Agricultural Tractor Robots Market
Agricultural Tractor Robots Market - By Type, By Farm Produce & Global Region Market Size, Trends, Share & Forecast 2021-2027Request Sample Request Discount
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Agricultural Tractor Robots MarketRequest Sample
The global agricultural tractors robots market size was estimated at USD 2.7 billion in 2019 and is expected to reach USD 8.1 billion by 2027, growing with a CAGR of 7.7% over the forecasted period of 2021 to 2027. Declining number of labor, increasing population and growing requirement for high productivity from the existing farms areas are the factors which are fueling the growth of the agricultural tractors robots. Moreover, the maturity of existing agricultural technologies and launch of new agricultural technologies are projected to act a key opportunity for the market in the future.
Low cost IoT devices connected with farm management software are helping farmers to recognize data on weather, moisture, temperature and even accounting. They further help in providing insights to help optimize yield, better planning and also in making smarter decisions to increase productivity. Moreover, increase in use of GPS real-time kinematics (RTK) navigation in agriculture has become a standard for auto-steering systems in harvesters and tractors. For various application, the standalone GPS signal can deliver enough accuracy without the need for extra radio beacons. The Wheelman Pro auto-steering system from AgJunction (U.S.) uses GPS cost which costs up to USD 3,995, making it affordable for many farmers. For high-precision tasks, multimodal systems based on a combination of GPS. LiDAR, INS and vision systems are utilized to give greater accuracy. Companies like ecoRobotix (Switzerland) have been automating weeding and seeding process by both vision and GPS system.
The increase in use of heterogeneous and multimodal platforms that combine ground-based and aerial vehicles gives opportunities for targeted intelligence, support and mission planning. Cooperative and collaborative behavior between various agricultural tractors robots becomes advantageous for large scale agriculture and dairy operations as all tasks can be performed in parallel, giving large economies of scale. Various types of autonomous systems and robots which can be brought together in a systematic approach. For instance, Drones or UAVs are a great platforms for aerial monitoring, but restricted payload, ruggedness and operational time, they are not good for performing ground tasks like spraying. Thus, airborne and ground vehicles need to be coordinated to perform their tasks. The control of various agricultural tractors robots through a centralized software medium will greatly benefit large-scale farm automation. Moreover, due to the ability of multimodal robot systems to operate swarms of robots in farms and to perform various agricultural application like weeding and spraying simultaneously, players in the agricultural tractors robots are projected to adopt such kind of systems during the forecast period. Regular investment and government help in innovating the agricultural tractors robots is further augmenting the growth of the agricultural tractors robots market.
- In June 2019, AGCO Corporation (US), under the Fuse brand, introduced the AGCO Connect in North America to gives its dealers and customers with access to machine location data and diagnostics.
- In May 2019, AgJunction (US) introduced a partnership with Swift Navigation (US) to launch low-cost, autonomous tractors for agricultural applications to provide affordable solutions to farmers worldwide.
North America market holds the major share in the year 2019 and it expected to retain its dominant during the forecast period. Increase in population and improved lifestyle are the major factors that boost the growth of the agricultural tractors robots market. Raising purchasing power in this region is the prime factor which contributes towards the growth of the agricultural tractors robots market. The number of farmers adopting automation of agricultural activities is regularly increasing in the North America with increasing immigration shortage and scrutiny of labor. Moreover, robotic harvesting vehicles are being tested in California and Florida to harvest grapes, harvest apples, strawberries and other crops to automate labor –intensive tasks. Various large farming companies are now strategic investors for robotic startup companies like Harvest CROO. Countries such as Mexico and Canada are expected to exhibit a positive inclination towards the agricultural tractors robots market.
By type analysis, the agricultural tractors robots market is segmented UAVs, milking robots, driverless tractors, and automated harvesting systems. The automated harvesting systems segment holds the major market share and it is expected to retain its dominance during the forecast period.
On the basis of farm produce, the agricultural tractors robots market is divided into fruits and vegetables, field crops, livestock and others. The field crops holds the major market share and it is expected to retain its dominance during the forecast period. The penetration of autonomous robots and auto-steering systems is contribute toward the growth of this segment of the market.
Key Companies Profiled
The global agricultural tractors robots market is characterized by the presence of various small and big players. The major market player includes includes Deere & Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), DJI (China), Boumatic (Netherlands), Lely (Netherlands), DeLaval (Sweden), Topon (US), AgEagle Aerial Systems (US), YANMAR CO. (Japan), Deepfield Robotics (Germany), ecoRoborix (Switzerland). As the market is competitive in nature, the players are indulged in raising their competitive share by means of strategic initiatives like mergers, new product and acquisitions.
Custom Research Requirement? Questions to ask?Get in touch
Custom Research requirement.