Increased Demand for Automation in Farming to Support Growth of Global Agriculture Robots Market

The global demand for robots specifically designed for agricultural activities has significantly increased in the past few years and is expected to continue to rise at a promising pace in the near future as well. The rising demand for automation in the field of agriculture, owing to the vast benefits in efficiency and productivity of agricultural practices, is likely to lead to times when robots substitute human resources across all possible application areas. The industry for agricultural robots can expect an excellent future in the near term.

In a recent market research report, Transparency Market Research estimates that the global agriculture robots market will exhibit an impressive 24.1% CAGR from 2016 to 2024. If the number hold true, the market will rise from US$1.01 bn in 2016 to a revenue opportunity of US$5.7 bn by 2024.

In this blog post, TMR analysts provide insights into some of the key aspects of the global agricultural robots market: 

What are the key factors that will help drive the market in the near future? 

The rapid industrialization of developing nations is one of the key factors responsible for the migration of labor from agriculture to industrial jobs. This has led to a rise in the average labor costs across the globe and shifted the focus to automation of agricultural activities.  Developed nations are investing huge amounts in advanced and powerful agriculture robots, which are integrated GPS systems, enabling the gathering of accurate field data. Agriculture robots are being used extensively for the development of new varieties of crops. The global agriculture robot industry is also boosted by the use of these robots for cultivating genetically modified crops.

A variety of key agricultural machinery, say tractors for instance, has become largely independent over the time, robots have become pervasive in activities such as milking cows, and drones are increasingly altering the outlines of farming by coming into use in a variety of applications and suiting new applications at a rapid pace. Factually, unmanned helicopters have been used for spraying insecticides over crop fields for over the past two decades. But with the introduction of lighter drones, the practice is most likely to witness mass adoption even across new regional markets in the coming years. Fitted with advanced sensors and data storage prowess, present-day agricultural drones are also projected to help gather important data on farms, which could permit farmers to make more effective data-driven decisions. 

From a regional standpoint, how are opportunities distributed in the global agricultural robots market?

Geographically, the market for agriculture robots in North America is presently the leading contributor of revenue to the global market, accounting for a dominant share in revenue in 2015. However, the market in Asia Pacific is more likely to expand at the most promising pace in the next few years, emerging as the regional market with the most lucrative growth opportunities to companies operating in the agriculture robots market. Significant contribution on the technological front by Japan and China and massive demand across emerging economies will strengthen the position of Asia Pacific in the global agriculture robots market. 

Countries in the region are increasingly using robots for the management of horticulture and dairy. This is also expected to act as a key driving force for the Asia Pacific agricultural robot market in the next few years. Automated harvesting machines and driverless tractors have been witnessing high demand in the region and could be the face of growth for companies wanting to enter the lucrative regional market.


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