The Global Agricultural Robots and Drones Market size is projected to be worth USD 56.02 billion by 2025 driven by increasing demand for smart technology paired with surge in government spending in agriculture sector. Agriculture is a trillion-dollar industry, representing almost 10% of the global GDP and employs billions of the global working population. With world’s population forecast to reach around 9 billion by 2050 according to the United Nations, it is expected that the agricultural consumption will increase by 70% over the same period.
Get Sample @ https://www.adroitmarketresearch.com/contacts/request-sample/395
Additionally, factors such as unfavorable weather conditions (flood, drought, and others) coupled with lack of skilled labor in many regions impede agricultural productivity. Growing need to revolutionize agriculture industry is encouraging technocrats to develop and innovate new technologies such as IoT devices, robot and drone. These technologies are positively impacting the agricultural robots and drones productivity including harvesting, crop spraying, seeding, fruit picking and others.
Dairy farm robots or automatic milking systems (AMS) captured 58.5% market share of agricultural robots and drones market in 2017. Milking robots provide more flexibility and improve the overall milking process than conventional systems. These robots reduce human labour and make milk harvesting efficient Milking robots enable farmers to shift their focus to other areas of farm management such as monitoring cow’s health, vaccinations and others. In addition, it also, assist farmers in monitoring milk production, quality and characteristics at individual (cow) level, driving the demand for robots in farming sector.
With advent of new technologies, smaller and agile organizations enter into the market space and disrupt industry value chain. North America is leading this trend and has seen several start-ups participate in digitalization in agriculture. For instance, start-ups such as American Robotics, Inc. was founded in 2016 to cater the growing needs for digital agriculture in the region. Surging needs for smart machines to reduce expensive human labour particularly, in farming sector drives the North America’s agricultural robots and drones market, which was valued at USD 1.5 billion in the year 2017.
Further, the region is witnessing increase in demand for dairy products that are attracting robot vendors to capitalize on the business opportunity in the region. For instance, in 2017, DeLaval a global player in milking robots announced its plan to set up the largest robotic milking facility in North America at TDI Farms LLC of Westphalia, Mich.
As of 2017, the global agricultural robots and drones industry is concentrated with limited number of players. However, there are many startups and already established companies from agriculture industry are acquiring and collaborating with domestically established companies. There are also many investment coming from venture capitals and funds raised by the startups to develop multiple type of autonomous robots for agriculture industry.
The major players operating in agricultural robots and drones market includes 3D Robotics, Inc., Case IH, DeLaval Inc., Festo AG & Co. KG, Kinze Manufacturing, senseFly (Parrot Group), AgEagle Aerial Systems, FarmBot Inc., Robotnik, AgJunction, Inc., Agribotix LLC, Beijing UniStrong Science & Technology Co., Ltd., L'Avion Jaune, Gamaya SA, and Pix4D.
About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
Adroit Market Research
3131 McKinney Ave #600
Dallas, TX 75204