The agriculture robots market is projected to grow at a CAGR of 29.44% during the forecast period. As per the agriculture robots market research report, the global market for agriculture robots is projected to grow swiftly by US$27.32 billion by 2026. According to analysts, advancements in artificial intelligence (AI) as well as adoption of robots for indoor farming will drive the market growth during the forecast period. The agriculture robots market research report offers a comprehensive analysis of the global agriculture robots market and its application, farm produce, farm type, region, and robot type segments. The high investment demands along with low levels of awareness among farmers are the elements that could influence the agriculture robots market advancement throughout the forecast period. Factors such as shortages of farm labor shortage, the penetration of IoT and navigation technologies across the globe, the increasing use of drones for crop mapping, and the rapid development of real-time multimodal robots are expected to drive the demand for agriculture robots across the globe.
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Tevel Aerobotics Technologies has announced this week that it has raised $20 million for its technology, developing flying fruit-catching robots to offer autonomous on-demand harvest. Maverick Ventures Israel, OurCrowd, AgFunder, and Asian agricultural equipment manufacturers, Kubota and Forbon, are among the investors in this round. This takes the overall financing of the organization to $33.9 million and the Israeli Innovation Authority grant of $2.5 million.
The key players featured in the global Agriculture Robots Market research report are Deere & Company (US), Trimble (Ticker: TRMB) (US), AGCO Corporation (Ticker: AGCO) (US), DeLaval (Sweden), DJI (China), Boumatic Robotics (Netherlands), Lely (Netherlands), AgJunction Inc. (Ticker: AJX) (US), Topcon Positioning Systems, Inc. (US), AgEagle Aerial Systems, Inc. (US), and Yanmar Co. (Japan) among others.
Agriculture Robots Market - Regional Analysis
The geographical analysis of the global Agriculture Robots Market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has been segmented into the US, Canada, and Mexico. The regional market is expected to account for the second-largest share of the global agriculture robots market during the review period. The growth of the market in North America can be attributed to the high concentration of market players and the easy availability of proficient technical expertise in the region.
The global agriculture robots market has been segmented based on application, farm produce, farm type, region, and robot type. On the basis of application, the market for agriculture robots is segmented based on dairy & livestock management, harvest management, inventory management, irrigation management, field farming, and others. Additionally, the market on the basis of farm produce, is segmented into dairy & livestock, field crops, fruits & vegetables, and others. The global market for agriculture robots is also covered based on the farm type segment which is further split into indoor & outdoor. On the basis of robot type, the market for agriculture robots is segmented based on automated harvesting systems, driverless tractors, milking robots, UAV, and others.
Major elements such as complex machines could obstruct the agriculture robots market growth. However, according to the agriculture robots market research report, increasing population along with easy access to machine location data will propel growth throughout the forecast period. The agriculture robots market is set to register growth at a high CAGR owing to these key factors. The exploration of application, farm produce, farm type, region, and robot type segments along with regional markets has been given in the global agriculture robots market research report. The research analysts studying the agriculture robots market have put out market forecasts in the agriculture robots market research report in order to support agriculture robots market-based companies. The agriculture robots market research report provides an extensive understanding of the agriculture robots market based on the information and forecasts till 2026.
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