Global Agricultural Robots And Mechatronics Market – Growth, Trends, And Forecast (2020 – 2025)
Agricultural Robots And Mechatronics market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The Agricultural Robots And Mechatronics market is highly competitive and consists of a number of major players: Agrobotix LLC, Agrobot, Autonomous Solutions (ASI), Autonomous Tractor Corporation, AutoProbe Technologies, Blue River Technology, BouMatic Robotics, Clearpath Robotics Inc., Conic System, DeLaval Inc., EcoRobotix Ltd, GEA Group Aktiengesellschaft, Harvest Automation Inc., Deere & Company, Lely, Naio Technologies, PrecisionHawk, SAC Milking, SenseFly, Vision Robotics Corporation, Vitirover, Wall-Ye, Yamaha Motor Co. Ltd and Others
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Scope of the Report
The agricultural robots and mechatronics market was valued at USD 3.4 billion in 2018 and is expected to register a CAGR of 24.2%, during the forecast period (2019-2024). In 2018, North America was the largest geographical segment of the market studied and accounted for a share of around 42%.
Agricultural robots and mechatronics support farmers by performing agricultural operations, such as crop and animal sensing, weeding and drilling, integration of autonomous systems technologies into existing farm operational equipment such as tractors, robotic systems to harvest crops, and conduct complex dexterous operations and allied industry operations.
Key Market Trends
Increasing Adoption of Automation Technologies in Indoor Farming
With the adoption of advanced technologies, large farms equipped with indoor farming are opting for the usage of robots, in order to automate the processes mentioned above. After the adoption of advanced farming technologies in large farms, the labor force reduced by 22% globally, in the year 2017, compared to the previous year. Some of the major projects, like GARotics (Green Asparagus Robotics Harvesting System), GRAPE (Ground Robot for VineyArd Monitoring and ProtEction), and MARS (Mobile Agricultural Robotic Swarms) were funded by the European Commission to replace manual labor with automation technologies. Several such innovations are aiding the agricultural robots market to gain potential attraction in the near future.
Big industrial indoor farms are using aquaponics, which includes high-tech plumbing and filtration systems that can recycle virtually all the freshwater and avoid the use of pesticides. The combination of indoor farming and robots is likely to enhance the production capacities of crops. This is likely to drive the agricultural robots and mechatronics market to an extent.
North America dominates the market
According to Mordor Intelligence analysis, the share of the North American agricultural robots and mechatronics market was 62% in 2018. The United States is one of the largest markets for autonomous tractors in the agricultural robots and mechatronics market in North America. Autonomous Tractor Corporation and Agrobotics LLC are some of the major players in the market studied, based in this region. The major factors driving the market studied in North America are large scale farming operations, the decline in labor, and the need to enhance the productivity of agriculture.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Agricultural Robots And Mechatronics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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