applications
9 The Global Agriculture Robots, By Geography
10 The Global Agriculture Robots Competitive Landscape
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Agriculture Robots market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Agriculture Robots market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Agriculture Robots Market Growth Analysis: Leading Key Players - Deere & Company, Trimble, Agco Corporation, Agjunction, DJI, Boumatic Robotics, B.V. and Lely Holding