Agricultural Robots Market Projected to Surge to $30.5 Billion by 2032 with a 17.7% CAGR (Computers - Information Technologies)
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Agricultural Robots Market Projected to Surge to $30.5 Billion by 2032 with a 17.7% CAGR | |
By 2022, it is anticipated that the global market for agricultural robots would be valued $5,994.27 million. By 2032, the global market for agricultural robots is expected to produce sales of $30,500.51 million at a CAGR of 17.7%. The costs associated with automation are decreasing as IoT and navigation technologies are developed, which is due to the expanding population and labour shortages. Rapidly developing technologies are predicted to have a big impact on a variety of businesses. Food demand among consumers is rising in tandem with global population growth. To increase agricultural productivity, the agriculture sector is currently gradually adopting technology solutions. Empower Your Strategies: Receive Your Sample Report and Conquer the Agricultural Robots Market https://www.futuremarketinsights.com/reports/sample/rep-gb-4112 Agriculture Robotics Market: Drivers and Restraints Replacing farmers’ efforts with smart robots is the major driver propelling the growth of the market. Also, the population all across the world is increasing, which is fuelling the demand for more crop production, thus piloting the growth of the agriculture robotics market during the forecast period. The government of emerging nation such as India and China is focussing on launching smart farmer project, which is anticipated to create huge industry expansion opportunity in the nearer future. Further, the demand for driverless tractors and the increasing application of robots for indoor farming, dairy management, and horticulture are the other factors responsible for the growth of the agriculture robotics market. High initial investment and skilled staff for accessing the robot are the two factors coupled together to challenge the growth of the agriculture robotics market in recent years. Apart from this, government subsidies and farmer development training programs may assist in overcoming the above mention challenge. Market Competition Tractor LLC, Blue River Technology Inc., AutoProbe Technologies LLC, BouMatic Robots BV, Deere & Company, Harvest Automation Inc., Precision Hawk, Yamaha Motor Corporation, and GoPro, Inc. are among the key players in the agricultural robot market. Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights: https://www.futuremarketinsights.com/checkout/4112 Global Agriculture Robotics Market: Regional Trend North America is expected to witness the largest market growth regarding revenue, owing to the increasing penetration of modern agriculture equipment. Further countries such as Canada and U.S. are anticipated to exhibit positive market growth, due to increasing inclination adoption of the automation process. Asia-Pacific countries such as China, and India are estimated to capture the fastest market growth, owing to supportive government regulation to encourage smart agriculture projects in the respective region, which is expected to spur the demand for agriculture robotics in forthcoming years. Key Segments Covered in the Agricultural Robots Industry Survey Agricultural Robots Market by Product Type: Agricultural UAV Driverless Agricultural Tractors Agricultural Milking Robots Automated Agricultural Harvesting Machine Agricultural Robots Market by Application: Agricultural Robots for Field Farming Agricultural Robots for Dairy Management Agricultural Robots for Indoor Farming Agricultural Robots for Horticulture Agricultural Robots Market by Offering: Agricultural Robot Hardware- Automated & Controlled System Agricultural Robot Sensor & Monitoring Device Agricultural Robot Software Service Agricultural Robots Market by Region: North America Agricultural Robots Market Europe Agricultural Robots Market Asia Pacific Excluding Agricultural Robots Market Middle East & Africa Agricultural Robots Market | |
| Target State: All States Target City : All Cities Last Update : Jul 22, 2024 11:17 AM Number of Views: 56 | Item Owner : Sudip Saha is the managing director and co-founder at Future Market Insights Contact Email: (None) Contact Phone: (None) |
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2024-11-23 (0.387 sec)