Agricultural Robots Market Size, Growth, Trend and Forecast to 2022 | MarketsandMarkets

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MarketsandMarkets Presents
Agricultural Robots Market Size, Growth, Trend
and Forecast to 2022 MarketsandMarkets 205
Pages Report The agricultural robots market is
expected to grow from USD 2.75 Billion in 2016 to
USD 12.80 Billion by 2022, at a CAGR of 20.71
between 2017 and 2022. The increasing focus on
farm-efficiency and productivity is expected to
propel the growth of the agricultural robots
market. The base year considered for the study is
2016 and the market size forecast is provided for
the period between 2017 and 2022.
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The hardware component is expected to hold the
largest share of the agricultural robots market
between 2017 and 2022. The hardware components
include automation and control systems, and
sensing and monitoring systems. Automation and
control systems such as global positioning system
(GPS) receivers, guidance and steering devices,
and variable rate technology (VRT) devices form a
major part of the agricultural robots market.
These hardware components have the largest share
of the overall agricultural robots market owing
to their extensive use in field farming
technologies. Weather tracking is one of the
important parameters in agriculture as this
application facilitates up-to-date information on
prevailing climatic conditions, such as
temperature, rain, wind speed and direction, and
solar radiation. There are various kinds of
devices used for this application, which include
handheld instruments and on-field weather
stations. Weather tracking helps in taking
decisions before severe and potentially dangerous
climatic conditions occur, thereby protecting a
farmers family or business. The Americas held
the largest share of the agriculture robot market
in 2016. This growth is attributed to the
increased industrialization of farming equipment
with the need for improved efficiency and
productivity to meet the global demand for food.
Efficient farming requirements, high production
accuracy, and increased use of farm management
software are some of the factors for the growth
of the agricultural robots market in the
Americas.
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The research methodology used to estimate and
forecast the agricultural robots market begins
with capturing data on key vendor revenues
through secondary research. Some of the secondary
sources include associations such as European
GNSS Agency (GSA) (Czech Republic), International
Federation of Robotics (Germany), British
Automation Robot Association (U.K), Israeli
Robotics Association (Israel), CropLife (CropLife
Media Group) (U.S.), and Agricultural Research
Organization (Israel). The vendor offerings
have also been taken into consideration to
determine the market segmentation. The bottom-up
procedure has been employed to arrive at the size
of the agricultural robots market from the
revenue of the key players in this market. After
arriving at the overall market size, the total
market has been split into several segments and
subsegments, which have been verified through
primary research by conducting extensive
interviews with key experts such as CEOs, VPs,
directors, and executives. The data triangulation
and market breakdown procedures have been
employed to complete the overall market
engineering process and arrive at the exact
statistics for all segments and subsegments. The
breakdown of the profiles of primary respondents
is depicted in the following figure.
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The agricultural robots ecosystem includes
augmented or managed service providers such as
Deere Company (U.S.), Trimble, Inc. (U.S.), and
Leica Geosystems (Switzerland) component
manufacturers such as Deere Company (U.S.),
Trimble, Inc. (U.S.), and AJ Junction, Inc.
(U.S.) device vendors tractor manufacturers
farm management solution and application
providers and end users. ContactMarketsandMark
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