Agricultural Robots And Mechatronics Market Latest Advancement and Future Scope 2019 to 2024

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).

Agricultural Robots And Mechatronics

The Global Agricultural Robots And Mechatronics Market Report provides a complete analysis of the market. The Report focuses on manufacturers, suppliers, segmentation according to the application, major players, customers, opportunities, future roadmap, and furthermore. The competitive data type analysis includes capacity, market share, profit margin, market growth, consumer consumption, imports, exports, revenue, and etc. Marketing strategies, policies, industry chain that are changing the wave of the market are also catered in 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).

Top Companies in the Global Agricultural Robots And Mechatronics Market: 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

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.

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North America dominates the market

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, decline in labor, and the need to enhance productivity of agriculture.

Regional Analysis For Agricultural Robots And Mechatronics Market:

For comprehensive understanding of market dynamics, Agricultural Robots And Mechatronics Market is analyzed across key geographies namely: North America, US, Europe, Australia, Mexico, UK, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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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: The Global 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 analyzed the growth of the key players operating in the market.

Finally, Agricultural Robots And Mechatronics Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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